PhoenixDAO $PHNX

The PhoenixDAO foundation has pioneered a revolutionary token called PHNX, engineered from an open-source, community-driven project, Hydro Blockchain, formerly known as Project Hydro. Significantly, PhoenixDAO confronts the centralization problems inherent to the original Hydro project by establishing a community-built DAO and introducing a more balanced token distribution plan, supplemented with smart contracts. The new token extends use cases and amends the token supply. The PHNX ecosystem integrates Authentication, Identity, Payments, Storage, Tokenization protocols, underpinning the ecosystem, thereby enabling the dApp Store and an Events Marketplace.

PhoenixDAO Foundation

The PhoenixDAO Foundation is a trailblazer in the crypto industry, creating innovative tokens from pre-existing open-source community-driven schemes. The foundation's core value lies in its commitment to eradicate centralization issues by introducing a community-built Decentralised Autonomous Organisation (DAO). This approach empowers the community and promotes a balanced distribution of powers.

PHNX Token

The PHNX token, a brainchild of PhoenixDAO, is a product of the Hydro Blockchain project. This token introduces an updated token supply and broadens the use cases of the original project, enhancing its adaptability and application. The PHNX token is designed with a balanced token distribution plan, reinforced with smart contracts, aiming to promote equitable distribution and utilization.

PhoenixDAO Protocols

PhoenixDAO has a series of protocols that form the backbone of the PHNX ecosystem. These include Authentication, Identity, Payments, Storage, and Tokenization. These protocols are intertwined to provide a comprehensive and holistic ecosystem. The integration of these protocols fuels the dApp Store and the Events Marketplace, enabling users to maximize the potential and benefits of the PHNX token.