Dear Users,

We’re extremely excited to bring you guys this new Referral Friends event with updated rewards. Starting today, you and your friends will be able to enjoy even more generous referral rewards. For each new friend you invite, you can earn up to 5,100 xPT Airdrop, while your friend will not only share 100 xPT pre-mining pool but also an additional referral reward of up to 2,650  xPT. So everyone can embark on an effortless journey into the world of Phemex Web3.

Task & Rewards

• Task 1 – Your friend immediately receives 100 xPT just for registering with your invitation code and minting Phemex Soul Pass(PSP).
• Task 2 – As a PSP holder, your friend can start xPT pre-mining by simply trading contracts on Phemex. Based on their trading activity, you can win up to 5,100 xPT per invitee while they can win up to 2,550 xPT each. There is no limit to your number of invites, so you can win big with multiple successful referrals!

How to Join

https://phemex.com/account/referral/invite-friends

Dates

• Event Period: During all 5 stages of xPT Pre-mining
• Reward Distribution Time: Within 7 working days after the end of each stage of pre-mining
• xPT Unlock Time: Starting from Q3 in 2023, 25% of converted PT will be unlocked and distributed at TGE. The remaining 75% will be distributed every 7 days (25% each time) over the following three weeks.

Terms & Conditions

1. The total prize pool for the five rounds of this event is 1,000,000 xPT, and the rewards will be issued on a first-come, first-served basis.
2. API and institutional user trading volumes are excluded from reward calculation.
3. The trading volume of those who have joined the Phemex Collaborator Program is excluded from reward calculation.
4. The inviter’s xPT reward for each stage is calculated separately based on the xPT obtained by their invitees. If the xPT obtained by your invitee through pre-mining reaches a certain amount, you will receive the corresponding xPT referral reward. When your invitee reaches the highest xPT threshold, you will win the highest xPT referral reward for that stage. Invitees can also get corresponding rewards.
5. The number of xPT accumulated by invitees for Task 2 only counts those obtained through pre-mining (effective contract trading). It does not include the 100xPT received when minting PSP, nor any xPT obtains by participating in other events on the platform. The current amount of xPT accumulated can be viewed on the Dashboard.
6. The invitee is recommended to register and become a PSP holder after July 14, 2023. Regardless of during which pre-mining stage the invitee joins, as long as they accumulate a certain threshold of xPT rewards during that stage, it will correspond to referral rewards.
7. The xPT obtained by the invitee in each stage is calculated separately and will not be accumulated to the next stage.
8. When you are eligible to receive xPT rewards, the rewards will be issued to your wallet within 7 working days after the end of each stage of pre-mining.
9. The xPT rewards obtained in this event will be exchanged for PT on the chain at a ratio of 1:1 in Q3 2023, and will be distributed in 4 installments. For more information, please refer to Whitepaper.
10. Users may only participate using one account. If we detect multiple accounts with the same IP address or UID, all offending accounts will be disqualified.
11. The following actions will result in immediate disqualification: batch account registration, profits from market manipulation, self-dealing or wash trades.
12. Phemex reserves the right to make any final and binding amendments to these rules.