The "earn interest" program that they have on their platform is one of the alike program that they have with the bank. But still, know the risk because this is cryptocurrency and with the promised interest is the same as the banks too.
This might be a good announcement thread for nexo if still they don't have it. I don't have time to look for the original ANN.
Thank you, I appreciate it. Just wanted to put this out there as I find that NEXO doesn't get the recognition as some of the top coins on CoinMarketCap. In the top 50, how many of them can say that they are making a profit? Have a use case? If they are not making any revenue, how will they survive? (ICO funds won't last forever, we've seen projects stop operation because of this during the bear market.)
Not only am I invested in NEXO, but I have also used their service before and it has been flawless. Everything is automated and you get your loan instantly. There has been 2 payouts of the dividends since their launch, first one with a yield of 4.80% followed by 12.73%. The next dividend payout is going to happen soon and it will be HUGE. For the people that are interested in passive income or high yielding tokens with massive growth potential, definitely check out NEXO.