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FEBRUARY 24, 2018

Cryptocue ICO Overview: NEXO (CRNC)


The World’s First Instant Crypto Overdrafts

This project develops a platform that allows users to retain 100% ownership -of
their digital assets, while having immediate access to cash through the use of
Instant Crypto Overdrafts, solving one of the crucial inefficiencies of the crypto-
world. This service will provide consumers with the opportunity to enjoy their
cryptography without the need to sell it and without the presence of hidden fees,
taxes on capital gains or credit verification.

Overview

Name: Nexo
Project Type: Finance Services
Project Description: Continuing on the technological frontier, Credissimo is
promoting the first overdrafts of instant encryption in the world.
Token Symbol: NEXO
Website: https://nexo.io/
White paper: https://nexo.io/assets/downloads/Nexo-Whitepaper.pdf
Presale or whitelist: https://nexo.io/whitelist
Presale Date: Feb-2018 (whitelisting for Public Presale starts on 21-Feb-2018)
Main Sale Date: April 2018
Company: Credissimo
Industry: Banking
ICO Details

Public ICO Launch: March 2018


Presale Bonus: 25% bonus over ICO price (Private Presale)
KYC: Yes
Token Type: ERC20
Token Distribution:

Token
Distribution
NEXO

70% Investors
15% Founders/Team
8% Community Building and Airdrop
7%Advisors, Legal and PR

Token Supply: 750,000,000


Hard Cap: $50,000,000 USD
Pair Value: $0.10 USD
Accepted payments: ETH, BTC
Presale Min. Contribution: $5,000 USD
NEXO Private Presale Min. Contribution: $30,000 USD
Token role: The Overdraft Asset portfolio backs NEXO tokens and you receive
dividends from NEXO's earnings while maintaining NEXO tokens. NEXO tokens
can also be used to make Overdraft reimbursements at a discount on interest,
as well as to increase your overdraft limit.
Dividends: 30% of Net Profits
SWOT Analysis

Strengths

• Credissimo, the company behind NEXO, is the market leader in the online
consumer loan segment of several European countries, and meets the highest
regulatory requirements and is strictly supervised by multiple European banking
and financial services regulators.
• Kosta Kantchev (co-founder) is so involved with clients that he answers each
and every one of the questions in the Telegram groups, providing important
details when answering.
• Easy to use (the whole process is completed by just a few simple clicks).
• No hidden fees, no capital gain taxes and no credit checks.
• Tokens are SEC-compliant.
• Strong Token utility features.

Opportunities

• The only alternative for holders of digital assets was to sell their crypto wealth.
On the other hand, crypto-users craved a service like the one they propose.
• Currently, the settlement process in the crypto world is extremely slow.
• Problems to transform crypto into cash and comply with all regulations.

Weakness

• The interest rates for NEXO Crypto Overdrafts are below the standard interest
rates on credit cards, but it is still high when it comes to loans.

Threats

• Smart contracts will be established in the long term, therefore, in the medium
term, the platform will not be as efficient and secure as it could be.
• If the prices of the Crypto that support the loans fall, the users will have to
increase the amount of these, increasing their possible losses.
Technology/Innovation

Nexo Oracle

Regarding the technological model, NEXO Oracle is the main part of the
platform, it is an automated system that helps to maintain and monitor the
company's business processes, as well as having the following functionalities:

WALLET MAINTENANCE
Placement
DATA ANALYTICS
Hedging positions
Big Data Analysis
Release
Self-regulating algorithms
Maintenance of overdraft safety levels
Prediction modeling
Increase of overdraft limits
Liquidation

6 1

REAL-TIME AUTOMATED NOTIFICATIONS


ASSET MONITORING Repayment reminders
Multipe (6+) exchanges
Digital Asset Marketplaces
5 2 Reached minimum Wallet balance
Liquidation warnings
Administrative notifications

4 3

FUNDS DISTRIBUTION REPAYMENT ANALYTICS


Overdraft setup Interest repayment
Wallet withdrawals Overdraft repayment
Dividend to token holders Delays and defaults

Smart Contracts

The smart contract used by NEXO will record the current outstanding balances
of the customer's Overdraft wallet. Interest will be accumulated on the Overdraft
balances used. Once customers reimburse their overdrafts or use more than their
available limits, NEXO will credit or debit the balance and register the updated
one in the chain block.
Smart Contracts

1 2 3

The Client transfers crypto assets to The Nexo Oracle operates Once any of the code-prewritten
his Overdraft Wallet according to the autonomously and constantly checks conditions of the Overdraft Contract
Contract, which pre-written logic various data points. are satisfied, the code triggers an
based on computer code. automated action.
The predefined conditions written on
Overdraft Contracts are stored and the Overdraft Contract are constant- Upon appreciation of the value of
replicated on the Blockchain, which ly evaluated by the Nexo Oracle the Client’s crypto assets and after
makes them immutable and through external data sources. each Overdraft repayment, the Nexo
verifiable. Oracle self-executes and the
The value of the Client’s crypto Overdraft limits are automatically
The Client’s crypto assets are assets is determinated in real-time increased.
securely stored and can be unlocked on multiple exchanges in order to
by Nexo only if the Client fails to minimize risks for both parties.
repay the Overdraft.

Client Path to Crypto Overdraft


The process by which users obtain their instant cryptographic overdraft is simple
and can be divided into a few simple steps:

1. Transfer Crypto to
Overdraft Wallet

2. Receive Instant
Overdraft

CLIENTS

3. Repay Overdraft

4. Withdraw Crypto
from Overdraft Wallet
Products and Services

Bank Transfer

Nexo will allow users to receive their instant encrypted overdraft the same day
or the following day by bank transfer through SWIFTs, SEPAs or ACHs to their
personal or commercial bank account.

Nexo Credit Card


What Problems does it Solve and How?

Idle Value of Digital Assets


Nowadays, digital and cryptographic assets are worth billions of dollars, however,
it is difficult for the investor to use these resources on a daily basis due to large
regulatory and infrastructure barriers, which has brought a huge liquidity prob-
lem. NEXO solves this problem by providing users with an instant overdraft in fiat
currency (EUR, USD, etc.) by transferring encrypted assets to the Overdraft
Wallet; and thus unlocking the value of digital assets.

Slow Liquidation Process


The liquidation of digital assets is one of the slowest processes in the crypto
currency network; this operation can take from a few days to a couple of months
for its completion. This platform allows users to access cash conveniently and
instantly and anywhere in the world, through bank transfers, crypto currency or
the NEXO credit card.

Loss of Ownership
Currently, the sale of crypto currencies is the only option that investors have to
obtain benefits, losing the potential gain that the currency may have in the
future; With the proposed solution, NEXO authorizes clients to retain 100%
ownership of their digital assets, maintaining the potential capital gain.

Cost and Tax Efficient


Due to the fact that there is no movement of assets within an exchange, the user
will not have to pay any platform, transaction or withdrawal fees, which are often
high; In addition, there is no sale event, therefore, there are no taxes to be paid.

No Credit Checks
Access to unsecured financing requires lengthy credit reviews and often results
in a lower personal credit score and higher interest rates on the client's loans;
NEXO's overdraft eliminates the need for rigorous credit controls that could lead
to credit score deterioration.

Lack of Trust and Transparency


Overdraft contracts in the block chain make the ownership and transaction of
digital assets safer and more transparent, when in many cases, movements
involving these assets in P2P agreements lack security and transparency.
Road Map | Future Work

Q1 2018 February: 1st Airdrop campaign


March: Finalize Token Pre-Sale

Q2 2018 April: Launch Instant Crypto Overdrafts in


USD Secured by BTC and ETH
April: Finalize Main Token Sale
May: Start M&A Process of Acquiring a
FDIC-insured Danking Institution
June: EUR Currency support
July: Launch Nexo Credit Card

Q3 2018 Additional Altcoins / Tokenized assets Support


JPY Support
KYC/AML Automation
Launch Nexo Mobile Wallet
Launch Affiliate Program & Tell a Friend
Program

Q4 2018 Increase Maximum Overdraft Limits


Second Nexo Airdrop campaign

Q1 2019 Finalize Acquisition of the FDIC-insured Bank-


ing Institution
Launch Deposit Accounts

Q2 2019 Enterprise API


Installment Loans
Increase Maximum Overdraft Limits
Team Overview
Kosta Kantchev | Managing Partner
Krantchev is co-founder of Credissimo and the visionary
responsible for the successful 10-year history of the entire
European group FinTech Group. One of the first to adopt
bitcoin, he quickly realized the potential of block chain technol-
ogy, which led him to develop in Credissimo one of the first
systems to allow repayments of loans in crypto currencies
around the world.

Georgi Shulev | Managing Partner


Shulev has experience in banking and has gained considerable
experience in fields such as mergers, acquisitions and financial
analysis in institutions such as Unicredit Bank Austria, Lehman
Brothers and the European Investment Bank. Overseeing the
commercial development and international expansion of Cred-
issimo has further consolidated its experience in FinTech.

Antoni Trenchev| Managing Partner


Trenchev has been an enthusiast of cryptography since 2011.
As a member of Parliament and a strong believer in the decen-
tralized approach, he defended and fiercely passed legislation
on block chain solutions in a variety of electronic government
services, especially electronic voting. He has been involved in
the development of e-commerce platforms and has been Direc-
tor of Innovations at Credissimo.

Vasil Petrov | CTO


!
Petrov is an innovator and entrepreneur of block chain technol-
ogy. He has more than 16 years of experience in systems
administration, back-end development and architecture of
high-load and full-cycle projects. His achievements so far have
culminated
! in the co-founding and being the CTO of a
multi-channel Internet and video service provider in the United
States and distributor of interactive services for more than
150,000 customers.

Kalin Metodiev | Corporate Finance


Metodiev is an investment banker with more than 20 years of
experience in corporate finance, securities issuance, mergers
and acquisitions, private equity and executive management for
leading financial institutions in the United States and Europe.
His professional approach has always been directed towards
the growth of the company and the maximization of the wealth
of the investors. Metodiev's extensive track record covers a
wide range of transactions exceeding one billion.
Kamen Trendafilov| Finance Director
Trendafilov has a vast and diverse background in the financial
sector, gained through his extensive experience working for
Ernst & Young, KPMG and Price Waterhouse Coopers. As CFO
of Credissimo, his knowledge and experience have helped the
company become a leading European FinTech group.

Bilyana Christova| Marketing


Christova has been a Digital Marketing Manager in the financial
and technology industries for more than a decade, and has been
Credissimo's Marketing Director. She has an inclination for the
development of digital strategies; marketing management and
results oriented marketing. Christova has numerous awards,
including one for the exceptional development of brand strate-
gies and digital marketing campaigns.

Plamen Todorov| Blockchain Developer


Todorov is an exceptionally talented software architect with
more than 15 years of experience, building software solutions
from scratch. It has a practical focus on the development of
complex platforms and cloud-based solutions. Todorov has
changed its attention to blockchain technology in early 2012.

Teodora Atanasova| Business Development


Atanasova is a block chain advocate with extensive experience
for both the legal and the investor side of the cryptographic
world. Involved in FinTech fresh out of college, she has been a
driving force in the Business Development of Credissimo, a
company that served more than 1 million clients across Europe
and issued loans for more than $ 120 million.

Joro Yordanov| Product Designer


Yordanov is a graduate system developer and interactive
designer for over 12 years, solved various design problems and
launched fully functional web products. His work has resulted in
award-winning campaigns for brands such as Samsung, Heinek-
en and Telenor Group. Yordanov shares his knowledge and
experience in Technological School Electronic Systems.
Competitors
Conclusions and Considerations

NEXO is undoubtedly a revolutionary platform that will transform the cryp-


tographic world, allowing for easier liquidity and reducing the opportunity cost of
selling the crypto currency when users need a fiduciary currency; they are cover-
ing a huge need in the industry that users longed to solve. On the other hand,
NEXO has a competitive advantage over its nearest competitor, ETHlend is
building a decentralized application that only allows loans with ECR20 token,
which is not as flexible as NEXO, where it can receive fiduciary currency, and also
charge platform fees, (something that does not happens in NEXO). When
comparing this system with Salt, one of the main advantages is that, because this
platform works by matching the borrower with the lender, the process can last
days or even weeks, when in NEXO this happens instantaneously. This platform
also offers more flexibility than Salt, since in its system users can only pay with
fiduciary currency; in NEXO they can also use tokens to pay loans.

The short-term investments in NEXO seem very feasible, the project has gained
propaganda during the last days and the team will launch an Overdraft product
live in April, just after the mass sale ends, this will probably increase the price, and
the user who sells his token will probably get high performance.
For long-term investments it is a solid option, it is a project, as mentioned above,
that solves a great need in the industry, and that is providing a useful token,
therefore, the demand will always be high, so The preservation of the token for
the future will end up being very lucrative.

Useful Links
Whitepaper: https://nexo.io/assets/downloads/Nexo-Whitepaper.pdf
Telegram: https://t.me/nexofinance
Webpage: https://nexo.io
Twitter: https://twitter.com/NexoFinance
Facebook: https://www.facebook.com/nexofinance
Medium:https://medium.com/nexo/nexobank-get-instant-loans-se-
cured-by-digital-assets-2d04c75d25ac
Reddit: https://www.reddit.com/r/nexofinance/

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