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Buy & HODL Crypto Challenge - Explained

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Get up to $1,500 extra for holding some of the hottest coins with the Nexo’s Buy & HODL Crypto Challenge – a rewards program available to both new and existing Nexo clients.

The promo starts at 00:00 UTC on 17.03.2022 and ends on 17.07.2022 at 00:00 UTC.

 

How it works

  1. Buy or top up at least $5,000 in SOL, ADA, MATIC, BNB, DOT, or AVAX.* 
  2. Hold the assets in your secure Nexo account for 90 days
  3. Get a reward of up to $1,500 in NEXO Tokens!

 

The details

The challenge starts on March 17 and will have two stages.

Stage 1 - Buy & Top up Stage (17.03.2022, 00:00 UTC until 17.04.2022, 00:00 UTC) - You will have one month to load your Nexo account with each or all of the promo eligible assets mentioned above by either buying them directly on the Nexo Exchange or by topping up from any external wallet. To be eligible for a promo reward you should have at least $5,000 worth of one of the promo-supported assets. Note that you can not stack multiple cryptos to reach a given tier – i.e., you can not buy $8,000 worth of SOL and $2,000 worth of DOT to be eligible for the $10,000 tier. However, you will be allowed to stack the same asset multiple times. For example, if you initially buy $8,000 in SOL and then top up $2,000 in SOL, you will be eligible for the $10,000 tier, as long as it is during the Buy & Top up Stage.

 

The promo rewards are as follows:

  • Buy/Top Up $5,000 worth of any promotional asset during the Buy & Top up stage & receive $150 extra in NEXO

  • Buy/Top Up $10,000 worth of any promotional asset during the Buy & Top up stage & receive $250 extra in NEXO

  • Buy/Top Up $25,000 worth of any promotional asset during the Buy & Top up stage & receive $600 extra in NEXO

  • Buy/Top Up $100,000 worth of any promotional asset during the Buy & Top up stage & receive $1,500 extra in NEXO



Important:

  • The bonus will be defined by the USD value of the Buy/Top Up crypto balance/s that will be captured on the first day following Stage 1 of the promotion - April 17, 2022, at 00:00 UTC, which amount should be kept during the HODL stage

  • You will be eligible to receive a promo reward for each of the topped up/bought currencies as long as the worth of each one is at least $5,000 during the snapshot at 00:00 UTC on April 17, 2022.

  • Assets transferred prior to 00:00 UTC on March 17, 2022, will not be considered as an eligible balance for the promo.

  • Withdrawing previous balances from the Nexo account and topping up the funds back will not be considered as an eligible balance for the promo.

  • Exchanging for promo assets using balances present in your Nexo account before 00:00 UTC on March 17, 2022, will not be considered as an eligible balance for the Buy & HODL promo.
  • Internal transfers between Nexo accounts will not be considered as an eligible balance for the promo.

  • Please make sure to only transfer supported crypto assets over the respective Blockchain network supported by Nexo. Тransferring unsupported assets to your Nexo account will result in permanent loss.

 

Stage 2 - HODL Stage (17.04.2022, 00:00 UTC until 17.07.2022, 00:00 UTC) - During the second stage, you must keep the captured in-kind crypto balance of each of your assets eligible for a promo reward in your Nexo account for a period of 90 days. In the meantime, you are allowed to either collateralize the assets for a credit or simply earn interest on them. You would only need to ensure that at the end of the 90 day period, you have the same, or higher, in-kind amount of the respective eligible crypto assets that were captured at 00:00 UTC on April 17, 2022.

For example, if you bought 300 SOL on March 18 and topped up another 5,000 DOT on April 5, to qualify for the challenge you will need the same in-kind amount of SOL and DOT on July 17, regardless of the price movements of either asset.

 

Important:

  • Withdrawing the balance/s you entered the HODL stage with makes you no longer eligible for the respective promo reward.

  • Repaying using the balance/s you entered the HODL stage with makes you no longer eligible for the respective promo reward.

  • Exchanging the balance/s you entered the HODL stage with makes you no longer eligible for the respective promo reward.

  • The bonus will be paid 15 days after the Buy & HODL Crypto Challenge ends.

  • The Buy & HODL Crypto Challenge is not available for citizens or residents of certain jurisdictions, including where restrictions may apply, such as Bulgaria, Estonia, and the USA.

* Top-ups are available for DOT, MATIC, ADA, BNB. Limited Assets such as SOL, AVAX can only be obtained and swapped through our own exchange, meaning you cannot directly deposit/withdraw them to/from our platform.

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