Crypto Derivatives Exchange Phemex Launches 1 Bitcoin Video Contest

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Phemex, an emerging Singapore-based cryptocurrency and derivatives exchange, has recently been generating a lot of excitement in the industry. 

For example, on top of its seven perpetual contract pairs with up to 100x leverage including a GOLD/USD non-crypto asset, the company is now the first to offer zero-fee spot trading services. 

By becoming a Premium member for as low as $6.99 per month, users gain access to this innovative commission-free model along with other benefits such as hourly and unlimited withdrawals and the ability to set conditional orders. 

Last week, the company announced the Phemex Video Contest. 

The rules are simple, participants are encouraged to create a YouTube video about Phemex or one of its services, they must use “Phemex” in the title of the video, tweet it @Phemex_official, tag three other traders, and include the #PhemexVideoContest. 

Videos can range from covering the benefits of zero-fee spot trading to presenting a general tutorial on how to navigate the platform. The primary goal is to be as creative and informative as possible while employing original presentation styles and effects. All submissions will be judged by three Phemex team members to determine 50% of the overall score. The remaining 50% will be based on the video’s level of engagement (likes, comments, retweets).

To encourage as much participation as possible and in the interest of inclusivity, all of the following languages will be allowed: English, Russian, Korean, Turkish, Arabic, French, Japanese, German, Italian, Spanish, and Chinese (Mandarin or Cantonese). 

In addition, Phemex has opted to use a dynamic prize pool that will see its maximum reward rise with the number of submissions received. With more than 50 submissions the prize pool will reach a max of 1 BTC or $10,000 depending on which is more valuable at the time. Half of it will go to the first-place winner.

For the exact rules and conditions please read the official announcement. The submission deadline is on July 8, so there is still plenty of time to participate. Do not miss this opportunity to win a share of the 1 BTC prize pool.

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