The Primex Finance Community Rewards Initiative: A New Opportunity for User Engagement
Primex Finance, a protocol for margin trading on decentralized exchanges, has launched a points-based community rewards initiative in collaboration with CoinList. The Contribute and Earn Rewards Campaign aims to incentivize user engagement and increase lending and trading activity within the Primex ecosystem. Participants can accumulate points and compete for rewards by actively participating in the program.
The Contribute and Earn Rewards Campaign Details
- Primex is partnering with CoinList to promote ecosystem activity and attract new users
- The campaign will run for 12 weeks, divided into six two-week stages
- Participants earn points based on their lending and trading activities on Primex
- Top 200 participants in each stage will receive Early Primex Token (ePMX) rewards
- ePMX will be converted to PMX after the protocol’s Token Generation Event
- Points are reset after each round to ensure fair competition
How to Participate in the Campaign
To join the Contribute and Earn Rewards Campaign, participants must complete the Primex Onboarding Quest to familiarize themselves with the trading protocol. Once onboarded, contestants can start earning points by meeting specific criteria for both Traders and Lenders, as well as reaching various milestones. Details of the campaign can be found on the Primex blog.
- Complete the Primex Onboarding Quest to participate
- Earn points by fulfilling trading and lending criteria
- Track progress on the Achievements Page
Benefits of the Campaign
According to Dmitry Tolok, Co-Founder of Primex, the campaign provides users with a chance to learn about the protocol while earning rewards. Active participants have the opportunity to climb the leaderboard rankings and receive ePMX rewards that can later be exchanged for PMX tokens.
About Primex Finance
Primex Finance was founded in 2021 as a decentralized protocol for spot margin trading on decentralized exchanges. It facilitates interactions between lenders and traders, allowing traders to leverage lender liquidity for trading on popular DEXs. Primex aims to enhance flexibility for traders and expand the use cases for leverage in its upcoming version 2 release in mid-2024.
Exciting Developments in Primex v2
- New opportunities for leveraged liquidity provisioning on DEXs
- Leveraged liquid staking
- Expansion of supported asset types beyond fungible tokens
Hot Take: Unlocking Benefits Through the Primex Community Rewards Initiative
The Contribute and Earn Rewards Campaign by Primex Finance presents a unique opportunity for users to engage with the protocol, earn rewards, and compete for top positions. By leveraging CoinList’s platform and fostering ecosystem activity, Primex is set to attract more users and expand its reach in the decentralized trading space. Active participation in the campaign not only allows users to accumulate points but also positions them to receive valuable rewards that can be exchanged for native PMX tokens. With exciting developments on the horizon in Primex v2, participants can look forward to new opportunities and enhanced trading capabilities on decentralized exchanges.
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