Nexo token was a dividend sharing, now daily interest bearing token. You purchase them to boost your earnings and lower your borrowing rates. They can be staked as collateral and you have voting rights for changes on the platform.
If you are not in the US, you can fix up your other cryptos and fiat, but choose to earn your interest in Nexo tokens which gives you a boosted apr rate than if you chose to earn in the same pledged asset
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