Nexo Holders dividend payout arrives in August
By Rafał - 2019-06-30
The Nexo’s Board of Directors is glad to bring a new opportunity for its community with the next Nexo dividend distribution planned for August 15, 2019 and subject to standard eligibility requirements for all the NEXO token holders and the ex-dividend will occur on August 5, 2019.
The current amount to share remains unknown and will be made public on August 1, 2019. Nexo will share the exact amount of the Nexo dividend as a proof of the healthy growth and evolution of the Nexo community and project.As stated in a previous"> interview for CNBC by Nexo’s managing partner Antoni Trenchev, Nexo is seeing an unprecedented demand for its signature Instant Crypto Credit Lines™ which attests a long-term profitability and ever-growing dividends for the NEXO Token Holders.
How to take part in the dividend payoutNEXO Tokens can be bought on several exchanges including Huobi, one of the biggest community to trade most crypto currencies , including BTC/NEXO and ETH/NEXO pairs to actively trade the tokens. Before picking Nexo as an investment to prepare the upcoming dividend distribution, users must check out all the details to ensure that they have taken all measures to benefit from Nexo’s shares of 30%.
EligibilityNEXO Tokens must be held/staked in user’s Nexo Wallet at the ex-dividend date, which is 10 days prior to the dividend distribution date. NEXO Token holders must undergo a one-time verification just as they would do at any other compliant financial institution. Nexo’s Know-Your-Customer (KYC) process is very simple, fully automated and usually takes less than 2 minutes to fill. Sharing back with the community is important for Nexo to show what the decentralized finance (DeFi) is ultimately all about.
Unlike many projects in the crypto sphere, Nexo’s system aims to reward long-term investor and decreases market volatility around ex-dividend dates. This solution results in the dividend profit-sharing to be split into two parts:
- Base Dividend — paid out to all eligible token holders proportionally to their NEXO Token holdings;
- Loyalty Dividend — paid out individually for each NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next. The share of the Loyalty Dividend will be no less than 1/3 of the total dividend amount to be distributed in any given period