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With a global community of 5 million users and a daily trading volume of $10 billion, Phemex plays in the upper league of crypto exchanges. If the company’s plans work, things could go even further.
Do you also want to become part of Phemex and the Web 3 ecosystem? Then let’s go to the token sale!
A step towards decentralization with Phemexia
The way to Phemexia Web 3.0 ecosystem began months before the company’s 4th anniversary. In a significant move, Phemex integrated decentralized elements into its platform and adopted a hybrid exchange model. This focus on the decentralized future brings the community to the forefront. This means that users of the platform can also benefit from its success.
The hybrid exchange model attracts users with a wide range of interests and thus offers the greatest possible approach for everyone. Because users can enjoy the reliability of centralized exchanges while benefiting from the autonomy of decentralized exchanges. Phemex offers its users the following advantages:
- Commitment to revenue sharing
- Using one Dutch auction mechanism to determine the fair value of the Phemex Token (PT)
- Providing staking options for governance purposes.
The upcoming token completes the package.
New Phemex Token (PT) in focus
The exchange is planning a token generation event for November 30th, where the new PTs will be issued. With the “Phemex Token to the Moon” event, including airdrops and the additional auction of tokens, the new cryptocurrency should get off to the best possible start. The aim of the auction is to ensure that users can purchase the tokens fairly and at appropriate prices. You can find out how to do this here.
The purchase should be worth it twice as much. Because right after launch, Phemex offers high returns for staking PT. PT holders gain access not only to daily dividends, but also to the vePT token and therefore governance rights over platform operations, growth, partnerships and custody through the PhemexDAO.
Phemex Token: The launch schedule
With the Phemex token, the exchange wants to provide a key to the Web 3.0 ecosystem. With it, traders can become an integral part of the stock exchange. Through staking they receive daily dividends and vePT for governance purposes. Phemex relies on robust tokenomics including a burn mechanism and long-term value preservation for the entire community. The token is launched in the following steps:
The Phemex token auction (on November 28th from 1:00 p.m. to 7:00 p.m.): Secure your share of PT through an exciting and fair auction. To ensure a risk-free mechanism, Phemex offers a 14-day return period.
Token generation event (on November 30th, 2 p.m.): Witness the launch of the most anticipated token of 2023. Phemex invites you to enter the future of trading with this historic launch.
Staking (on November 30th, 1 p.m.): The launch of the Phemex token will be boosted by staking, with a portion of the profits being made available to holders. This will give you additional income, up to 1000% APR and discounted trading fees.
Do you also want to become part of Phemex and the Web 3 ecosystem? Then let’s go to the token sale!
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