Do you use any Crypto reward?
- Thread starter N1ckG2
- Start date
AdVantageoo
Junior Member
- May 9, 2024
- 133
- 44
Binance
Crypto.com
BlockFi
Choose a platform that supports your token holdings and offers the best rewards.
Crypto.com
BlockFi
Choose a platform that supports your token holdings and offers the best rewards.
- Aug 12, 2024
- 1,092
- 318
There is a journey thread where he is doing it imon a large scale. You can follow him for the projects he is trying.
N1ckG2
Elite Member
- Dec 17, 2011
- 2,670
- 1,323
Who is that?
- Sep 7, 2017
- 7,150
- 6,411
I use Nexo, I have a few 1000s on the platform, I also hold 10% of my asset in Nexo coin. So in total I get an interest of 13% APR on my USDt paid out in Nexo.
N1ckG2
Elite Member
- Dec 17, 2011
- 2,670
- 1,323
What about if the nexo price drops?
- Sep 7, 2017
- 7,150
- 6,411
Well, value of your current Nexo holdings drop but the amount of Nexo you receive as interest would increase since price has dropped.
You can actually receive your interest in USDt, the reason I receive mine in Nexo is because it gives me an extra 1%. Receiving in USDt would drop that to 12% instead of 13%. Which ever one is good for you.
N1ckG2
Elite Member
- Dec 17, 2011
- 2,670
- 1,323
Thank you!
May I ask you how and where did you invest nexo? What platform is that?
01QUID
BANNED
- Mar 15, 2024
- 15
- 13
That’s the risk of staking, rewards are nice but there’s always a risk of price fluctuations while your coins are locked - so you can’t sell.