As of March, Phemex will be the fastest Cryptocurrency trading platform introduced DOGE / USD contracts with up to 20x leverage for the first time and launched an advertising campaign to celebrate, offering 1,000,000 DOGE to the first 5,000 new users.
From there, the locks opened and more than 46,000 new users registered in the first half of the entry phase. In the end, Phemex generously distributed four times the originally intended amount of DOGE, shocking its rapidly growing user base.
What’s behind the Dogecoin trend that even celebrities and CEOs can’t ignore?
During the recent bull market, few coins were as hot and trending as Bitcoin, Ethereum or Dogecoin. In fact, Dogecoin may have even outperformed the top two coins in terms of overall interest and enthusiasm.
Created on the basis of the Shibu Inu meme, the coin says that phrases like “lots of wow” have been rampant lately from TikTok to Twitter, has been the mainstream media topic since the coin began. The altcoin has even caught the attention of the celebrity world, from Snoop Dog to Tesla CEO Elon Musk, who has been affectionately known as the “CEO of DOGE”.
Phemex lists DOGE contracts, 1,000,000 DOGE giveaways to celebrate
The increasing interest and recurring user inquiries prompted Phemex to list DOGE / USD contracts with up to 20x leverage in early March. A DOGE / USDT spot trading pair was added later in the month.
It was planned to launch a giveaway at the same time as the contract debut, offering an impressive 1,000,000 DOGE to the first 5,000 new users who register on the Phemex Advanced Trading Platform between March 1st and 15th.
The Dogecoin demand becomes overwhelming, Phemex responds by increasing the ante
The demand for new accounts with Phemex has been overwhelming, reaching a total of 46,000 new users by mid-March 8th. Phemex was forced to close the campaign early. However, the maximum price of DOGE has been generously increased to a staggering 4,000,000 coins.
Phemex began a meticulous process of eliminating duplicate IPs and ensuring that all entrants strictly followed the competition rules and did all the required tasks. Phemex then selected a total of 20,080 new registered accounts that fully qualified for the promotion and awarded the 4,000,000 Dogecoin accordingly.
A full 4,000,000 DOGE distributed to 20,000+ Phemex users
In a blog post by Phemex, transparent details about the overall distribution of the prize were published. In the end, more than 20,000 users received a share of 4,000,000 DOGE, worth around $ 200,000 today.
The incredible demand for Phemex coupled with the rising interest in Dogecoin and Crypto in general caused an unprecedented wave of new users to flood the platform like never before.
Since every cryptocurrency has its time in the spotlight, traders can do this Make use of Phemex’s various trading tools to increase your chances of success, manage risks and much more.
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