Dear Phemexers,

Phemex will support the RAMP (RAMP) token swap and rebranding plan to LeverFi (LEVER).

Further details are as follows:

• At 4:00 UTC on July 4, 2022, Phemex will delist existing RAMP spot trading pair (RAMP/USDT) and cancel all pending RAMP spot orders.
• At 4:00 UTC on July 4, 2022, Phemex will suspend all RAMP deposits and withdrawals. Please make sure you have sufficient time to fully process your RAMP assets before that time.
• If you still hold RAMP on July 4, 2022, Phemex will recover all RAMP balances and begin the distribution of LEVER to all eligible users at a ratio of 1 RAMP = 35 LEVER over the next five days after July 13, 2022. Spot trading will also reopen for the LEVER/USDT pair within those five days as well.
• Phemex will make a separate announcement after the token swap is complete to notify users when deposits and withdrawals of LEVER will be opened

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