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Phemex Token (PT) Price
Price of Phemex Token (PT) Today
The live price of Phemex Token (PT) is $0.632878.The current market capitalization stands at $632.88M, with a 24-hour trading volume of $250,881.71.Phemex Token has experienced -0.93% 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
PT Market Stats
About Phemex Token(PT)
Social Stats
25 unique individuals are talking about PT, ranking it 1829 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, 27.42% of tweets showed bullish sentiment compared to 3.23% of tweets showing bearish sentiment about PT. 69.35% of tweets were neutral about PT. These sentiments are based on 62 tweets.
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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.
Phemex Token (PT) Conversion Rate
Phemex Token (PT) Price Movements
| Period | Amount Change | Change (%) |
|---|---|---|
| Today | $-0.00591733 | -0.93% |
| 7 Days | -$0.018281 | -2.81% |
| 30 Days | -$0.061724 | -8.89% |
Disclaimer
Cryptocurrency prices are highly susceptible to market risk and volatility. You should invest only in products you are familiar with and fully understand the associated risks. The information provided on this page is for informational purposes only and does not constitute investment advice. It is not a recommendation to buy or sell any specific digital asset or adopt any particular investment strategy. Phemex makes no claims regarding the accuracy, suitability, or validity of any information provided or any particular asset. For further information, please refer to our Terms of Use and Risk Disclosure.
Please be aware that data related to the aforementioned cryptocurrency (such as its current live price) is derived from third-party sources. It is presented to you "as is" for informational purposes only, without any representation or warranty of any kind. Links to third-party sites are not under Phemex’s control. The content expressed on this page is not intended to and should not be construed as an endorsement by Phemex of the reliability or accuracy of such content. For further information, please refer to our Terms of Use and Risk Disclosure.