2 Years of Dedication: How Phemex’s Community-Focused Approach Has Paid Off 

On November 25th, Phemex is celebrating its 2nd anniversary with an incredible campaign. One of Singapore’s fastest cryptocurrency trading and derivatives platforms has expanded rapidly over the last couple of years, and it now wants to give back to the community that made it all possible.

The campaign, dubbed “Choose Your Reality,” is Phemex’s way of celebrating all it’s achieved so far, making it their mission to help people Break Through and Break Free. It is well-known that the traditional frameworks for financial services are inefficient and unfair. As blockchain technology continues to digitize and decentralize the world, fresh opportunities for financial freedom are gradually emerging.

Phemex’s user base has provided consistent support to the platform, enabling it to grow as a symbol of trust and reliability. At the same time, it guides the bravest surfers of the crypto market into a more well-designed reality for finance. The campaign will also feature a ‘Dream with Phemex’ event, where participants will be encouraged to send in their deepest desires, dreams, and goals in written form with the option of including a short video clip. These user dreams will be featured on the page.

In February next year, ten winners will be selected, and Phemex will make their dreams come true. For more details about the event, check out the official announcement page. Phemex credits its community for making its dreams come true, and it’s giving back with its second anniversary on the horizon.

Having launched just two years ago with three contract pairs, Phemex Exchange has turned into a recognizable competitor on a global scale. Today, it boasts over 40 spot pairs, 39 contract pairs, and over 1.5 million users. Phemex was built with the core ideology to prioritize its investors first.

Phemex has an intricate and detailed history. The platform has conducted a plethora of events and offered services by popular demand. These actions cement its reputation as a user-first platform with plenty of features.

In 2019, soon after its launch, the exchange hosted a puzzle on social media. It challenged the community to find the private key to a Bitcoin wallet containing 2.1 BTC within an image. The event went viral and was aimed at spreading awareness about private key self-custody along with its advantages and perils.

In a push to help those suffering from the COVID-19 outbreak in Wuhan, last February Phemex launched a relief fund in collaboration with Twitter user STAKT. The exchange was able to send 10,000 masks from Japan to the pandemic’s epicenter, assisted by doctors and volunteers from the Wuhan People’s hospital.

The following month, Phemex declared “The Era of Zero,” introducing zero-fee spot trading for all of the exchange’s premium members. In March, Phemex also announced it would be partnering with Banxa, a global fiat on-ramp that makes it easier to purchase digital assets using credit and debit cards. The platform even added OTC services in February 2021.

After a strong start to the year with the launching of the ‘Earn Crypto’ program, which allows traders to earn interest on crypto deposits up to 1.5 million USDT, Phemex listed its first-ever NFT (Non-Fungible Token) on OpenSea via a collaborative effort with its community. The artwork, containing a thousand ETH deposit addresses belonging to Phemex users participating in the event, was auctioned for 44 ETH (worth $100,000 at the time). The proceeds were divided evenly between participants.

In May, Phemex conducted a campaign in search of the ‘Bitcoin Pizza Guy,’ offering the Florida-based programmer a chance to deposit his 10,000 BTC once more, but this time for more than just pizza. As part of the event, for a single day of deposits, Phemex allowed him to withdraw all profits from the platform’s Earn Crypto program, which would have amounted to around $120,000 in interest.

Blockchain is evolving, and to incentivize users to stay informed about the technology, Phemex built its ‘Learn and Earn’ platform a few months later. Its Academy portal also contains more than 400 detailed articles.

With an impressive past behind it, Phemex is keeping a hopeful eye on the future. As a frequent adopter of nascent technologies, the exchange even launched its own GameFi product to celebrate its anniversary last year. This November, to celebrate its second year in the blockchain industry, Phemex is making its commitment to its ideals even stronger through inspiration from the metaverse.

The metaverse is a symbol of social media technology’s evolution, and Phemex wants to see it become a reality. It envisions a world where people can change their destinies and achieve anything they want. With ‘Choose Your Reality,’ Phemex aims to catalyze this transition and aid people in reaching their goals.

Recently in Dubai at the World Blockchain Summit, Phemex CEO Jack Tao spoke about how NFTs were pushing the metaverse narrative forward. The event was attended by over 1500  blockchain industry experts.

“NFTs are here to stay, not because some have been sold for millions of dollars, but because millions have been sold for some dollars. Digital collectibles are not only the playground of crypto-whales; they are spreading in the direction of mass distribution,” he said. “No one quite knows what it will look like, but that’s sort of the point. The metaverse won’t be constructed by a handful of centralized conglomerates — it’ll be assembled by billions of people.”

‘Choose Your Reality’ is Phemex’s way of expanding its market appeal while catering to existing users.