Dear Traders,

We’re excited to announce a significant upgrade to the PT tokenomics that further aligns with our long-term vision of sustainable growth and value creation for our community.

Starting May 1, 2025, Phemex will allocate 30% of the revenue generated from MemeX and Pilot trading to buy back and burn PT tokens on a monthly basis. This new mechanism introduces a burn model for PT, directly linking platform growth to token value.

This initiative builds upon our previous burn event in November 2023, and marks the beginning of a consistent, transparent, and impactful deflationary process aimed at reducing the total supply of PT over time.

What this means for PT holders:

• Reduced circulating supply through monthly burns
• Increased scarcity and long-term value potential
• Direct benefits from the growth of MemeX and Pilot

We remain committed to empowering our community and enhancing the utility and value of PT across the Phemex ecosystem.

Stay tuned for monthly updates on the buyback and burn progress.

Happy Trading,
The Phemex Team