Pt-based electrocatalysts have long been considered as the most effective oxygen reduction reaction (ORR) and methanol oxidation reaction (MOR) catalysts due to their excellent intrinsic activity. For supported catalysts, Pt loading, particle size, interparticle distance (ipd), and interaction with support are identified as key contributors for high activity and selectivity. The proximity effect is a relatively new topic in catalysis research. There is a contradiction between the traditional view which induces the electronic interaction to reduce the activity and the new view which causes the electrical double-layer overlap of adjacent nanoclusters, changes the potential distribution and improves the specific activity. [1, 2]To this end, we have developed the nitrogen-doped graphite-like carbon sheets supporting low-Pt loading (Pt@N-GC) with uniform sizes and controllable ipd, and disentangled the main effect of ipd on ORR activity/selectivity and MOR activity/CO tolerance. Combining electrochemical tests and the trade-off mechanism between proximity effect and low-Pt loading, the following trends were obtained:1) 10.0 wt% Pt@N-GC with highest Pt loading and lowest ipd inhibits 2e- ORR by strong adsorption and reabsorption of *OOH due to the presence of closer Pt sites, and improves 4e- ORR selectivity. However, the mass activity/specific activity reached the maximum under the optimal low-Pt loading of 5.0 wt%.2) Similarly, 10.0 wt% Pt@N-GC weakened the adsorption of the -OH group of oxidized COads intermediates, led to the strong adsorption of COads on the catalyst surface, inactivated of Pt sites and reduced the CO resistance. Considering the need to improve CO tolerance while increasing MOR activity, the 5.0 wt% low-Pt loading catalyst exhibiting the best MOR performance under the optimal ipd.3) Benefiting by the synergistic effect of Pt nanoparticles and N-GC support, all Pt@N-GCs exhibit bifunctional electrocatalytic activity and durability.We attribute these findings to the underlying mechanism trade-off between the particle proximity effect and low-Pt loading under the uniform particle size and controlled ipd (Figure. 1). We believe the proximity effect has positive and negative effects, how to maximize the advantages of proximity effect can provide valuable guidance for the design and optimization of low-Pt loading bifunctional electrocatalysts in the future.[1] M. Nesselberger, M. Roefzaad, R.F. Hamou, P.U. Biedermann, F.F. Schweinberger, S. Kunz, K. Schloegl, G.K. Wiberg, S. Ashton, U. Heiz, K.J. Mayrhofer, M. Arenz, Nat. Mater., 12 (2013) 919-924.[2] M. Watanabe, H. Sei, P. Stonehart, J. Eelectroanal. Chem., 261 (1989) 375-387. Figure 1. The trade-off mechanism analysis between proximity effect and low-Pt loading. Figure 1