PHPT is an internal utility token created only for use within the PDAX mobile app. There is no blockchain or distributed ledger technology behind it.
Its purpose is to differentiate between: (1) PHP held for trading the newly launched cryptocurrencies and; (2) PHP for cashing in and out.
How can I convert my PHP to PHPT?
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As soon as you see the PHP amount in your account, click the Trade icon at the bottom of your screen.
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Select the PHPT/PHP trading pair.*
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Enter the amount of PHPT you wish to convert. Alternatively, you may choose a percentage (25%, 50%, 75%, 100%), and the system will automatically calculate the PHPT amount for you. Then click Convert to proceed.
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Be sure to double-check your order details before tapping Confirm.
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Return to Wallet and click Recent Wallet Transactions to view your order's status.
How can I withdraw PHPT?
You must first convert PHPT to PHP using your mobile app before withdrawing it.
Here are the step-by-step instructions:
- Sign in to your PDAX mobile app.
- Tap the Trade icon at the bottom of your screen
- Select the PHPT/PHP trading pair.
- Enter the amount of PHPT you wish to convert. Alternatively, you may choose a percentage (25%, 50%, 75%, 100%), and the system will automatically calculate the PHPT amount for you.
- Tap the Convert button.
- Be sure to double-check your order details before tapping Confirm.
- Return to Wallet and click Recent Wallet Transactions to view your order status,
Where can I see my PHPT transactions?
You can find the records of your PHPT transactions in your Wallet History in the mobile app or on web.trade.ph.
Are there any limits on converting PHP to PHPT?
The minimum amount is 50.00. There is no maximum amount.
How long will it take to convert PHP to PHPT?
The conversion may take up to a minute. Please check your Wallet History for the status.