![]() ![]() Ultimately its up to you and your risk tolerance.ītc/eth/more nexo have more upside potential, but are not guaranteed to be profitable.NEXO is currently in first place among the top 100 Tokens. You can also get btc or eth - and get the 6% (or 8% as nexo - but that doesn't make sense in this scenario, as nexo is already speculative, and that extra 4% from stable coin interest gives you far more upside potential than the 8% from btc/eth. You could do really well - or lose money this way. You can (not in the US) get 12% interest on the borrowed stable coins as nexo tokens. ![]() That's the simplest way to a guaranteed profit. Call it 25% tax on the 4% to get a net gain of 3%‰. It's pretty close to 4% of the loan value - minus your tax bracket as that's taxable income. But if done this way in the US, the loan cost can be written off as a deduction. The stable coins will make you 10% interest in kind. Is there a way to access their value and make money with it - while keeping your tokens? You bet! And even if you use them as collateral, they're still eligible for the dividend =D So there's really no downside to this.Īssuming your at platinum level, and have enough nexo tokens to take a stable coin loan (or - in the current situation - take a fiat loan, convert it to stable coins, and get it back to nexo as stable coins) - and you'll have a "profitable" loan. Like your nexo tokens that don't earn interest. The last time nexo released a statement on loan amounts, it was about 15x what nexo statistics had been able to track for stable coin loans. But expect there to be more un(publicly) tracked fiat loans for the next month. I expect those to slow down with the new $5000 limit on stable coin loans. Note - that's only stable coin loans (tracked wallet on the blockchain) - fiat loans are not included. Check out and feel free to make your own determination on how profits will look >_< The second is that it's based on nexo's profits.Īnd. But it makes the "per eligible token" dividend higher. With the token price up, it'll be fewer tokens taken out of the eligibility pool than when the price was lower. Much much bigger than last year's.Ģ reasons: token buyback ($12 million worth of nexo - some of those tokens were bought when they were still under $1) will be dividend ineligible. I'd still bet on nexo being better for most people but I expect there are some exceptions. Nexo needs to do more marketing and training on utilizing the platform as a wealth building tool - savings/investment hybrid with tax benefits even Roths can't touch.Įarly retirement tax benefits Roths can't compete with. I'm somewhere between 80-90% nexo right now - and it's not enough for my situation (stock grants from work that vest in a few years that I want to get into nexo as mostly stable coins to have a reliable passive income). But the pure numbers on the interest rates will drive more people to desire platinum status. The anti-loan people don't understand the tax benefits (if that's applicable to them where they live) - and have a lower class "all debt is bad" mentality that needs to change to one where leveraging becomes part of their vocabulary. The people that don't want platinum don't understand the power of the platform. It's not hard to see things working out this way. Available to poor Americans, not just the wealth here) - making it easier to obtain, and the fiat interest beating out the banks by over 9.8%…. I don't like the hard numbers - anything is possible.īut with the banking licenses being secured, the card becoming widely released - and the hints that nexo will be publicly listed (i.e. That also makes me think that the buy back programs will become more agressive, as NEXO the company runs out of tokens to sell to users moving their savings to the NEXO platform.Īm I crazy to think that this token could reach 200/300 USD? (and before you rain down on me like mad men, who ever thought BNB could reach $300, when it was trading at 0.10 cents in 2017?) Basically, NEXO can become a real scarce asset if the NEXO platform grows as much as they're planning to grow. How much would 1 billion USD in token volume push the token price? And that is just real utility token purchases on top of that we can add market interest for the token for the usual speculation or short to mid term trading investment. If NEXO captures 10 billion USD in savings, users would need to buy 1 billion worth of USD in Nexo tokens. So you need to have 10% of your holdings in NEXO to get max return on your Savings wallet. I'm no math genius, but bear with me for a sec. ![]()
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