NEXO nexo
What is NEXO?
NEXO is the native utility token of Nexo, a digital-asset wealth platform founded in 2018. Nexo provides products including crypto-backed credit lines, savings/interest accounts, asset exchange, and the Nexo Card.
The token is an ERC-20 asset on Ethereum and is also represented on supported networks through Nexo's platform. Nexo's official page identifies the Ethereum contract as 0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206, with symbol NEXO and 18 decimals.
NEXO is primarily a platform-utility and loyalty asset rather than a standalone blockchain coin. Holding NEXO relative to the rest of a user's Nexo portfolio determines Loyalty Program tier and can unlock improved rates, cashback, and other account benefits.
What problem does NEXO solve?
Crypto holders often have assets that are difficult to deploy without selling them, while borrowing, earning yield, and spending products can be fragmented across separate services. Nexo addresses this access problem by combining digital-asset custody, credit, earning, exchange, and payments in one platform.
The token provides a way for the platform to align account benefits with long-term Nexo participation. Its loyalty structure gives users an incentive to maintain NEXO exposure while receiving preferential terms, although benefits, rates, availability, and eligibility are subject to Nexo's current rules and jurisdictional restrictions.
How does NEXO work?
NEXO holders can qualify for Nexo Loyalty Program tiers based on the percentage of NEXO in their total Nexo portfolio; the official loyalty page describes Base, Silver, Gold, and Platinum tiers. Higher tiers are associated with better terms.
According to Nexo's current token FAQ, eligible holders can earn interest on NEXO kept in Savings or Credit Line Wallets, including NEXO used as collateral, if they opt into earning interest and meet the stated account-balance requirement. The page advertises up to 9% annual interest on NEXO, while broader loyalty benefits include higher yields and borrowing rates starting at 1.9% annual interest.
NEXO can be acquired or swapped through the Nexo Exchange and used within the platform's benefits system. Nexo's loyalty page also advertises up to 0.5% crypto cashback on Exchange transactions and up to 2% cashback with the Nexo Card for qualifying users; these are platform terms, not protocol-level guarantees.
Key facts
- Ticker: NEXO
- Native utility and loyalty token of the Nexo digital-asset wealth platform
- Ethereum ERC-20 contract: 0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206
- Decimals: 18
- Nexo platform launched in 2018; NEXO token marked the ecosystem's beginning
- Loyalty tiers: Base, Silver, Gold, and Platinum
- Official page advertises up to 9% annual interest on NEXO
- Official page advertises borrowing rates from 1.9% annual interest for eligible loyalty users
- Official page advertises up to 0.5% Exchange cashback and up to 2% Nexo Card cashback
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Frequently asked questions
What is NEXO used for?
NEXO is used as the utility and loyalty token of Nexo. Its balance relative to a user's Nexo portfolio can determine Loyalty Program tier and access to preferential yields, borrowing rates, and cashback benefits.
What is the NEXO token contract address?
The Ethereum ERC-20 contract listed by Nexo is 0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206, with symbol NEXO and 18 decimals.
How does Nexo Loyalty work?
Your NEXO holdings as a percentage of your total Nexo portfolio determine your tier. Higher tiers generally provide better platform terms, subject to current Nexo eligibility rules.
Can NEXO earn interest?
Nexo states that eligible NEXO held in Savings or Credit Line Wallets can earn interest, including tokens used as collateral, when earning interest is enabled and the account meets the required balance.
Is NEXO its own blockchain?
No. NEXO is an ERC-20 token on Ethereum; Nexo also supports representations or transfers on additional networks and within its platform.
External trackers
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