Phemex DOGE Listing Celebrated With 4M Giveaway To Users

The Phemex DOGE listing celebrated with a 4 million giveaway to its users after a month of introducing the pair with 20x leverage for the first time ever. The platform kicked off a campaign offering 1,000,000 DOGE to the first 5000 news users as we can see more in our latest Dogecoin news today.

From here on, the floodgates opened and more than 46,000 new users signed up in the first half of the entry. The Phemex DOGE listing now means a generous giveaway to its users by four times the originally intended amount of coins which shocked the users and expanded the number of new accounts in the process. During the recent bull market, very few coins were trending as BTC or ETH, or even Doge. In fact, DOGE could have surpassed the top two coins in terms of overall interest. The fan base was based on the Shubi Inu meme which was trending from Twitter to Tik Tok and became the mainstream talk since the coin started soaring. The altcoin was caught in with celebrities as well from people like Elon Musk and Snoop Dog.

The rising interest and the requests from users prompted Phemex to respond by listing the contracts with 20x leverage at the start of March. The DOGE/USDT pair was also added later. The plan was to launch a giveaway that coincided with the debut of the contract and offered an impressive 1,000,000 DOGE for the first 5000 new users to register with the trading platform. The demand for new accounts was surging and a total of 46,000 new users joined. Phemex was forced to close the campaign early but it raised the maximum prizing of the coin to a staggering 4,000,000 coins.

Phemex started a very slow process of eliminating duplicate IPs and ensuring all of the participants that were adhered to the contest rules and completed the tasks so then it selected a total of 20,080 new accounts which qualified for the promotion and awarded the 4,000,000 coins accordingly. A blog post from the exchange shared more details regarding the entire distribution of the prize where more than 20,000 users receiving a share of 4,000,000 coins valued at $200,000. The demand for both Doge and Phemex caused a new surge of users flooding in.