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The Nexo coin is way more complicated. I

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MindlessSelf   Saturday, 08/01/20 08:37:04 PM
Re: GreedyAgorist post# 17445
Post # of 17980 
The Nexo coin is way more complicated. I did love Credearn you just had to have 10,000 coin and it didn’t cost much. Nexo you have to maintain 10% of you assets in their coin to get premium lending and borrowing rates. This is evaluated in real time and all crypto is volatile so I would imagine Nexo is constantly dropping in and out of range if you hold the minimum 10%.

So for now I am fine just taking the 4% daily compounded base rate. With instant withdrawal and deposit options on a daily compounding rate, it still outperforms cred earn. For stable coins the base rate is 8% without their minimum Nexo holding. Nexo coins have more use case to buy than cred earn as its not just one flat amount and they offer a dividend feature as an added bonus. I don’t have the money to do the Nexo premium at this time.

I am keeping the lba coins in the. Sidelines because I am pretty sure I can enter back in now whenever I am ready. I may use Credearn for stable coins still for my kids since they don’t need immediate access to funds. They are under 2 and a newborn so rather than a starter savings account I am putting into stabile coins and locking them up compounding.

We are both ahead of the Curve with crypto and laying the tracks down or rungs in the ladders so that when mass adoption comes, we earn our rewards. I just wish I had a small fortune already because it’s a lot easier to play this game when you already have a lot of money. I have to take more risk with xrp but I do eventually see my self shifting % of assets over to stable coins when I am comfortable financially and then just taking higher fixed rate interest

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