Create a Fixed Term to Qualify for the 0.5 BTC Prize Pool

Apr 01•3 min read

How to participate in the Fixed Term Promo?

To join the Fixed Term Promo and have a chance to win a share of our 0.5 BTC Prize Pool, follow these steps:

  1. Move at least $500 in digital assets into a Fixed Term of any duration on the Nexo App or platform.
  2. Participate between the period of Apr 1, 2024, at 14:00 UTC and Apr 14, 2024, at 23:59 UTC.

How Can I Increase My Chances of Winning?

Each $500 in digital assets moved in a Fixed Term counts as one entry into our random draw. 

  • The more digital assets you move into Fixed Terms, the better your chances of being one of the 24 lucky winners.
  • For example, if you move $5,000 in digital assets in a 1-month Fixed Term, you get 10 entries into the random draw.
  • You can reach the total amount of $500 in digital assets by creating multiple Fixed Terms. For example, you could create three separate Fixed Terms of 100 USDT, 200 USDT, and 250 USDT, equivalent to one entry in the random draw.

Important: Only newly created Fixed Terms during the promo period will count towards the promotion. Please note the following:

  • Assets moved to a Fixed Term prior to the start of the promotion will not count towards the participation criteria.
  • If you have the auto-renewal option enabled on your current Fixed Terms, the auto-renewed terms will not be considered as newly moved funds and will not qualify for the promotion.

What is my reward?

24 randomly selected users who move at least $500 worth of digital assets in a Fixed Term will split a 0.5 BTC Prize Pool as follows:

  • 1x reward: 20% (0.1 BTC)
  • 1x reward: 15% (0.075 BTC)
  • 1x reward: 10% (0.05 BTC)
  • 1x reward: 5% (0.025 BTC)
  • 20x rewards: 2.5% each (0.0125 BTC)

When will I get my reward?

If you are one of the random draw winners, you will get your reward from the 0.5 BTC prize pool by April 19, 2024. The reward will be distributed to your Savings Wallet.

What is a Fixed Term, and how can I create one?

A Fixed Term is a specified duration, either 1, 3, 6, or 12 months, where you commit your funds to earn our top rates. Choosing a Fixed Term gives you the opportunity to earn up to 8% more interest on top of your FLEX Term rate. 

To create a Fixed Term:

  1. Navigate to the Savings Hub on the dashboard.
  2. Tap Create Fixed Term and choose your desired asset.
  3. Tap on Period and select the 1, 3, 6, or 12-month Fixed Term option.
  4. Choose the amount of digital assets you want to move into the term.
  5. Tap on Preview Term, and confirm it.

On which digital assets can I earn interest? 

You can earn interest on Stablecoins, BTC, ETH, SOL, NEXO, XRP and more. Find the full list of earnable digital assets here. 

How can I earn the highest interest rates?

To earn the highest interest rates on Nexo, you can follow these steps:

  1. Choose Fixed Terms. By moving your digital assets in Fixed Terms, you can earn up to 8% more interest compared to FLEX Terms. The longer the Fixed Term duration (1, 3, 6, or 12 months), the higher the interest rates.
  2. Maintain a high Loyalty Tier. Our Loyalty Program offers higher interest rates for users who maintain a certain percentage of their Portfolio Balance in NEXO Tokens. The higher your Loyalty Tier (Silver, Gold, or Platinum), the better the interest rates you can enjoy. For example, if you hold 10% or more of your Portfolio Balance in NEXO Tokens, your Loyalty Tier is Platinum, which makes you eligible to earn our highest rates of up to 16%. 
  3. Opt for interest payouts in NEXO Tokens. If you choose to receive your interest payouts in NEXO Tokens, you can earn an extra 2% on top of your base interest rate.

Disclaimer: The promotion won't be available in the following jurisdictions: the USA, UK, and Canada. For the full terms and conditions of the “Fixed Term” promo visit our dedicated legal page.