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