Blockchain Press Releases
Phemex Officially Launches Much-Anticipated Full Pre-Mining for Phemex Soul Pass Holders
MILAN, July 10, 2023 /PRNewswire/ — Phemex, a leading crypto exchange platform, officially launched full pre-mining for its Phemex Token (xPT) on Thursday July 6, 2023 at midnight (0:00 UTC), further crystallizing the concept of its revolutionary hybrid semi-centralized crypto exchange model that combines the advantages of centralized and decentralized platforms to focus on trust, transparency, and user empowerment for a more reliable trading experience. Any user or organization with a Phemex Soul Pass (PSP) who has traded over US$100,000 in trading volume in the prior 30 days (including contracts and all spot pairs) can participate in xPT pre-mining. Once their PSP is minted, users will automatically be eligible for the pre-mining event, with no additional steps required.
During the whitelist stage, Phemex enlisted a total of 961 whitelisted Soul Pass users, with this number currently surpassing 1,228, most of whom are Phemex core partners and professional traders. Phemex has given each user a maximum of five friend invitations, so things are growing fast, and interest is spreading rapidly as this early stage is exclusively for users within the whitelist invitation system, making it a scarce resource. With the xPT pre-mining full release on Thursday, a large influx of new users is expected.
As a world-leading crypto exchange, Phemex already possesses the advantages of flexible on- and off-ramps, a user-friendly interface, and deep liquidity, as evidenced by the wholly transparent and self-proving Proof-of-Reserve and Proof-of-Solvency mechanisms Phemex launched in November 2022. By innovating the Phemex Soul Pass to build a transparent Web3 reputation system, Phemex has also unlocked decentralized finance (DeFi) opportunities including, trustworthy decentralized autonomous organization (DAO) management, automated market maker (AMM) liquidity provider integration, decentralized credit scores, and a lending protocol that supports uncollateralized loans.
Phemex recognizes the ever-evolving nature of the blockchain space. Initially focusing on financial use-cases, cryptocurrencies have paved the way for a new exchange model and the Company believes that by combining the strengths of centralized and decentralized exchanges, transparency, accountability, security, and community involvement can be enhanced. Phemex has established a DAO for decentralized governance and increased community engagement and through their hybrid exchange model, the Company aims to empower users and partners, enabling them to actively participate in decision-making and profit-sharing. With a commitment to transparency and community involvement, Phemex strives to create a more inclusive and fair financial future.
Decentralization, especially DeFi, has been continuing to make monumental strides and the metaverse has not disappeared. It encompasses a blockchain-powered virtual world or universe, accessed through an open-source digital platform that enables virtual reality or augmented reality experiences. With ongoing technological advancements, the metaverse holds promise as a significant element of daily life, similar to how internet communities are currently established but within virtual communities. This evolving technology has the potential to reshape human interactions and engagements, offering immersive and interactive experiences within a digital realm, leading McKinsey to report in June 2022 that the metaverse has the potential to generate up to US$5 trillion by 2030.
To learn more, please visit the pages below:
Phemex Soul Pass: https://phemex.com/web3/soulpass
Phemex Token: https://phemex.com/web3/pt
xPT Pre-mining: https://phemex.com/web3/premining
Announcement on opening of xPT Pre-Mining: https://phemex.com/announcements/phemex-web-30-xpt-pre-mining-is-open-to-all-on-july-6.
About Phemex
Phemex is a certificated crypto exchange providing an efficient and transparent trading experience with a commitment to all-round asset protection backed by state-of-the-art security technologies and Merkle-Tree Proofs-of-Reserves practice. Founded by a team of industry veterans, Phemex delivers personalized solutions 24/7 that facilitate the building of users’ crypto portfolios through its low latency and scalable environment, as well as a fair matchmaking system that ensures prices and timing are prioritized.
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Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.
According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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