Cryptocurrency company offering loans and daily digital asset income will integrate Apcoin into its platform. The firm promises an annual ROI of between 7-12%, depending on the loyalty tier of the customers.
Nexo Integrates ApkCoin
Press Release Viewed By cryptopotato Reads that Nexo is looking to capitalize on the future plans of Era Labs (the entity behind BAYC) by offering the recently launched cryptocurrency on its Yield platform.
Depending on the loyalty levels, users will be able to get up to 12% ROI on the amount of APE deposited on Nexo. All rates are as follows:
- Platinum: Maximum rate – 12%. Standard rate – 9%.
- Gold: Maximum rate – 10%. Standard rate – 8%.
- Silver: Maximum rate – 8.75%. Standard rate – 7.5%.
- Basis: Maximum rate – 8%. Standard rate – 7%.
Apcoin is already available on Nexo, and users can buy, top-up, earn, swap and borrow. On purchasing the property, the firm promised 0.5% cashback on every transaction. It also said that it will not charge any fees when transferring APEs to the Nexo platform.
Nexo has enabled six trading pairs for APE, including BTC, USDT, USDC, USDX, EUROX and GBPX.
The Birth and Ascent of Apcoin
Bored Ape Yacht Club became arguably the most talked about and popular NFT collection, with various celebrities buying such digital collectibles and putting them as Twitter profile pictures. Some of those names include the famous hip hop artist – Eminem, tennis player Serena Williams, Justin Bieber, Neymar and Madonna.
All those examples were sold for hundreds of thousands of dollars worth of ETH. The lowest price so far is 106.5 ETH – around $370,000.
Snoop Dogg went even further, launching bored ape-themed music as NFT after collaborating with fellow rapper Wiz Khalifa.
Somewhat as expected, Yuga Labs, the team behind the project, decided in mid-March to launch a native cryptocurrency, which attracted even more people as a certain portion of the total supply was given to BAYC holders. .
With a price tag of around $15 so far, ApeCoin ranks among the top 100 coins by market cap. It was also listed on several major crypto exchanges, such as Binance, and the latest integration by Nexo shows a substantial increase just a few weeks after daylight.
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