Foundation series

Phemex Student Foundation: A New Initiative to Support Student Crypto Education

Cryptocurrencies are one of the fastest growing macro assets and outperform many of the world’s most profitable companies in terms of annual returns. At one point in late 2021, the total crypto market even surpassed Apple’s, which stood at $2.5 trillion. Given these facts, it is no longer possible and reasonable to continue ignoring cryptos. Also, truth be told, the currency and payment spaces are in desperate need of innovation.

So, to help shed light on cryptocurrencies, Web3, and DeFi, and to bring greater education and awareness to the public, Phemex is launching a student-centered research initiative called the Phemex Student Foundation. In short, this is a scholarship foundation for world-class students to conduct research on these emerging industries.

Motivation and context for the launch of the Phemex Student Foundation

Cryptocurrencies have received a lot of attention (and scrutiny) over the past few years. In fact, many universities around the world have already launched their own majors and degree programs to study the subject, but generally speaking, higher education is less pushed to push the field forward. There is also a reluctance to introduce solutions like fintech payment rails and Web3 digital assets that could threaten hard currencies and financial stability.

However, this pattern of thinking is not sustainable in the long term. Innovators and young entrepreneurs have already started to develop new ways of doing things and, as a result, have created a 2 trillion dollar industry in less than 10 years.

That is why Phemex wants to support student researchers. Today’s 2000s generation students are tech-savvy, quick learners, and driven to explore ways to make a difference. Through this scholarship initiative, they will have the opportunity and the spotlight to do so.

So, by giving students the opportunity to break into the field and conduct their own research, the company creates a positive feedback loop that includes: educating the public, giving back to the community (i.e. students ) and create research that can benefit the crypto investing world.

Program details

As of March 1, Phemex will present its first cohort of research students. These students were selected from some of the top universities in the United States, such as Northeastern University, University of Michigan, Vanderbilt University, and University of Denver. Students also come from diverse backgrounds and expertise, with majors in data science, business, computer science, international studies, finance, math, and economics. It is therefore an understatement to say that these students are talented.

Within a period of 8 to 12 weeks, scholarship students will participate in Phemex-guided research modules. The goal here is to produce a final thesis-like paper that will be featured on the company’s website. Two other features of the program include a career path panel, featuring Phemex CEO Jack Tao, and a series of webinars that will feature outside experts to talk about the industry.

Final objectives

Ultimately, students who participate in the program will take a step forward in the industry and have a solid foundation to advance their future studies and careers in crypto. The real scholarship is not achieved in weeks or days, so it is Phemex’s hope that these students will inspire others to enter the industry and learn more about crypto.

Contact details:

Company name: Phemex

Contact person: Nicolas Tang

Title: Assistant Director of Internal Communications

E-mail: [email protected]

Location: Singapore

Warning : There is no offer to sell, no solicitation of an offer to buy, and no endorsement of security or any other product or service in this article. Additionally, nothing in this PR should be construed as a recommendation. Readers are encouraged to do their own research.

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