What is Phoenix Global (PHB)?
PHB is the native token of Pheonix Global, which is a BSC-based infrastructure used for the development of Web 3.0 applications. It uses next-gen AI tools to allow the building of intelligent apps that can be integrated both – on-chain and off-chain. Take a look at the Phoenix Global price chart to see the current PHB price.
The platform consists of three main elements:
- Enterprise Layer 1. EVM-compatible layer that is designed for reliable performance of Web 3.0 apps that require a lot of data and computation.
- Computational Layer 2. A layer that acts as a performance layer for decentralized AI applications, on-chain data analytics, and multi-party computing.
- Oracle integration. Allows the secure integration of external data sources.
Use Cases of PHB Tokens
As the native token of the network, PHB is used to make payments and reward users. However, the main use case of Pheonix Global tokens is staking. Users can deposit their tokens in pools on the Pheonix Staker to generate an income passively and earn rewards.
Who Founded Phoenix Global?
The Phoenix Global crypto project was founded in 2020 by THAMI NJOKO. The project was born by merging Red Pulse Phoenix and APEX Network.
Tokenomics of PHB
There is no max supply set for PHB as a 10% supply increase is planned each year. This might affect the PHB price negatively unless the project starts employing burning mechanisms. As of writing this, token-burning mechanisms for PHB have yet to be determined. However, if you are interested in the current Phoenix Global (new) price, you can see it in the chart above.
It's also important to note that the Phoenix Global project underwent a token redenomination and migration on November 2, 2021. PHB tokens were migrated from the NEO chain to the BSC chain and redenominated at a 100:1 ratio.
