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Regulated Digital Asset Platform Nexo Launches $12 Million Token Buyback Program

Mary Liu

Summary: Nexo, a regulated digital asset lending platform, announced the buyback of $12 million worth of NEXO tokens based on an open market principle. This move is designed to reward NEXO holders for their loyalty and enhance the stability of NEXO. The repurchased NEXO tokens will be stored in the Investor Protection Reserve (IPR). The vested ...

Nexo, a regulated digital asset lending platform, announced the buyback of $12 million worth of NEXO tokens based on an open market principle. This move is designed to reward NEXO holders for their loyalty and enhance the stability of NEXO. The repurchased NEXO tokens will be stored in the Investor Protection Reserve (IPR). The vested tokens cannot receive dividends and the vesting period is at least 12 months. As of press time, NEXO has a market value of over $190 million and a return on investment of 246.4%.

By Mary Liu

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