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:
- There will be a total amount of 3,000 PT in each round of the Raffle Draw, 9,000 PT total in 24 hours.
- The first-come, first-served mechanism will be substituted with a new model, the result will be tracked through the smart contract.
- 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.
- 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.
- Your current Raffle Fuel status will be visible when participating in the Raffle Draw, impacting your final results in the Raffle.
- 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).
- 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.
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