NEXO Token Marks 440% Growth in First Nexonomics Phase : vim

NEXO Token Marks 440% Growth in First Nexonomics Phase


NEXO Token Marks 440% Growth in First Nexonomics Phase
Nexo records $4B+ in AUM as new clients bring $762.6M to the platform in December alone
Nexo, the leading financial institution for digital assets, today announced the interim results of its tokenomics overhaul, Nexonomics. The initiative, unveiled on October 28, 2020 and set to continue over 2021, comprised a series of features for the native NEXO Token designed to drive its utility, boost its value in the digital economy, and underpin its sustainable tokenomics model.
Within two months of Nexonomics' launch, the NEXO Token marked growth of 440% to achieve a new all-time high of $0.76. Increased desirability and demand for the company's token contributed to Nexo doubling its assets under management in the third quarter of 2020, to reach $4 billion in assets under management and over $5 billion processed.

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