Highlights
- Nero’s custodial fireblock schedules system maintenance
- During the system maintenance, ADA, DOGE, and DOT’s trading will be paused
About Nexo
In addition to providing users with quick cryptocurrency-backed loans, Nexo is also a blockchain-based lending platform. As collateral, users can deposit an accepted token, such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), or XRP (XRP), in exchange for an advance in the form of a fiat currency or stablecoin. Nexo features its native token, NEXO, which, when locked in the network, provides users with perks such as interest rate discounts on loans and the ability to earn interest payments on monies placed on the platform. Nexo’s profits are also distributed to token holders in the form of dividends. The project was revealed for the first time in December 2017, and it officially began operations in April 2018.
Scheduled System Maintenance
Nexo took to its Twitter account to announce that its custodial fireblocks will be scheduling system maintenance within the hours of 09:00 UTC to 11:00 UTC on Sunday, 24th of October. During the system maintenance, ADA, DOGE, and DOT’s trading will be paused.
Nexonians,
Our custodian Fireblocks has scheduled system maintenance starting at 09:00 UTC on Sunday, Oct 24. This means that all ADA, DOGE and DOT transactions on the Nexo platform will be paused for two hours.
More information about the maintenance on:https://t.co/wHdOU5K7J1
— Nexo (@Nexo) October 21, 2021
“Our system will be down for maintenance starting 24 October 2021 at 09:00 UTC. Estimated time for the maintenance is two hours, during which, the system will not be available for UI or API usage. Incoming transactions will be accepted. Push notifications (Webhook) will be delayed and sent for registered customers after the system is back online”-System Maintenance, Fireblock
Achievements By Nexo And Future Expectations
Nexo was developed on the firm premise that Bitcoin and blockchain have the capacity to create positive disruption. This potential presents itself through granting people financial sovereignty, assisting them in building better enterprises, and ultimately pushing the improvement of the global economy.
After several years and more than 700,000 users, the creators of Nexo can safely state that they are on the fast track to fulfilling their vision of the future.
During the past two years, Nexo has grown to become one of the most important companies in the cryptocurrency business and beyond, with its growth curve becoming ever steeper. Just in the last year, Nero has seen its registration volume increase by more than half a million.
Nexo’s current price is $2.34, and it has a 24-hour trading volume of $105,227,908,751 . While the coin’s share price rose by 2.56% in the past 24 hours, it currently ranks #84 on CoinMarketCap, with a live market capitalization of $2,520,043,483,405
