Axon the world’s first fiat<>crypto DEX and Benqi the leading DeFi algorithmic liquidity market protocol that offers services in lending, borrowing, and liquid staking are collaborating to celebrate the strategic partnership between the companies. The partnership aims to support the entire Avalanche ecosystem by bringing additional liquidity to sAVAX by enabling community members to directly buy sAVAX with fiat (USD and EUR) or crypto in a non-custodial, near-instant manner with low fees.
300,000 of Axon’s xFlow tokens will be allocated to users of Axon’s 360 App. The xFlow will be offered as rewards to users who are buying Benqi’s sAVAX with either fiat (EUR or USD) or crypto on Axon’s 360 App which is available on Apple App Store and Google Play.
Axon’s innovative, non-custodial, and fully transparent approach seamlessly integrates traditional and crypto financial systems, ensuring unmatched trust, speed, and cost efficiency. With a patented architecture connected to over 14,000 banks across the USA and Europe and compatibility with more than 330 wallets, AXON is redefining the market. The time for transparent, quick, and low-risk fiat<>crypto trading has arrived, and AXON is leading the charge.
Total Reward Pool: 300,000 xFlow tokens
Program Duration: 2 weeks
Eligibility: Users must complete KYC to receive xFlow rewards
Participants in the program can earn xFlow tokens as rewards based on their sAVAX purchases. The program is structured in tiers, providing increasingly generous rewards for larger sAVAX purchases. Here’s how it works:
The 300,000 xFlow tokens available for this reward program will be allocated on a first-come, first-served basis. Once the token pool is exhausted, the program will conclude. Participants are encouraged to act quickly to maximize their rewards.
Learn More About AXON Token Utility Features.
To take part in the reward program, users must:
Program Launch: 26 August, 2024
Program End: 8 September, 2024
Founded in 2022, Axon is pioneering the first decentralized exchange for fiat-to-crypto transactions. The platform allows users to buy, sell, swap, borrow, or earn with fiat or crypto in a fully non-custodial way. Backed by the Avalanche Foundation, Axon recently secured $2 million in funding and continues to build critical infrastructure for the crypto ecosystem.
Benqi is a leading DeFi and Web3 protocol offering services in lending, borrowing, and liquid staking. The platform enables users to stake AVAX and earn within the DeFi ecosystem while also providing lending and borrowing opportunities with various cryptocurrencies. With over $571 million in total value locked and more than 100,000 users, Benqi is a key player in the growing DeFi space.
