According to state regulators, the crypto lending firm is insolvent without their $NEXO token holdings. The same situation that led to Celsius Network's collapse...
man like nexo token is basically an exchange token. of course everyone's gonna hold it on nexo cause its the only place it has utilities -- what use you have of it holding it on a ledger?! so naturally everuyone holds nexo on... nexo.. shocker. look at all the other exchange tokens, same shit with FTX etc.
lots of words in this article instead of a simple explanation.
Assuming Nexo uses the same style of Terms of Service that Celcius etc did, can we confirm if they're counting their customer deposits in the asset column rather than as liabilities? That could explain the discrepancy between the tokens they claim to have and the tokens actually under their control.
man like nexo token is basically an exchange token. of course everyone's gonna hold it on nexo cause its the only place it has utilities -- what use you have of it holding it on a ledger?! so naturally everuyone holds nexo on... nexo.. shocker. look at all the other exchange tokens, same shit with FTX etc.
lots of words in this article instead of a simple explanation.
Nice work. We will study it and inform our Spanish speaking community, integrating back links to the article and your site. Kind regards.
Assuming Nexo uses the same style of Terms of Service that Celcius etc did, can we confirm if they're counting their customer deposits in the asset column rather than as liabilities? That could explain the discrepancy between the tokens they claim to have and the tokens actually under their control.
Over the past few months, what has struck me the most is that they "offered" to aquire ailing competitors, but never did, have they?