NEXO Tokens Holders Receive $20,428,359.89 in Dividends

• Nexo has distributed $20,428,359.89 in dividends to eligible token holders.
• The total the company has shared with investors through dividends is now $30 million.
• This is the fourth and final Nexo dividend following the transition to daily interest payouts on NEXO Tokens

London, June 16, 2021 – Today, Nexo, a leading institution for digital assets, distributed its fourth dividend of $20,428,359.89 to eligible NEXO Token Holders. The payout comprises 30% of the company’s net profit for the financial period of June 30, 2020 - May 30, 2021 and demonstrates 233% growth аs compared to the third dividend of $6,127,981.39 from August 15, 2020.

This dividend distribution is a result of Nexo’s first Governance Vote – the new functionality that empowers NEXO Token holders to participate in important decisions and changes to the Nexo platform. Through the Governance Vote on June 8, the Nexo community indicated its preference for daily payouts of up to 12% APY on NEXO Tokens over dividends. To ensure investors were not adversely affected, Nexo paid out its fourth and final dividend on June 16, 2021.

In just three years, the company has shared a total of close to $30 million in dividends with token holders over four distributions. Following the final dividend, Nexo will continue to share its financial success with token holders through the Daily Interest program. The new scheme, which launched on June 8, 2021, makes the yield in NEXO Tokens more regular, predictable and flexible.

“Our Dividend Program has been a Nexo staple from the very inception of the company, so naturally our team is sentimental about seeing it go. Nonetheless, Nexo is all about sustained innovation and making the first footprints on the surface of the new world of finance. Part of that means saying goodbye to more traditional models of wealth sharing and creating new more efficient ones like Daily Interest on NEXO Tokens,” said Co-founder and Managing Partner Antoni Trenchev about Nexo’s last dividend.

The final dividend and Daily Interest on NEXO Tokens come immediately following a round of new releases from the Nexonomics overhaul – a series of upgrades and features for the NEXO Token designed to drive its tokenomics, reinforce its utility, and cement its value in the digital economy.

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
Magdalena Hristova
Nexo PR Team
[email protected]