Phemex Token (PT) is the native on-chain utility and governance token for the Phemex cryptocurrency exchange. Released as an ERC-20 token on November 30, 2023, PT is designed to power enhanced platform access, fee discounts, staking yields, and decentralized governance through the Phemex DAO. PT can be bought on specialized exchanges](https://phemex.com/how-to-buy/phemex) and PT can also be traded for using other cryptocurrencies.
Phemex Token(PT) Price
USD$0.941273 +1.96%
Price of Phemex Token(PT) Today
The live price of Phemex Token (PT) is $0.941273.The current market capitalization stands at $941.27M, with a 24-hour trading volume of $543,124.10.Phemex Token has experienced +1.96% 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.
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Phemex Token(PT) Profile
Price Range (24h)
24h Low: $0.92301 24h High: $0.964707
One-year High
$1.20
Price Change (1h)
+1.35%
Price Change (24h)
+1.96%
Price Change (7d)
-0.20%
Market Cap
$941.27M
24h Vol
$543,124.10
Circulating Supply
736.42M
Total Supply
1.00B
About
What Is Phemex Token?
Who Created Phemex Token?
PT was created by Phemex, a global crypto and derivatives exchange. The token was launched after a successful pre-minting phase, where early users earned xPT via trade-to-earn rewards and Phemex Soul Pass soulbound tokens.
How Phemex Token Works
PT is a transferable ERC-20 utility token that can be used to improve the Phemex trading experience. Users can stake PT to receive vePT (vote-escrowed PT), a non-transferable token that unlocks governance rights in the Phemex DAO, trading fee discounts, staking yields, launchpad access, and periodic cashback airdrops. PT is also usable for paying trading, deposit, withdrawal, and gas fees directly on Phemex, and can be freely traded on-chain.
What PT is Used For
PT enhances the Phemex user experience through multiple avenues. It can be used to reduce trading fees and earn competitive staking yields, as well as access VIP privileges including launchpad allocations. Holders can also stake PT to receive vePT (vote escrow PT) in order to participate in Phemex DAO governance. Following a new burn mechanism implemented by Phemex, 30% of revenues from MemeX and Pilot Trading will be burned as PT to reduce token supply and potentially boost value over time.
PT Tokenomics
PT has a fixed total supply of 1 billion tokens with a balanced distribution that supports platform growth, user incentives, and long-term ecosystem expansion.
Phemex Token(PT) Price Movements ($)
| Period | Amount Change | Change (%) |
|---|---|---|
| Today | +$0.018052 | +1.96% |
| 7 Days | $-0.00184369 | -0.20% |
| 30 Days | +$0.12345 | +15.09% |
Phemex Token(PT) Conversion Rate
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.