Primex Finance

Token

Contribute

Rewards

Primex Finance and CoinList have <a href="https://www.globenewswire.com/news-release/2024/04/08/2859511/0/en/Primex-Finance-Announces-Community-Rewards-Campaign-With-CoinList.html#:~:text=As%20part%20of%20the%20Contribute,unfold%20in%20six%20different%20stages." target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">launched</a> a new points rewards program to encourage user participation and boost lending and trading within the community.&nbsp;
The Contribute and Earn Rewards Campaign allocates 2% of the total Primex Token (PMX) supply to distribute Early Primex Tokens (ePMX) to top-performing participants. The initiative spans 12 weeks, divided into six stages, each lasting two weeks.
Participants can accumulate points through on-chain lending and trading activities on Primex, with snapshots taken at the end of each stage to reward the top 200 contributors.&nbsp;
These ePMX tokens, non-transferable initially, will later convert to PMX following the protocol’s Token Generation Event. Points reset after each round to ensure fairness and equal opportunity for all participants.
To join, users must complete the Primex Onboarding Quest and fulfill the program criteria outlined on the Primex blog. Dmitry Tolok, Co-Founder of Primex, emphasizes the campaign’s educational aspect, offering users a chance to learn while earning rewards.&nbsp;
Primex aims to expand leverage use cases with the upcoming release of v2, introducing leveraged liquidity provisioning and supporting additional asset types beyond fungible tokens
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/04/08/arthur-hayes-transfers-237000-gmx-triggers-price-drop/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Arthur Hayes Transfers 237,000 GMX, Triggers Price Drop</a>
</blockquote>

Primex Finance & CoinList Launch Reward Program

The Crypto Times

Andre artikler udgivet 9. apr. 2024

Will XRP Finally Hit the $1 Milestone, or Should You Look Towards More Ambitious Cryptos? Expert ...

AI News: Italy Introduces Stricter Bill To Combat AI Crimes

Crypto Whales Massively Accumulate Ethena Amid ENA Price Surge

From Pocket Change to Fortune: The Biggest Coin Strategy for $1M USD Wealth

IOTA price nears a key support: Can bulls bounce on key news?

US Treasury seeks new powers to curb crypto misuse by nations

Join our free newsletter for daily crypto updates!