HODL Nexo Token to Earn High Interest Rates with their New Yield Program from December 2021

2 min read

To reflect the current market dynamics and maintain a low-risk profile in how Nexo generates yield for its users, Nexo is implementing balance thresholds and integrating the Earn in NEXO bonus into their loyalty program. Changes will take effect on December 1, 2021.

There has never been a time in history when public attitudes toward crypto have been so positive, adoption is growing, and businesses like Nexo, which are secure, compliant, and transparent, have been able to attract many institutions. At a time when the US savings interest rate is averaging 0.06%, we are introducing this new yield program to serve a rapidly evolving market and to ensure that you always get the highest possible yields.

Balance Thresholds: A New Nexo Loyalty Dimension

With our new balance thresholds your yield will be based on both your Loyalty level and the size of your BTC, ETH, XRP, and LINK holdings.

These updates will impact your yields only for the amount above the balance threshold in your current Loyalty level and they apply per each of these four assets, not your entire portfolio. There are no balance thresholds for the remaining assets in your Savings Wallet.

The table below will help you understand how your portfolio will generate yield from December 1 onwards.

Earn in NEXO x Loyalty Program

From December 1 onwards, the Earn in NEXO bonus will be part of Nexo’s Loyalty Program. This means that when you enable the option to receive your daily interest in NEXO Tokens, versus in kind, the bonus will be based on your loyalty level, as follows: Platinum (+2%), Gold (+1%), Silver (+0.25%), and Base (0%).

You will be able to see the amount of NEXO Tokens you need to upgrade to the next Loyalty Level at all times.

Why These Changes?

We at Nexo pride ourselves on a proven and tested business model. We offer a sustainable product that is fully independent of the distribution of free money and venture capital funding.

Our products are in constant evolution – the addition of balance thresholds creates even more utility for our native NEXO Token and strengthens the Earn Crypto Interest ecosystem by accommodating the needs of every client, regardless of the size of their portfolio.

The program is a fairer way of incentivizing clients with heftier portfolios to hold the NEXO Token and use its various utilities, i.e reduced borrowing rates, higher savings yields, and free monthly crypto withdrawals. Simultaneously, the new loyalty dimension allows customers with balances below each respective threshold to continue to take full advantage of our offering and its benefits.

Тhe Benefits of Earning With Nexo

With inflation surging, the importance of a diversified portfolio that includes a reliable source of passive income is critical. While rates are surely important in such an environment, earning with Nexo comes with a string of other benefits, including:

  • High yields: Keep earning up to 8% APR on cryptocurrencies and 12% APR on stablecoins with the new program.
  • Daily Payouts: Grow your wealth every day with the only platform that makes compounding daily payouts.
  • Transparency: Monitor the safety of your assets in real-time thanks to Nexo’s reserves audit by Armanino.
  • Security: Have the peace of mind that your assets are safe with our $375M insurance provided by top-tier custodians.
  • Flexible earnings: Boost your yield with Fixed Terms or withdraw your assets at any time (up to 5 free crypto withdrawals per month).

As mainstream adoption catches up with the industry and the market steadies, the crypto industry will also change to accommodate new users. For Nexo, offering higher rates to a diverse range of clients and portfolios aligns with our vision to guarantee inclusive financial services and to give an indisputable alternative to the inflation-ridden legacy financial system.

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Chris Munch

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.

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