Primex Finance Announces Launch Of Community Rewards Campaign With CoinList

In collaboration with CoinList, Primex Finance, a non-custodial protocol for margin trading on decentralized exchanges, has announced opening a brand-new point-based community rewards program.

The Contribute and Earn Rewards Campaign aims to increase lending and trading activities inside the Primex ecosystem while providing user engagement incentives. In addition, the program offers frequent users a great chance to gain points and take the top spots on the fortnightly snapshot. Primex will award the top-performing participants with Early Primex Tokens (ePMX) by dedicating 2% of the whole Primex Token (PMX) supply to the program.

Primex uses CoinList’s well-established platform and community to promote ecosystem activity and onboard new lenders and traders to the protocol as part of the Contribute and Earn Rewards Campaign. The program will begin on April 8, 2024, and run for 12 weeks into six phases. Participants can accrue points based on their on-chain lending and trading activity on Primex during each stage’s two-week duration of operation.

The top 200 players in each round will get ePMX awards, which will be determined by taking a snapshot of the contenders’ points and on-chain activity after each round. After the protocol’s Token Generation Event later this year, the fully functional PMX token will eventually replace ePMX, the early, non-transferable version of the native PMX token. As a result, holders will have the option to convert their collected ePMX into PMX.

To maintain the competition’s fairness, points are automatically reset at the end of each round, giving both returning players and newcomers an equal chance to advance to further stages.

“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.

Participants must finish the Primex Onboarding Quest to register for the competition and gain familiarity with the non-custodial spot margin trading protocol. After signing up, participants can earn points by meeting the program’s requirements concerning Lenders and Traders and reaching different benchmarks. The Primex blog post “Contribute and Earn Rewards Campaign” contains these specifics.

On the Achievements Page, participants can monitor their performance for Trader and Lender operations.