A bit hard to find current info about the tokenomics of the token that is current. It was launched in 2018 and doesn't seems like the tokenomics or whitepaper was kept up to date. 56% of the token supply is currently in circulation, they suffered the various crashed related to the market. Below is a graph that show the price of Nexo in blue versus BTC in yellow. They are underperforming compared to BTC since the peak of April 2021, which is weird, normally alt coins should outperform BTC when the market is getting better.
Obviously, every services they have are built to be profitable for the business itself, it is unclear if they use their profits to sustain a floor price of their token, I suspect they partly do, but doesn't look like they are doing enough to protect their token price.
I'd say, their services might be good for money management, but not sure the nexo token itself is such a good investment. From a philosophical point of view, I do like what they are doing, but I'd rather trust a decentralized equivalent, hopefully one will exist one day. Show Less
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