Saturday , June 10 2023

Nexo pays dividends of more than $ 2.4 million to token holders


Crypto loan firm Nexo has paid a total of $ 2,409,574.87 in dividends to its token holders. Reportedly, Nexo receives a dividend yield of 12.73% annually.

Nexo announced in a press release on December 16 that it would complete its dividend payment. According to the press release, Nexo's user base is more than 250,000. In addition, the dividend yield of Nexo is assumed to be greater than all the shares that pay dividends listed on the S&P 500 market index.

Nexus apparently pays its total dividend in two parts:% 2% comes from Nexus Base Dividend and the other 2% comes from Nexus Loyalty Dividend. Nexo says its model is designed to reward long-term investor confidence and reduce market volatility following dividend payments.

MasterCard Nexus

As noted in the press release, Nexo released MasterCard credit card for crypto on August 2. In its announcement, Nexo said its Nexo card was the first in the world to allow users to pay without spending on cryptocurrency. Nexus Detail:

"By using Nexo Cards to buy goods and services, you actually pay for your Nexo using a flexible and open-ended credit line that is backed by your crypto holdings and therefore does not sell any of them, which gives you independence. Spend today at any time in the future to pay and sell their perception. "

Payment of dividends by TZERO

Earlier this week, Tzero announced the opening of the company's preferred capital security tokens to undocumented investors, a subsidiary of blockchain-based Overstreet retailers. This allows non-accredited token holders to earn money through company dividends. According to the announcement, Tzero said it could distribute a quarterly dividend of 10% of the company's adjusted gross revenue. In addition, the company said it plans to pay dividends in excess of just US dollars, giving tokens of possible forms of payment through Bitcoin (BTC), Ether (ETH) and other securities.

Stop reading:

Source link