Nexo, one of the largest cryptocurrency ecosystems, has launched a promotional campaign to celebrate its sixth anniversary. The campaign offers new and existing Nexo users the opportunity to participate in a token hunt by exploring different components of the Nexo ecosystem. The team has allocated ten million NEXO tokens, equivalent to around $12 million, for this event.
According to the official announcement from Nexo, the leading centralized cryptocurrency exchange ecosystem is organizing an unprecedented promotional event to commemorate its sixth anniversary since entering the market. Nexo users are encouraged to engage in various activities on the platform in order to earn points, which can be multiplied to unlock additional surprises.
Users can earn points by using certain Nexo products such as Nexo Card, Borrow, Earn, Futures Trading, and Exchange until July 7, 2024 (11:59 p.m. UTC). The number of points earned for each dollar deposited into their accounts depends on the type of cryptocurrency being used, ranging from 0.001 to 0.03 points.
Additionally, users can earn points by completing specific “target actions” such as activating virtual cards, borrowing stablecoins, using Nexo Earn products with one or two tokens, initiating futures positions, and swapping cryptocurrencies.
To prevent manipulation, Nexo has implemented several restrictions. For every $1 worth of cryptocurrency withdrawn from a Nexo account, 0.01 points will be deducted. When withdrawing Bitcoin, 0.001 points will be deducted for every $1 removed.
To enhance earning potential, Nexo has introduced a series of multipliers including the Weekly Multiplier, the Loyalty Multiplier, and the New User Multiplier. New members who sign up before May 15 will receive a 1.5x bonus, while those who join between May 22 and June 5 will receive a 1.4x bonus. Platinum users will receive a 2x bonus, Gold users a 1.5x bonus, and Silver users a 1.25x benefit from the Loyalty Multiplier. Additionally, all newly registered accounts participating in the offer will have the 5x New User Multiplier applied.
