Phemex Pulse Updated Mechanisms

To provide our users with top-notch user experience and constant innovation, we plan to update the mechanism regarding how PhemexPulse points can be converted to PT at 00:00:00 UTC on 2nd April. The newly launched mechanism will emphasize fairness while introducing gamified elements such as Reward Points and Raffle Fuel. 

Here are the key updates:

1. There will be a total amount of 3,000 PT in each round of the Raffle Draw, 9,000 PT total in 24 hours.
2. The first-come, first-served mechanism will be substituted with a new model, the result will be tracked through the smart contract.
3. 10 Reward Points will be awarded for each referral (maximum 100 points), and 50 points for engagement in a group once a day. Reward Points earned for each 10K trading volume (Contract & Spot) will increase to 10 points, with an additional 20 points granted daily for trading activity.
4. Raffle Fuel can be acquired by completing advanced KYC, holding PSP, PT, and vePT, Net Deposit Amount (Total deposit amount - total withdrawal Amount) starting from 1st March 2024. These actions will increase your odds of accumulating more PT during the conversion.
5. Your current Raffle Fuel status will be visible when participating in the Raffle Draw, impacting your final results in the Raffle.
6. Once you 'Confirm' participation, the system will snapshot your current Reward Points and Raffle Fuel. The calculation of your share: (My Points x Raffle) / Sum (Points x Raffle in the pool).
7.  You can participate in the Raffle by allocating the amount of Rewards Points to use separately three times a day during 0:00:00 - 00:29:59 UTC, 08:00:00 - 08:29:59 UTC, and 16:00:00 - 16:29:59 UTC. The results of each round will be announced at 0:30:00 UTC, 08:30:00 UTC, and 16:30:00 UTC respectively, and you’ll be able to see how much PT you have received.