Phemex Token (PT) is an on-chain, transferable platform utilty token for the Phemex exchange. It can be staked to obtain vePT, which grants decentralized governance power, staking rewards, trading bounties, fee discounts, and other benefits.
Total Supply
1 Billion PT
How to Acquire
Convertible from xPT; Available for purchase on the open market and can be obtained as reward.
Transferability
PT can be transferred freely on the Ethereum blockchain.
Staking
Stake PT to get vePT for governance rights&staking yield.
Usability
Can be used to pay for trading fees, deposit & withdrawal fees, and gas fees on Phemex. Can also be staked or traded.
How to use PT
See why PT is the most useful utility token
Spot Trading
Buy&Trade PT on Phemex Spot Market
PT Staking
Stake PT for vePT to earn more benefits
Early-Bird Access
Get Launchpad access and whitelist spots for feature testing
Coming Soon
DAO Governance
Propose and vote on platform decision-making
Coming Soon
Phemex Token (PT) Tokenomics
Total supply of the Phemex Tokens is 1 billion. They represent ownership stake in the Phemex platform and grant various utility benefits.
Total Supply
1B
Allocation
Percentage
Tokens
Pre-mining
10%
100,000,000
Collaborator Program
5%
50,000,000
Strategic Investors
20%
200,000,000
Ecosystem Fund (DAO Treasury)
15%
150,000,000
Trading Rewards (DAO Treasury)
12.5%
125,000,000
Liquidity Provider Rewards (DAO Treasury)
12.5%
125,000,000
Operations & Marketing
10%
100,000,000
Core Builders
15%
150,000,000
What is vePT
vePT (vote escrow PT) is an on-chain, non-transferable ERC20 governance token that grants users exclusive voting rights in the PhemexDAO. It is obtained by staking PT for a set period of time. vePT holders have exclusive voting rights in the PhemexDAO, can manage the platform treasury, enjoy staking yields in the form of PT, and Buy Crypto Airdrops Privilege.
vePT holders have exclusive governance rights within the PhemexDAO.
Time-locked
vePT obtained from staking PT is time-locked for the staking period.
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