Primex Finance

Token

Rewards

Contribute

New York, USA, April 8th, 2024  
<a href="https://prmx.fi/43PkuB6" rel="noopener noreferrer nofollow" target="_blank">Primex Finance</a>, a non-custodial protocol for margin trading on decentralized exchanges, announces the launch of a new points-based community rewards initiative in partnership with&nbsp;<a href="https://coinlist.co/" rel="noopener noreferrer nofollow" target="_blank">CoinList</a>.  
The goal of the Contribute and Earn Rewards Campaign is to incentivize user engagement, as well as to boost lending and trading activity within the Primex ecosystem. Simultaneously, the program provides an excellent opportunity for active users to accumulate points and claim the top positions on the bi-weekly snapshot. By allocating 2% of the total Primex Token (PMX) supply to the initiative, Primex will distribute Early Primex Token (ePMX) rewards to the best-performing participants.  
As part of the Contribute and Earn Rewards Campaign, Primex leverages CoinList’s established platform and its community to foster ecosystem activity and onboard new lenders and traders to the protocol. Starting from April 8, 2024, the program will last for 12 weeks and will unfold in six different stages. Each stage will be live for two weeks, during which participants will be able to collect points proportional to their on-chain lending and trading activities on Primex.  
At the end of each stage, a snapshot of contestants’ points and on-chain activities will be taken to distribute ePMX rewards to the top 200 participants of the round. As the early, non-transferable version of the native PMX token, ePMX will eventually be replaced by the fully functional PMX following the protocol’s Token Generation Event later this year.  
Consequently, holders will be able to exchange their accumulated ePMX for PMX.  
Points are automatically reset after each round to ensure the fairness of the competition, providing both existing participants and newcomers with equal opportunities in subsequent rounds.  
To enter the competition, participants must complete the&nbsp;<a href="https://prmx.fi/4aOqwV3" rel="noopener noreferrer nofollow" target="_blank">Primex Onboarding Quest</a>&nbsp;so they can become familiar with the non-custodial spot margin trading protocol. Once joining, contestants can start collecting points by fulfilling the program’s criteria related to Traders and Lenders, as well as achieving various milestones. These details can be found in the Contribute and Earn Rewards Campaign article on the&nbsp;<a href="https://blog.primex.finance/" rel="noopener noreferrer nofollow" target="_blank">Primex blog</a>. Participants can track their performance for Lender and Trader activities on the<a href="https://prmx.fi/4amUY8F" rel="noopener noreferrer nofollow" target="_blank">&nbsp;Achievements Page</a>.&nbsp;  
<blockquote class="wp-block-quote">
 “The Contribute and Earn Rewards Campaign offers Primex users a unique opportunity to learn how to use the protocol while earning points to climb the Leaderboard rankings. Additionally, the 200 most active participants will be eligible for ePMX rewards, which can be exchanged for fully functional PMX tokens later on,” said Dmitry Tolok, Co-Founder of Primex. 
</blockquote>  
About Primex Finance  
Founded in 2021,<a href="https://prmx.fi/43PkuB6" rel="noopener noreferrer nofollow" target="_blank">&nbsp;Primex Finance</a>&nbsp;is a decentralized protocol for spot margin trading on DEXs. It connects lenders with traders, enabling traders to utilize lender liquidity for leveraged trading on popular DEXs. Primex offers traders familiar CEX-like trading interfaces and tools to enhance flexibility for their trading strategies. Primex is aiming to expand the number of use cases for leverage in its v2, which is set for release in mid-2024. With Primex v2, users will have access to new opportunities, including leveraged liquidity provisioning on DEXs, leveraged liquid staking, and an expansion of supported asset types beyond fungible tokens. 
The post <a href="https://optimisus.com/press-releases/primex-finance-announces-community-rewards-campaign-with-coinlist/" rel="noopener noreferrer nofollow">Primex Finance Announces Community Rewards Campaign With CoinList</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Primex Finance Announces Community Rewards Campaign With CoinList

Optimisus

Other articles published on Apr 8, 2024

Ethereum Surges Amid Whales’ Activity: Bullish Momentum Builds

Airdrop Guide for Fantasy V2: Live on Blast Testnet

Analyst Cites Favorable Market Trends That Could See Bitcoin Touch $300,000 This Cycle

Bitcoin to $85,000? Analyst Unveils Updated BTC Price Outlook

Binance: All the factors that helped BNB find its footing in 2024

1inch Network Launches Crypto Web3 Debit Card with Mastercard

Join our free newsletter for daily crypto updates!