Phemex Is Celebrating Its 2nd Anniversary by Giving Away $200,000 in Prizes for Free

It’s been an eventful couple of years since Phemex was first founded back in 2019. As part of its 2nd-anniversary celebrations, the Singapore global crypto-derivatives platform is letting you in on the fun. Phemex is quite familiar with creating engaging events and giveaways for its community, having recently hosted a trading competition with a prize pool of over $750,000!

Besides its extensive Christmas campaign that’s giving away $120,000 in holiday presents, Phemex is also now distributing daily awards from a $200,000 pool to celebrate its 2nd anniversary with the  Energy Crates campaign. These prizes come in the form of Energy Crates, which will contain goodies ranging from trading bonuses and contract discounts to themed merchandise and free premium memberships. You’ll definitely want to open these crates.

The season of giving is upon us, and Phemex is giving out these crates for free! The Energy Crates event will last for three weeks starting December 24, so tell your friends and register now! Additionally, by sharing the event on social media, your chances of opening a winning crate increases – the more, the merrier.

2nd Anniversary Energy Crates

Participants will be allowed to open up to three energy crates every day during the event. Each crate may contain some fantastic goodies, and opening and claiming these rewards is entirely free! The winnings from crates will accumulate and can be directly viewed by users on the event’s landing page.

Users will be required to complete the platform’s KYC process before being eligible to claim and use the rewards. More details on how participants can complete KYC on the platform can be found at Phemex’s user guide on the topic.

Though users can open up to three crates per day, not every crate guarantees a prize. However, participants who share the event on social media will enjoy increased chances of obtaining winning crates. Since the event runs for three whole weeks, this gives participants up to 63 free crates to open throughout the campaign.

Prizes from opened crates will be listed on the landing page till January 13, 2022, when the event closes, but the awards will remain even after the event has ended. A total of $200,000 will be given away in prizes, with different crates containing different kinds of rewards.

Of the various prizes that users can win, some are discounts on contract trading, which can be extremely useful for users who regularly trade crypto or USD-margined perpetual contracts. Phemex recently unveiled its inverse ETHUSD perpetual futures, so this would be an excellent time to check out that trading pair!

Other crates contain trading bonuses, which give users an extra edge when playing the market for gains. Some lucky participants can even win access to Phemex’s premium membership, which is highly lucrative for day-traders since it grants zero-free trading on all spot market orders.

Know Your Community

To participate in the event, users must be registered on the Phemex platform. While non-KYC accounts can participate, they will only be able to access rewards after completing KYC verification. Additionally, participating accounts cannot be in a locked or frozen state.

Prizes will be distributed to users’ associated trading accounts. For example, contract discounts will be applied to users’ contract trading accounts, while spot trading bonuses will be applied to their spot accounts. 

Premium rewards can be activated via Phemex’s Premium Membership page, and only main accounts are eligible to participate. This also means the platform will disqualify users who create more than one account using multiple email addresses in the hopes of receiving multiple bonuses. Accounts deemed to be cheating will be banned from using the exchange.

The cryptocurrency space has been advancing rapidly, attracting investors from all over the globe, especially in the last two years. However, considering how the industry is built on a foundation of a digitized economy, it’s even more important to keep bad actors at bay. 

Though fraudulent transactions can occur, the blockchain wasn’t designed to enable them. As hackers and scammers become better at using the technology for illicit activities, blockchain platforms must introduce better standards to keep user funds safe, and this is where KYC can help.

Phemex has evolved remarkably in just two years, expanding its offerings from just three contract pairs to nearly 40 spot and contract trading pairs and amassing close to 2 million users worldwide. Today, the exchange ranks among the top 10 derivatives trading platforms globally and is fully compliant with regulatory requirements, including KYC and AML (Anti-Money Laundering) protocols.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content was purely for informational purposes only and not intended to be investing advice.

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