Sunday , May 16 2021

Nexo pays out more than $ 2.4 million in dividends token owners

The crypto loan company, Nexo, paid a total of $ 2,409,574.87 to its token owners. Nexo reported an annualized dividend yield of 12.73%.

Nexo issued a dividend payout statement in a press release on August 16th. According to a press release, Nexo has a customer base of more than 250,000. In addition, Nexo's dividend yield is reportedly higher than that of all dividend-paying stocks listed on the S&P 500 Market Index.

Nexus obviously pays the full dividend in two parts: 50% comes from the Nexus base dividend and the other 50% comes from the Nexus loyalty dividend. Nexo says its model is designed to reward long-term investor confidence and reduce market volatility after dividend payments.

MasterCard Nexus

According to a press release, on August 2, Nexo released a MasterCard credit card for cryptocurrencies. In the announcement, Nexo said its Nexo card was the first in the world to allow users to pay in cryptocurrencies without spending. Nexus elaborated:

"Using a Nexo card to buy goods and services really pays you using your Nexo flexible and open revolving credit line backed by your crypto holdings and therefore does not sell any of them, giving you the freedom to spend today and sell your properties anytime in the future. would repay the loan. "

Payment of dividend by tZERO

Earlier this week, tZERO, a blockchain-based subsidiary of Overstock, announced the opening of the company's preferred equity security tokens to unaccredited investors. This allows non-accredited token owners to earn money with company dividends. According to the announcement, tZERO said it could distribute a quarterly dividend of 10% of the company’s adjusted gross income. In addition, the company said it is considering paying dividends in more than just US dollars, with possible payment methods through Bitcoin (BTC), Ether (ETH) and other securities.

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