What is Phoenix Protocol (PHX) | What is Phoenix Protocol token | What is PHX token
In this article, we’ll discuss information about the Phoenix Protocol project and PHX token
The Phoenix Protocol is a community-driven token with ownership-renounced and 1% of the supply reserved for development and marketing
Tokenomics
Original Supply
1,000,000,000,000,000 is the total supply. 30% burned at launch
Rug-Proof
The contract is renounced. Audits are underway.
Gain Passive Income
Every $PHX transaction will add 6% to liquidity, 4% reflected back to holders
Marketing Wallet
1% of the total supply has been reserved for marketing.
Frequently Asked Questions
What is the contract ID?
The contract ID for the Phoenix Protocol is 0xb98d864ddcb573567b3a2258c9e5cab58fe7974e.
What does the Phoenix Protocol do?
The Phoenix Protocol is here to guide those who have experienced loss a second chance at life in this volatile market. While market crashes can be grim, corrections are what have time and again led to even greater gains. When it feels like the end is near, the market will resurrect with your $PHX, soaring to heights previously unimaginable.
What makes the Phoenix Protocol different from other tokens on BSC?
It will be you. The flight of the $PHX is one that relies on a strong upwind and a reliable rudder which the Phoenix Protocol team is here to provide, but the sustained ascent will be dependent on the strength and commitment of the community to reach new altitudes.
When will you reveal your identities?
While we’d love to share our identities and speak candidly with each individual seeking revival through Phoenix, we have borne witness to a number of malicious attacks in this space which have jeopardized the safety of developers and their loved ones.
In the interest of cryptocurrency and the safety of developers who create on these decentralized platforms, we stand proud with the anonymous community and ask that you judge a token by its own merits and not by its creators, just as was asked and done for BTC and so many other tokens before.
When are you going to “xxxx”
The answer is likely we already have. The Phoenix Protocol was planned with passion and particularity meaning each stage along the path has been thought through and every stage of marketing has been designed with intention
The Resurrection Cycle can give you a better idea of exactly what we have in store, and we are always happy to listen to thoughtful suggestions. But you can trust that this team is ahead of the curve in reaching out to every potential outlet.
What does it mean to be ownership-renounced with liquidity burnt?
With ownership-renounced, this means that the contract is immutable meaning that it cannot be changed. So no matter how many rebirths the Phoenix Protocol goes through, it will, at its core, always remain the same. Furthermore, this means that no actions in the contract can be called, including the “mint” function which is a common but high-grade security risk for tokens of this nature.
In conjunction, the initial Liquidity Provider tokens or LP have been burnt. That means that all of the initial investment poured into PancakeSwap to enable trading has been sent to a dead address so that it can never be pulled out. As tokens burn into liquidity (which occurs on every transaction) the price floor continues to rise setting up a bright future. After all, you gotta burn tokens to make tokens!
How and Where to Buy PHX token ?
PHX token is now live on the Binance mainnet. The token address for PHX is 0xb98d864ddcb573567b3a2258c9e5cab58fe7974e. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap PHX token
Contract: 0xb98d864ddcb573567b3a2258c9e5cab58fe7974e
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in PHX token is currently …
Find more information PHX
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🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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