> 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.