Nexo Celebrates Sixth Anniversary with $12 Million Token Giveaway
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Vladislav Sopov
Nexo, a preeminent player in the cryptocurrency space, kicks off a promotional event in celebration of its 6-year milestone.
In alignment with Nexonomics, the Token Hunt event is set to incentivize both loyal customers and newcomers to delve into the myriad facets of the Nexo platform. The campaign boasts a substantial giveaway of 10 million NEXO tokens, an approximate value of $12 million USD, to be distributed among event participants.
Nexo commemorates its 6th Anniversary, rolls out Token Hunt promotion
As communicated in their recent announcement, the acclaimable Nexo exchange is marking its six years in operation by launching an unprecedented promotional chase. Interested individuals are beckoned to accrue points through engagement with various platform services, enhancing earning prospects and discovering additional rewards.
Participants can amass points by utilizing Nexo’s eligible services – Exchange, Borrow, Earn, Futures Trading, and the Nexo Card, right up until July 7, 2024, at 11:59 p.m. UTC.
Extra points are granted for funding accounts: every dollar deposited earns users between 0.001 to 0.03 points, with the amount dependent on the specific cryptocurrency deposited.
Moreover, “target actions” such as activating the virtual card, opting for stablecoin loans, engaging with Nexo Earn’s single- or dual-token offerings, initiating futures trading, and cryptocurrency exchanges are also incentivized with rewards.
However, to discourage manipulation, there are certain penalties in place. Crypto withdrawals will see a deduction of 0.01 points per dollar removed, while withdrawing Bitcoin specifically will result in a loss of 0.001 points per dollar.
Point Multiplier Strategy: Nexo incentivizes early participation and new users in token event
To augment the reward potential for early birds and new registrants, Nexo has introduced a range of point multipliers, such as the Weekly Multiplier, Loyalty Multiplier, and New User Multiplier.
The Weekly Multiplier offers escalating bonuses: 1.5x for joining before May 15, 1.4x up until May 22, and 1.2x for the period between May 22 and June 5.
The Loyalty Multiplier will double points for Platinum users, increase them by 1.5x for Gold users, and by 1.25x for Silver status customers.
The New User Multiplier specifically quintuples the points for every newly registered participant who joins the promotion.
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