Nikolas Sargeant
Major cryptocurrency exchange Phemex has announced the launch of PhemexPulse, a cutting-edge social trading platform, on March 12, 2024. This innovative feature is set to redefine the dynamics of the cryptocurrency community by enabling users to monetize their digital interactions while fostering a culture of collaboration and communication.
PhemexPulse is seamlessly integrated into Phemex's existing Web 3.0 ecosystem, aiming to serve as the core of the crypto social sphere. The platform encourages users to engage more deeply with the community by offering them the opportunity to earn rewards for their participation and trading activities.
Phemex has launched a series of initiatives, such as Phemexia, that are redefining the Web3.0 landscape. Founded in Singapore, Phemex is known for their flat fee model that you can reduce by using the native token. Read more and sign up directly from our Phemex review.
Earning Potential through Engagement
PhemexPulse introduces a unique point system where users can accrue points through various activities. Sending a single message earns users 50 points, trading activities contribute 20 points, and referrals to new users add another 10 points, with a limit of 10 referrals per day. Additionally, every $10,000 traded garners 1 point, with an overall daily earning cap of 270 points for each user.
Reward System and Conversion Rates
The platform has established a daily reward pool of 5400 PT, distributed across three time slots each day, each offering varying conversion rates for points into PT rewards. The first slot allows conversion of the initial 120 points at a high rate of 1 point = 5 PT, followed by a mid-conversion rate slot where 1200 points can be converted at 1 point = 0.5 PT, and finally, a standard rate slot for converting the subsequent 6000 points at 1 point = 0.1 PT. Each slot has a designated quota of 600 PT available for conversion, encouraging users to participate actively and early to maximize their rewards.
