Weird thing about NEXO networks


Cryptocoins Exchanges / Binance 31 Views

I feel this has been posted before, but I've by no means seen an asnwer. Some background:

  • The $NEXO token is supported at for topping up by way of the ERC-20 and BEP-2 networks.
  • The $NEXO token is out there at Binance for withdrawal by way of ERC-20 and Polygon networks.

I feel we will agree no one likes to pay the present 4-5 $NEXO in withdrawal charges by way of ERC-20, so with that out of the best way, there's two strage issues I've observed:

  1. Nexo supports Binance Beacon Chain, however Binance itself doesn't help the identical community on that token? Unusual.
  2. I was desirous about withdrawing from Binance to Polygon, then bridge my $NEXO over to BEP-2, and then finally prime up my account. So, I went to the Polygon Bridge app... and $NEXO isn't supported for bridging. Even stranger.

That makes me marvel if $NEXO is absolutely supported on Polygon because the house owners themselves don't mention that community in any respect with regards to topping up or withdrawing, more so after the successful almost-zero-fee integration between Nexo and Polygon. And properly, the fact that the token isn't even out there in the record of belongings to bridge left me scratching my head. Lastly, why wouldn't Binance help akin to strong token on their very own community?

Is that an overlook, and the network for withdrawal in Binance ought to be BEP-2 as an alternative of Polygon? A mistake?

Thanks prematurely for any additional perception.

submitted by /u/riuryK
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