Primex Finance Announces Community Rewards Campaign With CoinList

Primex
Finance,
a
non-custodial
protocol
for
margin
trading
on
decentralized
exchanges,
announces
the
launch
of
a
new
points-based
community
rewards
initiative
in
partnership
with CoinList.

The
goal
of
the
Contribute
and
Earn
Rewards
Campaign
is
to
incentivize
user
engagement,
as
well
as
to
boost
lending
and
trading
activity
within
the
Primex
ecosystem.
Simultaneously,
the
program
provides
an
excellent
opportunity
for
active
users
to
accumulate
points
and
claim
the
top
positions
on
the
bi-weekly
snapshot.
By
allocating
2%
of
the
total
Primex
Token
(PMX)
supply
to
the
initiative,
Primex
will
distribute
Early
Primex
Token
(ePMX)
rewards
to
the
best-performing
participants.

As
part
of
the
Contribute
and
Earn
Rewards
Campaign,
Primex
leverages
CoinList’s
established
platform
and
its
community
to
foster
ecosystem
activity
and
onboard
new
lenders
and
traders
to
the
protocol.
Starting
from
April
8,
2024,
the
program
will
last
for
12
weeks
and
will
unfold
in
six
different
stages.
Each
stage
will
be
live
for
two
weeks,
during
which
participants
will
be
able
to
collect
points
proportional
to
their
on-chain
lending
and
trading
activities
on
Primex.

At
the
end
of
each
stage,
a
snapshot
of
contestants’
points
and
on-chain
activities
will
be
taken
to
distribute
ePMX
rewards
to
the
top
200
participants
of
the
round.
As
the
early,
non-transferable
version
of
the
native
PMX
token,
ePMX
will
eventually
be
replaced
by
the
fully
functional
PMX
following
the
protocol’s
Token
Generation
Event
later
this
year.

Consequently,
holders
will
be
able
to
exchange
their
accumulated
ePMX
for
PMX.

Points
are
automatically
reset
after
each
round
to
ensure
the
fairness
of
the
competition,
providing
both
existing
participants
and
newcomers
with
equal
opportunities
in
subsequent
rounds.

To
enter
the
competition,
participants
must
complete
the Primex
Onboarding
Quest so
they
can
become
familiar
with
the
non-custodial
spot
margin
trading
protocol.
Once
joining,
contestants
can
start
collecting
points
by
fulfilling
the
program’s
criteria
related
to
Traders
and
Lenders,
as
well
as
achieving
various
milestones.
These
details
can
be
found
in
the
Contribute
and
Earn
Rewards
Campaign
article
on
the Primex
blog.
Participants
can
track
their
performance
for
Lender
and
Trader
activities
on
the Achievements
Page. 

“The
Contribute
and
Earn
Rewards
Campaign
offers
Primex
users
a
unique
opportunity
to
learn
how
to
use
the
protocol
while
earning
points
to
climb
the
Leaderboard
rankings.
Additionally,
the
200
most
active
participants
will
be
eligible
for
ePMX
rewards,
which
can
be
exchanged
for
fully
functional
PMX
tokens
later
on,”
said
Dmitry
Tolok,
Co-Founder
of
Primex.

About
Primex
Finance

Founded
in
2021, Primex
Finance is
a
decentralized
protocol
for
spot
margin
trading
on
DEXs.
It
connects
lenders
with
traders,
enabling
traders
to
utilize
lender
liquidity
for
leveraged
trading
on
popular
DEXs.
Primex
offers
traders
familiar
CEX-like
trading
interfaces
and
tools
to
enhance
flexibility
for
their
trading
strategies.
Primex
is
aiming
to
expand
the
number
of
use
cases
for
leverage
in
its
v2,
which
is
set
for
release
in
mid-2024.
With
Primex
v2,
users
will
have
access
to
new
opportunities,
including
leveraged
liquidity
provisioning
on
DEXs,
leveraged
liquid
staking,
and
an
expansion
of
supported
asset
types
beyond
fungible
tokens.

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.