New York, April 8, 2024 — Primex Finance, a non-custodial protocol for margin buying and selling on decentralized exchanges, publicizes the launch of a brand new points-based group rewards initiative in partnership with CoinList.
The objective of the Contribute and Earn Rewards Marketing campaign is to incentivize consumer engagement, in addition to to spice up lending and buying and selling exercise inside the Primex ecosystem. Concurrently, this system gives a wonderful alternative for lively customers to build up factors and declare the highest positions on the bi-weekly snapshot. By allocating 2% of the full Primex Token (PMX) provide to the initiative, Primex will distribute Early Primex Token (ePMX) rewards to the best-performing individuals.
As a part of the Contribute and Earn Rewards Marketing campaign, Primex leverages CoinList’s established platform and its group to foster ecosystem exercise and onboard new lenders and merchants to the protocol. Ranging from April 8, 2024, this system will final for 12 weeks and can unfold in six completely different levels. Every stage might be reside for 2 weeks, throughout which individuals will have the ability to gather factors proportional to their on-chain lending and buying and selling actions on Primex.
On the finish of every stage, a snapshot of contestants’ factors and on-chain actions might be taken to distribute ePMX rewards to the highest 200 individuals of the spherical. Because the early, non-transferable model of the native PMX token, ePMX will finally get replaced by the totally practical PMX following the protocol’s Token Era Occasion later this 12 months.
Consequently, holders will have the ability to trade their accrued ePMX for PMX.
Factors are routinely reset after every spherical to make sure the equity of the competitors, offering each current individuals and newcomers with equal alternatives in subsequent rounds.
To enter the competitors, individuals should full the Primex Onboarding Quest to allow them to turn out to be acquainted with the non-custodial spot margin buying and selling protocol. As soon as becoming a member of, contestants can begin amassing factors by fulfilling this system’s standards associated to Merchants and Lenders, in addition to reaching numerous milestones. These particulars could be discovered within the Contribute and Earn Rewards Marketing campaign article on the Primex weblog. Contributors can observe their efficiency for Lender and Dealer actions on the Achievements Web page.
“The Contribute and Earn Rewards Marketing campaign provides Primex customers a singular alternative to discover ways to use the protocol whereas incomes factors to climb the Leaderboard rankings. Moreover, the 200 most lively individuals might be eligible for ePMX rewards, which could be exchanged for totally practical PMX tokens in a while,” stated Dmitry Tolok, Co-Founding father of Primex.
About Primex Finance
Based in 2021, Primex Finance is a decentralized protocol for spot margin buying and selling on DEXs. It connects lenders with merchants, enabling merchants to make the most of lender liquidity for leveraged buying and selling on standard DEXs. Primex provides merchants acquainted CEX-like buying and selling interfaces and instruments to boost flexibility for his or her buying and selling methods. Primex is aiming to develop the variety of use instances for leverage in its v2, which is about for launch in mid-2024. With Primex v2, customers may have entry to new alternatives, together with leveraged liquidity provisioning on DEXs, leveraged liquid staking, and an enlargement of supported asset sorts past fungible tokens.
Contact data
CMO
Anton Demenko
Primex Finance
[email protected]
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