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.