Nexo is listing Axie Infinity’s $AXS token

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Jan 25, 2022
  • Users keep earning high yields in the long run and exchange AXS on Nexo instantly
  • It’s possible to buy AXS using crypto pairs or direct card payments
  • Borrow cash or stablecoins at rates from 0% APR using AXS as collateral

​​Cryptocurrency exchange platform Nexo (NEXO/USD) is listing virtual world Axie’s native token (AXS/USD), Invezz learned from a press release. Nexo users will be able to purchase AXS and get it in their wallets within seconds.

Earn, exchange, borrow on excellent terms

You can get up to 36% interest on AXS, paid out daily with the current promo, and keep earning high yields in the long run as well as exchange your AXS on Nexo instantly. You can also borrow against AXS at rates as low as 0%.

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Buying AXS on Nexo

Buying AXS is safe and simple. The user interface is intuitive without complex procedures. It’s possible to buy using crypto pairs or direct card payments. The following pairs are available:

  • AXS/EURx
  • AXS/USDx
  • AXS/GBPx

With Nexo’s Earn Crypto Interest suite, users can buy or top up AXS and begin generating a passive income at once. They get up to 36% daily interest when they buy AXS on Nexo until March 31, 2022.

The user’s loyalty class will determine interest. The following rates are available on Nexo:

  • Platinum: Маximum rate – 36%. Standard rate – 28%.
  • Gold: Маximum rate – 32%. Standard rate – 24%.
  • Silver: Маximum rate – 30.5% Standard rate – 22.5%.
  • Base: Маximum rate – 28%. Standard rate – 20%.

Instant crypto credit

Nexo offers instant Crypto Credit Lines™ for the AXS token. It is possible to borrow cash or stablecoins at rates from 0% APR using AXS as collateral. In general, the number of NEXO tokens in your account is inversely proportional to the credit line interest.

Borrow up to $2M

You can borrow up to $2 million, while the minimum borrowing amount is just $50. The upper limit is per single withdrawal. Typically, the exchange approves requests in seconds and does not perform credit checks.

Another advantage involves flexible credit repayments. Borrowers can pay off their loans fully or partially whenever convenient.

Axie Infinity, GameFi, and Nexo

Nexo is making a direct contribution to expanding the in-game market and bringing sophisticated financial tools for AXS by welcoming Axie Infinity. The exchange is very excited about integrating yet another key player from Web3.

As boundless as the metaverse is, decentralized virtual worlds like Axie Infinity are propelling it and paving the way for GameFi, a very specific and promising industry. Nexo hopes to become increasingly involved in GameFi’s markets, worlds, mechanisms, and gameplay as this industry grows and flourishes.

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