Phemex recently launched margin trading on the spot market, allowing you to take up to 5x leverage and borrow against your crypto to maximize profits. We offer industry-leading low interest rates and partial liquidation mechanisms for better risk management. A few days ago we even added an additional 28 trading pairs and assets to be used as collateral. Best of all, you’ll now be able to implement leverage on spot trading without having to sell your coins.
To celebrate, we’re now hosting the Margin Madness event and giving away 11,000 USDT in the process! During this event period all users can margin trade with 0% interest rates, so you can basically borrow against collateral for free! Try out our new margin trading feature now to take full advantage of these limited time benefits.
Follow the steps below to participate:
- Visit Phemex.com and register on our platform (if you don’t have Phemex account).
- Event has ended
- During the campaign period, simply margin trade on the Phemex spot market and enjoy 0% interest rates for borrowing. Margin trading volume must reach at least $100 to qualify for event rewards.
- Note: Users on mobile must upgrade to the latest version of Phemex APP to experience margin trading.
Dates
Campaign period : 3:00 UTC on March 14 – 3:00 UTC on March 25, 2023
Prize Pools – 11,000 USDT
Prize Pool 1: 9,000 USDT (Trading Volume)
- The top ten ranked event participants based on margin trading volume during the campaign period will win from 9,000 USDT reward
- Ranking update time ：3.17 / 3.21 / 3.24 , click here
| Trading Volume Rank | Reward in USDT |
| 1 | 2,000 |
| 2 | 1,600 |
| 3 | 1,200 |
| 4 | 900 |
| 5 | 800 |
| 6 | 700 |
| 7 | 600 |
| 8 | 500 |
| 9 | 400 |
| 10 | 300 |
Prize Pool 2: 2,000 USDT (Lucky Draw)
- All participants who accumulate at least $100 in margin trading volume during campaign period will be entered into a lucky draw
- 100 lucky users will be randomly selected to win from 2,000 USDT prize pool! So each winner receives 20 USDT just for joining and trading
Terms and conditions
- To qualify for this event you must complete required actions from the 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. If multiple accounts are found to withdraw event rewards to the same wallet address, their eligibility for future campaigns may be rescinded.
- Only users who have completed Basic KYC on Phemex are eligible for rewards.
- 0% interest rates for margin trading are only applicable for the duration of this campaign period.
- 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.
- After the campaign period ends, we will update the Reward Recipient List here.
- Phemex reserves the right to make any final and binding amendments to these rules.
