While 2022 was a rough year for the industry, 2023 is lining up multiple important launch dates for products and services that may revitalize the crypto ecosystem. One of the highly anticipated releases is with respect to the PulseChain network. According to Hex founder, Richard Heart, “software development on Pulsechain is going really great” and its Testnet V3 is expected to be launched sometime in early 2023.
In light of that fact, Phamous.io will be bringing a perpetual trading platform on PulseChain that will further improve the utility of the HEX ecosystem.
What is Phamous.io?
The Phamous team is excited to announce the launch of its upcoming Phamous Protocol, a new fully decentralized leverage perpetual platform coming to PulseChain that allows users to finally access financial tools like hedging and lending for popular cryptocurrencies like HEX and Richard Heart Coins.
Traditionally, these financial instruments were not available to the HEX community, but now, with the Phamous Protocol, crypto investors can take advantage of these tools to manage their portfolio risk and maximize their returns.
Hedging is a risk management strategy that allows investors to protect against potential losses by offsetting their exposure to an asset with a countervailing investment. This can be especially useful in volatile markets like the cryptocurrency market, where price swings can be significant.
The Phamous Protocol makes it easy for users to access these powerful financial tools with just a few clicks with a user-friendly interface allows even novice investors to take advantage of these strategies, and our secure platform ensures that your investments are safe and protected.
One of the key features of the Phamous protocol is its decentralized nature, which allows users to interact with the platform without the need for a central authority. This enables users to retain control over their assets at all times with no middleman.
Trading markets, including the cryptocurrency market, involve a high level of risk and can result in significant financial losses. It is important for traders to be cautious and carefully consider the risks before making any trades.
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