Dear Phemexers,

We are glad to announce a new pair STETH/USDT has been listed in spot trading on Phemex. Buy it today and stand a chance to win the 30,000 USDT prize pool! Lido is a liquid staking solution for Ethereum 2.0. Their goal is to solve the problems associated with initial ETH 2.0 staking such as illiquidity, immovability, and accessibility. They’re trying to make the staked ETH liquid and allow for participation with any amount of ETH. stETH is a token that represents Ether in Lido, combining the value of the initial deposit plus staking rewards. stETH token balances are pegged 1:1 to the Ethers that are staked by Lido.

Follow the steps below to participate:

1. Users must have completed at least 100 USDT in STETH spot trading volume during the campaign period.
2. Join the Gleam campaign and complete the task below:

Launch Friday- Celebrate STETH listing on Phemex and win the 30,000 USDT prize pool!

Campaign Period

This event will only be held for one week. Therefore, in order to be eligible for the prize pool, make sure to complete all goals within the following dates:

• Stage 1 (Campaign Period): 8:00 UTC on 17 June – 8:00 UTC on June 24 2022
• Stage 2 (Notification of Winners): June 24 – July 08 2022
• Stage 3 (Prize Distribution): July 08 – July 22 2022

Prize Pools – 30,000 USDT

There is a prize pool totaling 30,000 USDT just for our lucky traders! Find out how you can get your piece of the grand prize pie when you participate. See below for more details on the prize:

$30,000 in USDT

• This prize pool is only available for users who have completed the trading requirements within the stated period above.
• The prize pool will be split according to the number of participants. Therefore, if 100 users join the campaign, the users will receive 300 USDT in reward individually. If 1000 users join the campaign, the users will receive 30 USDT each.

Terms and Conditions

• To qualify for this event you must complete required actions from announcement page
• Users are only eligible to participate with a single account. If we detect multiple accounts with the same IP addresses or UIDs, all offending accounts will be disqualified.
• This promotion is available for only users that traded within the period of the campaign.

• To receive rewards, users must ensure they have provided an accurate Phemex UID that is identical to their email. Users must also respond to the winners announcement email within 14 days in order to claim their reward.

• The following actions will result in immediate disqualification: batch account registration, profits from market manipulation, self-dealing or wash trades.
• Only main-accounts are allowed in this competition, sub-accounts will not be counted.
• Users in the following regions/countries India, Venezuela, Indonesia, Bangladesh, Pakistan, Philippines and Vietnam are eligible to participate or receive bonuses from the event only if they meet a requirement of $100 USD worth of trade on Phemex during the campaign period.
• Phemex reserves the right to make any final and binding amendments to these rules.