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Phemex Is Bringing Its Community’s Dreams to Life Celebrating Its Second Anniversary – Sponsored Bitcoin News

Singapore-based cryptocurrency exchange Phemex is celebrating its 2nd anniversary this November. It’s been an eventful couple of years for the derivatives platform, and with its Choose Your Reality occasion, this anniversary goes to be a memorable one.

Phemex’s dedication to its customers has created a thriving group, and to have a good time their spectacular progress the alternate is inviting members to want them a cheerful birthday by speaking about their very own desires and aspirations. They’re additionally gifting away grand prizes to these members who provide you with essentially the most inventive needs. Thus, a number of particular winners will see their desires come to life.

The agency’s dedication to its customers is deep-routed. Phemex’s CEO and founder, Jack Tao, was a Wall Street veteran from Morgan Stanley. After over a decade of observing the internal workings of the standard monetary system, he realized simply how underserved retail buyers had been in contrast to the extra rich gamers.

Jack and his group of ex-Morgan Stanley execs launched the platform in 2019 to convey energy again to the folks. A platform that didn’t play favorites as a result of it didn’t discriminate. From round three contract pairs, the alternate has grown into one of many world’s most popular derivatives exchanges. It’s now host to over 40 spot pairs, 39 contract pairs, and persistently ranks among the many high 10 derivatives exchanges by quantity.

Committed to Community

Phemex takes a wholesome strategy to group suggestions, and encourages its customers to converse up about points they face on the platform. The alternate believes a cheerful group is one which’s continuously engaged with the platform, and over the past two years, they’ve carried out numerous occasions and competitions to maintain the group engaged.

After its launch in 2019, Phemex’s model blew up throughout social media after it launched a viral puzzle hooked up to a 2.1 BTC giveaway to anybody who may discover the non-public key hidden throughout the picture. The aim was to assist unfold consciousness about private-key self custody, which they efficiently did.

Last year in May, Phemex’s premium members had been launched to “The Era of Zero,” which introduced that every one charges could be negated for spot trades on the alternate. Phemex additionally launched its Earn Crypto platform close to the beginning of this year, enabling its group to earn up to 8.5% APY on deposits restricted to a minimum of 1.5 million USDT.

Community engagement isn’t nearly giveaways and implementing function requests — it’s about fostering a way of belonging, and Phemex did so masterfully this year. Over a thousand merchants participated within the launch of Phemex’s first ever NFT, minted and bought for 44 ETH on OpenSea. The piece of artwork incorporates the ETH addresses of all of the collaborative occasion’s members, with the proceeds from the sale being break up between them equally.

Businesses throughout the globe are adopting blockchain technology to enhance their capital effectivity, however mainstream adoption remains to be a number of years away. Current technology purposes are nonetheless a chore to use, however because the business continues to propagate and promote training surrounding the technology, adoption ought to solely be a matter of time. To incentivize customers to study extra about digital property and the technology behind them, Phemex launched its Learn and Earn program, providing rewards like buying and selling bonuses and cryptocurrencies in return for finishing instructional programs.

The alternate even developed its personal academy portal, with over 400 in-depth articles on varied blockchain and cryptocurrency associated matters.

A Portal to the Future

2021 might have been the year your entire world began speaking concerning the metaverse, however the idea has existed for many years. The metaverse is the place social media technology is headed, and because the strains between bodily and digital proceed to blur, Phemex believes the facility of digital possession will develop into more and more vital.

Phemex’s stance on this imaginative and prescient of the long run is robust, and their aim is to assist transition in the direction of the way forward for society — a world the place folks can redefine themselves and obtain something conceivable. At the World Blockchain Summit lately carried out in Dubai, Jack Tao spoke concerning the nuances of the metaverse narratives, and the way NFTs may assist form the way forward for socio-digital economies.

At the occasion, which was attended by over 1500 famend specialists from throughout the globe, he stated, “NFTs are here to stay, not because some have been sold for millions of dollars, but because millions have been sold for some dollars. Digital collectables are not only the playground of crypto-whales; they are spreading in the direction of mass distribution.”

He additionally added that whereas nobody is aware of precisely what the metaverse will appear to be, that’s sort of the purpose. “The metaverse won’t be constructed by a handful of centralized conglomerates — it’ll be assembled by billions of people.”

As NFTs proceed to pleasantly shock the blockchain group in numerous methods, whether or not via its direct utility or by platforms utilizing them in distinctive methods, the concept of digital possession is slowly making its method into the minds of the general public. With the speedy progress of area of interest industries like GameFi, we’re solely seeing the tip of the iceberg when it comes to NFTs.

Last year, Phemex launched their very own GameFi product to have a good time their first anniversary, enabling its customers to win rewards for enjoying video games on the platform. The Singapore-based alternate has at all times been open to experimenting even with very early technology, giving its customers a style of the long run, and hope for what’s to come.

This November, Phemex’s 2nd birthday celebrates its dedication to high quality, ethos of distributed management, and dedication to its group, encouraging them to break via noise of conventional finance, and break away into the brand new world of digital possession.

To study extra concerning the project go to the web site, and comply with the group on social media.

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