The Currency Analytics
By Dan Saada
Nexo recently celebrated their birthday. On September 04, 2020 tweeted: “Today we are celebrating Friday and a birthday! Please welcome Issue 0 of Dispatch!
Nexo started off with Dispatch by Nexo, the intro read thus: “Introducing our contribution to the sea of newsletters that wash the shores of your inbox.
All the interesting happenings can Nexo can be noticed by reading through the newsletters.
Nexo Tweeted: “Retaining a healthy Loan-to-Value ratio during times of volatility is essential to protecting your hard-earned assets.
Nexo have very clearly explained the Loan to Value (LTV) Concept.
The Loan-to-Value (LTV) ratio is a financial terminology which is used by lenders to express the ratio of a loan to the value of the collateral.
While in a traditional market lenders make use of credit scores as reported by third-party credit agencies to arrive at the creditworthiness of the borrower, the higher the…
They have also stated that LTV is calculated as the loan amount in USD divided by the value of the collateral in USD, expressed as a percentage.
The Example reads thus: “Loan amount: 5.000 USD; Value of collateral: 10.000 USD; Loan-to-Value = ($5.000/$10.000)*100% = 50.0%”
In response to the LTV one of them said, great you let think and warn your community for the LTV ratio! So you let see you care about your community!
However, someone else felt practical and positive about it and stated, “A good warning is a sign of caring for the community. Our hard earned must be protected.
Nexo on Snapshot of XRP Ledger for Spark Distribution on December 12, 2020
When asked about Nexo are taking part in the spark give away for your XRP holders, Nexo replied stating we are currently in active communication with the CEO of Flare Network.