> For the complete documentation index, see [llms.txt](https://phemex.gitbook.io/phemex-web3-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://phemex.gitbook.io/phemex-web3-whitepaper/features/phemex-token/pt.md).

# PT

[Phemex Token (PT)](https://phemex.com/web3/pt-benefits) is an on-chain, transferable ERC-20 platform utility token for the Phemex exchange. [It can be staked](https://phemex.com/web3/stake/dashboard) to obtain vePT, which grants decentralized governance power, staking rewards, trading rewards, fee discounts, and other benefits.

<table data-header-hidden><thead><tr><th width="167.33333333333331"></th><th></th><th></th></tr></thead><tbody><tr><td><strong>Key Attribute</strong></td><td><strong>Value Proposition</strong></td><td><strong>How to Obtain</strong></td></tr><tr><td>Transferability</td><td>PT can be transferred freely on the Ethereum blockchain</td><td>Convertible from xPT; can be purchased on open market, can be earned as trading reward</td></tr><tr><td>Staking</td><td>Stake PT to get vePT for governance rights</td><td><br></td></tr><tr><td>Usability</td><td>Can be used to pay for trading fees, deposit &#x26; withdrawal fees, and gas fees on Phemex. Also can be traded or staked</td><td><br></td></tr></tbody></table>


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://phemex.gitbook.io/phemex-web3-whitepaper/features/phemex-token/pt.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.