Token2049 Dubai was a vibrant gathering that brought together over 5,000 companies on April 18-19 at the iconic Madinat Jumeirah. The event showcased the latest advancements in blockchain and cryptocurrency. One of the notable participants was Phemex, a global crypto derivatives exchange that actively engaged attendees through insightful sessions and discussions over the course of the two-day event.
To kick off Token2049, Phemex hosted the Bulls & Bears pre-party at the SLS Hotel on April 17. Despite the unexpected weather conditions, the evening was filled with insights and celebration. The event began with a glamorous red carpet walk, followed by opening remarks from the founder of Phemex.
The evening featured a range of activities, including expert insights from prominent figures like Cointelegraph CEO Yana Prikhodchenko, who shared her perspective on the growing trends in crypto media. A panel discussion with well-known crypto pioneers further explored cutting-edge topics in the industry.
During the event, Stella Chan, the COO of Phemex and co-founder of Pulse, proudly introduced the holders of the Phemex BlackCard. She also provided valuable insights into the innovative features of Pulse and the newly launched Phemex Lending Protocol.
When asked about Pulse, the SocialFi platform launched in March, co-founder Stella Chan shared their plans: “Pulse shifts the paradigm from the tightly controlled and centralized framework of traditional social media to a user-empowered experience. It grants users the freedom to tailor their feeds and share insights that are relevant to the crypto community.”
At Token2049, Phemex had a booth where attendees could participate in exclusive interviews and connect with the Phemex team. The event provided the perfect opportunity for the Phemex team to strengthen their relationships with the community, fostering personal connections and enhancing the networking experience that embodies the spirit of the event.
Phemex CEO Federico Variola delivered a keynote speech at Token2049, where he discussed the expanding role of crypto beyond trading. He highlighted its evolution into a complex social ecosystem, stating:
Variola also emphasized the development of an on-chain identity shaped by activities such as collecting nonfungible tokens (NFTs), trading, and participating in various protocols, which enrich the traditional online persona.
In response to traders’ increasing desire for greater control over their digital lives, Variola highlighted Phemex’s advancement in its hybrid decentralized finance (DeFi) stack. This stack combines on-chain experiences with the efficiency of centralized platforms. Initiatives include a lending protocol that offers competitive rates and a proprietary automated market maker (AMM) protocol. The AMM protocol leverages the exchange’s trading volume to provide lucrative opportunities for liquidity providers without diluting token supply.
Variola concluded by reiterating Phemex’s commitment to its core exchange functions. The company plans to continue listing new and popular tokens that capture emerging market narratives, from memes to artificial intelligence (AI).
As Token2049 came to a close, Cointelegraph caught up with Phemex COO and Pulse co-founder Stella Chan. Amidst a bustling event filled with networking, innovation, and grand visions, Chan expressed unwavering confidence in Phemex’s dedication to turning Web3 innovations into reality.
“We’ve built an entire Web3 ecosystem, committed to decentralization, launched our own token, and introduced a groundbreaking SocialFi tool – all within the past year – while still providing a seamless trading experience to our traders worldwide,” stated Chan. She also described the future trajectory for Pulse, reaffirming their dedication to user satisfaction and growth. Chan announced plans for expansion into new regions and hinted at the upcoming release of new features.
To learn more about Phemex, visit their website.
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