PHOENIX

PHX Price

What is PHOENIX about?

Phoenix is a hyper-deflationary protocol built on the Inferno platform, functioning as a staking whale across three Titanx projects: Blaze, Flux, and Titanx. Rewards generated are allocated to maintain stakes and fuel the Phoenix buy-and-burn mechanism. This process routes through Inferno first, purchasing Phoenix tokens off the market. The acquired Phoenix tokens are split equally: 50% are burned, and 50% are sent to an auction balance. Daily, 1% of this balance is auctioned for Titanx, which is then reinvested into the Phoenix ecosystem.

What makes PHOENIX unique?

Phoenix holds partial ownership in three staking protocols. The rewards from these stakes are divided between maintaining the stakes and driving the Phoenix buy-and-burn mechanism.

What's the history of PHOENIX?

During the mint phase, the following allocations were made: 20% of Titanx entering Phoenix was max-staked in Titanx, 28% was used to buy Inferno before max-staking in Flux, and 9% was used to buy Inferno before max-staking in Blaze. For the initial 110 days, 100% of rewards were reinvested to expand the stakes.

What's next for PHOENIX?

Following the mint phase, daily auctions will begin. The Phoenix buy smart contract, triggered by user activity, will purchase Inferno before acquiring Phoenix tokens. These tokens are split 50/50: half are burned, and half go to the auction balance. Starting post-mint, 1% of this balance is auctioned daily for Titanx, which is recycled back into the Phoenix ecosystem to support stakes and the buy-and-burn process.

What can PHOENIX be used for?

Phoenix tokens are utilized for staking in three Titanx projects: Blaze, Flux, and Titanx. Additionally, they are used in daily auctions where 1% of the auction balance is exchanged for Titanx, which is then reinvested into the Phoenix ecosystem to support stakes and the buy-and-burn mechanism.

Where can you buy PHOENIX?

PHX tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade PHOENIX is Uniswap V3 (Ethereum), where the most active trading pair PHX/TITANX has a trading volume of $19.40 in the last 24 hours.

What is the daily trading volume of PHOENIX (PHX)?

The trading volume of PHOENIX (PHX) is $39.61 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for PHOENIX (PHX)?

PHOENIX (PHX) reached an all-time high of $0.0₆8149 and an all-time low of $0.0₇3354. It’s now trading -93.80% below that peak and 51.40% above its lowest price.

What is the market cap of PHOENIX (PHX)?

Market capitalization of PHOENIX (PHX) is $14,614.13 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of PHX tokens (290 Billion tokens are tradable on the market today).

What is the fully diluted valuation of PHOENIX (PHX)?

The fully diluted valuation (FDV) of PHOENIX (PHX) is $14,614.13. This is a statistical representation of the maximum market cap, assuming total number of 290 Billion ETH tokens are in circulation today.

How does the price performance of PHOENIX compare against its peers?

With a price increase of 0.00% in the last 7 days, PHOENIX (PHX) is outperforming the global cryptocurrency market which is down -2.40%, while outperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are down -1.50%.

How to add PHOENIX (PHX) to MetaMask?

Adding PHOENIX (PHX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import PHX as a token. You can copy PHX’s contract address (0xfe3f988a90dea3ee537bb43ec1aca7337a15d002) and import it manually, or if you've installed MetaMask's chrome extension, add PHX to MetaMask with one click on CoinGecko.

Add PHX to MetaMask.