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PhoenEx (PHNEX)

ICO

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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Overview

Project industryExchanges & Wallets
Product typeCryptocurrency
FoundedPhilippines

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:

  • Exchange Fee.PHOENEX Exchange will charge a 0.15% fee per trade. Some variations to the percentage will be introduced subsequently, e.g. volume-based tiering, maker-taker, zero fee promotions, etc.
  • Margin Fee. A fee or interest will be charged on the borrowed amount.
  • Withdrawal Fee. A small fee will be charged for withdrawals
  • Listing Fee.PHOENEX Exchange will select innovative coins or tokens to be listed in the exchange and charge a small fee to cover only for operations costs but will not charge more for profit.
  • Advertising Fee. Listed coins or tokens can advertise and promote their company in the exchange platform for a fee.
  • Other Fees. The platform may charge fees for other services we offer
  • 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.

    Details

    Public 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

    Legal

    Blockchain Platform: Ethereum
    Country limitations: USA, Iran, North Korea
    Registration country: Singapore
    Registration year: 2018
    Office address: 604 Sembawang Road, Singapore 758459

    Token info

    Ticker: PHNEX
    Type: Utility-token
    Token price in USD: 1 PHNEX = 7.1E-6 USD
    Token price in EUR: 1 PHNEX = 0.000000006 EUR
    Accepted currencies: ETH
    Bonus program:
    > = 1 Ethereum - 1%
    > = 3 Ethereum - 3%
    > = 5 Ethereum - 5%
    > = 7 Ethereum - 7%
    > = 9 Ethereum - 9%
    > = 11 Ethereum - 11%
    > = 13 Ethereum - 13%
    Token distribution:






    Funds allocation:
    20% - Operations
    25% - Product Devlopment
    16% - Business Development
    4% - Legal
    35% - Marketing & Partnership

    PhoenEx Roadmap

    1
    November 2018

    Launch Date

    2
    24 November 2018

    Token Sale/Airdrop Start ​8:00 PM (GMT+8)

    3
    24 December 2018

    Token Sale/Airdrop End ​11:59 PM (GMT+8)

    4
    December 2018

    Exchange Listing

    5
    January 2019

    Development of PHOENEX Exchange with a semi-decentralized architectural design and consists of Ethereum smart contract with integrated centralized matching engine and transaction layer.

    6
    April 2019

    PHOENEX Exchange launch on the mainnet.

    7
    June 2019

    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.

    8
    March 2019

    User Acceptance Testing (UAT) and final revisions

    9
    May 2019

    Continuous improvements to PHOENEX protocol and integration of new blockchain developments.

    Project team

    Douie Marc Galiste
    Douie Marc Galiste
    CEO and Head of Marketing
    Douie Marc Galiste linkedin
    Raizalyn Razo
    Raizalyn Razo
    Project Manager and Advisor
    Raizalyn Razo linkedin
    Brookshiel Mae Galiste
    Brookshiel Mae Galiste
    COO and Marketing Advisor
    Brookshiel Mae Galiste facebook
    Adrian Alvarez
    Adrian Alvarez
    Community Manager and Advisor
    Adrian Alvarez linkedin
    Christine Buan
    Christine Buan
    Content Manager
    Christine Buan facebook
    Kate Deniece Oredina
    Kate Deniece Oredina
    Senior Web Developer
    Kate Deniece Oredina facebook
    Christian Pangan
    Christian Pangan
    Junior Web Developer
    Christian Pangan facebook
    Billy Brylle Pablo Mendoza
    Billy Brylle Pablo Mendoza
    Junior Web Developer
    Billy Brylle Pablo Mendoza facebook
    Marc Martin
    Marc Martin
    Junior Web Developer
    Marc Martin facebook
    Jorelle Martinez
    Jorelle Martinez
    UI Designer
    Jorelle Martinez linkedin
    Alfie Panelo
    Alfie Panelo
    System Analyst
    Alfie Panelo facebook

    Social media

    PhoenEx web-sitePhoenEx RedditPhoenEx MediumPhoenExYouTubePhoenEx TelegramPhoenEx BTCTalkPhoenEx TwitterPhoenEx FacebookPhoenEx Github

    User rating:

    5/5 ( 1 )
    0

    PhoenEx rating

    NA
    Claim admin rights for this project
    ICObenchNA
    ICOholderNAPhoenEx (PHNEX) icoholder
    ICOmarksNA
    PhoenEx NEWS

    How To get a verified Project status

    To pass the verification you need to place a our logo on the main page of your website and make an announcement of the listing in your social network accounts. Send us the email in reply with confirmation of the link placement.

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