Are Nexo tokens worth anything?

Nexo, which is backed by TechCrunch founder Michael Arrington , has introduced several initiatives over the last few months and recently became the first project to accept XRP as collateral. The company which functions as a bridge between the crypto world and the financial world.

NEXO’s total supply is pegged to 1 billion tokens, currently, 560 million are in circulation. The token price bounced around $0.09 and $0.50 for the first three years of its existence but exploded to $3.60+ in 2021 .

Nexo currently services over a million users across 200+ jurisdictions, managing over $4 billion in assets. The company currently has 150 employees, with its management based in London.