> 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/token-benefits.md).

# Token Benefits

Summary of our [token benefits](https://phemex.com/web3/pt-benefits) are as follows:

**xPT**

* Automatically redeem at 1:1 basis into PT at TGE. 25% unlocks immediately at TGE, and the remaining 75% is distributed weekly over a 3 week period.
* Phemex VIP privileges to those who meet certain xPT thresholds

**PT**

* On-chain, transferable ERC-20 platform utility token
* Can be used to pay for trading fees, deposit & withdrawal fees, and gas fees on Phemex
* Can be staked for anytime between 1 month and two years to acquire vePT
  * Stake 1 PT for 1 month = Get 0.042 vePT
  * Stake 1 PT for 3 months = Get 0.125 vePT
  * Stake 1 PT for 6 months = Get 0.25 vePT
  * Stake 1 PT for 1 year = Get 0.5 vePT
  * Stake 1 PT for 2 years = Get 1 vePT

**vePT**

* DAO Governance
* Treasury Management
* [Staking Yield](https://phemex.com/web3/stake/dashboard)
* Trading Reward Boost
* VIP Fee Discounts + Airdrops & Earn Boosts
* Exclusive Launchpad & Launchpool Access

\*\*vePT benefits are expanded upon in subsequent sections<br>

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