Crypto lending agency Nexo has paid its token holders a complete of $2,409,574.87 in dividends. Nexo reportedly has reached an annualized dividend yield of 12.73%.

Nexo introduced the completion of its dividend funds in a press launch on Aug. 16. In keeping with the press launch, Nexo has a consumer base of over 250,000. Furthermore, Nexo’s dividend yield is purportedly increased than each dividend-paying inventory listed on the S&P 500 market index.

Nexo apparently pays out its whole dividend in two components — 50% comes from the Nexo Base Dividend and the opposite 50% from the Nexo Loyalty Dividend. Nexo claims that its mannequin is designed to reward long-term investor confidence and reduce market volatility following dividend payouts.

The Nexo MasterCard

As famous within the press launch, Nexo unveiled a MasterCard-branded bank card for crypto on Aug. 2. In its announcement, Nexo claimed its Nexo Card was the primary on the planet to let customers pay in cryptocurrency with out really spending it. Nexo elaborated:

“When utilizing the Nexo Card to buy items and providers, you really pay utilizing your Nexo versatile open-ended revolving credit score line that’s backed along with your crypto holdings and thus not promoting any of them, which is supplying you with the liberty to spend at this time and promote your holdings everytime you need sooner or later to pay again the mortgage.”

Dividend funds by way of tZERO

Earlier this week, tZERO, the blockchain-based subsidiary of the retailer Overstock, introduced the opening of the corporate’s most well-liked fairness safety tokens to non-accredited buyers. This enables non-accredited token holders to earn cash by way of firm dividends. Per the announcement, tZERO mentioned it’d distribute a quarterly dividend of 10% of the corporate’s adjusted gross income. Furthermore, the corporate mentioned it was contemplating paying out dividends in additional than simply the US greenback, with Bitcoin (BTC), Ether (ETH) and different safety tokens being attainable modes of cost.

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