First published 8 April 2020. Expanded in October 2026 so a dividend is not described as yield the token mints, and so a company account is not described as a wallet. NEXO is an Ethereum token. Antoni Trenchev is the person most associated with the company. The sale closed at 525 million tokens, priced at 10 cents, which is 52.5 million dollars. The contract’s supply is 1 billion. The company kept the rest. A token in your wallet is not a balance inside Nexo. An exchange balance is an IOU, not a wallet. The same is true of a lender’s account. ETH pays the fee on Ethereum. NEXO does not.
The 2018 sale described a dividend: 30 percent of the company’s profits, paid by a board decision. The first one was 912,071 dollars, paid on 15 December 2018 to eligible tokens. A dividend is not interest the token mints. The company can change the policy, skip a period, or pay a different loyalty. Holding NEXO does not by itself put you in a loan. Borrowing is the company’s product, against collateral you hand them. If they fail, the collateral is in their custody.
US state regulators later said those lending accounts were unregistered. Nexo stopped offering them to people in the United States. That is a company perimeter, not a feature of the Ethereum token. A copy of NEXO on another chain is a different send. The wrong network is still the wrong city. Nothing here is an instruction to borrow, to lock NEXO for a rate, or to buy it.
