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What is Nexo Token and can I use it as collateral?

NEXO Tokens are the world’s first compliant dividend-paying asset-backed security tokens with utility features.

Yes, the NEXO Tokens can be used as collateral.

The NEXO Token also has excellent utility features:

  • Stacking NEXO Tokens give you a 50% discount on the accumulated interest.
  • The deposited NEXO Tokens you use as collateral are also eligible for the Nexo dividend payouts as long as two conditions are met:
  1. NEXO Token Holders must undergo one-time KYC (Advanced Verification) just as they would do at any other compliant financial institution. Nexo’s KYC process is straightforward, fully automated and usually takes less than two minutes;
  2. NEXO Tokens must be held/staked in your Nexo Wallets at the ex-dividend date.
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