Nexo Launches $12M Token Hunt Promotional Campaign to Celebrate 6th Anniversary

In celebration of its sixth anniversary, Nexo, one of the biggest cryptocurrency ecosystems, has launched a promotional campaign. Both new and current Nexo users may benefit from the token hunt, by delving into the many Nexo ecosystem components. As a whole, the team allocated ten million NEXO tokens—about $12 million—to the event’s attendees.

The official announcement from Nexo’s team states that in celebration of the sixth anniversary of its market introduction, the leading centralized cryptocurrency exchange ecosystem is launching an unparalleled promotional event. Nexo users are encouraged to take part in a variety of activities on the platform in order to earn points, which may be multiplied to unlock additional surprises.

One may earn points by utilizing some Nexo products: Nexo Card, Borrow, Earn, Futures Trading, and Exchange until July 7, 2024 (11:59 p.m. UTC). Users will get a certain number of points (0.001-0.03) for every dollar deposited into their accounts, with the precise amount dependent on the cryptocurrency kind.

The following “target actions” are also rewarded in a similar fashion: activating virtual cards, borrowing stablecoins, utilizing Nexo Earn products with one or two tokens, initiating futures positions, and swapping cryptocurrencies.

Also, Nexo put a lot of restrictions in place to prevent manipulations. When you take $1 worth of cryptocurrency out of your Nexo account, you’ll lose 0.01 points. When you withdraw Bitcoin, for every $1 you remove, you will lose 0.001 points.

Nexo implemented a series of multipliers—the Weekly Multiplier, the Loyalty Multiplier, and the New User Multiplier—to increase players’ earning potential. With the new Weekly Multiplier, new members may get a 1.5x bonus if they sign up before May 15, 1.4x if they join between May 22 and June 5, and 1.2x between May 22 and June 5.

Platinum users will get a 2x bonus, Gold users a 1.5x bonus, and Silver users a 1.25x benefit from Loyalty Multiplier. Finally, all newly registered accounts participating in the offer will have the 5x New User Multiplier added to them.