/biz/ - Business & Finance

>>9206955
Take me to jupiter

Bump. Bizniggers will only fomo in after it’s 2x’d.

>>9206955
What is this?

Is this for real or a shit coin?
the caps small and the price is small

if i use myether wallet whats the minimum amount i can buy

>>9207659
seems legit imho bought some today

>>9206955
not the first sec approved security token brainlet
no exhcan ge will list this faggit
>inb4 tzero
not happening faggit theyre being sued

>>9207705
Horrific pajeet fud spelling aside, you gotta post proof, homo.

>>9207671


>>9207705
By who ?

>>9207686
agi was anouther one that I found that I thought was legit.

If only I had some more cash, I only have a bit of banyan. Sweating over here watching all of these

>>9206955
>One of the big holes in NEXO's marketing language is the SEC compliance claim. What the claim ‘SEC compliant’ actually means for NEXO, Trenchev explains, is that the ICO will only accept participants from the USA if, “they are ‘accredited investors,’ according to Regulation D of Section 506(c).” Taking a closer look at the definition of accredited investor as described in the SEC section referred to, narrows the field considerably. What it boils down to is that investors must own assets with a value of at least $1 million or have earned at least $200,000 in each of the last two years with a reasonable expectation of the same income over the current year. Needless to say, this would not describe most potential NEXO users.

What's more, the NEXO ICO cannot be marketed or promoted in any way within the territory of the USA. In a nutshell, NEXO does not seem to be particularly unique in terms of its SEC-compliance. There are other ICOs that claim their tokens are ‘backed’ by physical or Fiat assets or that users will benefit from something akin to dividend payments.

Another potentially concerning claim made in the NEXO whitepaper is the milestones graphic representing the group’s "10 years of Fintech success". It proudly announces that the 2014 Credissimo IPO with having "successfully listed 2.5 million shares on public markets". What they do not mention is that, in 2015, the company’s shares were subsequently delisted from the Bulgarian Stock Exchange. That the shares were successfully listed in 2014 (albeit on a very minor stock exchange) is true, but the IPO was ultimately a failure. That this is presented as milestone in the whitepaper for the ICO is a red flag.
btw they have lied about multiple other things as well. The only redeeming quality this token may have is that it pays dividends, which will really only matter if they gain adoption... which... given the shady as fuck characteristics they embody, I doubt they will ever do.

>>9207742
Where do you learn how to understand that?

wtf are you talking about.

>>9207742
Thanks just sold 100k

>>9206955
bought in yesterday, I hope biz and my senses are right. thanks for your help everyone, we are all gonna make it <3

>>9207729
you cant fucking google it yourself?
https://scott-scott.com/case/overstock-com-inc/

>>9207735
my condecending remark to >>9207729 does not apply to you
here is link https://scott-scott.com/case/overstock-com-inc/
cheers

>>9206955
JNT eternally btfo

>>9207742
this
someone post a pic of the founders at the poolparty
shady broscam
gl with your shitbags you retards
>>9207799
lmao

>>9207742
>>muh ICO
Well done you googled the only FUD article there is about it, which isn't even relevant anymore since it's main gripe is about which US residents were allowed to invest in the ICO.

so buy or what

>>9207865
Yes but do it the biz way and wait til it’s 200% up to fomo in.

>>9207857
parent company delisted from stock exchange for fraud isn't relevant to you?

>>9207820
These lawsuits just come out when stock prices drop hard you're a moron, tzero will be first approved

>>9207742
>What it boils down to is that investors must own assets with a value of at least $1 million or have earned at least $200,000 in each of the last two years with a reasonable expectation of the same income over the current year.

What the fuck? So your normal guy can't invest in securities or what? Holy shit good job mutts

>>9207906
did you even read the lawsuit?
the ico was illegal retard
tezro wont be first

>>9208031
LOL doesn't even mention why just says it's illegal then talks about percent bitcoin gains??? You're too stupid to help

>>9207892
It's hard to find the finer details about that, but honestly whatever the reason it doesn't seem to have affected Credissimo much. They were nominated for the European FinTech Awards 'European Innovator 2017' and won several others that year.

>In June 2017, the company was awarded by the Bulgarian consumers as the “Favorite financial institution” and “Favorite brand” in the only consumer ranking in Bulgaria – “Favorite brands”

>In June 2017 again, the company won the seventh edition of the “Greenest Companies in Bulgaria 2017” getting the first prize in the category “Financial, banking, accounting and legal services”, as well as the special prize in the competition – “Paperless office”

>In July, at the B2B Media Annual Awards, Credissimo received the most prestigious “Innovation of the Year” award, as well as two first awards in the “Technology Innovation” and the “Innovation in Marketing and PR” categories – all three being a recognition for SIMO – the automated chat service of the company

>The mobile application for iOS and Android was awarded in the biggest Bulgarian technology web portal kaldata.bg for the most popular, most downloaded and user friendly mobile app in Bulgaria

>The company was awarded the Business Lady Magazine’s “Innovation in Credit and Online Access to Financial Services” award

>In February 2018 the company won 2 Forbes Business Awards in ''Financial Sector Innovations'' and ''Quality of Services''

>>9208031
>the ico was illegal retard

>>9207941
>>9207857
What you jabronis are not understanding is that they are referring to the ICO when they call themselves the "first SEC compliant token", nothing else. Every token is SEC compliant if that's what you're talking about. They are intentionally trying to mislead people.

Also, that's not the only article that shits on them, you should try doing your OWN research instead of just Googling the text blocks I spoon feed you, you fucking brainlets.

Actually, nevermind. Invest in this. I want you to lose your money, I really do.

>>9208161
>they are referring to the ICO when they call themselves the "first SEC compliant token", nothing else. Every token is SEC compliant if that's what you're talking about
You're a fucking retard. Learn what a security token is and how it differentiates itself from a utility token. NEXO is the first SEC-approved security token.
https://www.sec.gov/cgi-bin/browse-edgar?company=Nexo+Capital+Inc&match=contains&action=getcompany

>>9206955
Unironically all in

>>9208216
Did you even read what you posted? It literally is just forms for the 506c that I already talked about. Even funnier is they are using a shell company based out of the Cayman Islands so they can launder the money they get from the ICO.

I'm done trying to help you children, enjoy your bags!

>>9207941
correct. not having a $1m net worth indicates that you're not intelligent enough to be trusted with your own money so the government protects you from yourself by making it illegal.

>>9208279
Cayman Islands is the perfect tax haven, Rakesh. That's where the big boys play. They're doing everything the right way and they're leading the pack when it comes to approved security tokens.

>>9207821
not even, in fact gives it more legitimacy. expect a blockchain financial institution for each major part of the world and they'll rise to a similar name like the big four.

>>9207705

>>9208279
check where binance is registered idiot damn this thread is full of niggers

>>9206955
These loan platform coins are good in theory, but the interest rates are so ridiculously high that no one in their right mind is going to go for it.

For example, Nexo offers loans with 16% APR. No thanks.

Last Price 24hr H 24hr L 24hr Change
0.000289 0.00059850 0.0001976 -0.34482759%
24hr Volume: 19963429.549410034693388376 NEXO / 4892.425276288561175009 ETH

is this good ?

>>9208808
A lot of dumb niggers will come flooding to it just like they do with any loan shark once they realise they can get instant crypto-backed loans.

>First SEC-approved security token
Funny RLX also claims this.

yea but look at this team

why not

>>9208953
Do they have any filings on sec.gov?

https://www.americanbanker.com/news/crypto-lending-may-be-risky-but-these-firms-say-theyve-solved-the-riddle?brief=00000158-07c7-d3f4-a9f9-37df9bc10000

of course

>>9208953
PAX claims they were the first to even file for it, and are still waiting for the SEC to process it. Smells fishy to me that anyone else claims to be approved.

Due to maintenance, this action has been temporarily disabled, try again soon

why does this message come up on idex

>>9209181
The site is cloggy because it’s not used to this volume. You have to just keep trying until it works.

>>9209210
blessings to you

should i wait for the circle thing to go away or just start a new session (click refresh)

>>9209137
One of the advisors to NEXO is the CEO of Polymath, who claims the coined the term "security coin" 2 years ago

>>9209240
*they

this is one of those coins that in order to continue trading you will have to pay 1 million in trading fees

sounds good but if .gov wants to he can very easily shut it down

>>9209233
Just try a combination of waiting/refreshing until it eventually goes through.

NEXO > SALT

yes or no?

>>9209337
Well look at the OP pic, what do you think?

FUCK THIS IM OUT

TRASH CANT LAUNCH WITH PLASTIC

ANOTHER MONACO

>>9209350
already bought in because it seems to be better. but duno about the fud of the team and this sec shit

>>9209034
I asked, and was given this

"That form is the notarized CIF registration form, kinda like the intermediary between SEC and FINRA
On the way to crowdsourcing funding"

>>9209350
when something this important is missing with all that blah blah partnerships

dumpeet

how could you not have visa or mc at launch. idiots drop the ball and i spotted it

its not bitcoin going into the card and their shit is "coming soon" prove me wrong idiots

>>9209401
It’s SALT + Monaco on steroids you retard. Are you drunk? Your posts are ranging from fomo to fud

>>9209430
Lmao.

>>9209448
every dud is promoting visa or MC and they cant fulfill

how will nexo be different. their crypto->credit system as well as partnerships mandate they should have a card at launch. rather than "coming soon"

https://nexo.io?u=5ae9f16fedd3c349e7521243

>>9209453
?

>>9209548
bitconnect

>>9209506
Ok well I don’t really know/care about the credit card, it’s just one aspect of a multitude on the nexo platform.

>>9209548
Doesn't look like they've secured anything.

im about to fud this shit hard

sec approved baby

moon mission

>>9210235
Oh I see you’ve changed your tune again

>>9207742
thanks for the fud. bought another 5k

>>9210319
for fks sake i cant remember where i found this ico a while ago. im so good its on my page i just didnt realize it . PLEASE TELL ME WHAT DID THIS COIN GO FOR WHEN FIRST RELEASED TY ANON

i told all my friends and family .....FEB 22

how much did it go for on launch ?

did i make an ass out myself ?

>>9206955
>muh moon mission
>muh $200 million market cap only listed on idex
>muh 16% APR loans
>muh team comprised of 30% shitskin slavs

>>9210539
market cap 100M now right?

>>9210592
https://coinmarketcap.com/currencies/nexo/
1 billion coins at 20 cents a piece

>>9210608
1b is total supply, circulating is 500m

>>9210608
circulating supply is 525m

>>9210592
~95-96m, give or take

>>9210539
>muh 16% rates
Less than average credit card rates for instant, no-fee, taxless, flexible crypto-backed loans where the customer gets to keep their crypto while securing their loan and can pay back in USD, EUR, BTC, ETH or NEXO.

>>9210608
retard

>>9210608
what a fucking idiot

>>9210765
Nobody is sell or buying shit Idex is fucked

ok /biz/ i thought it was a shitcoin but then i did a bit of DD
by my calculations Nexo needs to have an average of $90M in loans active at any given time, for the whole year, in order to pay 5% dividends at the current market cap
Do they have the backing, marketing, partnerships etc to achieve this? If so, the coin is undervalued

lmao can't even spell "dividends" right

Marketing as 'SEC-approved" token is a big no no from the SEC, considering shit is just a Regulation D exemption (not actually registered security). Marketing that kind of shit like that will be shutdown/subpoena'd quick

There are plenty of Reg D 506(c) offerings, just look at EpigenCare. You could even legally invest in EpigenCare in their Reg CF offering as an unaccredited US investors through StartEngine

Noobs

> 200 million marketcap shitcoin

no thanks

>>9211232
Under Regulation D a lot of these tokens that are traded on unregulated exchanges may actually lose their exemptions. Regulation S is the one SEC-approved security tokens are going to have to adhere to.

Finally catch a moon mission again, early too, went pretty big. Bought the fucking bottom boys. Now I can feel better about missing holo

>>9211048
Is this dog literally shitting up a tree

p.s. Top 10 exchange by May 10

>>9207686
>He bought some so you know its legit

>>9212724
Why are they allowed to disclose this?

>>9206955
ONLY ON IDEX ?

>>9212837
Only for the next 8 days before it gets listed on a top 10 exchange, apparently

sounds centralized

>>9212982
It is, welcome to regulated security tokens.

>>9213087
https://medium.com/@dennis.t.bailey/nexo-vs-salt-vs-ethlend-analysis-of-the-crypto-loan-market-e9feb1300d1