Axies Spotted on Nexo! Is AXS Coming to the Platform?

Jan 25, 2022•3 min read

Late last week a couple of keen Nexonians thought they saw a herd of Axies roaming around our platform…Well, not quite, but we are making AXS available on Nexo. Check it out:

  • ​​Buy: Get AXS on Nexo and have it in your wallet within seconds, plus you get up to 0.5% back on each transaction.*
  • Еarn: Receive up to 36% annual interest on AXS, paid out daily.
  • Exchange: Swap your AXS on the Nexo Exchange instantly.
  • Borrow: Borrow against AXS at rates as low as 0% APR.

*The crypto rewards you receive depend on your Loyalty tier. The higher your tier, the more rewards you get. For example, Platinum users get 0.5% back.

Axie Infinity, GameFi & Nexo

Nexo is excited to be integrating yet another key player from Web3 into our platform. By welcoming Axie Infinity’s AXS, Nexo directly contributes to stimulating the in-game market and bringing sophisticated financial tools for its native asset AXS. The metaverse, boundless as it is, is being pushed forward by decentralized virtual worlds like Axie Infinity, blazing the trail for a very specific up-and-coming industry – GameFi. As GameFi grows and flourishes, at Nexo we hope to become increasingly involved in its worlds, gameplay, mechanisms and markets.

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.

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%.

AXS-backed Credit

Our 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 our 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.

About 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. Players have complete ownership over the in-game assets and can generate real-world rewards for their in-game activities. With over 2.9M daily active players, Axie Infinity has achieved $3.8B+ in total transactions as players turn their time and effort into real value. Axie was founded in 2018 with the goal of introducing the world to blockchain through a familiar and nostalgic experience. For more information on Axie Infinity, please visit https://axieinfinity.com/.