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18 January 2021

Nexo Launches Buyback Program, Commits Initial $12M | Press release Bitcoin News

Nexo Launches Buyback Program, Commits Initial $12M | Press release Bitcoin News


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Nexo, the leading regulated digital financial institution with over $2 billion in assets under management, today announced the details of its buyback program.

The buyback program is yet another step to bolster the NEXO Token’s stability and growth potential, ultimately rewarding token holders for their investment and loyalty.

Elaborating on the buyback’s role within Nexonomics, Trenchev continued: “We have seen demand for the NEXO Token progressively increase, confirming its desirability — its price tripled and over 60% of our clients chose to earn interest in NEXO Tokens over the past month.

Tokens locked into the IPR will not be eligible for dividends, making the program all the more beneficial to loyal NEXO Token holders during future dividend distributions.

Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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