Phemex Lists Metaverse Tokens After Staggering 2-Year Growth
Generally, getting a project listed on an exchange is an arduous and time-consuming process, especially with how many fraudulent projects there are out there. Phemex is known to take extra caution while listing tokens on its platform. This enables users to enjoy a more secure and seamless experience. This January, the exchange plans to launch a slew of new tokens, bolstering its already amazing range of trading pairings.
The Metaverse hype is in full steam, and with NFT projects surfacing to extremely positive responses, blockchain technology is receiving some well-deserved attention. Phemex has long since expressed its support for the Metaverse, and now it’s bringing some of the most popular NFT and metaverse-related tokens in space to the platform. These include SAND, ALICE, ANKR, GTC, YGG, AGLD, and SLP.
The Singapore-based exchange platform listed ENS, an Ethereum-based public decentralized identification protocol, along with decentralized encryption and access control protocol NuCypher. OCEAN, a decentralized data monetization initiative, and MASK, a network that enables users to exchange encrypted texts over Facebook and Twitter are also listed on the exchange.
Additionally, the ERC-20 edition of the USDC token is making its way to the platform. This will make transactions using the USD-pegged stablecoin much easier. Between January 15 and 31, Phemex plans to list 12 tokens on its derivatives and spot platforms, after which it will have a total of 52 token pairs to offer.
Furthermore, Phemex is hosting a special Metaverse edition of their popular Grab a Coin Campaign where users can join to win a variety of tokens such as SAND, ALICE, YGG, SLP and AGLD.
Phemex: Two Years of Advancements
In the last two years, Phemex has grown significantly. Two years may seem like a long time, but considering the series of events Phemex has hosted, the time has flown by. While celebrating its second-anniversary last month, the exchange arranged its “Dream With Phemex” contest to literally grant the wishes of a few lucky winners.
Since 2019, Phemex has been catering to its customers’ every need, organizing contests, spreading awareness through events, and generating hype with giveaways. Phemex announced the fourth season of its “Phemex Trader’s Arena” trading competition in November, inviting people to compete for a massive $750,000 prize pool.
With more than 40 trading pairs and 2 million members, the Singapore-based exchange has grown from just three contract trading pairs at inception to one of the most reliable crypto-derivatives exchanges in the world. Phemex aims to broaden its listing abilities to provide its users with additional choices in upcoming years.
Jack Tao observed the operations of Wall Street for almost a decade before resigning from his traditional finance job to build Phemex. After realizing how skewed the traditional financial system was, he co-founded the exchange platform with a team of veteran ex-Morgan Stanley executives.
Tao saw that blockchain technology had the potential to affect real change in the realm of financial services. Blockchain is already transforming the way people do business throughout the world. Informing people about its benefits was the first step towards widespread adoption.
Phemex also established its Learn and Earn program, which rewards users with trading incentives for completing courses on basic blockchain concepts. With blockchain technology, everyone can participate in the network without anybody owning it, dispersing power across incentivized players.
This is the foundation on which cryptocurrency transactions are conducted today, and this ethos of trustless cooperation is what’s helped the industry thrive over the last decade. Phemex places customer satisfaction as its highest priority, enabling it to stay true to its Wall Street heritage while still focusing on providing foundational services for retail investors on blockchain-based digital assets.
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