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Cryptocurrency News Articles

Nexo Marks 6th Anniversary with Epic $12 Million Token Hunt

May 09, 2024 at 05:50 am

In honor of its sixth anniversary, Nexo, a prominent cryptocurrency ecosystem, has launched a promotional campaign featuring a token hunt. Open to both new and existing users, the campaign offers 10 million NEXO tokens ($12 million) for participation in ecosystem activities. Points earned through Nexo products like the Nexo Card, Earn, Futures Trading, and Exchange can be multiplied via multipliers such as the Weekly Multiplier, Loyalty Multiplier, and New User Multiplier.

Nexo Marks 6th Anniversary with Epic $12 Million Token Hunt

Nexo Celebrates Sixth Anniversary with Unprecedented $12 Million Token Hunt

New York, NY, May 11, 2023 - Nexo, a global leader in the cryptocurrency ecosystem, marks its sixth anniversary with an unparalleled promotional campaign that offers a total of ten million NEXO tokens, valued at approximately $12 million, to new and existing users.

This exclusive Token Hunt invites participants to engage in a variety of activities across the Nexo platform to accumulate points, which can be amplified through innovative multipliers for even greater rewards.

Earn Points, Unlock Surprises, and Redeem Tokens

From today until July 7, 2024 (11:59 p.m. UTC), users can earn points by utilizing Nexo Card, Borrow, Earn, Futures Trading, and Exchange products. Each dollar deposited into accounts will yield a specific number of points (0.001-0.03), varying based on the cryptocurrency type.

Additionally, target actions such as activating virtual cards, borrowing stablecoins, utilizing Nexo Earn products with one or two tokens, initiating futures positions, and swapping cryptocurrencies will also be rewarded with points.

Safeguarding the Campaign's Integrity

To prevent manipulation, Nexo has implemented a sophisticated point deduction system. Withdrawing any cryptocurrency from a Nexo account will result in a deduction of 0.01 points per dollar, while withdrawing Bitcoin will result in a deduction of 0.001 points per dollar.

Multipliers Boost Rewards

To maximize earning potential, Nexo has introduced three distinct multipliers: Weekly Multiplier, Loyalty Multiplier, and New User Multiplier. New users who sign up before May 15 will receive a 1.5x bonus, 1.4x between May 22 and June 5, and 1.2x between May 22 and June 5.

Loyalty Multiplier rewards Platinum users with a 2x bonus, Gold users with a 1.5x bonus, and Silver users with a 1.25x bonus. The New User Multiplier grants a 5x bonus to all newly registered accounts participating in the promotion.

Conclusion

Nexo's Sixth Anniversary Token Hunt is a testament to the platform's commitment to its loyal users and its vision of fostering the growth of the cryptocurrency ecosystem. With $12 million in NEXO tokens up for grabs, this campaign presents an unparalleled opportunity for participants to earn rewards and contribute to the Nexo community.

About Nexo

Nexo is a leading regulated digital assets institution with over 5 million users worldwide. The company's mission is to empower people to harness the power of their digital assets through innovative financial solutions. Nexo offers a range of products and services, including instant crypto-backed loans, high-yield Earn accounts, Nexo Card, Nexo Exchange, Nexo Futures, and the Nexo Wallet.

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