> 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/incentives/trading-rewards/xpt-pre-mining/xpt-to-pt-conversion-and-distribution.md). # xPT to PT Conversion & Distribution xPT rewards obtained by participants in the pre-mining event will be automatically converted to Phemex Token (PT) during the platform's token generation event. For rewards generated by non-API trading volume, 25% of converted PT will be unlocked and distributed at TGE. The remaining 75% will be distributed every 7 days (25% each time) over the following three weeks. Therefore, a total of 4 unlocks and distributions will occur. For rewards generated by API trading volume, 12.5% of converted PT will be unlocked and distributed at TGE. The remaining 87.5% will be distributed every 7 days (12.5% each time) over the following seven weeks. Therefore, a total of 8 unlocks and distributions will occur. --- # 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: ``` GET https://phemex.gitbook.io/phemex-web3-whitepaper/incentives/trading-rewards/xpt-pre-mining/xpt-to-pt-conversion-and-distribution.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.