In a groundbreaking move, Phemex, a prominent player in the crypto trading realm, has unveiled PhemexPulse, a pioneering social trading platform within its Web3 ecosystem. This innovative feature aims to reshape community engagement by offering tangible rewards, thereby strengthening the bond among traders and enthusiasts in the crypto sphere.

Renowned crypto influencer Ben Armstrong has already left an indelible mark on PhemexPulse by delivering exponential growth for his group members. Armstrong's involvement has spurred multifold growth, particularly for those holding exclusive ordinals within his group.

The inception of cryptocurrencies was rooted in the desire to transfer financial power back into the hands of individuals, offering autonomy and control unparalleled in traditional finance. Central to this transformative vision is the pivotal role of vibrant and active communities.

Communities are not merely bystanders; they are drivers for broader adoption and integration of cryptocurrencies into everyday life. Through community-driven initiatives, knowledge about innovative applications and insights into fluctuating market trends are disseminated more effectively.

Moreover, in the realm of decentralized projects, communities are not passive observers but active participants. They engage in governance, leveraging collective power to steer projects through democratic processes.

Beyond governance, communities provide a supportive network, offering invaluable resources for education, troubleshooting, and sharing experiences. The strength of such community networks is pivotal in ensuring the dynamism and inclusivity of broader crypto ecosystems.

Recognizing the pivotal role of communities, Phemex, a leading crypto trading platform, introduced PhemexPulse. This social trading feature is designed to foster decentralized, community-driven innovation by seamlessly integrating with the Phemex Web3 ecosystem. PhemexPulse aims to create a space where traders and cryptocurrency enthusiasts can connect, share insights, and leverage their digital presence for potential earnings.

The social trading feature operates on a reward model where both followers and content creators, such as influencers and key opinion leaders (KOLs), can earn rewards. Influencers, including Ben Armstrong, have already established groups on the platform and listed their ordinals.

Phemex empowers creators to establish their communities, funded by Phemex, enabling followers to join and interact with both their favorite influencers and fellow enthusiasts. Daily activities on the platform, such as messaging, trading, and referrals, are converted into a points-based reward system. Group owners and their followers can all earn points through simple actions that are a natural part of their everyday online experiences.

A pivotal feature of PhemexPulse is its scoring system, translating social media engagement into tangible rewards. While points are earned through various activities on the platform, users can convert their points into a competitive allocation of Phemex Tokens (PTs) three times each day. This scoring system is designed to encourage consistent engagement from users, offering them a pathway to earn crypto as a reward for their contributions to the platform.

PhemexPulse also features an Inscription Marketplace, allowing users to trade and collect exclusive digital assets tied to notable figures in the crypto world. Ben Armstrong, a leading KOL, selected the PhemexPulse Inscription Marketplace for his unique ordinals, inspiring followers to mint and retain these coveted items.

Due to their scarcity and vibrant engagement fostered by the platform, these ordinals experienced a staggering surge in value within hours of their launch. They sustained this growth trajectory, achieving a new all-time high (ATH) of 115 PT on March 20, marking an additional 56% increase following its initial ATH and an overall growth of 11,400%. A user who initially minted 10 inscriptions on the first day, accruing 10 PT, now boasts 1000 PT — a tenfold increase achieved within a week.

Phemex emphasizes its dedication to building a vibrant and engaging community, which serves as the cornerstone for its Web3 ecosystem, Phemexia. The ecosystem has already attracted more than 30,000 members, highlighting its appeal within the crypto community. The introduction of PhemexPulse aims to enrich the user experience and improve community involvement, as highlighted by Stella Chan, Chief Operating Officer of Phemex.

“The remarkable performance of Ben Armstrong's inscriptions, which have significantly appreciated in value for their holders, underscores the powerful combination of influence and engagement within the crypto ecosystem — principles at the heart of PhemexPulse. The surge of activity we witnessed in just over a week post-launch affirms our direction in fostering dynamic communities that are committed, interactive, and rewarded. This is just the beginning, and PhemexPulse will continue to be a driving force in the space.”

Phemex's launch of PhemexPulse reflects a broader trend in the cryptocurrency industry toward creating more interconnected and community-driven platforms. By combining elements of social media, trading, and digital collectibles, Phemex aims to offer a comprehensive ecosystem that caters to the diverse needs and interests of the crypto community.