What are the ICO funds used for?

This information comes directly from Nexo's help center

Almost all funds from the Token Sale were used to fund clients’ Crypto-backed Loans requests.

We are not one of those companies that pretend they will spend $20M on IT with a roadmap for launching in 2020. Our IT infrastructure is self-funded.

Nexo’s primary mission is to enable the community to enjoy its crypto-wealth without selling it.

The team firmly believes that the vast majority of the raised funds need to find their way back to the people that need funding for meeting a short-term obligation, seizing an attractive investment opportunity or leveraging their business operations.

Source: What are the ICO funds used for?
August 23, 2022
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