The Nexo challenge

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Nexo challenge.png

Hello everyone! I've been wanting to make a post on CTPTalks for sometime now but has always I've been procrastinating on it but the recent increase on Hive prices gave me the motivation I needed to start posting on Hive and all cousin platforms once again. My editing skill are not what they used to be but I'm I'll relearn them quickly by posting consistently.

Brief explanation about Nexo

Recently I've been seeing a lot of people posting about Nexo on noise.cash so I decided to download the app and do some research on it to see if they were trust worthy enough to hold my precious crypto.
They're a crypto lending platform based in Switzerland that offers their costumers a interests everyday for holding their cryptocurrencies. They obtain said interests by providing other costumers loans against their crypto at a slightly higher rate. This is basically the banks bread and butter but now there are some platform applying the "same" principles but for crypto.

I used "same" because there's a big shortcoming about their loaning programs, they are only willing to lend a fraction of what you hold in crypto on their platform, for example if you hold $73 they only let you ask for a $30 loan. This way they can guaranty that their clients will never default on their loans even if the prices of crypto suddenly fall.
It's a safe business model but very restrictive. Either way after learning a little bit more about them I decided to deposit some crypto and convert some into Nexo token to jump right ahead to the platinum membership (Holding at leat 10% of the portfolio in Nexo).

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Being Platinum already will give me some amazing interest rates on my crypto and I will be choosing to earn everything in Nexo for those 2% extra, I can latter exchange Nexo for any other crypto from within the app if there's other token I prefer to hold for the long term. Either way I will be trying to keep my Nexo balance superior to 10% of the portfolio.

The NEXO Challenge

I'm a top notch procrastinator so if I want to accomplish something in a timely manner on my own I have to set objectives and deadlines for my "projects" so I decided to start this fun new challenge. I want to try and fund my Nexo account to $1000 dollars total using only free crypto until the end of June.
I already have $73 in there and another $110 on my Betfury account that I'm just waiting to grow a little bit more to justify the withdraw fee.
I have 131 days left to raise $817 to accomplish this goal. So I would have to make $6,24 everyday but since Nexo will be paying me interests everyday from now until then some of that money will come from doing absolutely nothing!

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Wish me luck! It will be a hard one to accomplish, I will try not to convert any hive in order to succeed but I will likely need to since it is one of my most lucrative free earnings online. As always if you're interested in earnings some satoshis here and there online for free click the banner bellow and check out my free website. (Wroking on a new payed one)

PS: Does anyone know how to align an image to the left and write text to the right of it? If you know please drop the code in the comment section please, tried googling it but found no working way of making it.



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15 comments
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I started using Nexo a while back and send all my BCH from noise.cash directly there. Unfortunately as a US citizen I can't take advantage of the extra 2% interest and earn more Nexo. I just dropped to gold level because I added some other assests and dropped below the 10% Nexo platinum level. Will have to add some more Nexo somehow as buying it on site seems to have some pretty high fees.

I use this for pictures side by side but it might work for text/picture.

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On their app exchange there are no fees.

Posted Using LeoFinance Beta

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The app doesn't appear to have Nexo as a receiving option on my phone and if I try to buy using BTC with Changelly I get this.

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I guess it is Changelly charging a fee. Maybe there is another way? or I just need to obtain the Nexo else where and transfer it in. :)

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Land of the Free.

Posted Using LeoFinance Beta

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One of the few times I see Europe having any financial advantages over the US... Makes sense since Nexo is from Europe

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I will try using it on my next post thank you! I think it might work.
I didn't know US citizens couldn't take advantage of that, but you could at least opt to earn all interests on Nexo token right? At least that way you could slowly earn dividends until you reach the 10% again

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Cool! I hope it works out for you. :)

I can only earn interest on each individual assest to its self. When I try to switch to Nexo I get this.
pnf1.PNG
Makes me wonder if I will get dividends in Nexo. I might try talking to support but overall no worries though it is good for collecting the BCH from noise.cash and 5-6% interest is good. :)

Posted Using LeoFinance Beta

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Congrats ,you were upvoted from this account because you were in Top 25 engagers yesterday on CTPTalk .
You made a total of 1 comments and talked to 1 different authors .
For more details about this project please read here - link to announcement post
You can also delegate and get weekly payouts.

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Do want to see you reach that goal!! @oldmans was quicker than me with the answer, I use that line of code as well; try it out!

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Thank you! I will try that on my next post. I lost most of the editing skills over the years.

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Congratulations @myfreebtc! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 40000 upvotes.
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Do you have a ref link?

Posted Using LeoFinance Beta

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(Edited)

Not a typical referral there isn't any crypto rewards for me or for you only thing I gain is earlier access to their card for every person I referrer they bump me up on the waiting list.
https://nexo.io/nexo-card?referral=eVy2K48&refSource=copy

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Ah sorry read up on it and saw this as well and created a account since I thought you wouldn't get anything for signin me up

Posted Using LeoFinance Beta

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