We first announced the Refereum Growth Engine a few months back, then we told you more about how it works. Now, it gives us great pleasure to announce another new Growth Engine customer, EverMarkets Exchange (EMX).
But what is the Growth Engine?
It’s a turn-key solution ideal for any crypto-company, or game studio, to use for growing, mobilizing, and rewarding their communities. The Growth Engine widget allows Refereum partners to directly reward their most active community members for their engagement and interactions with tokens and other prizes.
How does it work?
The Growth Engine widget is embedded on the partner’s website with just a few lines of code. Setup is easy and anyone can quickly design and deploy a series of quests, like micro-tasks, for users that are fun and easy to do. Each task is aimed at growing the community and strengthening the relationship between the company and its members. Partners can also amplify their content schedule by syncing it with the Growth Engine and incentivizing the sharing of fresh content. To further incentivize engagement, partners can set a deadline for when a set of activities must be completed by.
One of our goals at Refereum is combining the awesome power of our Growth Engine with projects we care deeply about to enable the rapid growth of a strong community to set them on the road to success.
About EverMarkets Exchange:
Founded in 2017, EMX is a crypto-native exchange that offers both cryptocurrency futures and traditional equity and commodity futures, built by a team of veteran traders, technologists and exchange operators with experience from Citi, AQR Capital, Amazon, Apple, and CME Group. EMX offers margin trading with a focus on institutional-level stability, security, and features — all without the need to convert to fiat. The EMX mission is to build an easy-to-use, secure, customer-focused platform to manage a global portfolio, for institutional and retail traders alike.
Challenge EMX is setting out to solve:
The global derivatives market (over $1200 trillion in holdings) is more than 6 times the size of the global spot markets ($200 trillion). In 2017, 14.8 billion futures contracts were traded across global exchanges. The futures marketplace is extremely liquid, and notably, trading volumes over the last 10 years were not correlated to bull or bear periods in the markets. Volumes even grew during the recession of 2008, demonstrating that futures provide profit opportunities in any market, no matter whether prices are rising or falling. However, capitalizing on these opportunities in the current traditional marketplace comes with many issues, including excessive fees, an inability to access multiple markets, and more.
Meanwhile, the cryptocurrency market is expanding at tremendous rates and currently lacks exchanges that provide derivatives and access to the global futures marketplace. The crypto exchange ecosystem also has its own set of issues, including a lack of robust product offerings, susceptibility to hacks, instability, and inefficiency that further bogs down the trading process.
EMX aims to solve many of these problems by bringing traditional futures products to crypto traders. By combining decades of industry knowledge with blockchain technology and an innovative market structure, EMX is creating a next-gen hybrid exchange.
How is EMX doing it?
EMX is aiming to build a global community of traders, both retail and institutional. The trading platform is designed with a focus on user experience, so that the average crypto trader who is looking to expand their trading strategies beyond just buying/selling will be able to understand, use, and reuse the product. On the flip side, the platform is also designed with advanced features, order types, a robust API and a market making program that will entice more experienced traders and institutions alike.
To learn more, about EMX and see the growth engine in action, click here.
Do you want to learn more about Refereum’s Growth Engine? Ping us at email@example.com.