PhoenixDAO protocol generates digital identities supported by ERC-1484. It also enables the development of DApps and APIs with an interoperable identity layer. In this article, as Kriptokoin.com, “What is PhoenixDAO?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is PhoenixDAO? What does PHNX do?
Phoenix DAO foundation, a community-created DAO, is built with built-in smart contracts. It was also released as a new Token that solves the central problems at the core of the original Hydro project, with a healthier Token distribution plan, additional use cases, and an updated version.
What is the purpose of the project?
Over the past 2 years the community has built a robust Blockchain ecosystem that has never been given the opportunity to reach its full potential. However, the platform is still evolving. The creation of the Phoenix DAO will remove the shackles placed on the project, giving the opportunity to develop and build the project freely. PHNX is a truly decentralized, open source project encompassing identity, payment, tokenization, authentication and storage alongside a dApp Store at the heart of the Phoenix ecosystem.
At the same time, a core mission of the PhoenixDAO strategy is to actively work with individual developers and build enterprise-level companies using protocols to power products. This decentralization improves the usage functionality of the Token and the overall ecosystem. It is also driven by a true sense of decentralization and community control, supported by a highly skilled team and a solid network of partnerships. Therefore, ecosystem producers and the community will have many advantages in this fork.
What are the PHNX ecosystem protocols?
- Authentication,
- digital identity,
- Payments,
- Storage,
- Tokenization,
- a dApp Store,
- Event marketplace.
What is PhoenixDAO? How to buy PHNX?
Cryptocurrency exchanges traded on PhoenixDAO; KuCoin is CoinEx and ProBit Global. To purchase coins, these steps are followed:
First of all, access the web/mobile application of the exchange that lists the PHNX you have chosen as the first step. Then complete the account opening steps of the exchange. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, select the PHNX Coin with the balance amount you want and create a purchase order. Store it in your trusted accounts.
