It’s been an eventful couple of years since Phemex was first founded back in 2019. The 2nd anniversary celebrations of Phemex saw the creation of the Singapore-based global crypto-derivatives marketplace. Phemex has a history of hosting engaging events for the community. Recently, they hosted a trading contest with over $750,000 in prize pools.

Besides its extensive Christmas campaign that’s giving away $120,000 in holiday presents, Phemex is also now distributing daily awards from a $200,000 pool to celebrate its 2nd anniversary with the Energy Crates campaign. Energy Crates will be a prize package that includes goodies such as trading bonuses, contract discounts and themed merchandise. Premium memberships are also available. You’ll definitely want to open these crates.

Phemex has made it easy for you to give these crates away this season. Energy Crates will run for 3 weeks beginning December 24th. Tell your friends to register and get involved! Additionally, by sharing the event on social media, your chances of opening a winning crate increases – the more, the merrier.

2-year anniversary energy crates

Every day of the event, each participant will be permitted to open up three energy containers. You can open each crates to find amazing goodies. Claim these prizes completely free of charge! The winnings from crates will accumulate and can be directly viewed by users on the event’s landing page.

Users will be required to complete the platform’s KYC process before being eligible to claim and use the rewards. More details on how participants can complete KYC on the platform can be found at Phemex’s user guide on the topic.

Although users are allowed to open as many as three crates each day, prizes may not be guaranteed for every one. Participants who post the event to social media have a greater chance of winning crates. Participants can open up to 63 crates throughout the three-week campaign, which is why the event lasts for all of it.

The landing page will list prizes from open crates until January 13th 2022 when the event ends. However, the awards will still be available even after the event is over. There will be prizes worth $200,000, and different types of rewards in different crates.

Users can win discounts on contracts trading. This can prove extremely helpful for people who frequently trade USD-margined perpetual contract or crypto currencies. Phemex just unveiled the inverse perpetual futures. This is a great time to look at that trading pair.

Some crates also contain trading bonus, giving traders an edge in the markets for profits. Some lucky participants can even win access to Phemex’s premium membership, which is highly lucrative for day-traders since it grants zero-free trading on all spot market orders.

Know Your Community

Users must sign up on Phemex to take part in the event. Non-KYC accounts are eligible to participate but they cannot access the rewards until KYC verification is completed. Participating accounts can’t be locked up or frozen.

Prizes will be distributed to users’ associated trading accounts. For example, contract discounts will be applied to users’ contract trading accounts, while spot trading bonuses will be applied to their spot accounts.

Premium rewards can be activated via Phemex’s Premium Membership page, and only main accounts are eligible to participate. In order to receive multiple bonus offers, users will be disqualified if they create multiple accounts using different email addresses. The exchange will ban accounts that are found to cheat.

This space is rapidly growing and has attracted investors from all parts of the world, particularly in the last 2 years. However, considering how the industry is built on a foundation of a digitized economy, it’s even more important to keep bad actors at bay.

Though fraudulent transactions can occur, the blockchain wasn’t designed to enable them. The blockchain platform must have better security measures to protect user funds. As scammers and hackers become more skilled at using technology for illegal activities, KYC will be a great help.

Phemex’s offerings have increased from three to almost 40 contract trading pairs in two years. It now has close to 2,000,000 users around the world. Phemex is ranked as one of the world’s top 10 derivative trading platforms and it meets all regulations, such as KYC and AML protocols.

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