Congratulations on stumbling across this article. What you read on the thumbnail is not an attempt for clickbait but truly outlining how explosive the PhoenixDAO ($PHNX) ecosystem is and will be! From a buying perspective, the PhoenixDAO token 'PHNX' currently sits at 18-19 cents with a market cap of $10 million dollars. The PhoenixDAO community have been confidently speculating a $100+ million market cap to be achieved within the upcoming weeks/months. Let's explore what is fueling their price predictions.
What is PhoenixDAO:
The core focus of PhoenixDAO is as to their slogan “digital identity reborn!” the use of digital identity and authentication protocols to power the next generation of DeFi applications. Not only does PhoenixDAO consist of cutting edge DeFi protocols, but the project also hosts a suite of market-ready products. These products include: Event NFT Ticketing Marketplace, BSC Bridge, DAO, Staking v1 (20% APR) & v2 (liquidity farming) dApp, dApp Store & NFT’s.
Where to buy PHNX:
PHNX is now listed on Uniswap, Pancakeswap, KUCOIN & Bittrex
Direct Uniswap PHNX Link
Direct Pancakeswap PHNX Link
Exciting Things This Quarter:
Marketing Initiatives:
Securing a top-level influencer for a dedicated YouTube review. - Community voted for BitBoy (916k YouTube subscribers)
AMA’s
Media outlet coverage
- Social Media influencers
Products:
- ETH -> BSC Bridge now live
- Staking: 7.5 million PHNX already staked (approx 15% of circulating supply)
- V2 Staking (Liquidity farming)
- DAO launch
- Events Marketplace
Numio (Built on PHNX - More info below) :
- Full mobile application (Andriod & iOS) launching
- Layer 2 (L2) Uniswap trading for PHNX & other assets (say goodbye to crazy eth gas fees!)
- Cannabis Dispensaries trials ($17 billion industry)
- Huge partnership announcements. Direct quote from the Head of Numio Business Development, Mark Anstead: “On the bizdev side, I have been very hard at work on some things over the last few weeks, so stay tuned for some very exciting announcements that we will be sharing (some of which will be announced this month). One of them will be pretty damn awesome”
- Heavy marketing for product launches and PHNX promotions
PhoenixDAO Events Marketplace:
- Polygon (Matic) integration. Buy your tickets virtually feeless
- Affiliate Partnership with Travala (AVA). Host an event and use Travala to book your flights and hotels for the event. The team has confirmed as part of the ongoing partnership, the conversation of listing PHNX as a payment option on the Travala platform has been discussed.
- The team has highlighted their focus on securing and onboarding more partnerships for the Events dApp. Using current partnership contacts to leverage their global reach.
- Visa/Mastercard card payments to purchase PHNX. PhoenixDAO Partnership Director, Thomas Monte: “Talking about barriers to entry. I was on a productive call yesterday that will allow us to facilitate card payments. Details of this are now being worked out. Anticipating that feature enabled soon”
PhoenixDAO Marketing Manager, Craig Snowball has a large number of relevant connections in the travel industry (check LinkedIn connections) previously working for a global leader in Corporate Travel & Events, Hogg Robinson Group, acquired by Amex.
More about the Events Marketplace:
- The PhoenixDAO Events Marketplace uses $PHNX tokens to buy and sell event tickets.
- Events can be virtual or on-location.
- Events can be assigned categories we are all familiar with.
- Event tickets are ERC-721 NFT's, allowing users to transfer, send to others, and buy for a family member or friend.
- Event creators have a dashboard for metrics and their sell data.
- The Marketplace is decentralized using powerful and familiar blockchain integrations.
What is Numio:
Built using the PhoenixDAO protocols, Numio is bringing crypto adoption mainstream with the tech and infrastructure needed to reach the unbanked. Unbanked merchant pilots in the US (testing has already begun with Cannabis dispensaries, a $17bil market) and Africa will be launching after Numio releases their products Numio Pay and Numio Vault. Numio will allow unbanked individuals to deposit funds into their accounts via sponsored crypto ATMs and pay for items at the register with Numio Pay. Numio Vault will allow banked and unbanked merchants to accept these funds and payout suppliers or employees using local stable coins.
Fees are a deal-breaker in crypto transactions, so the Numio team have incorporated the Layer 2 scaling solution, zkRollups so that you pay less and your payments are settled instantly.
The PHNX token has been added to the Numio apps, Numio & Vault, both as a means of payment and as a utility. The payment option is self-explanatory and the utility option works as follows.
- Users transferring PHNX will be eligible for ‘cashback’ rewards.
- Every verified identity that is created on the Numio app will see PHNX being staked.
- There will be incentives to send PHNX as part of ongoing Numio Pay Day promotions.
- Point of Sales (PoS) fee discounts for using PHNX.
- Numio will convert 10% of KYC revenue into PHNX and stake this in the PHNX staking dApp for the 365 staking period.
- The 20% instant staking rewards will go to the PhoenixDAO community who can then vote on what to do with them. This includes voting to token burns.
- Numio Authenticator will be used to access DAO software and in DAO voting identity verification.
To learn more about PhoenixDAO (PHNX) and Numio:
www.phoenixdao.io
www.numio.one
Telegram: https://t.me/phnxdao
Disclaimer: Article based on independent research, without the input and influence of the PhoenixDAO & Numio teams.
