PT
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.
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 |
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Usability | Can be used to pay for trading fees, deposit & withdrawal fees, and gas fees on Phemex. Also can be traded or staked |
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