Please check out latest news, expert comments and industry insights from Coinspeaker's contributors.
To support new listings, Phemex is launching the Solana Sprint Campaign, in which users can win $GMT, the token of the STEPN game.
Cryptocurrencies are gradually making their way into the mainstream. Traders, large and small, want a piece of the action. With new initiatives and currencies regularly entering the field, crypto usage is unquestionably on the increase. Indeed, the number of people holding cryptocurrencies in the world increased to almost 220 million at the start of the year, putting more money into the market in 2021 than in the previous five years combined.
The financial services provider, Phemex, has grown tremendously in the last year. It now boasts over 200+ spot trading pairs and will continue making new listings to meet popular demand. One of Phemex’s top priorities is to bring the most popular coins to their users. In the newest round of listing, Phemex listed 22 new trading pairs with popular tokens such as GMT, FIDA, GARI, and SHILL. Some of the most popular cryptocurrencies are represented, as well as some up-and-coming tokens with the potential to have a significant impact on the field.
New Coins Available on Phemex
Phemex is a safe and efficient platform for all crypto-related trading. Now, on Phemex, the coins/tokens available for practice trading are BTC, ETH, XRP, LINK, Cardano (ADA), and USDT. Furthermore, with the new listing, Phemex gives traders and crypto enthusiasts access to some of the most popular cryptocurrencies in the market. Here are some of the popular coins listed:
STEPN (GMT): STEPN is a blockchain-based lifestyle software that rewards users for exercising by incorporating parts of gaming finance (Game-Fi) and social finance (Social-Fi). STEPN launched its Green Metaverse Token (GMT) cryptocurrency in March, making it one of the first apps based on the notion of “move-to-earn.”
To provide consumers with virtual sneakers, the third-generation Internet (Web3) mobile app game uses non-fungible tokens (NFTs) on the Solana (SOL) blockchain. Walking or running outside earns users cryptocurrency tokens, which they can use in the game to sell assets or exchange for other currencies to cash out. The program tracks the user’s movement using the mobile device’s data signal and GPS.
Bonfida (FIDA): A Solana token that governs Bonfida, a product that aims to build a user interface, API, and data analytics for the Serum decentralized exchange. In addition, Bonfida seeks to create solutions for decentralized name service and a platform for NFT exchange on Solana.
GARI Network (GARI): The native token of Chingari, a ‘Made in India’ short video app. Chingari enables short-form video creators to monetize their content on the blockchain with the GARI token. Notably, Chingari is India’s fastest-growing short video app. The GARI aims to disrupt the creative economy by allowing video producers and digital artists to earn money in crypto for creating and sharing their work.
SHILL Token (SHILL): A utility token of Project SEED – the AAA Game Studio building a mobile-focused blockchain gaming ecosystem that utilizes Multi Blockchain and integrates Governance, GameFi, and NFT. SHILL Token usage includes all in-game transactions and staking to receive various benefits.
The 22 tokens listed by Phemex
Phemex will bring the most popular tokens to their users. Here’s the list of the new 22 tokens:
Phemex is a financial services company founded on the values of honesty, integrity, and trustworthiness. Phemex is the ideal solution for your crypto-financial needs, with a great vision, a devoted team, and a genuine interest in the interests of its consumers.
Phemex, led by eight former Morgan Stanley executives, seeks to create the world’s most reliable cryptocurrency derivatives trading platform. As they continue expanding with their community, they put their clients first and never compromise or quit their solid commitment to providing the most outstanding quality products and services.
Furthermore, they intend to provide significantly more powerful features than other exchanges. As a result, their crew is always available and collecting feedback, comments, and requests from their social media community.
To support its new listings, Phemex is launching the Solana Sprint Campaign, in which users can win $GMT, the token of the most popular game STEPN.
Don’t miss out on the opportunity to trade some of the most exciting coins in the market. Sign up with Phemex today.
Visit the official Phemex website for more details about the coin listing and to keep up with their future projects.