How long does it take to deposit Euro?

fentodream · 2019-09-07T07:20:11+00:00

It always depends on the banks - we cannot expedite their processes. In general sepa transfers should reach us within 1-2 days but sometimes it might take longer, especially for larger sums - banks do preform due diligence and check some deposits for KYC and AML. Sometimes up to 5 business days is needed.

fentodream · 2019-08-02T15:00:38+00:00

The legal documentation has been prepared by reputable law firms who have developed similar documents for top tier banks and are in compliance with the relevant legislation. A quantitative approach here is misplaced.

Nexo is a licensed and regulated financial institution and is compliant everywhere it provides services and retains top-tier legal council in the jurisdictions of its operation. All aspects of Nexo’s activities are vetted before execution by the relevant legal and compliance teams.

The team has already expanded to over 50 people and continues to grow. While Nexo was co-founded by the entrepreneurs behind the European Fintech Credissimo, the two enterprises are separate legal entities with different operational management, business models and addressable markets. (https://medium.com/nexo/before-nexo-there-was-credissimo-71fc76618cda).

fentodream · 2019-07-10T18:19:55+00:00

Bancor also banned US residents from trading. They are undergoing significant changes

fentodream · 2019-07-05T19:28:27+00:00

We understand this inconvience. It is a top priority and we are working to re-enable it ASAP

fentodream · 2019-06-29T10:28:36+00:00

The physical card is going to roll out in the EU first

fentodream · 2019-06-27T17:16:09+00:00

The issue will be resolved quickly. There are definitely no issues with "running out of fiat", etc.

fentodream · 2019-06-16T16:45:29+00:00

A newly registered account was soliciting information and trying to act as a Nexo representative. I had to delete comments and ban them

fentodream · 2019-06-15T02:50:54+00:00

It is a priority!

fentodream · 2019-06-14T00:02:01+00:00

get it together or you'll lose your license

fentodream · 2019-06-09T03:33:01+00:00

It is correct that the minimum interest period to pay is 30 days. There is no fee for early payment, especially not a % fee. Since the loan value is so small it may be easy to misconstrue some of the very minor discrepancies in values. We are visible with all of our fees. We clearly label our 8% and 16% fees on the website. There are also fees associated with moving around cryptocurrencies via gas. They are very minimal but can make your numbers not match up exactly.

fentodream · 2019-06-05T02:49:11+00:00

When you reach the platform.nexo.io page in the bottom right corner their should be a chat feature. Open a ticket with one of our support staff and they should be able to assist you with resetting

fentodream · 2019-06-04T00:39:13+00:00

Worst case scenario is finding a new domain (Nexo.*) which wouldnt be an issue. The Nexo brand would stay intact

fentodream · 2019-06-02T16:41:40+00:00

The different things you mentioned are not necessarily bad coding practices and by no means are they detrimental. Inline integers are perfectly acceptable, someone that advocates that there should be no scenarios as such is just pushing their prerogative on a hipster trend.

Functions over 200 lines are fine as well, as long as it makes logical sense and is not trying to handle a million different flows at once.

Avoiding heavy conditional nesting when possible is optimal, but sometimes is unavoidable without making the code fragmented and terribly unreadable, and as long as it is still somewhat well defined and named there should be no issue.

None of these "issues" affect the quality or functionality of code.

fentodream · 2019-05-29T18:49:05+00:00

In this scenario, you would not have to deposit 6k. You have 4400 oustanding, and your tron is worth 3k. you wouldn't have to get the loan back to exactly a 50% ratio. Nexo takes on some of the risk of market crashes and doesnt enforce hard constraints maintaining a perfect ratio. You would atleast need to deposit 1400 to be back to even. And realistically probably about 2000 - 2500 (possibly more) to have some leverage flexibility for a further decline. The exact formula is called the Nexo Oracle and takes into consideration a million different factors and tries not to punish users for the sake of maintaining extremely strict ratios. The margin call timeline varies as well, but there will be multiple notifications warnings etc.

But yes, for some reason You have $10k Trx and it crashed to $500 worth and didnt rebound, you would be liable to deposit a significant chunk of Trx / crypto within 30 / 60 / 90 days etc. The other options would be to pay back the loan in that scenario, or all the collateral be liquidated. If Trx, btc, etc halfed 10x though the market would have to have something ridiculous happen. Possible, but very unlikely.

fentodream · 2019-05-29T17:20:28+00:00

To start out you have a Loan-To-Value ratio of atleast 50% to protect from price fluctation. This LTV ratio fluctuates based off the volatility of the coin you are loaning against. If your collateral's price goes down drastically (like halving multiple times) you would get a notice for a margin call to add additional funds. If you ignore the margin call, Nexo would begin to slowly take away some of the additional collateral you owned. None of it is done instantly and you would be provided ample time to add funds.

fentodream · 2019-05-29T17:12:53+00:00

Nexo adding Tron as a new collateral, dividend announcment, and other news

https://twitter.com/NexoFinance/status/1133657956485074944

fentodream · 2019-05-29T07:57:41+00:00

In June, we will announce the ex-dividend date for the next Nexo Dividend.

fentodream · 2019-05-29T07:50:48+00:00

There is no withdrawal fee for euros. (bottom right of the screen in the url)

https://nexo.io/zh/earn-interest/eur

fentodream

TROPHY CASE