Nexo Community Accepts Governance Proposal to Give Users Daily Interest on NEXO Tokens

• Nexo launched a Governance Vote functionality, allowing users to participate in strategic business decisions.
• Nexo’s first Governance proposal – Daily Interest on NEXO Tokens – was accepted and implemented on June 8, 2021.
• The Daily Interest program gives token holders up to 12% APY, paid out daily.

LONDON – June 8, 2021 – Nexo, a leading institution for digital assets, has passed a governance proposal for users to earn daily interest on NEXO Tokens. With the new scheme, token holders will receive up to 12% interest per annum, paid out daily. All investors will receive equal base interest rates, regardless of the size of their NEXO Token holdings with bonus rates available for users who choose to benefit from Nexo’s Fixed Term accounts.

“The people have spoken and we are thrilled to give them the daily interest model they’ve been asking for. We strive to empower our users to manage their finances autonomously and cost-efficiently and we’re best able to do that by listening to their needs and suggestions. We’re thrilled to be entering a new chapter of Nexo’s story and will continue using our new Governance Vote feature to include our community in all our key decisions,” said Antoni Trenchev, Co-Founder and Managing Partner of Nexo.

A final Dividend distribution of $20,428,359.89 will be made on June 16 to ensure those who have been holding NEXO for dividends are not adversely affected by the change. Thе upgrade to the NEXO Token is the result of the company’s first Governance Vote – a hybrid approach to the governance model used in decentralized protocols that can be applied to Nexo’s centralized platform. The new governance capability combines investors’ needs with the Nexo team’s expertise by putting proposals that users want and that Nexo can implement to a vote - ultimately leading to more targeted, functional and desirable products.

From its inception, Nexo has given back 30% of profits via its flagship Dividends program through which it has distributed $9.5M to NEXO Token holders worldwide. Now, the NEXO Governance Vote has been devised as a way to empower the community to participate in company decisions, prompting the transition from Dividends to the new Daily Interest on NEXO Tokens. The Governance Vote and Daily Interest on NEXO Tokens are both part of the Nexonomics initiative – a series of upgrades and features for the NEXO Token designed to drive its tokenomics, reinforce its utility and boost its value in the digital economy.

The new Daily Interest program is the next step in Nexo’s tokenomics overhaul designed to eradicate volatility around dividend dates which was a longstanding concern for the Nexo community. Additionally, yields on the company’s native token will now be more predictable and flexible for investors.

About Nexo

Nexo is a leading digital assets institution. Committed to enhancing the value and utility of digital assets, the company offers a comprehensive suite of services including advanced trading solutions, liquidity aggregation from top trading venues, and flexible asset-backed credit lines. Since its inception in 2018, Nexo has processed $130+ billion for 7,000,000+ satisfied users across more than 200 jurisdictions. For more details, visit: nexo.com

Media contact for Nexo: Nexo PR Team [email protected]