I. What is Phoenix?
Phoenix Global (PHB) is a blockchain project that aims to develop innovative consumer applications and DApps using blockchain technology. The focus of Phoenix Global is on providing solutions that empower businesses and improve the guest experience through decentralized applications. The project was formed in 2020 as a result of a merger between APEX Network and Red Pulse Phoenix, creating a larger blockchain platform that enables users and companies to decentralize their applications.
Phoenix Global’s mainnet comprises various components, including Phoenix Oracle, Enterprise sidechains, double consensus, and multi-layer smart contracts. Additionally, the project features a data trading engine designed to increase the credibility of B2C transactions and empower consumers with ownership of their data.
II. History of Phoenix
Phoenix Global is a relatively new blockchain project that was created in 2020. It was formed through the merger of two existing blockchain projects, APEX Network, and Red Pulse Phoenix.
APEX Network was founded in 2017 by Jimmy Hu and was designed to be a blockchain-powered platform for enterprise use cases. The platform aimed to provide solutions for various industries, including logistics, supply chain, and consumer goods. The APEX Network mainnet went live in early 2019, but the project eventually merged with Red Pulse Phoenix later that year.
Red Pulse Phoenix was founded by Jonathan Ha in 2017 and aimed to create a decentralized market intelligence platform that would provide insights into the Chinese market. The platform was designed to leverage blockchain technology to ensure data accuracy and transparency. The project also incorporated a token-based incentive system to encourage users to contribute their knowledge to the platform.
The merger between APEX Network and Red Pulse Phoenix was announced in late 2019 and completed in early 2020. The new project, Phoenix Global, combined the expertise and resources of both teams to create a larger and more versatile blockchain platform. The Phoenix Global mainnet was launched in August 2020 and incorporates features such as Phoenix Oracle, enterprise sidechains, double consensus, and multi-layer smart contracts. The platform is designed to empower businesses and provide solutions for decentralized consumer applications and DApps.
III. Striking Features of Phoenix
Integrated link to the outside world. With the help of unique built-in middleware, you can quickly and easily connect your dApps to external systems and data sources.
Decoupling enterprise-class workflows from the main network will improve scalability. Build up your own application ecosystem across many sidechains.
Performance and agility in the deployment of consumer dApps are intended to be combined by the consensus process. Simple content transfer between the primary network (DPOS) and the backup network (POS).
Multilayer smart contract
Increased scalability, adaptability, and simplicity of smart contracts and dApp deployment thanks to a multi-layer smart contract framework that permits the hosting of some components off-chain.
Data trading tools
The Phoenix Global Virtual Machine’s integrated data transaction protocols are intended to improve B2C dependability, consumer data ownership, and security, as well as decentralized encrypted data storage.
IV. Core Technology of Phoenix
The core technology of Phoenix is its blockchain platform, which is designed to support the development of decentralized consumer applications and DApps. The Phoenix Global mainnet consists of several components, including Phoenix Oracle, enterprise sidechains, double consensus, and multi-layer smart contracts.
The Phoenix Oracle is a decentralized oracle solution that provides reliable and tamper-proof data to the blockchain network. It enables smart contracts to interact with external data sources in a secure and transparent way, which is crucial for building decentralized applications that require real-world data.
Enterprise sidechains allow businesses to create their own private blockchain networks that can interact with the main Phoenix blockchain. This provides companies with the flexibility to develop and test their own DApps while still benefiting from the security and scalability of the Phoenix network.
Double consensus is a consensus mechanism that combines proof of work (PoW) and proof of stake (PoS) algorithms. This approach enhances the security and decentralization of the network by requiring both PoW and PoS to confirm transactions and add new blocks to the blockchain.
Finally, Phoenix’s multi-layer smart contracts allow developers to create complex smart contracts that can interact with each other, and with external data sources. This makes it possible to build sophisticated decentralized applications that can automate complex processes and transactions in a secure and transparent way.
V. What is PHB?
1. Detailed Information about PHB
The PHB token is an in-house utility token for the Phoenix Global blockchain, which is built using the Binance Smart Contract platform (BSC-BEP20). This cryptocurrency will serve as a means of payment and reward in the Phoenix Global ecosystem. According to the official whitepaper, the PHB token’s supply will increase in phases at a rate of 10% per year. However, the project has not yet decided on the burning mechanism for PHB tokens.
The PHB token has two versions – PHB (old) and PHB (new). The old version of PHB will use the Neo platform, while the new version will use the Binance Smart Chain (BSC) platform. After the migration, PHB (old) will replace PHBv1, as announced by Binance. Users of the older version are already eligible for a new PHB swap.
- Name: Phoenix Global
- Transaction name: PHB
- Platform: Binance Smart Chain (BSC-BEP20)
- Contract: 0x0409633A72D846fc5BBe2f98D88564D35987904D
- Total Supply: 37,136,774 PHB
- Listing: November 2021
- Price when listed: $0.89/1 PHB
2. PHB Allocation
Information about the allocation of PHB tokens in different stages is not available.
3. PHB Noticeable Milestones
There are a few notable milestones for PHB:
- November 2021: PHB was listed on various cryptocurrency exchanges, including Binance and Gate.io.
- November 2021: PHB’s price at the time of listing was $0.89 per 1 PHB.
- December 2021: Phoenix Global announced a partnership with Shyft Network, a blockchain-based identity verification platform, to integrate their protocols and develop new products.
- January 2022: Phoenix Global launched its new wallet app, Phoenix Wallet, which allows users to store, manage, and trade their PHB tokens and other cryptocurrencies.
4. Use Cases of PHB
PHB has several use cases within the Phoenix Global ecosystem, including:
- Payment method for goods and services: PHB can be used to pay for goods and services within the Phoenix Global blockchain ecosystem.
- Reward system: Users can earn PHB as a reward for participating in various activities within the Phoenix Global blockchain ecosystem, such as staking, voting, and completing tasks.
- Governance: PHB holders can participate in the governance of the Phoenix Global blockchain by voting on proposals and making decisions that affect the direction of the ecosystem.
- Investment: PHB can be bought and sold on various cryptocurrency exchanges, and its value can potentially increase over time, making it a potential investment opportunity for traders and investors.
VI. How to earn & own PHB?
To buy PHB tokens, we need USDT first, you can buy and sell USDT at Binance.com
VII. Which Crypto Wallets are suitable for PHB?
PHB is an ERC-20 token that is built on the Binance Smart Chain. Therefore, any crypto wallet that supports ERC-20 tokens and Binance Smart Chain should be suitable for holding PHB tokens. Some examples of wallets that support both ERC-20 and Binance Smart Chain include:
- Trust Wallet
- Ledger Nano S
VIII. PHB Recent Developments
IX. Teams, Funds & Partners of PHB
The Phoenix Global team is made up of experienced blockchain developers, marketing and business experts, and advisors. The team is led by CEO Jimmy Hu, who has extensive experience in blockchain technology and business operations. Other core team members include CTO Kel Zhou, Head of Marketing Brian Wang, and Director of Operations Joe Yu.
2. Investment Funds & Partners
Phoenix Global raised $8 million in a private sale in 2020, which was used to fund the development of the blockchain platform and ecosystem. The project also received support from major blockchain investment firms such as Fenbushi Capital and NGC Ventures.
Phoenix Global has established partnerships with several companies in the blockchain and tech industries, including Binance, Elastos, Cocos-BCX, and Alphacat. These partnerships are aimed at improving the functionality and adoption of the Phoenix Global ecosystem, as well as integrating with other blockchain networks and technologies.
The above is Waytrade’s comment on the Phoenix project which is our personal opinion, this is not investment advice at all. Investors should be responsible for their own decisions.
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