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

Phemex Token

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Last updated 1 year ago

Phemex plans to its own platform utility token on Nov. 30 2023. As an on-chain ERC20 token, the Phemex Token will offer a diverse array of benefits and use cases. Since PT represents ownership of Phemex, it can be staked in return for in order to actively participate in decentralized platform governance. vePT holders enjoy extended privileges including but not limited to staking yields and boosted trading rewards. For Phemex Soul Pass holders, the Phemex Token can be pre-mined as prior to the TGE. This means that the PSP is your keycard to early access accumulation of xPT at advantageous rates.

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PT (Phemex Token)
vePT (vote escrow Phemex Token)
xPT
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