Place/Date: - December 19th, 2021 at 11:32 am UTC · 4 min read
Contact: Phemex, Source: Phemex
Christmas is in the air, and the smell of presents, holidays and cheer permeates worldwide. The globally celebrated festival season has a myriad of effects on different business sectors, and the Web3 ecosystem is no exception. Last Christmas, Bitcoin touched its all-time high for the year at $24,600 a coin. With how far the space has grown since then, things could get pretty wild this December.
Whether Bitcoin will reach a new ATH in 2021 is still yet to be revealed, but the industry is undoubtedly maturing, boasting a market capitalization nearly four times larger than at the start of the year. ‘Tis the season to be jolly, and Phemex is bringing its latest campaign to make it even merrier. Christmas is a day of giving, and on this special day, Singapore’s premier digital asset derivatives exchange is giving out some fantastic presents.
Counting down the days to December 25, Phemex is conducting an extensive campaign and giving away $120,000 in prizes. That’s not all – a few lucky winners might also have an iPhone 13 Pro Max waiting for them.
Participants are required to visit Phemex and register for the event using their Phemex UID. They then must complete a list of tasks, which includes following the exchange’s various social media accounts, sharing some posts with their followers, and completing the KYC process on the platform. This is similar to Phemex’s Christmas campaign last year, during which the crypto-derivatives exchange gave away a Tesla Model 3.
Additionally, Phemex is offering lucrative bonuses for completing additional tasks like depositing BTC and ETH tokens, exceeding a certain contract trading volume, and answering a question. The campaign will take place from December 14 till Christmas day, and the winners will be announced on January 3, with prize distribution taking place in the following weeks.
There are four separate prize pools, giving participants four different ways to win. The first is an airdrop, with a thousand randomly selected lucky users sharing a $20,000 prize pool. However, the second prize pool will be shared by a much smaller group – 10 lucky winners will be selected to win an iPhone 13 Pro Max each. Users must have completed at least 11 of the campaign actions to be eligible for this prize pool, and the winners will be picked via lucky draw.
A third pool worth $40,000 is reserved for those participants who complete the tasks involving contract trading volumes, while the fourth and final $40,000 pool is allocated for participants who complete tasks related to making deposits on the exchange.
Both pools will be distributed on a first-come-first-serve basis, so get depositing and trading before the prize pools runs out! The trading period extends for the campaign duration, and deposits will only be eligible for prizes if they are held on the exchange until December 25.
Winners will be contacted by January 3 on their registered emails by [email protected], with prize distribution starting from the 24th onwards. Users can only participate using a single account, and only main accounts are counted. If a participant is found using multiple accounts, they will be disqualified from receiving prizes. Further, users must ensure their Phemex UID is accurate and linked to their Gleam email address to receive rewards.
From just three contract pairs at launch, Phemex has grown manifold over the last two years, currently supporting over 40 spot pairs, 39 contract pairs, and hosting nearly 2 million users. The exchange conducts events regularly to stay in touch with its community, and aggregators like CoinMarketCap have listed it as one of the world’s top derivatives trading platforms for digital assets.
Presents are always welcome on Christmas, and cryptocurrency is a gift that keeps on giving. Phemex’s Christmas Special campaign aims to celebrate both the holiday and blockchain’s explosive growth in 2021 by giving back to the community that gave it life.