Nexo Launches 'The Hunt' Campaign, Distributing $12 Million in NEXO Tokens to Engage Users with Its Ecosystem

Cryptocurrency lending platform Nexo (NEXO) has introduced the NEXO Token Hunt, an enticing $12 million project designed to reward both new and existing users for their involvement in the Nexo ecosystem as they approach their 6th anniversary.

Throughout this initiative, users can accumulate points by participating in a variety of activities on the Nexo platform. These points can be gathered until 23:59 UTC on July 7th by taking advantage of qualifying Nexo offerings. Participants can exchange their points for NEXO Tokens starting at 13:00 UTC on July 10th. Notably, there's no cap on the number of points one can earn, so the more activities undertaken, the greater the number of tokens that can be claimed at the end of the campaign.

Different actions attract varying point values for users, such as adding funds to accounts, utilizing Nexo cards, and engaging in lending and earning ventures, as well as trading activities—from exchanges to futures. Keep in mind that withdrawing cryptocurrencies from your Nexo account could potentially reduce your accumulated points.

To enhance point accumulation, multipliers are available for qualifying actions, providing users with an effective way to increase their overall points. They are categorized into three types: weekly multipliers, loyalty multipliers, and new user multipliers. Users are encouraged to obtain as many multipliers as possible.

At the end of the campaign, participants can claim their share of NEXO Tokens. The amount each individual receives will depend on the total points they've gathered during the initiative. Out of 10 million NEXO Tokens allocated for rewards, distribution will be based on users' point totals. The formula for determining 'tokens per point' will be calculated once the campaign concludes, factoring in the entire points accumulated.

Stay updated on cryptocurrency distributions through our Airdrops Calendar .

Nexo is preparing to expand its community with The Hunt, revealing the launch of a new loyalty program on the horizon.

Nexo offers fast fiat on-ramps for over 40 cryptocurrencies, provides immediate crypto credit lines, features competitive earning rates, and issues crypto-backed credit cards. The company Leveraging a robust range of products and services, Nexo assists more than 7 million users in over 200 jurisdictions to grow their crypto assets.

In a statement, Nexo noted, 'Following the success of Nexonomics 3.0, which grew our community to 3.5 million users in 2022, our user base has now reached an impressive milestone of 7 million.' They added, 'Given the enthusiastic response we anticipate for The Hunt and the engaging nature of the airdrop, we expect a significant turnout from our community, particularly since many activities on the platform reward users with points. Our initial estimate anticipates around 7 million participants.'

Besides the airdrop, Nexo highlighted its continual efforts to roll out a new loyalty program designed to significantly enhance user benefits.