NEXO is the native utility token of the Nexo platform, a centralized digital asset wealth platform launched in 2018. Unlike many cryptocurrency projects, NEXO is not the native coin of an independent blockchain; rather, it is an ERC-20 token deployed across multiple networks that serves as the loyalty and incentive mechanism for Nexo's integrated financial services ecosystem. The token's value proposition is fundamentally tied to the platform's product suite rather than to protocol-level consensus or decentralized governance.