• Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
Facebook X (Twitter) Instagram
Trending
  • KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack
  • Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple
  • Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations
  • Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute
  • Yemenis are embracing DeFi in response to US sanctions on the Houthi group
  • Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst
  • Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support
  • Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’
Facebook X (Twitter) Instagram
CoinovelCoinovel
  • Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
CoinovelCoinovel
Home » Community engagement on social trading platform leads to crypto rewards
Community engagement on social trading platform leads to crypto rewards
Community engagement on social trading platform leads to crypto rewards

Community engagement on social trading platform leads to crypto rewards

0
By admin on 2024-03-21 Blockchain

Phemex, a prominent cryptocurrency trading exchange, has recently introduced a new feature called PhemexPulse within its Web3 ecosystem. This feature aims to transform community engagement into tangible rewards and strengthen the bond among traders and enthusiasts. The platform has already gained attention in the crypto sphere, especially after influential crypto figure Ben Armstrong listed his unique digital assets, leading to significant growth for his group members who possess these exclusive items.

The emergence of cryptocurrencies originally sought to empower individuals by returning financial control to their hands, offering unprecedented autonomy and control compared to traditional finance. Central to realizing this transformative vision is the role of vibrant and active communities.

Communities are not simply peripheral supporters; they serve as catalysts for wider adoption and integration of cryptocurrencies into everyday life. Through community-driven initiatives, knowledge about innovative applications and insights into fluctuating market trends can be disseminated more effectively.

In decentralized projects, communities go beyond being mere audiences and actively participate in governance, wielding collective power to steer projects through democratic processes. Additionally, communities provide a supportive network, offering valuable resources for education, troubleshooting, and shared experiences. The strength of these community networks is crucial in ensuring the dynamism and inclusivity of broader crypto ecosystems.

Recognizing the importance of communities, Phemex, a crypto trading platform, has introduced PhemexPulse. This social trading feature is designed to foster decentralized, community-driven innovation by integrating with the Phemex Web3 ecosystem. PhemexPulse creates a space where traders and cryptocurrency enthusiasts can connect, share insights, and leverage their digital presence for potential earnings.

The social trading feature operates on a model where both followers and content creators, such as influencers and key opinion leaders (KOLs), can earn rewards. Influencers like Ben Armstrong have already established groups on the platform and listed their unique digital assets.

Phemex empowers creators to establish their own communities funded by Phemex, allowing followers to join and interact with their favorite influencers and fellow enthusiasts. Daily activities on the platform, such as messaging, trading, and referrals, are converted into a points-based reward system. Group owners and their followers can earn points through simple actions that are part of their everyday online experiences.

A notable feature of PhemexPulse is its scoring system, which translates social media engagement into tangible rewards. While users can earn points through various activities, they can convert these points into Phemex Tokens (PTs) three times a day. This scoring system encourages consistent engagement from users, providing a pathway to earn cryptocurrency as a reward for their contributions.

PhemexPulse also includes an Inscription Marketplace where users can trade and collect exclusive digital assets tied to notable figures in the crypto world. This marketplace serves as a venue for economic activity and fosters a sense of community among followers and their preferred KOLs.

Ben Armstrong, a prominent KOL, selected the PhemexPulse Inscription Marketplace for his unique digital assets, inspiring followers to obtain and retain these coveted items. Due to their scarcity and the vibrant engagement fostered by the platform, these digital assets experienced a 7296% surge in value within hours of their launch. They continued to grow, reaching a new all-time high of 115 PT on March 20, representing an additional 56% increase and an overall growth of 11,400% since their initial ATH. A user who initially obtained 10 assets on the first day and earned 10 PT now possesses 1000 PT, a tenfold increase achieved within a week.

Phemex emphasizes its dedication to building a vibrant and engaging community, which serves as the foundation for its Web3 ecosystem, Phemexia. The ecosystem has already attracted over 30,000 members, highlighting its appeal within the crypto community. The introduction of PhemexPulse aims to enhance the user experience and increase community involvement, as emphasized by Stella Chan, the chief operating officer of Phemex.

Phemex’s launch of PhemexPulse reflects a broader trend in the cryptocurrency industry toward creating more interconnected and community-driven platforms. By combining elements of social media, trading, and digital collectibles, Phemex aims to offer a comprehensive ecosystem that caters to the diverse needs and interests of the crypto community. As the platform continues to evolve, it is likely to influence how traders and enthusiasts interact within the digital asset space.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Yemenis are embracing DeFi in response to US sanctions on the Houthi group

Polygon’s Nailwal: The Jio Partnership Will Propel Real-World Web3 Adoption for 450 Million Users

Babylon’s Total Value Locked Decreases by 32% as Wallets Unstake $1.2B in Bitcoin

  • Popular
  • Latest
  • Hot comments
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

Latest Gallery

Latest Recommendations
2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

2025-04-18 Regulations Security

Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute

2025-04-18 Blockchain

Yemenis are embracing DeFi in response to US sanctions on the Houthi group

2025-04-18 Regulations Security

Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst

2025-04-18 Cryptocurrency

Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support

2025-04-18 News

Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’

2025-04-17 Blockchain

Polygon’s Nailwal: The Jio Partnership Will Propel Real-World Web3 Adoption for 450 Million Users

2025-04-17 Blockchain

Babylon’s Total Value Locked Decreases by 32% as Wallets Unstake $1.2B in Bitcoin

2025-04-17 Regulations Security

OpenAI pursued a deal with Anysphere prior to shifting its focus to WindSurf

2025-04-17 Analysis

Bitcoin Gold’s Imitation Strategy Could Surpass $150K as BTC Remains ‘Remarkable’

2025-04-17 Cryptocurrency

AI Tokens and Memecoins Dominate Cryptocurrency Narratives in Q1 2025: CoinGecko

2025-04-17 Cryptocurrency

Four Reasons Why the Price of Bitcoin Could Surge to $90,000 in April

2025-04-17 News

Trump Criticizes Powell for Delaying Interest Rate Cuts, Calling It ‘Too Late’

2025-04-17 News

Wyoming Commission Considers Whether Stablecoin Falls Under SEC Regulations

About
About

Coinovel is an enthralling novel of cryptocurrencies. Engage with narratives, delve into stories, and journey through the captivating world of digital currencies.

X (Twitter) Telegram
Popular posts
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

Copyright © 2025 coinovel. All rights reserved.
  • Home
  • Cryptocurrency
  • Blockchain
  • Regulations Security
  • Analysis
  • Insights
  • News
  • Getting Started

Type above and press Enter to search. Press Esc to cancel.