Dear Phemexers,

Phemex will support the POLY (Polymath) token swap and rebranding plan to POLYX (Polymesh).

Timeline:

• At 7:00 UTC on October 10th, 2022, Phemex delists all existing POLY/USDT spot trading pairs and cancels all pending POLY spot trade orders. Deposits and withdrawals of POLY will be suspended.
• Within 5 business days after October 17th, 2022, trading will open for POLYX/USDT spot trading pair.

Details of Token Swap:

• Phemex will recover all POLY balances, and begin the distribution of POLYX to all eligible users at a ratio of 1 POLY = 1 POLYX , within 3 business days after spot trading for POLYX/USDT is opened.
• We will make a separate announcement after the mainnet swap is complete to notify users when deposits and withdrawals of POLYX will be opened.
• Polymesh (POLYX) asset information on the Polymesh Mainnet:
  https://polymesh.subscan.io/assets

If you have any concerns, please contact our 24/7 customer service team at support@phemex.zendesk.com.