NFTs are attracting unprecedented as industry leaders in all sectors have jumped into it. Cryptocurrency exchange Phemex is the latest to jump on the bandwagon. The exchange has announced it is creating its first NFT called Q aRt community.
Q aRt Explained
The NFT will be created from the QR codes of Phemex’s customers who wish to participate. The NFT artwork will be auctioned and the proceeds distributed to the community.
The collection of QR codes commences on 19 March at 3 PM UTC and will last till April 2 at 3 PM UTC. All intending participants must send in their QR codes within this period to be considered. Participants are to submit their Phemex ETH deposit wallet QR code to the Gleam campaign, provide their Phemex UID, provide their Phemex ETH address and follow Phemex on Twitter.
The artwork created will be auctioned on OpenSea, Ethereum’s leading NFT marketplace from April 12 to April 19 with Phemex CEO Jack Tao scheduled to open the bid with $100,000.
Participating in Q aRt
The final bid will be randomly distributed to 10% of participants after the bid is completed. All submitted QR codes must be from a Phemex account and the rewards will be sent to Phemex accounts where customers can use them to trade or withdraw.
To increase your chance of being picked, you can follow @jack_Phemex on Twitter;follow Phemex on Facebook, YouTube, and Instagram pages as well as download the Phemex app and refer friends to the exchange.
More about Phemex
Phemex strives to make trading as easy and risk-free as possible. Since its launch in 2019, it has supported traders to trade spots as well as contracts.
It is one of the few exchanges that allow customers to buy cryptocurrencies with their credit and debit cards as well as bank transfers and even ApplePay. Functions such as FIX and API are also available for more advanced customers.