Funding for Nex

[Crypto_Fox]

With the continuation of bear market, we have seen some of the projects starting to struggle financially. When NEX launched their ICO NEO was around $18 (I can’t exactly remember the pegged price) but now NEO is only worth $6. The question is would this bear market affect the development of NEX?

[sdcorp (Sean D)]

This was allready discussed in another thread, Canesin allready said they have secured funding in fiat and have enough funds for the few years.

Current crypto situation

@elcontador most of NEX assets have been secured in fiat, enough for a couple of years. We do hold additional values in BTC, ETH, NEO, GAS and NEX. We have no intention of making partnership announcements for fiat partners, you will be able to see who they are in your geography when using the platform. I am personally dedicated to expand the network for currently undeserved regions.

[Crypto_Fox]

Thanks for answering my question. This gives me some relief.