Phemex officially launches the highly anticipated full pre-mining


Phemex officially launches the highly anticipated full pre-mining for Phemex Soul Pass holders : a leading cryptocurrency exchange, officially launched the full pre-mining of its Phemex Token (xPT) on Thursday, July 6, 2023 at midnight (0:00 UTC), further concretizing the concept of its revolutionary semi-centralized hybrid cryptocurrency exchange model. that combines the benefits of centralized and decentralized platforms to focus on trust, transparency, and user empowerment for a more reliable exchange experience. Any user or company with a Phemex Soul Pass (PSP) and has made a trading volume greater than $100,000 in the last 30 days (including contracts and all spot pairs) can participate in xPT pre-mining. Once their PSP is hit, users will automatically be eligible for the pre-mining event, without any additional steps.

Phemex During the whitelisting phase

During the whitelisting phase, Phemex recruited a total of 961 Soul Pass users; this number currently exceeds 1,228, with most of these users being Phemex’s primary partners and professional traders. Phemex has given each user a maximum of five friend invitations, so things grow quickly and interest spreads quickly, given that this initial phase is exclusively reserved for users on the invitation whitelist, making it a scarce resource. With the full release of xPT pre-mining on Thursday, a significant influx of new users is expected.

Phemex already has the benefits of flexible entry and exit

As a leading cryptocurrency exchange, Phemex already has the benefits of flexible entry and exit, user-friendly interface, and high liquidity, as evidenced by the fully transparent and self-fulfilling proof-of-reserve and solvency mechanisms that Phemex launched in November 2022. By enhancing the Phemex Soul Pass to build a seamless Web3 reputation system, Phemex has also unlocked decentralized finance (DeFi) opportunities, including managing a trustworthy decentralized autonomous organization (DAO), integrating an automated market maker (AMM) liquidity provider, decentralized credit scores, and a lending protocol that supports non-collateralized lending.

Phemex recognizes the ever-changing nature of the blockchain space

Phemex recognizes the ever-changing nature of the blockchain space. Initially focused on financial use cases, cryptocurrencies have paved the way for a new exchange model and the company believes that by combining the strengths of centralized and decentralized exchanges, transparency, accountability, security, and community involvement can be enhanced. Phemex created a DAO for decentralized governance and increased community engagement. Through its hybrid exchange model, the company aims to empower users and partners, enabling them to actively participate in decision-making and profit sharing. With a commitment to transparency and community involvement, Phemex strives to build a more inclusive and just financial future.

Decentralization, especially DeFi, continues to make monumental progress and the metaverse has not disappeared. It is a virtual world or universe powered by the blockchain, which is accessed through an open-source digital platform that allows virtual reality or augmented reality experiences. With ongoing technological advancements, the metaverse is poised to become an important part of everyday life, in the same way that Internet communities are currently established, but within virtual communities. This ever-evolving technology has the potential to reshape human interactions and engagements, delivering immersive and interactive experiences in a digital realm, leading McKinsey to report in June 2022 that the metaverse has the potential to generate up to $5 trillion by 2030.

To learn more, visit the pages below:Phemex Soul Pass: Phemex Token: xPT Pre-mining:

Announcement on the opening of xPT pre-mining:

About Phemex

Phemex is a certified cryptocurrency exchange that offers an efficient and transparent trading experience and is committed to protecting all assets through state-of-the-art security technologies and the practice of Merkle-Tree proof of reserve. Founded by a team of industry veterans, Phemex provides customized 24/24 solutions that make it easy to build users’ crypto wallets through its low-latency and scalable environment, as well as a fair matchmaking system ensuring pricing and timing are prioritized.



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