Cryptocurrency company Nexo, which offers loans and daily digital asset earnings, announced that it will integrate ApeCoin (APE) into its platform. The firm has promised an annual return on investment of up to 12 percent, depending on customers’ level of commitment.
Nexo announced that they will integrate ApeCoin (APE)
A recent press release by the cryptocurrency company introduced Nexo’s recently launched cryptocurrency to its returns platform, Yuga Labs. It reveals that he wants to take advantage of the future plans of . Depending on their loyalty tier, users will be able to earn an ROI of up to 7 to 12 percent on the amount of ApeCoin (APE) they deposit with Nexo.
Users can buy, stack, earn, trade and borrow ApeCoin (APE) currently available on Nexo. After purchasing the asset, the firm promised to pay back up to 0.5 percent on every transaction. The company also adds that it will not charge any fees when transferring APE to the Nexo platform. Crypto firm Nexo has activated six trading pairs for APE, including BTC, USDT, USDC, USDx, EURx and GBPx.
The reasons for the launch of ApeCoin
The Bored Ape Yacht Club, launched by the creators of ApeCoin (APE), is arguably the most popular with various celebrities buying such digital collections and posting them as Twitter profile pictures. became the spoken and popular NFT collection. As Cryptokoin.com previously reported, some of these names were legendary hip hop artist Eminem, tennis player Serena Williams, Justin Bieber, Neymar and Madonna. All these examples were sold for hundreds of thousands of dollars worth of ETH.
Yuga Labs, the team behind the project, decided in mid-March to launch a native cryptocurrency that attracts even more people as a certain portion of the total supply is airdropped to BAYC holders. With a price tag of around $15 as of now, ApeCoin has quickly found its place among the top 100 coins by market cap. Listed on many leading crypto exchanges such as Binance, APE’s Nexo integration demonstrates the significant growth in the fairly new altcoin.
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