New York, January 13, 2025 -- Primex Finance, a decentralized protocol for leveraged trading and yield farming, is excited to unveil the details of its highly anticipated Primex Token (PMX) Public Sale and exchange listings. Set to take place later this month across five venues, the public sale event offers an exclusive opportunity for participants to acquire PMX, the native token powering the Primex ecosystem. This sale will drive the protocol's next phase of growth and set the stage for the upcoming token generation event (TGE).
Primex Finance simplifies DeFi by providing a user-friendly, CEX-like experience with advanced tools for leveraged trading and yield farming. Using liquidity from Lenders, Farmers and Traders can access leverage for real-world assets (RWAs), liquid staking tokens (LSTs), liquid restaking tokens (LRTs), DEX LP positions, and margin trade tokens not available on CEXs with similar automation tools.
Primex brings together Traders, Lenders, and Yield Farmers to tackle major DeFi challenges, including limited capital efficiency from over-collateralization, lack of automation, and restricted asset availability on exchanges.
The PMX Public Sale will run from January 20th to January 23rd across five launchpads: CV Pad, ChainGPT, Eesee, MagicSquare, and Finceptor. Below are the key details for each sale phase:
To reach a wide range of audiences and regions, the Public Sale features small allocations across multiple platforms and networks, including Ethereum, BNB Chain, and Base. With a fully diluted valuation (FDV) of $40 million, the PMX Public Sale aligns with terms from earlier private rounds.
The PMX Public Sale is a significant milestone for Primex, setting the stage for the upcoming TGE and driving the next phase of the protocol’s growth and innovation. As a utility token within the Primex ecosystem and a foundation for future governance, PMX plays a central role in the platform’s functionality. Following the Public Sale, TGE, and CEX listings, the focus will shift to launching Primex v2 in 2025, which aims to elevate the protocol with advanced features and capabilities.
After the Public Sale, PMX will debut on Gate.io on January 31, with additional centralized exchange (CEX) listings to follow.
About Primex Finance
Primex Finance is a decentralized protocol designed to make DeFi more accessible and efficient. It provides tools for leveraged trading on spot DEXs and yield farming, powered by liquidity from Lenders.
With Primex, users can margin trade a wide range of tokens, including those not available on CEXs, and amplify their yield through leveraging real-world assets (RWAs), liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and DEX LP tokens.
The upcoming Primex v2 will simplify portfolio management with cross-margining for multiple positions and AI-powered rebalancing to maximize APYs while effectively managing risk.
By bringing these features into one easy-to-use platform, Primex caters to Traders, Lenders, and Yield Farmers alike. Whether you’re a DeFi newcomer or an experienced user, Primex makes it seamless to grow your portfolio and explore innovative strategies.