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Phemex Token(PT) Price
$0.744579 +0.76%
USD
Price of Phemex Token(PT) Today
The live price of Phemex Token (PT) is $0.744579.The current market capitalization stands at $744.58M, with a 24-hour trading volume of $422,104.39.Phemex Token has experienced +0.76% in the last 24 hours and has a circulating supply of approximately 736.42M.These figures are updated in real-time to provide the most accurate market data.
PT Price Data
24h Vol :
$422,104.39
One-year High :
$0.972646
24h High :
$0.755732
Issue Price :
--
24h Low :
$0.710558
Price Change(1h) :
+0.04%
Price Change(24h) :
+0.76%
Price Change(7d) :
+11.06%
PT Market Cap Stats
Market Cap :
$744.58M
24h volume/market cap :
1763.97%
Fully Diluted Market Cap :
$723.23M
PT Supply
Circulating Supply :
736.42M
Circulation Rate :
0.00%
Total Supply :
1.00B
Phemex Token(PT) Price Movements
| Period | Amount Change | Change (%) |
|---|---|---|
| Today | +$0.00562556 | +0.76% |
| 7 Days | +$0.074154 | +11.06% |
| 30 Days | -$0.094154 | -11.23% |
Phemex Token(PT) Security Assessment
0.00
Reliability Score
About Phemex Token(PT)
Phemex Token (PT) is the utility token of the Phemex exchange and Phemexia Web3 ecosystem. Launched on November 30, 2023, the Phemex Token grants holders benefits and revenue-sharing opportunities on Phemex. Phemex Token (PT) functions as the platform token of global cryptocurrency exchange Phemex, which is based in Singapore and founded in 2019 by a team of ex-Morgan Stanley executives. The Phemex exchange boasts over 5 million users and has reached as high as $10 billion in daily trading volume. It follows the principles of transparency and trustworthiness through a proprietary Deterministic Hierarchical Cold Wallet system and monthly updated proof-of-reserves and proof-of-solvency. PT facilitates Phemex’s initiative to implement decentralized decision-making and transform from CEX to a hybrid exchange.
Social Stats
Popularity in posts :#2,086
Contributors :40
Posts :40
Talk about PT(%) :0.00%
Articles :0
Sentiment :Bullish
40 unique individuals are talking about PT, ranking it 2086 for most mentions and activity among collected posts. Over the past 24 hours, the sentiment toward PT across all social media has been Bullish. Finally, 0 news articles have been published about PT. On Twitter, 24.37% of tweets showed bullish sentiment compared to 13.98% of tweets showing bearish sentiment about PT. 61.65% of tweets were neutral about PT. These sentiments are based on 279 tweets.
Bulls say
Bullish sentiment on PT arises from its strong fundamentals, promising growth prospects, recent positive earnings reports, and favorable industry trends, all of which suggest potential for significant upside.
Bears say
Bearish sentiment on PT is due to weak fundamentals, declining growth prospects, increased market competition, and negative investor sentiment, all of which pressure its price.
Phemex Token(PT) Conversion Rate
1 PT to USD
$0.744579
News
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FAQ
What is Phemex Token (PT)?
PT is the native utility and governance token of the Phemex exchange, launched in November 2023 as an ERC-20 token. It powers platform incentives such as trading discounts, staking rewards, launchpad access, and decentralized governance through the Phemex DAO.
What is vePT and how does it work?
vePT (vote-escrowed PT) is a non-transferable token received when you stake your PT. It grants access to governance voting rights in the Phemex DAO, trading fee discounts, cashback airdrops, and exclusive Phemex Launchpad participation. The longer you lock your PT, the more vePT you earn.
How many PT tokens exist?
PT has a fixed total supply of 1 billion tokens. The supply is distributed across categories such as trading rewards, liquidity incentives, ecosystem growth, investors, and team allocations. A deflationary burn mechanism reduces circulating supply by burning 30% of revenue from MemeX and Pilot trading.
Where can I buy and store PT?
You can buy PT directly on Phemex[(https://phemex.com/how-to-buy/phemex), and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to [trade PT on the Phemex spot market. After acquiring PT, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.
How can I stake PT?
You can stake PT directly on the Phemex platform to receive vePT. Staking options allow you to choose lock-up durations, with longer terms providing higher rewards and governance weight.