I notice it's UK based and uses GBP - that might be a big plus for me, as Coinbase is useless - they all seem to hate expats, even tho my actual bank doesn't care. oh the deep irony!
RE: A workaround potential BCH high Tx fees due to compounding micro-transactions
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A workaround potential BCH high Tx fees due to compounding micro-transactions
erm... their earning rate of 12% is higher than their loan rate of 6%! huh?!
so.... borrow and stake??
didn't look deeper, so could be one of those annoying "up to" rates.
Hahaha, true.
In order to earn that extra %... there's a catch ;)
5% is good enough for me.
You found the loophole... surprisingly, many that I talked to say that they haven't used the Borrow feature.
If you do the maths, the system IS circular. You borrow your own bonded money. lmao. But the real beauty is that you need to buy 10% of NEXO coins!! That's the whole aim ;-)
Yes, looks like a complex coin-pump mechanism.
Interesting.
It does have a safety-valve in that NEXO payouts are dividends, so can ... be used to further pump the coin before the smart-money leaves!