Close Menu
Newsoutnow.comNewsoutnow.com
    Quick Access
    • Bigg-Boss
    • Entertainment
    • High Life
    • Infotainment
    • News
      • Business
      • Sports
      • Technology
    • News Wire
    • Photo Gallery
    • Stars-Wiki
    • Trending
    • World
    Facebook X (Twitter) Instagram
    • About
    • Download the App
    • Contact Us
    Facebook X (Twitter) Pinterest
    Newsoutnow.comNewsoutnow.com
    • Entertainment
    • Infotainment
    • News
      • Sports
      • Business
      • Technology
      • World
    • High Life
    • Trending
    Newsoutnow.comNewsoutnow.com
    Home»News Wire»Phemex Launches 30,000 USDT Incentive Program for LIT and MAGMA Trading Pairs
    News Wire

    Phemex Launches 30,000 USDT Incentive Program for LIT and MAGMA Trading Pairs

    PR NewswireBy PR NewswireDecember 31, 20252 Mins Read3 Views
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    APIA, Samoa, Dec. 31, 2025 /PRNewswire/ — Phemex, a user-first crypto exchange, has introduced a structured reward initiative for the newly listed LIT and MAGMA trading pairs. Running from December 31, 2025, to January 7, 2026, the program features a total allocation of 30,000 USDT designed to support liquidity and market engagement within its derivatives ecosystem.
    The initiative highlights two infrastructure approaches in the DeFi sector. Lighter (LIT) is an order-book DEX infrastructure focused on institutional-grade capital efficiency and low-latency execution. Magma Finance (MAGMA) is an AMM DEX built for MOVE-based blockchains, utilizing a liquidity incentive engine designed to align the interests of traders, governance participants, and liquidity providers.To ensure balanced participation, Phemex has partitioned the 30,000 USDT allocation into two categories:Reward Mechanism Details:Engagement-Based Pool (10,000 USDT): Dedicated to general interaction tasks, including social referrals and daily trading milestones. This pool is intended to broaden the user base for these emerging protocols.Volume-Driven Competition (20,000 USDT): A competitive track focused on futures trading volume for LIT and MAGMA. Rewards are distributed based on ranking performance, with the top three participants eligible for a significant portion of the pool, including a maximum individual reward of 4,000 USDT.By integrating these specialized protocols, Phemex continues to diversify its high-performance trading environment, providing users with exposure to the latest developments in order-book and MOVE-based AMM technologies.About PhemexFounded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.For more information, please visit: https://phemex.com/ Photo – https://www.newsoutnow.com//wp-content/uploads/2025/12/Phemex_Launches_30_000_USDT_Incentive_Program_LIT_MAGMA_Trading.jpgLogo – https://www.newsoutnow.com//wp-content/uploads/2025/12/Phemex_Logo-2.jpg

    View original content:https://www.prnewswire.co.uk/news-releases/phemex-launches-30-000-usdt-incentive-program-for-lit-and-magma-trading-pairs-302651201.html

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleHTX Hot Listings Weekly Recap (Dec 22-28) Sees ZBT Surge 127%, PAYAI Rally 103% | AI and Privacy Narratives Reignite
    Next Article Manipal Hospital Sarjapur Road Launches Dedicated Deep Brain Stimulation (DBS) Clinic for Advanced Movement Disorder and Psychiatric Care
    PR Newswire
    PR Newswire

    PR Newswire is a distributor of press releases headquartered in New York City.

    Next Up For You

    News Wire

    THE ROYAL CANADIAN MINT’S COMMEMORATING BLACK HISTORY SILVER COIN SERIES CELEBRATES THE ARTISTRY AND CULTURAL SIGNIFICANCE OF WEST AFRICAN ADINKRA SYMBOLS

    February 1, 2026
    News Wire

    India leads a ‘Global Vision for Patient Safety’ at Day 1 of Apollo Hospitals International Health Dialogue 2026

    February 1, 2026
    News Wire

    Next Stop: Roswalt Realty Oshiwara

    February 1, 2026
    News Wire

    JOHNNIE WALKER TOASTS MUSIC’S BIGGEST WEEKEND WITH THE GO GO HIGHBALL

    February 1, 2026
    News Wire

    NYSE Content Advisory: Pre-Market Update + Cast of HBO’s ‘Industry’ Rang Thursday’s Closing Bell

    February 1, 2026
    News Wire

    Ministry of Education of Jordan begins transformative national literacy initiative using Amira Learning

    February 1, 2026
    More Reads

    Infosys and Tennis Australia Bring AI-First Experiences and Accessibility to Australian Open 2026

    February 1, 2026

    Mayilaa — A Newton Cinema Production — Announces World Premiere at the 55th International Film Festival Rotterdam (IFFR)

    February 1, 2026

    Spielwarenmesse honours outstanding innovations with the ToyAward

    February 1, 2026

    NYSE Content Advisory: Pre-Market Update + First Lady Melania Trump to Ring NYSE Bell for Doc ‘Melania’

    February 1, 2026

    Blokees Exhibits Multiple Products at Spielwarenmesse 2026

    February 1, 2026

    Mandira Bedi Shares Her Journey of Resilience, Discipline and Reinvention on the New Episode of Herbalife India’s Podcast Live Your Best Life, Unscripted

    February 1, 2026

    Live Feed: First Lady Melania Trump Rings NYSE Opening Bell to Celebrate Amazon MGM Studios’ Upcoming Film, MELANIA

    February 1, 2026
    Facebook X (Twitter) Pinterest RSS
    • About
    • Download the App
    • Contact Us
    © 2026 newsoutnow.com

    Type above and press Enter to search. Press Esc to cancel.