Website

Phoneum (PHM)

ICO

Last updated: Aug 11, 2019

Phoneum (PHM) is a decentralized cryptocurrency, that operates on mobile devices via app only, empowered by custom blockchain technology. Phoneum is providing the regular smart mobile device user the ability to understand and get involved with the cryptocurrency revolution.

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Overview

Project industry	Mining
Product type	Cryptocurrency
Founded	Virgin Islands (British)
Whitepaper	Open
Onepager	Open

Bounty program

What is Phoneum

Phoneum's mission is to provide equality to all by simplifying the mining process. While the meteoric growth of the cryptocurrency market and increased media buzz was high at the end of 201 7, mainstream adoption and acceptance of cryptocurrencies has just begun. Phoneum, as an all-in-one solution, is well positioned to address the public's interest.

What makes Phoneum unique, is the custom algorithm and blockchain structure that delivers a truly mobile-only mining solution and simplified user interface which does not require technical skills to deploy.

Phoneum seamlessly integrates into users daily mobile device usage, enabling them to mine and support the advancement of this disruptive technology while not disrupting the everyday usage of their device. It is a new, scalable model of mining that harnesses the power of ubiquitous smart devices globally, requiring lower energy consumption with significantly less impact on the environment than current cryptocurrency mining models.

Phoneum is:

An end-to-end (P2P) mobile-only mined and maintained cryptocurrency

A free and easy-to-use Android and iOS app, with built-in miner and cryptocurrency wallet

A differentiated, customized consensus algorithm to maximize earning opportunities — a blend of Proof of Work (POW) and Proof of Time (POT) as the consensus mechanism, enabling miners to earn rewards for total time spent in the app

A Point-of-Sale network in which to utilize PHM for everyday purchases and payments

Free peer-to-peer transactions for users and transaction fees at a fraction of the cost of traditional payment networks for merchants

Not damaging to the smart phone due to the use of the phone's internal sensors

Details

Pre-sales: Jan 27, 2018 - Jul 10, 2018
Public sales: Jul 30, 2018 - Mar 31, 2019
Token supply: 3,500,000,000 PHM
Total tokens for sale: 2,462,500,000 PHM
Soft cap: 1,000,000 USD
Hard cap: 20,000,000 USD
Raised: 2,400,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: USA, China, Canada, Taiwan
Registration country: British Virgin Islands

Office address: Trinity Chambers, PO Box 4301 Road Town, Tortola VG1110 British Virgin Islands

Token info

Ticker: PHM
Type: Cryptocurrency
Token standard: ERC-20
Token price in USD: 1 PHM = 0.01 USD
Accepted currencies: ETH, BTC, LTC, DASH
Bonus program:
Presale = 35%, Stage 1 = 30%, Stage 2 = 25%, Stage 3 = 20%, Stage 4 = 15%
Token distribution:
82% - Mining
11% - Sale Allocation
3% - Team & Advisors
3% - Company Reserve
1% - Others
Funds allocation:
70% Product Development & Support
20% Business Development & Marketing
5% Legal & Accounting
5% Miscellaneous