NEXO is a digital asset associated with the Nexo Finance platform, a blockchain-based lending and borrowing platform. Nexo Finance enables users to borrow against their digital assets in a secure and transparent manner, using their cryptocurrencies as collateral. Users can also earn interest on their cryptocurrency holdings by holding them in Nexo Finance's interest-earning accounts. Holding NEXO tokens provides numerous benefits for Nexo Finance users. It allows users to access premium features, such as higher loan-to-value ratios and lower interest rates, while also providing discounts on transaction fees and other rewards. Additionally, NEXO tokens are the key to receiving dividends from the platform's profits, allowing token holders to earn passive income based on the success of Nexo Finance. As Nexo Finance grows in popularity and expands its user base, its potential value may increase due to increased demand for NEXO tokens.