Q&H Report NEXO

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QoinHedge Research Report

CMP - 3275 Satoshi #110


About
Credissimo is a leading European Fintech group founded in
2007 that utilizes inoovative proprietary technologies to
provide: instant online consumer loans,e-commerce financing
,and bill payment services.By applying blockchain technology
,Nexo is Credissimo's answer to solving the lack of financing
in the new digital economy.
Powered by 10 years of Credissimo's expertise and solid
resource base,Nexo is Credissimo's answer to solving the lack
of financing in the new digital economy.
Powered by 10 years of Credissimo's expertise and solid
resource base,Nexo is offering instant crypto-back loan,a
revolutionary product that enables clients to enjoy their
crypto assets without selling them.
Functions
Instead of simply holding idle digital assets,investors,miners and entrepreneurs
have the opportunity to set up an instant crypto loan with Nexo,combining the best
of both worlds-holding their crypto assets and having access to instant cash.By
transferring crypto assets to their Nexo wallets,Nexo's clients are able to instantly
access cash that is denominated in fiat currencies such as USD,EUR and JPY. The
crypto-backed loan is secured by the market value of the digital asset placed in the
wallet.

Nexo offers miners a flexible instant crypto loan,which will enable them to fund
their increasing capital expenditures and operating expenses without having to
sell their assets.

Nexo allows clients to retain 100% ownership of their crypto assets to profit from
their potential.

The nexo oracle detects live changes in asset value and recalculates loan limits.In
the case of asset price appreciation, the loan limit is automatically increased.
Exchanges

1) FATBTC

2)HITBTC

3)IDEX

4)DDEX

Excluded Exchanges with Low Volume


Partners
Bit Go
BitGo is a blockchain software company that
secures digital currency for institutional
investors.

Onfido
Nexo Has partnered with onfido for highest
compliance standards.
Partners Cont.
Polymath
Polymath is a securities token
platform.Where securities tokens can be
issued using Polymath's ST-20 standard.

University College London(CBT)


The UCL Centre for Blockchain Technologies
(CBT) provides a cross-sectoral platform, which
drives the adoption and integration of Blockchain
and Distributed Ledger Technologies into the
socio-economic system.
Economics

Market Cap
$ 159 Million

Total Supply
1 Billion NEXO

Circulating Supply
560 Million NEXO
Token Distribution

58.5% 41.5%
Investors Company
Market Edge
Nexo is able to draw from Credissimo's long-standing
marketing and customer acquisition experience,which will
provide solid base for future development.

The cost efficiency,flexibility and the retained ownership of the


digital asset all make Nexo a much better choice to instantly
unlock the value of digital assets.

The world wide asset exchange(WAX) is the biggest player that


has already developed blockchain solutions to tokenize in-
game items.Nexo will accept WAX tokens in order to provide
instant crypto loans to gamers who want to retain ownership of
their perished video-game items.

Nexo has been audited by Deloitte.


RoadMap Q2 - Q4 (2018)

Launch Nexo Credit card


Additional altcoins/tokenized assets support
JPY Support
KYC/AML Automation
Launch Nexo Mobile Wallet
Launch Affiliate Program & Tell a Friend
Program
Increase Maximum Loan Limits
Second Nexo Airdrop Campaign
Team
The team Members are highly competent and popular in
relevant fields.

Nexo's parent company Credissimo is a market leader in the


Online Consumer Lending segment in several European
countries.

Market Hype is Average Regarding This Project.

This Project has good ratings on various benchmark sites.


Social Community

33.2K 64.6k 563


Project Comparison
There are many competitors in this space such as ETHlend(p2p)
celsius(ICO stage),etc But the main competitor of NEXO is
SALT.Below is a comparison between the two:

SALT NEXO
Is a platform for accredited lenders to Is Credissimos entry into digital asset
register and lend . based lending.
They are planning to get audited by a Is audited by Deloitte
reputable firm. Application is easy
Loan application process is manual Is newer compared to SALT but backed
Started as a blockchain project in 2017 by Credissimo which is in this space for
Balance is locked in 10 years
Lending capacity based on lenders In case of appreciation users can
registered withdraw excess amount from the nexo
Loan matching takes times unlike wallet
NEXO where it is instant. More lending capacity than SALT.
Also bringing in enterprise API in Q1 2019
where lenders can register and lend.
Technical Chart Analysis

Currently trading at the bottom : good entry


As on : 15/05/2018
point.
ICO Details 

Token sold out in 25 days 


Fundraising Goal Of $52.5 million Achieved
Token Based on Ethereum Blockchain
Company Based in Europe
(6march-1April)ICO token price 1 NEXO=$0.1
CMP=$0.274
ATH=$0.53
ATL=$0.15
CMC listing date- 2nd May 2018
Valuation
Nexo token holders are entitled to 30% dividends from the
companies net profits.

The space NEXO is operating in (finance) is quite a big


segment when calculated against all of the crypto market cap
so growth potential is quite high as it is at it's bottom right
now and almost catching up on market cap with it's main
competitor SALT. What is the most surprising thing is that it
is still not listed in any high volume exchange yet we can
easily see it's price appreciate by 2-3x once it gets listed.

Nexo credit card is also scheduled to launch this quarter we


can see a significant price appreciation after that.
Conclusion
Technically SALT and NEXO are quite similar , but what
NEXO's got going for itself is an Experienced parent
company(Credissimo) high lending capacity instant approvals
and they'll also be launching an enterprise API in Q1 2019.

After the enterprise API lenders will be able to register on


NEXO and give out loans to borrowers just like SALT. So NEXO
will have all that SALT has and more .

One more thing to notice is that although SALT being the


earlier enterant in the market,NEXO has almost caught up
with it in terms of Market Cap in 2 weeks.Keeping in mind the
segment NEXO is operating in and it's competitors the upside
potential of this project is quite high.

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