PHOENEX is a semi-decentralized exchange built for real-time, trustless, highspeed trading experience with integrated blockchain settlement features. Users login using their email address or phone number and added layer of security with deposits and withdrawals done through the blockchain without limit, while a centralized layer enables users to trade at high speeds without waiting for transactions to mine, create multiple orders and cancel orders instantly without gas costs.
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What is PhoenEx
PHOENEX Exchange platform will use a two-pronged approach when it comes to security. The platform does not require KYC and users only need their email address and private key to be able to start trading. The non-critical components of the trading process will be housed centrally while deposits and withdrawals will be broadcasted to the network. Using this approach, PHOENEX has the agility of a centralized exchange, at the same time the transparency of a decentralized exchange.
The exchange platform will incorporate a portfolio tracker where users can see at a quick glance the buy price, current price, volume, equivalent value in ethereum, and dollar, and last but not the least the percentage gain/loss. This way, day traders and hodlers alike will no longer have to navigate from one tab to another just to compare their buy price to the market price, and most importantly to check whether they are gaining or losing money. PHOENEX is built with the end users in mind. Customer service has a defined service level agreement and standard across time zones.
Our fees are competitive and relatively low compared to other established exchanges. In addition, using PHOENEX Token to pay for fees entails big discount. Lastly, new token listing process is agile and streamlined. Project teams do not have to wait for weeks or months to know the result of their listing application.
PHOENEX revenue will come from the following sources:
PHOENEX (PHNEX) is a standard ERC-20 compliant token created through Ethereum Smart Contract. Wallets that support Ethereum such as MyEtherWallet, ImToken, Metamask, Parity, Mist, and Ethereum Wallet can be used to receive, store, and send PHOENEX tokens.
The PHOENEX token is not a security token. It is classified as payment or utility tokens which will be used in the PHOENEX Exchange application as exchange fees, withdraw fees, new coin or token listing fees, advertising fees, etc.
PHOENEX Tokens will be used as currency on the PHOENEX Exchange platform along with Ethereum and Bitcoin. PHOENEX Tokens do not represent company shares or give rights to profit sharing. As mentioned above, PHOENEX Token is utility token, therefore there is no guarantee of future value of the PHOENEX Token and will be solely up to the market and community to decide same.
Limited Supply of Tokens
The total number of minted tokens is 37 billion PHOENEX Tokens. All unsold tokens will be burned. Tokens allocated to founders, developers, and advisors are locked in for one year.
No Presale or Private Sale
We opted not to conduct a Presale or Private sale to offer every participants equal terms to all Token Sale which will lead to a more stable token pricing rate when listed on cryptocurrency exchanges.
Token Buy Back Plan
Every quarter, we will use 10% of our proceeds to buy back PHOENEX Tokens and destroy them, until 50% of all PHOENEX Tokens are removed from circulation.
DetailsPublic sales: Nov 24, 2018 - Dec 24, 2018
Token supply: 30,932,000,000 PHNEX
Total tokens for sale: 30,932,000,000 PHNEX
Soft cap: 1,000 ETH
Hard cap: 2,000 ETH
LegalBlockchain Platform: Ethereum
Country limitations: USA, Iran, North Korea
Registration country: Singapore
Registration year: 2018
Office address: 604 Sembawang Road, Singapore 758459
Token infoTicker: PHNEX
Token price in USD: 1 PHNEX = 7.1E-6 USD
Token price in EUR: 1 PHNEX = 0.000000006 EUR
Accepted currencies: ETH
> = 1 Ethereum - 1%
> = 3 Ethereum - 3%
> = 5 Ethereum - 5%
> = 7 Ethereum - 7%
> = 9 Ethereum - 9%
> = 11 Ethereum - 11%
> = 13 Ethereum - 13%
20% - Operations
25% - Product Devlopment
16% - Business Development
4% - Legal
35% - Marketing & Partnership
Token Sale/Airdrop Start 8:00 PM (GMT+8)
Token Sale/Airdrop End 11:59 PM (GMT+8)
Development of PHOENEX Exchange with a semi-decentralized architectural design and consists of Ethereum smart contract with integrated centralized matching engine and transaction layer.
PHOENEX Exchange launch on the mainnet.
Start buy back of PHOENEX tokens using 10% of the exchange proceeds to destroy them until 50% of the supply has been removed from circulation.
User Acceptance Testing (UAT) and final revisions
Continuous improvements to PHOENEX protocol and integration of new blockchain developments.