From there, the floodgates opened, and more than 46,000 new users signed up within the first half of the entry phase. In the end, Phemex generously distributed four times the originally intended amount of DOGE, shocking its rapidly expanding user base in the process.
WHAT’S BEHIND THE DOGECOIN TREND THAT EVEN CELEBS AND CEOS CAN’T IGNORE?
The coin created based on the Shibu Inu meme that says phrases such as “much wow” has recently been tending everywhere from TikTok to Twitter and has been the talk of mainstream media ever since the coin began soaring. The altcoin has even caught the attention of the celebrity world, ranging from Snoop Dog to Tesla CEO Elon Musk, who has been affectionally dubbed the “CEO of DOGE.”
PHEMEX LISTS DOGE CONTRACTS, 1,000,000 DOGE GIVEAWAY TO CELEBRATE
The plan was to launch a giveaway coinciding with the debut of the contract, offering an impressive 1,000,000 DOGE to the first 5,000 new users to register to the Phemex advanced trading platform between March 1 and March 15.
DOGECOIN DEMAND BECOMES OVERWHELMING, PHEMEX RESPONDS BY UPPING THE ANTE
Phemex began a painstaking process of eliminating duplicate IPs and ensuring all participants strictly adhered to the contest rules and completed all necessary tasks. Phemex then selected a grand total of 20,080 new registered accounts that fully qualified for the promotion and awarded the 4,000,000 Dogecoin accordingly.
A FULL 4,000,000 DOGE DISTRIBUTED TO MORE THAN 20,000 PHEMEX USERS
The incredible demand for both Phemex combined with the soaring interest in Dogecoin and crypto, in general, caused an unprecedented wave of new users flooding the platform like never before.
As each cryptocurrency gets its time in the spotlight, traders can take advantage of the various trading tools on Phemex to increase their chances for success, manage risk, and more.