Connect Is Ready to Give a Special Connect Card Deal for Axion’s OG-5555 Stakers
The DeFi project Axion is preparing to launch its crypto credit card, in cooperation with the company Connect.
Connect is Axion’s partner who is offering Axion Visa-integrated worldwide credit card, and it is expected that the card will arrive in the second half of January 2021.
However, the two are already making some benefits available for Axion investors. According to a recent Twitter announcement, Connect is kicking off the Connect Card with an exclusive presale which will offer many favorable terms for Axion’s OG-5555 stakers.
The biggest advantage that the stakers will receive is a significant discount, to which they have the right to due to their long-term commitment to the project.
Who are OG-5555 Stakers?
As some may know, Axion offers users the opportunity to stake their tokens for a long period of time. Essentially, users would lock up their coins in a smart contract, and they would have to leave them there until the period specified by the contract ends.
At the end of the staking period, the holder receives the funds they staked, plus interest. This interest is the reason why users would stake their coins in the first place. It is a good way to earn from crypto without risking the funds in trades, or spending the coins in some other way.
Now, Axion offers quite flexible deals, with a minimum stake period being only a single day. As for the maximum staking period, it is 5555 days, which is a little over 15 years.
In other words, 5555 stakers are Axion community members who have the utmost trust in the project’s future, and are willing to wait a decade and a half for their investments to pay off. In the meantime, however, they get to enjoy some special deals from the project, such as the mentioned Connect Card presale discount.
What does Connect offer?
Axion’s announcement has compared Connect Card to those of Crypto.com and Nexo. Crypto.com has a market cap of $1.5 billion, with the Nexo market cap being around $400 million. However, neither of the two offer full-scale credit cards, and neither card is globally usable.
Connect Card is both of those things. It can be used anywhere in the world, and it offers 180% spending power of the collateral that the user deposits. That way, users do not have to spend their coins — only the credit.
Furthermore, to honor the OG-5555 stakers, Connect is being offered at a market cap of $4.5 million, which translates to $0.075 per token. Meanwhile, a regular presale market cap sits at $6 million, or $0.10 per token.
It is also worth noting that there will be no lockup period, and that the listing will go live on Uniswap as soon as 2021 kicks off, on January 1st.
Lastly, Axion plans to release the signup link today, Saturday, December 19th, at 11 am PST. However, stakers should make sure that they react quickly, as the offer closes Sunday evening.
It goes without saying that the offer is an excellent opportunity, and that it is only available to those who are willing to truly dedicate their finances to Axion Network. The amount of trust needed to enter a 15-year staking deal is immense, especially these days, when there are so many crypto projects emerging and disappearing.
This was, Axion and Connect get to express their gratitude for the trust they were given, and appreciation for those who are willing to stick around long-term.