Primex Finance and CoinList have introduced a new rewards program called “Contribute and Earn” to motivate users and increase activity in lending and trading on their platform. This initiative distributes Early Primex Tokens (ePMX), which account for 2% of the total PMX token supply, to top contributors over a period of 12 weeks. The program is structured into six phases, with each phase lasting for two weeks.
On Primex, individuals can earn points by engaging in on-chain lending and trading actions. At the conclusion of each phase, the top 200 point collectors will be recognized and rewarded. Initially non-transferable, these ePMX tokens will eventually transform into PMX during the Token Generation Event. The points tally is reset after every round to promote a level playing field for all participants.
To become a member, users need to finish the Primex Onboarding Challenge and meet the requirements stated on the Primex blog. Dmitry Tolok, Primex’s Co-founder, highlights the educational aspect of this campaign, allowing users to gain knowledge while earning incentives. Primex intends to broaden the application of leveraged use with the launch of v2, which includes leveraged liquidity provisioning and support for various asset types beyond fungible tokens.
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2024-04-09 00:52