Is there any comparison available of NEXO vs. CELSIUS? From the looks, it looks like Celsius is better than Nexo for the purpose of providing loans, only undervalued.
Any comments or suggestions on this?
Are you talking of service or token? Celcius token is absolute shit, its never going to go up , it has no reason, no utility nothing, its a pure garbage. In contrast NEXO token, is just a turd... Both tokens are shitcoins, maybe nexo slightly less shitcoin, but still stinks as hell.
If you are talking about getting a loan.
1)NEXO - minimum 500 USD, maximum 2M, no waiting que, loan deliverd from 30 min upto 1 day, interest 8% .
While
1) Celcius - minimum loan 10k, you have to wait, interest is variable from 5% (30%LTV) to 12% (50% LTV).
Celcius has much worse token, but a cool community and great manangement, in contrast NEXO has banned half of the people, most of investors sincerelly hate nexo, nexo management shits on the investors.
In terms of loans, NEXO provides easy loans, while Celcius has a waiting list, and very high minimal requirements.
Other things to consider - celcius pays interest on your crypto weekly, NEXO pays daily only on stable coins.
In. terms of toke. comparison - NEXO has very limited utility, and dividends are not guaranteed on the token as per terms and conditions. So as of know the only utility of nexo is reduction of interest rate from 16% to 8% (if you pay the interest with nexo tokens). In contrast Celcius, has more utility, yet its still bad coin.
I wouldnt recomend buying Celcius or NEXO - both are bad.
Is there any comparison available of NEXO vs. CELSIUS? From the looks, it looks like Celsius is better than Nexo for the purpose of providing loans, only undervalued.
Any comments or suggestions on this?
I do cincerelly hate nexo. I do hate it. Cant sell tokens as NEXO doesnt allow loan repayment with NEXO tokens, otherwise would have sold my stack long time ago. They promise a lot and deliver nothing.
Also, tried Celcius, didnt get a loan, but send some coins to get weekly interest - seems nice. Well, have no negative feelings towards Celcius, like the company, but would never buy CEL tokens.
NEXO censors community, doesnt answer questions, does shady stuff. I would not recomend holding large sums with them. For example, they had 30% LTV on nexo token loans, then out of nowhere reduced it to 15% trapping everyone who took loans using nexo coin. And they dont allow loan repayment with nexo shitcoin. So if you put 90k USD worth of nexo, and took 30k USD loan, suddenly you need to add another 110k USD worth of NEXO just to be on 15% LTV.
God how much I hate NEXO.