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Activity Details
Activity Start Time
1970-01-01 00:00:00 (UTC)
Activity End Time
1970-01-01 00:00:00 (UTC)
Starting Price
Reserve Price
Max USDT locking amount for PSP holders
0
Max USDT locking amount for regular users
0
Min. USDT locking amount for PSP holders
0
Min. USDT locking amount for regular users
0
Round for Phemex Soul Pass holders(Basic KYC required)
Activity Start Time
1970-01-01 00:00:00 (UTC)
Starting Price
Max USDT locking amount for PSP holders
0
Min. USDT locking amount for PSP holders
0
Public Round(Basic KYC required)
Activity End Time
1970-01-01 00:00:00 (UTC)
Reserve Price
Max USDT locking amount for regular users
0
Min. USDT locking amount for regular users
0
Token Info
Token Name
Phemex Token()
Token Address
Total Supply
--
Available for Phemex Token Bidding
--
How does the Phemex Token Bidding Work?
How does the Phemex Token Bidding Work?
This activity will feature Dutch Auction mechanics to give PSP holders and regular users the chance to obtain the Phemex Token upon launch.
Step 1: Bidding Starts
Following Dutch Auction principles, PT bidding begins at starting price then gradually drops in linear fashion.Participants can lock USDT to obtain PT allocation.
Step 2: Bidding Ends
All available PT have been allocated OR the reserve price is reached.The price reached when Bidding ends is the final price shared amongst all participants.
Step 3: PT Distribution
Phemex Tokens will be distributed to your Phemex spot account prior to token listing.Phemex Token Bidding is Risk-Free!
After locking USDT and receiving PT, you can choose to return your PT allocation at the original clearing price during the return period. Doing so will unlock your USDT and return it to your Phemex spot account, while the corresponding PT is deducted from your spot account.
Return Period : 1970/01-01 00:00:00 UTC - 1970/01-01 00:00:00 UTC
--Your USDT Locked
0
Your Allocation
0
What is a Dutch Auction mechanism?
What is the clearing price?
I have already completed advanced KYC, should I complete basic KYC again?
How can I deposit and bid?
Can I cancel my bid?
Why is the final amount of PT tokens I received different from the amount when I bid?
If I still have questions, who can I contact?
Terms and Conditions
By participating in the PT Bidding event, you (the "Participant") acknowledge, accept, and agree to be bound and abide by these Terms and the Terms of Use which can be found at term of use：
1. Phemex Token obtained through the event will be distributed according to the rules of the event and Terms of Use.
2. Your participation in the event is subject to your compliance with the Terms of Use and the rules set forth on the Phemex website. In the event of any non-compliance with any such terms and rules, we may, at our absolute discretion, refuse or suspend your participation in the event.
3. You are responsible for complying with all applicable laws, regulations, and tax obligations in your respective jurisdictions. If you are a Disqualified Person, please note that you are not eligible and you are not to participate in the event.
4. Participants are responsible for their own behavior during this activity. If any participant uses technological means to manipulate the fairness of the event, such as plug-ins for bidding or any other prohibited trading activities, we reserve the right to cancel that user’s participation in the activity and permanently freeze their account.
5. Apple Inc is not a sponsor or involved in the activity in any manner.
The Terms and Conditions can be modified, curtailed, or terminated at any time in Phemex’s sole discretion for any reason. For further inquiry，You should consult your legal, financial, tax or other professional advisor(s). If you do not agree to these conditions or the Terms of Use, please do not participate in the event.
Note
Dear Phemex users,
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