Embassy in Singapore Cryptocurrency exchange Phemex This November celebrated its 2nd anniversary.For the derivatives platform, this is an eventful period, with its Choose your reality Activities, this anniversary will be a memorable day.

Phemex’s dedication to its users has created a thriving community, and to celebrate their impressive growth, the exchange invites participants to wish them a happy birthday by talking about their own dreams and aspirations. They also presented awards to participants who made the most creative wishes. Therefore, some special winners will see their dreams come true.

The company’s dedication to users is deeply rooted. Jack Tao, CEO and founder of Phemex, is a Wall Street veteran at Morgan Stanley. After observing the inner workings of the traditional financial system for more than a decade, he realized that retail investors are underserved compared with wealthier investors.

Jack and his former Morgan Stanley executive team launched the platform in 2019 to return power to the people. A platform that does not play favorites because it does not discriminate.From about three contract pairs, the exchange has developed into one of the largest exchanges in the world The most popular derivatives exchange. Now the hosting is over 40 spot pairs, 39 contract pairs, And has been ranked among the top 10 derivatives exchanges in terms of trading volume.

Committed to the community

Phemex takes a healthy approach to community feedback and encourages its users to talk about the problems they face on the platform. The exchange believes that a happy community is a community that constantly interacts with the platform. In the past two years, they have organized many activities and competitions to maintain community participation.

After its launch in 2019, the Phemex brand has launched an add-on to 2.1 Bitcoin Anyone who can find the private key hidden in the image will give it away. The goal is to help spread awareness about the self-custody of private keys, and they succeeded in doing so.

In May of last year, Phemex’s senior members were introduced to the “Zero Era”, announcing that the exchange’s spot trading would cancel all fees. Phemex also launched its Earn crypto platform Near the beginning of this year, enabling its community to earn up to 8.5% APY with a deposit of no less than 1.5 million USDT.

Community participation is more than just gifts and fulfilling functional requirements-it is about cultivating a sense of belonging, which Phemex did this year.More than a thousand traders participated in the launch of Phemex’s first ever NFT, minted and sold for $44 Ethereum On OpenSea.This artwork contains Ethereum The addresses of all participants in the cooperation activities, and the sales revenue is equally distributed by them.

Companies around the world are adopting blockchain technology to improve capital efficiency, but mainstream adoption will still take several years. The current generation of applications is still cumbersome to use, but as the industry continues to spread and promote education around the technology, adoption should only be a matter of time.In order to encourage users to learn more about digital assets and the technology behind them, Phemex launched Learn and earn Plan to provide rewards such as trading bonuses and cryptocurrency in exchange for completing educational courses.

The exchange even developed its own College The portal website has more than 400 in-depth articles on various blockchain and cryptocurrency related topics.

Gateway to the future

In 2021, the whole world may start to talk about Metaverse, But this concept has existed for decades. Metaverse is the development direction of social media technology. As the boundary between physical and digital continues to blur, Phemex believes that the power of digital ownership will become more and more important.

PhemexThe position on this vision for the future is firm, and their goal is to help transition to the future of society-a world where people can redefine themselves and realize any imaginable world.At the recent World Blockchain Summit held in Dubai, Jack Tao talked about the nuances of the metaverse narrative and how NFT Help shape the future of social digital economy.

In an event attended by more than 1,500 well-known experts from all over the world, he said: “NFT will continue to exist, not because some have been sold for millions of dollars, but because millions of dollars have been sold for some Price sale. Digital collectibles are not just a playground for encrypted whales; they are spreading in the direction of mass distribution.”

He also added that although no one knows exactly what Metaverse will look like, this is the point. “Meta universe will not be constructed by a few concentrated corporate groups-it will be assembled by billions of people.”

As NFTs continue to surprise the blockchain community in different ways, whether through their direct utility or using them in a unique way through the platform, the idea of ??digital ownership is slowly entering the public’s mind. With the rapid growth of niche industries such as GameFi, we have only seen the tip of the iceberg of NFT.

Last year, Phemex launched its own GameFi product to celebrate its first anniversary, allowing users to get rewards for playing games on the platform. This Singapore-based exchange is always willing to try very early technology to let users experience the future and be full of hope for the future.

This November, Phemex’s 2nd birthday Celebrating their dedication to quality, the spirit of distributed control, and their commitment to the community, encouraging them to break through the hustle and bustle of traditional finance and break into the new world of digital ownership.

To learn more about the project, please visit the website and follow the team on social media.

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