Nexo’s $13M Airdrop: Latecomers Can Still Win Big

On May 8, Nexo launched an airdrop dubbed the Hunt for $13M in NEXO Tokens. The Nexo Hunt rewards participants for their engagement within the Nexo ecosystem, awarding points for various activities such as exchanging crypto, futures trading, and other actions on the platform. These points will then determine the participants' share of the 10 million NEXO Tokens airdrop which at the time of writing equates to roughly $13M.

Interestingly enough, it may still be highly lucrative to join the airdrop now mere weeks before it closes. Per Nexo, the campaign ends on July 7, making it quite possible to still accumulate a significant enough amount of points to get a good share of the 10-million-token pie.

How might this work? Multipliers.

The Hunt for $13M in NEXO Tokens is a highly strategic airdrop due to the multipliers provided for specific actions on the Nexo platform. As mentioned earlier, users earn points for almost all of their activity on Nexo, with certain actions bringing more points. The big-ticket items you should look to tick off for maximum points are buying crypto, and using Nexo’s Borrow, Dual Investment and Booster tools. While focusing on making use of the Nexo platform for points and an airdrop at the end is great, for users looking to points farm effectively, the best way is the multiplier highway.

Nexo has an up to 2x multiplier for its Loyalty program, so users can also combine this with the above actions to significantly boost points and level out with existing participants.

New users get an automatic 5x boost which puts them in a particularly good position to get a hearty portion of the airdrop. Multipliers stack, so this could be combined with the Loyalty multiplier for a robust points farming strategy.

Nexo also surprised “hunters” this week with a new “flash multiplier” out of nowhere, featuring 3x points for Borrow, Booster, and the Nexo Card transactions on the platform along with 2x for Dual Investment, Swap & Trigger Swap, Crypto Bundles, and buying crypto on Nexo. It’s surprises like this that make it all the more possible to reap a large share of the airdrop even for a latecomer.

Besides Tokens, What’s Important About This Airdrop?

The driving interest and effects of the Nexo Hunt is reflected in the enthusiastic community sentiment. Notable examples include users delving into the tokenomics behind such campaigns, linking the Nexo Hunt to price momentum, token utility, and advanced loyalty on the platform and highlighting the broader implications of the campaign beyond just earning points.

The Hunt has also been connected Nexo’s Referral program, emphasizing how the two rewards programs work well in conjunction. By utilizing both programs together, participants can develop more complex and rewarding strategies – an insight expressed by CryptoFan on X. This synergy allows users to maximize their points and benefits within the Nexo ecosystem.

The community's active engagement and strategic discussions underscore the widespread excitement and participation in the Nexo Hunt, showcasing the campaign's success in fostering a vibrant and involved user base.

Conclusion

The NEXO Hunt campaign ends on July 7, 2024. Regardless of what predictions and speculations come true about the Nexo Hunt and its corresponding token airdrop, a few things are for sure. If you’re a keen points farmer, you still have a good chance for a sizeable airdrop. If you’re more a leisurely crypto user, the Nexo Hunt is a great way to get a little extra bang for your buck when making your regular crypto transactions.