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Nexo listened to their community.

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by COINS NEWS 93 Views

So this is something you do not hear often in crypto. Some good news! Nexo a CEX, crypto lender and "staking" platform (they let you earn interest like Celsius but without the sketchy loaning without collateral) Not shilling just my opinion.

Anyways they implemented a system where on loan repayment you had to pay a fee of 1% declining the rewards and increasing costs. Obviously nobody of the Nexo community liked this ( at least those who use the lending system) After not even 2 weeks the community made it clear they did not like the sudden change how it was implemented, that it was implemented and the lack of communication 2 weeks after the changes went live, the community voiced their concerns about what and how the changes were implemented.

Todayend out an email to recent their adjustment and change it back to how it used to be~~. They emailed customers today saying they would revert the changes. A huge win for both Nexo and the community. For Nexo because they show that their customers matter & that they do have our best interest in mind (long term strategy

I just wanted to inform those who use Nexo but do not follow everything.

So what do you think about this change and on Nexos response(regardless of their mistake to implement and the lack of communication originally)

(Edits, please if i spelled anything wrong just give me a reply where to correct thank you) (Special thanks to user/R4ID ,for help eith the edit [looked at your respondse checked if it said the same and it 99% did ]

submitted by /u/DeathThorn6009
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