Phemex Announcements
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๐Ÿ“ฃ This is the official announcements channel of Phemex crypto exchange.

๐Ÿ’ฌ Join the discussion group: @Phemex_EN

๐Ÿ‘‰ Follow Phemex on Twitter: twitter.com/Phemex_official

๐Ÿ“ˆ Trade now: https://phemex.com
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๐Ÿ”ฎ Stellar Lumens (XLM) Price Prediction: When $1? ๐Ÿค”

The year 2022 saw not only the crypto but traditional finance markets on a steady downtrend, against the backdrop of interest rate hikes and geopolitical uncertainty. With the leading crypto Bitcoin (BTC) down by almost 75% from its all time high of $68,789, it is no surprise that all other altcoins are languishing at similar lows. As far as Stellar Lumens (XLM) is concerned, the beginning of the year was the best period for it so far. The token opened 2022 at $0.29 but has been hovering around $0.13-$0.10 since May.

Read more: https://phemex.com/academy/stellar-lumens-price-prediction

#PhemexAcademy

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๐Ÿ”ฐ What Is zkSNARK: A Beginner-Friendly Explainer

๐Ÿ”น zkSNARKS is a zero-knowledge proof system that allows one party to prove to another party that they know a value x without conveying any other information about x.
๐Ÿ”น The key idea is that it should be impossible for the verifier to derive any information about x from the mere fact that the prover was able to prove they knew it. This protects the proverโ€™s data privacy.
๐Ÿ”น Zero-knowledge proof systems are used in a variety of applications, including secure communications, cryptography, and privacy-preserving data analysis.

More info: https://phemex.com/academy/what-is-zksnark

#PhemexAcademy #CryptoInsights

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๐Ÿ“ฃ Announcement: New Spot Listing - VRGW

Phemex will be listing VRGW/USDT on our spot market at 9:00 UTC on November 30, 2022.

More info: https://phemex.com/announcements/new-spot-listing-vrgw

#NewListing

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๐Ÿถ DOGE Soars On Twitter Payments Potential ๐Ÿš€

Since the US Thanksgiving holiday, DOGE has experienced a 15% price increase due to rumors of Elon Musk working with Vitalik to improve Dogecoin as well as a blank Twitter presentation slide on future payments on the social media platform. Itโ€™s more than likely that Dogecoin will be a payment or cryptocurrency option when Twitter rolls out this functionality.

๐Ÿ”— https://phemex.com/blogs/doge-soars-on-twitter-payments

#PhemexBlog #CryptoInAMinute

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๐Ÿ“ฃ Announcement: Phemex is Delisting CVCUSD Contract Trading Pair

On November 29, 2022, Phemex will be delisting the CVCUSD perpetual contract trading pair. We encourage users to stop trading and close open positions as soon as you can.

More info: https://phemex.com/announcements/phemex-is-delisting-cvcusd-contract-trading-pair

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๐Ÿ’ก What Is A Doom Loop?

A doom loop occurs when an adverse condition causes another adverse condition that, then, causes another adverse condition โ€“ creating a dangerous, downward spiral thatโ€™s difficult to escape.

Here is a doom loop example: Imagine a depressed man. That man can be depressed for a number of reasons, but thatโ€™s not important. Whatโ€™s important is the effect depression has on the man. So, imagine a depressed man. Now imagine that the depression leads the man to behave in a way that causes him to lose his job. Now imagine that this man comes into conflict with his wife because he lost his job. This is a doom loop.


More info: https://phemex.com/blogs/what-is-a-doom-loop-crypto

#PhemexAcademy #CryptoInsights

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๐Ÿ”Š Here is the winners of the Phemex Telegram Invite Contest
(November 21 - November 28).


๐Ÿ”น@gion12


Congratulations on your ๐Ÿค‘$50 trading bonus๐Ÿ’ฐ

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๐Ÿ’ฐ Top Penny Cryptos to Invest in 2023 (With 5-Point Checklist)

Penny cryptocurrencies, also known as micro-cap coins, are digital assets with prices that are typically less than one dollar.

The big deal about penny cryptocurrencies is that these coins can offer investors unique opportunities to make large gainsโ€“anything from 50X to 1,000X gains or more, if investors are able to identify the right coins at the right time.


More info: https://phemex.com/academy/top-penny-cryptos-to-invest-in-2023

#PhemexAcademy #CryptoInsights

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๐Ÿ”Š Here are the winners of the Phemex MyNameIs Contest
(November 12 - November 26).

๐Ÿ”น @snooppyd
๐Ÿ”น @Torque03
๐Ÿ”น @ankush999999
๐Ÿ”น @michealemeka098
๐Ÿ”น @Sasuka03

Each of the winners has won $20 trading bonus๐Ÿ’ฐ

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๐ŸŒŸ NEW CONTEST ALERT ๐ŸŒŸ

๐Ÿ”Š PHEMEX MYNAMEIS: Test your crypto knowledge

๐Ÿ’ฐRewards: $100 worth of trading bonuses

Learn more and participate:
๐Ÿ‘‰ https://forms.gle/84KAiDmbJPGdDQwW9

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๐Ÿค– CryptoSnoos: Evaluating Redditโ€™s NFT Entrance

Many companies are entering the NFT space: Marvel, Starbucks, Coca-Cola, and now Reddit. This is not surprising. Not only is the NFT space predicted to become a billion-dollar industry, but itโ€™s also a safe and easy space for companies looking to further extend their crypto footprint. And Reddit, the focus of this article, has entered into the NFT space with its unique CryptoSnoos NFT avatars.

Learn more: https://phemex.com/blogs/cryptosnoos-reddit-nfts

#PhemexBlog #Analysis

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๐Ÿ“Š Blockchain Analytics: 11 Free Crypto Research Tools You Need

Blockchain analyticsโ€“the science of extracting, analyzing and visualize actionable blockchain dataโ€“thus provide immense value to investors by helping them identify trends and make sound, informed investing decisions.

Learn more: https://phemex.com/academy/blockchain-analytics

#PhemexAcademy #CryptoInsights

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๐Ÿ“ฃ Announcement: New Spot Listing - BPTC

Phemex will be listing BPTC/USDT on our spot market at 9:00 UTC on December 1, 2022.

More info: https://phemex.com/announcements/new-spot-listing-bptc

#NewListing

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๐Ÿ”Š Here are the winners of the Phemex QuickQuiz Contest
(November 12 - November 25).

๐Ÿ”น @rajbundela23
๐Ÿ”น @Torque03
๐Ÿ”น @Sasuka03
๐Ÿ”น @justaboy2002
๐Ÿ”น @Sheeeeeeeeesshhhhh

Each of the winners has won $20 trading bonus๐Ÿ’ฐ

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๐Ÿ“ฃ Announcement: New Contract Listing - HOOK/USDT

Phemex has listed the new contract trading pair HOOK/USDT at 15:00 UTC on December 1, 2022. This contract pair is linear USDT-margined and supports hedge mode, which allows you to keep both a long and short position at the same time.

More info: https://phemex.com/announcements/new-contract-listing-hookusdt

#NewListing

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๐Ÿ“ฃ Announcement: New Spot Listing - CCX

Phemex will be listing CCX/USDT on our spot market at 9:00 UTC on December 7, 2022.

More info: https://phemex.com/announcements/new-spot-listing-ccx

#NewListing

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๐Ÿ“ฃ Announcement: Adjustments to Tick Size for BPTC/USDT Spot Trading Pair

In order to improve trading experience, Phemex will be adjusting the tick size (minimum change in unit price) for BPTC/USDT spot trading pair on December 2, 2022.

More info: https://phemex.com/announcements/adjustments-to-tick-size-for-bptcusdt-spot-trading-pair

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