This article was first published on Kyber Network - Medium
PT (Promo Token) is an ERC20 utility token used by KyberSwap and other token teams for special marketing purposes.
Depending on the marketing campaign, PT token holders will be able to swap their tokens for ETH or 70+ other tokens that are available on the KyberSwap platform. PT tokens are to be used only on KyberSwap, and are not meant for use on other platforms or exchanges.
KyberSwap determines the equivalent ETH or USD value of the PT tokens, and the expiry date of the promo codes. This will be based on the requirements of different marketing campaigns.
KyberSwap can create a customized PT token for token teams, which can only be swapped to one specific ERC20 token (e.g. DAI, DGX, or their own native token) during the campaign period.
PT Promo Codes
You may receive PT promo codes from Kyber or other teams as prizes during marketing campaigns and events. This promo code can be used to easily redeem your PT tokens on KyberSwap. Simply type in your 6 or 8 digit code and gain access to an Ethereum wallet address that contains your PT.
How To Use Your PT Promo Code
1. Go to KyberSwap
Visit https://kyber.network/swap and Click ‘SWAP’.
Select the ‘PROMO CODE’ option and enter your 6 or 8 digit code. This code is case sensitive (you have to type it in caps if it is displayed that way).
Click ‘APPLY’ to unlock your wallet.
2. Check that you have PT
Once you have unlocked your wallet, check that you have your PT tokens. There will also be some ETH inside for gas.
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Kyber Network - Medium