Phemex Token (PT) is an on-chain, transferable ERC-20 platform utility token for the Phemex exchange. It can be staked to obtain vePT, which grants decentralized governance power, staking rewards, trading rewards, fee discounts, and other benefits.
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Key Attribute
Value Proposition
How to Obtain
Transferability
PT can be transferred freely on the Ethereum blockchain
Convertible from xPT; can be purchased on open market, can be earned as trading reward
Staking
Stake PT to get vePT for governance rights
Usability
Can be used to pay for trading fees, deposit & withdrawal fees, and gas fees on Phemex. Also can be traded or staked
