Nexo Unveils $12 Million Token Quest Marketing Initiative in Commemoration of 6th Anniversary

To commemorate its sixth anniversary, Nexo, a prominent cryptocurrency ecosystem, has launched an exciting promotional campaign. Both new and existing Nexo users can partake in a token hunt that explores the various components of the Nexo ecosystem. The team has dedicated a total of ten million NEXO tokens, equivalent to approximately $12 million, for the event.
In an official announcement, the Nexo team revealed that they are celebrating their sixth year since entering the market by organizing an unparalleled promotional event within their leading centralized cryptocurrency exchange ecosystem. Nexo users are encouraged to engage in a range of activities on the platform to earn points, which can be multiplied to unlock additional surprises.
Points can be earned by utilizing various Nexo products, such as the Nexo Card, Borrow, Earn, Futures Trading, and Exchange, until July 7, 2024 (11:59 p.m. UTC). Users will receive a specific number of points (ranging from 0.001 to 0.03) for every dollar they deposit into their accounts, with the exact amount depending on the type of cryptocurrency.
Additionally, certain “target actions” also reward users with points. These actions include activating virtual cards, borrowing stablecoins, using Nexo Earn products with one or two tokens, initiating futures positions, and swapping cryptocurrencies.
To prevent manipulations, Nexo has implemented several restrictions. When $1 worth of cryptocurrency is withdrawn from a Nexo account, 0.01 points will be deducted. Similarly, for every $1 of Bitcoin withdrawn, 0.001 points will be deducted.
To enhance players’ earning potential, Nexo has introduced a series of multipliers: 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. From May 22 to June 5, new members will receive a 1.2x bonus. Platinum users will receive a 2x bonus, Gold users a 1.5x bonus, and Silver users a 1.25x bonus through the Loyalty Multiplier. Additionally, all newly registered accounts participating in the offer will have a 5x New User Multiplier applied to them.