In a move designed to entice AXS holders, AXIE Infinity has offered native AXS tokens for trading on the Nexo exchange.
With the Nexo listing, investors will be able to purchase and sell AXS, as well as benefit from a new crypto interest suite model that will give investors 36% yields on AXS holdings, with daily payouts. In addition, plans are afoot to offer 0% APR loans to AXS holders.
The announcement of Axie Infinity’s arrival on the exchange is part of Nexo’s strategy to stimulate in-game markets by providing sophisticated financial tools in its ecosystem.
Passive Income With Axie Infinity and NEXO Exchange
- Buy: On Nexo, you can purchase AXS instantly and get up to 0.5% cashback with each purchase.*
- Еarn: Receive up to 36% annual interest on AXS, paid out daily with our current promo, and keep earning high yields in the long run.
- Exchange: Swap your AXS on the Nexo Exchange instantly.
- Borrow: Borrow against AXS at rates as low as 0% APR.
*The amount of cashback you receive depends on your Loyalty tier. The higher your tier, the more cashback you get. Ex. Platinum users get the full 0.5% cashback.
Axie Infinity, GameFi and Nexo
Nexo identifies the metaverse as an area of growth, and views decentralized virtual worlds as a vital sector for innovation in gameplay mechanics and markets.
A number of trading pairs have been created for the AXS listing, which will enable users to directly trade AXS against BTC, ETH, USDT, EUR, and GBP – alongside facilities for direct card payment purchases of AXS tokens.
This is augmented by the opportunity to use AXS-backed crypto credit lines, which collateralise holdings for instant stablecoin loans for amounts up to $2m.
Buy AXS on Nexo
Buying AXS on Nexo is safe and simple. There are no complex procedures, the UI is intuitive and user-friendly, with purchases available both using direct card payments and crypto pairs.
Available pairs:
AXS/BTC
AXS/ETH
AXS/USDT
AXS/EURx
AXS/USDx
AXS/GBPx
Up to 36% Interest on AXS
Grow your AXS holdings on the Nexo platform with up to 36% interest p.a, paid out daily. Our Earn Crypto Interest suite enables you to top up or buy AXS and start growing your passive income right away.
Buy AXS on Nexo to Earn 36% Annual Interest
Nexo is launching their AXS integration with a promo: until March 31, 2022, you get up to 36% annual interest, paid out daily when you buy AXS on Nexo. Your Loyalty tier determines your interest along with whether you’re earning with Fixed Terms and Earn in NEXO. To put that into numbers, the interest rates on AXS on Nexo are:
- Platinum: Маximum rate – 36%. Standard rate – 28%.
- Gold: Маximum rate – 31%. Standard rate – 24%.
- Silver: Маximum rate – 28.5% Standard rate – 22.5%.
- Base: Маximum rate – 24%. Standard rate – 20%.
0% APR Crypto Loans With AXS As Collateral
Nexo’s Instant Crypto Credit Lines™ are now available for Axie Infinity’s AXS. You can now borrow cash or stablecoins using your AXS as collateral at rates starting from 0% APR. You can find a breakdown of Nexo’s borrowing rates here, but as a general rule, the more NEXO Tokens you have in your account, the lower your credit line interest will be.
The minimum borrowing amount is $50 and the maximum is $2 million per single withdrawal. Requests are typically approved within seconds and no credit checks are needed. Credit repayments are also flexible: you can pay off your loan partially or fully whenever you like.
Community-Owned Axie Infinity
Axie Infinity is an NFT game where players battle, collect, and trade digital pets called Axies. Axie is the first game designed to be owned and governed by the community that plays it. In-game assets are completely owned by the players, and players can generate real-world rewards for their in-game activities. Axie Infinity has achieved over 3.8 Bn USD in total transactions with over 2.9M daily active players of the platform putting their time and effort into generating real value. In 2018, Axie was founded with the aim of introducing blockchain to the world through a familiar,and nostalgic experience. For more information on Axie Infinity, please visit https://axieinfinity.com/.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
