Primex Finance and CoinList have launched a new points rewards program to encourage user participation and boost lending and trading within the community.
The Contribute and Earn Rewards Campaign allocates 2% of the total Primex Token (PMX) supply to distribute Early Primex Tokens (ePMX) to top-performing participants. The initiative spans 12 weeks, divided into six stages, each lasting two weeks.
Participants can accumulate points through on-chain lending and trading activities on Primex, with snapshots taken at the end of each stage to reward the top 200 contributors.
These ePMX tokens, non-transferable initially, will later convert to PMX following the protocol’s Token Generation Event. Points reset after each round to ensure fairness and equal opportunity for all participants.
To join, users must complete the Primex Onboarding Quest and fulfill the program criteria outlined on the Primex blog. Dmitry Tolok, Co-Founder of Primex, emphasizes the campaign’s educational aspect, offering users a chance to learn while earning rewards.
Primex aims to expand leverage use cases with the upcoming release of v2, introducing leveraged liquidity provisioning and supporting additional asset types beyond fungible tokens
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