Nexo recently celebrated their birthday. On September 04, 2020 tweeted: “Today we are celebrating Friday and a birthday! Please welcome Issue 0 of Dispatch! Nexo is launching a free newsletter to help you wrap your head around what’s hot in crypto and beyond.”
Nexo started off with Dispatch by Nexo, the intro read thus: “Introducing our contribution to the sea of newsletters that wash the shores of your inbox. Once a week, we will be sending you a curated selection of what we believe to be important for the galloping world of cryptocurrencies. And sometimes beyond. But we promise not to fly off on tangents. We proudly present you Issue 0 of dispatch below.
All the interesting happenings can Nexo can be noticed by reading through the newsletters.
Nexo Tweeted: “Retaining a healthy Loan-to-Value ratio during times of volatility is essential to protecting your hard-earned assets. To efficiently navigate the LTV on your Nexo Instant Crypto Credit Line™, be sure to read our short expert guide.”
Nexo have very clearly explained the Loan to Value (LTV) Concept.
The Loan-to-Value (LTV) ratio is a financial terminology which is used by lenders to express the ratio of a loan to the value of the collateral. In other words, it is the measurement of the balance of the loan relative to the value of the collateral asset is represented as Loan-to-Value (LTV).
While in a traditional market lenders make use of credit scores as reported by third-party credit agencies to arrive at the creditworthiness of the borrower, the higher the credit score, the lower will be risk for the lender. Therefore, to remove the credit score form the equation, one will be able to apply for an asset-backed loan like that which is offered by Nexo.
They have also stated that LTV is calculated as the loan amount in USD divided by the value of the collateral in USD, expressed as a percentage.
The Example reads thus: “Loan amount: 5.000 USD; Value of collateral: 10.000 USD; Loan-to-Value = ($5.000/$10.000)*100% = 50.0%”
In response to the LTV one of them said, great you let think and warn your community for the LTV ratio! So you let see you care about your community! Nobody (I hope nobody will get liquidated in this down market) can say I wasn’t warned! Everyone can check the health of their loans know.
However, someone else felt practical and positive about it and stated, “A good warning is a sign of caring for the community. Our hard earned must be protected. Let’s see what else can do to us.
Nexo on Snapshot of XRP Ledger for Spark Distribution on December 12, 2020
When asked about Nexo are taking part in the spark give away for your XRP holders, Nexo replied stating we are currently in active communication with the CEO of Flare Network. Furthermore, as announced in another tweet, the snapshot of the XRP ledger for the Spark distribution will be taken on December 12th 2020.
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