Phemex Web3 Whitepaper
  • Overview
  • Features
    • Phemex Soul Pass
      • Use Cases
      • Minting
    • Phemex Token
      • Tokenomics
      • xPT
      • PT
      • vePT
      • Token Benefits
        • DAO Governance
        • Treasury Management
        • Staking Yield
        • Trading Reward Boost
        • Fee Discounts & Earn Boosts
        • Launchpad & Launchpool Access
    • Phemex DAO
      • Governance Model
      • Proposal & Voting
        • Voting System
        • Request for Comments System
      • Contributor Incentives
        • Detailed Breakdown
  • Incentives
    • Trading Rewards
      • xPT Pre-mining
        • xPT Reward Calculation
        • xPT to PT Conversion & Distribution
        • Boost Factor Leaderboard
        • Additional Perks
        • API Users Special Offer
        • Prohibited Actions and Consequences
      • PT Trading Rewards
    • Liquidity Provider Rewards
    • Phemex Collaborator Program
  • Concepts
    • Technical Concepts
      • Terms and Conditions
    • Privacy
    • Vision
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  1. Features
  2. Phemex Soul Pass

Use Cases

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Last updated 2 years ago

The Phemex Soul Pass functions as your verifiable, on-chain passport to exclusive privileges within the Web 3.0 ecosystem of Phemexia. After minting, the PSP holds information regarding your balance, which are pre-mined tokens that will be automatically converted into the during the Token Generation Event (TGE) in Q3 2023. This platform token denotes your ownership stake in Phemex and potential governance, voting, and treasury management rights. As your xPT balance changes, this data is periodically updated directly on the Phemex Soul Pass.

xPT
Phemex Token (PT)