Nexo, a crypto lending protocol, is celebrating its sixth anniversary by allocating 10 million NEXO tokens, valued at $12.5 million, to users.
The campaign runs until July 7. Users can earn points through asset top-ups, Nexo Card activations, fiat borrowing, investments in Nexo Earn products, and boosted trading on Nexo Exchange.
The conversion ratio of points to NEXO tokens will be determined post-event. Specific actions, like withdrawing crypto, can reduce points. Users can also receive multipliers from 1.2x to 1.5x, and loyalty rewards up to 100%. An example given shows a new user buying $2,000 of BTC, earning 450 points.
However, due to regulatory restrictions, U.S., U.K., and Canadian residents are excluded. Since its launch, Nexo has amassed $537.56 million in total value locked. It recently received UAE approval for virtual asset services through Nexo Services FZE.
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