Is this the best project in crypto right now?
>credit line taken against your crypto
>credit card will give 5 percent cashback on all purchases
>8 percent dividends paid daily on all stablecoins
>nexo token gets a 30 percent dividend, can also take out credit against it
>funds are safu and insured
Seriously, what's the drawback here? This fucking kills the credit card company.
8% daily on stablecoins sounds like a hyip ponzi non market based non transparent interest rates are a big red flag, I know nothing about the project though or how they claim to deliver that return
Well, I haven't read the whitepaper, but I imagine its similar to how banks do it.
>pay dividends for loaning out your coins
>get paid back from people who don't pay their fees and shit on time
Redpill me on DAI someone
its paid daily on an annual basis. There are many other projects offering that, and this is a legit project backed by a successful company.
lol bulgarian gyppo token
Wat
unironically would it be worth buying £50 of nexo and waiting for 30% dividends?
Sure, token should hopefully grow more
Nope but I have 200,000 EUR on there.
It's a good product to use, the token is still slightly overvalued.
Antoni Trenchev is based af