NEXO? Is this a great project?

Nexo is providing an instant crypto backed loan and a lot of testimonies are flowing in and i am tempted to put my eggs in 1 bucket... NEXO? Anyone knows more about this project?

I am hoping its not a p n d, I have been watching this closely and from launch todate the price went up close to US$0.4 and slammed back to 0.1 then hovering around 0.09

Advice please! I know a few people are also eyeing this project... its sounding too good guys. If its here to stay i think its groundbreaking and any help to make me and other make sound informed decisions on whether to hodl these tokens...