NEXO Announces $2,409,574.87 Dividend for NEXO Token Holders

Nexo’s Board of Directors have announced that a Nexo Dividend of US$2,409,574.87 will be distributed to NEXO Token Holders on August 15, 2019. This news comes shortly after  Nexo entered into a deal with MasterCard to roll out a co-branded crypto credit card, which is claimed to be the world’s first.

Today a meeting of the Board of Directors of Nexo Capital Inc. convened, where a decision regarding the distribution of a dividend for the financial period December 1, 2018 – June 30, 2019 was approved.

Details of Interim Dividend 

Total Dividends US$2,409,574.87 Dividend per NEXO Token TBA Dividend Declaration August 03, 2019 Ex-Dividend Date August 05, 2019 15:00 UTC Record Date August 05, 2019 15:00 UTC Payment Date August 15, 2019 

Dividend Eligibility 

  • NEXO Tokens are placed in a Nexo Wallet no later than 15:00 UTC on August 5, 2019.
  • The Nexo Wallet holder has passed the ‘Advanced Verification’ compliance level. 
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Nexo Directors also added:

“We are confident that going forward, Nexo’s profitability will continue its upward trajectory. Nexo consistently dominates the crypto lending space and with the addition of the Nexo Card, new assets for both our Instant Crypto Credit Lines™ and for our high-yield ‘Earn Interest’ product, and the acquisition of commercial banking capabilities, Nexo is the only crypto banking account that the blockchain space will ever need.”

In addition to growing dividend payouts, the Nexo Team is said to be working on Utilities 2.0 for the NEXO Token that will bring a plethora of new amazing features, including, but not limited to:

  • Better interest rates on all Nexo products
  • Premium features and functionalities
  • Nexo Card cashback
  • Exclusive Nexo Card designs
  • Affiliate commissions
  • Invite-only access to products and events

NEXO Continues to reward its users and investors. The crypto community is definitely hyped for their new Mastercard co-branded crypto credit card.

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Leigh Williams
Leigh Williams is a fintech, blockchain and cryptocurrency writer

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