Phemex Launches Full Pre-Mining for Phemex Token (xPT): A Gateway to Crypto Opportunities

Phemex Launches Full Pre-Mining for Phemex Token (xPT): A Gateway to Crypto Opportunities

Phemex, known as the most efficient crypto exchange and crypto futures trading platform, has recently announced the launch of full pre-mining for its Phemex Token (xPT). This exciting development opens up new opportunities for users to participate in the Phemex ecosystem and earn rewards. Let’s explore the details and benefits of this groundbreaking initiative.

Giving away 2ETH & 5,000 xPT ‼️ #Phemex xPT Pre-Mining open-to-all
Like&RT this post to qualify

5 winners are picked to split #ETH prize
All qualified users share xPT #airdrop

The more like+RTs this gets, the bigger the prize
Invite friends to join!

Details in next tweet👉 pic.twitter.com/VeF5SE9ltp

— Phemex (@Phemex_official) July 10, 2023

 

Participating in xPT Pre-Mining

To take part in xPT pre-mining, users must hold a Phemex Soul Pass (PSP) and have traded more than $100,000 in volume within the last 30 days, including contracts and spot pairings. The Phemex Soul Pass is a unique Soulbound Token (SBT) that acts as an on-chain passport to the decentralized Web 3.0 era. By owning a PSP, users not only gain a piece of Phemex but also actively engage in platform governance.

Minting Your Phemex Soul Pass

To mint a Phemex Soul Pass, users need to follow two simple steps. First, they must connect their wallet to the official Phemex website. This wallet connection ensures a seamless and secure experience. Once connected, users can proceed to mint their Phemex Soul Pass directly on the Ethereum blockchain, creating a distinct digital representation of their ownership.

The Whitelist Stage and User Demand

During the whitelist stage, Phemex enrolled 961 whitelisted Soul Pass users. As of now, there are 1227 holders, predominantly comprising Phemex core partners and professional traders. Phemex understands the value of exclusivity during the early stages, and to facilitate growth, each user is allowed up to five buddy invites. The whitelist invitation system creates a sense of demand and scarcity, making the Phemex Soul Pass a coveted resource.

Benefits of Minting Phemex Soul Pass

Minting a Phemex Soul Pass brings several advantages to users:

  1. Earn xPT: By participating in xPT pre-mining, users can earn Phemex Tokens (xPT). These tokens hold value within the Phemex ecosystem and offer exciting possibilities for future growth and rewards.
  2. Become a Phemex DAO Contributor: The Phemex Soul Pass empowers users to actively contribute to the Phemex Decentralized Autonomous Organization (DAO). This engagement fosters a sense of ownership and influence within the platform’s governance, shaping its future direction.
  3. Phemex Web 3.0 Special Campaigns: Minting a Phemex Soul Pass opens doors to exclusive Phemex Web 3.0 special campaigns. These campaigns offer unique opportunities, promotions, and benefits to PSP holders, further enhancing their engagement with the platform.

Phemex’s Advantages as a Leading Crypto Exchange

As a world-leading crypto exchange, Phemex possesses numerous advantages that contribute to its popularity and success. The platform offers flexible on- and off-ramps, ensuring seamless transactions and access to the crypto market. Phemex’s user-friendly interface simplifies the trading experience, catering to both novice and experienced traders. Furthermore, deep liquidity ensures efficient order execution and a dynamic trading environment. Phemex’s commitment to transparency is evident through the implementation of wholly transparent and self-proving mechanisms, such as Proof-of-Reserve and Proof-of-Solvency, which were launched in November 2022.

Conclusion

The launch of full pre-mining for Phemex Token (xPT) marks a significant milestone in Phemex’s journey towards decentralization and user participation. By holding a Phemex Soul Pass, users gain access to exclusive benefits, earn xPT tokens, contribute to platform governance, and unlock special campaigns related to Phemex’s Web 3.0 initiatives. With its reputation as a world-leading crypto exchange, Phemex continues to offer a comprehensive and rewarding trading experience. Stay tuned for the exciting developments that lie ahead in the Phemex ecosystem.


FAQs (Frequently Asked Questions)

1. What is a Phemex Soul Pass (PSP)? A Phemex Soul Pass (PSP) is a Soulbound Token (SBT) that serves as an on-chain passport to the decentralized Web 3.0 era. It is the first-ever soulbound token used by a significant cryptocurrency exchange to decentralize ownership. PSP holders have the opportunity to own a piece of Phemex and actively engage in platform governance.

2. How can users participate in xPT pre-mining? To participate in xPT pre-mining, users must hold a Phemex Soul Pass (PSP) and have traded more than $100,000 in volume within the last 30 days, including contracts and spot pairings. Meeting these criteria makes users eligible for the pre-mining event.

3. What are the benefits of minting a Phemex Soul Pass? Minting a Phemex Soul Pass offers several benefits. Users can earn Phemex Tokens (xPT) through the pre-mining event. They also become contributors to the Phemex Decentralized Autonomous Organization (DAO) and actively participate in platform governance. Additionally, minting a Phemex Soul Pass grants access to special campaigns related to Phemex’s Web 3.0 initiatives.

4. How many users were whitelisted during the early stages of Phemex Soul Pass issuance? During the whitelist stage, Phemex enlisted a total of 961 whitelisted Soul Pass users. The number of holders has since grown to 1227, consisting mostly of Phemex core partners and professional traders.

5. What advantages does Phemex offer as a leading crypto exchange? Phemex is renowned for its flexible on- and off-ramps, user-friendly interface, and deep liquidity. These features facilitate seamless transactions, a smooth trading experience, and efficient order execution. Phemex’s commitment to transparency is evident through the implementation of Proof-of-Reserve and Proof-of-Solvency mechanisms, ensuring the integrity of user funds and platform operations.