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Summary of PhoenixCo Token
Numbers and Figures:
- 33% of XPHX’s total supply will be distributed among token holders and liquidity providers to DEX markets.
- 500+ stakeholders are actively staking on the platform.
- 2021: XPHX was introduced on Binance Smart-chain.
- 2023: Launched DeFi stake minings for yield-farming XPHX.
- 2029: XPHX mining will continue until this year.
- 2% holder tax on Binance Smart-Chain.
Case Studies and Examples:
- XPHX stake mining on the platform.
Introducing PhoenixCo Token: A Beacon of Innovation
As a blockchain-based investment company, we leverage our resources to capitalize on the crypto market, utilizing our native token XPHX as a gateway for our community to join us in achieving long-term success. Our platform facilitates instant swaps between various cryptocurrencies with zero-fee centralized chain bridging. Additionally, XPHX stake mining is partially conducted through our platform, with over 500 stakeholders actively participating in staking. We provide risk management advice and portfolio management to our esteemed VIP users. PhoenixCo Token (XPHX) is the native token for the PhoenixCo ecosystem, offering numerous benefits to holders and users. These benefits include: acquiring generous mining rewards, with 33% of XPHX’s total supply allocated to token holders and liquidity providers in DEX markets, enabling community participation in XPHX mining until 2029; participating in NFT campaigns and receiving token drops; utilizing XPHX tokens as a service fee for accessing VIP services; serving as the primary liquidity backing token for xphxco.org partnership listings with other crypto companies and projects; benefiting from decentralized on-chain holders’ rewards on every XPHX transaction on BSC and Polygon; and, in the future, being lockable as collateral for lending and borrowing, becoming a key element of our own Stablecoin, and featuring new burning mechanisms as we progress through token emission and staking roadmaps.
XPHX initially emerged on the BCH blockchain as an SLP (Simple Ledger Protocol) token, primarily utilized within the nascent community of PhoenixCo. As time unfolded, we revamped our platform in mid-2021, introducing a plethora of novel features, including Swap, Saving, and XPHX Staking. This enabled users to stake their tokens and mint new ones into circulation, thereby delegating their allocation. Prior to this era, we implemented weekly token airdrops to ensure a fair distribution of mining allocations among holders. In late 2021, we successfully listed XPHX on Binance Smart Chain, coinciding with the crypto market’s peak. Notably, XPHX boasts the highest liquidity and activity on Binance Smart Chain. Since January 2023, we have launched multiple DeFi stake minings for yield-farming XPHX, pairing it with diverse coins and tokens to enhance liquidity and encourage community participation in building the ecosystem, thereby contributing to the project’s decentralization. Currently, several mining contracts are live for XPHX and PHDAO (Governance Token) on BabydogeSwap.com and Dodoex.io, in addition to the traditional xphxco.org stake mining. Furthermore, on-chain benefits of holding XPHX include the 2% holder tax on Binance Smart Chain.