Finance News
By Maheen Hernandez
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NEXO Buy Back Program
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Nexonians were informed by Nexo Finance that their custodian BitGo are currently experiencing delays in processing transactions due to extremely high fees on the BTC chain.
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NEXO tweeted: “Dear Nexonians, we remind you to watch over the digital assets you have used as collateral to your Instant Crypto Credit Line™.
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Such corrections are an inevitable aspect of market behavior. And some felt that people are going nuts over the BTC price and forget about that the price definitely will crash…
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Some users stated it is sad to think that NexoFinance needs to post this and that it is supposed to be automatic, no need to be reminded of frequently.
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One of the users stated, I once said I would start slowly selling my Bitcoin at 100k, but have decided to never sell.
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It is very obvious that the attitude of people who are involved in the cryptocurrency investing space is changing drastically.
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Nexo have also expressed that they have launched a $12 million Buyback program and repurchased 1,482,207.9472 NEXO Tokens at prices ranging between $0.43 and $0.60 apiece.
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The good thing is that about 30% of clients who did not previously qualify for preferential rates and bonuses are now benefiting from the new Loyalty program.
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They have to state that their yields are now up to 166% higher than those of the next best provider because Nexo’s rates are always in the best interest of users.
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As the interest in NEXO tokens are increasing, about 60% of the clients are opting to earn in Nexo.
The Currency Analytics
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