Earn Money With Your $APE on Nexo

There is a well-known digital asset lending platform called Nexo. The article covers important details about a step-by-step process for earning passive income on Nexo. APE is a question about what it is. APE is a token that is based on the platform of the same name. The Bored Ape Yacht Club project inspired the creation of a new coin, called APE. This token is used as a utility and governance token for the entire APE ecosystem.

It's interesting that $APE is now accepted onNexo. Interested people can earn passive income from their $APE token, instead of simply holding them. The way you can do it is here.

Step by Step Process of Putting Your APE on Nexo

Purchase Apecoin ($APE). You can do this on top exchanges like Binance, ByBit, CoinTiger, FTX, or on decentralized exchanges like SushiSwap, etc. Also, you can purchase $APE on Nexo:

Click on the “Exchange tab” on Nexo
Click the “Pay With” icon and select “Card
Select “$APE” as the token you want to receive.
Select your desired amount.
Preview the transaction by clicking on “Preview Exchange”
Input your card details and confirm your transaction.

Moreover, buying APE on Nexo will attract a 0.5% cashback reward. Also, it is important to note that to carry out transactions on Nexo, you need to have a verified Nexo account.

With $APE tokens in your Nexo account, users can earn passive income as high as 12% APR.

It is only possible to earn up to 12% APY on your $APE holdings within a limited time frame. The time period will last from March 29, 2022, to April 29, 2022. If you want to earn rewards, you have to either hold or borrow your $APE token. There are different tiers onNexo with each having a specific maximum yield rate for APE holdings. The tiers have some things in them.

Platinum Tier with a maximum rate of 12% and a standard rate of 9%.
Gold Tier with a 10% maximum rate.
Silver Tier with a 9% maximum rate.
Base Tier with a maximum rate of 8% and a standard rate of 7%.

More About Nexo

As previously stated, Nexo is a lending and borrowing platform in addition to being a tokenized platform. It has been claimed that it is the world's largestcryptocurrencies lending institution. The opportunity to earn passive income with theircryptocurrencies is provided by theNexo. It is possible to earn rewards as high as 17% on their holdings on the platform. It gives the opportunity to earn with zero risk and also helps to protect against volatility. Over 4 million users from over 200 countries are part of theNexo database. The platform has paid out an estimated $200 million, and currently supports over 34 cryptocurrencies.

$APE Price Outlook

At the time of writing, the stock was trading at $11.18 with a market cap of $3,1 billion and a 24 hour trading volume of $450 million. The price of the token was down over the last 24 hours. The total supply of 1 Billion $APE is included in the circulating supply of 277.5 million $APE. Check out the Altcoin Buzz YouTube channel for more news about cryptocurrencies. Find the most undervalued gems, up-to-date research, and NFT buys with Alt coin Buzz Access. You can join us for less than $100 per month.