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About Phuture
Key Points:
- Phuture is a crypto index platform that simplifies investing in crypto.
- Based on an open design philosophy, providing users with tools to create new indices and invest in existing ones.
- Platform combines a user-friendly interface with powerful instruments, including the Index Creator.
- Protocol designed for scalability, allowing a single swap to rebalance multiple indexes simultaneously.
- $1.5 million raised in private seed fundraising round in May 2021.
Founders:
- Charles Storry – Head of Growth
- Alex Melnichuk – Tech Lead
- Ol
About Phuture
Phuture is a decentralized finance (DeFi) protocol that empowers users to create and manage bespoke indices, providing unparalleled flexibility and customization in the cryptocurrency market.
Introducing Phuture (PHTR): A Revolutionary DeFi Protocol
Phuture is a pioneering crypto index platform, designed to simplify and streamline the process of investing in cryptocurrencies.
The Dawn of Web 3.0
Phuture is founded upon an open design philosophy, empowering users to craft bespoke passive investment strategies. This innovative platform furnishes users with the requisite tools to devise novel indices and invest in existing ones created by the community.
The platform seamlessly integrates a user-centric interface with a suite of robust tools. A notable example is the Index Creator, which streamlines the index creation process by providing customizable parameters, including automatic sector tracking and dynamic weighting methodologies.
The protocol is meticulously designed to provide unparalleled scalability by facilitating a single swap that can simultaneously rebalance multiple indexes. The mechanism’s sophisticated algorithm calculates the optimal assets for rebalancing and determines the acceptable ranges of weights, thereby ensuring seamless execution. As a result, the platform is capable of supporting hundreds of indices, minimizing value erosion during trades, and significantly enhancing index productivity.
In early May 2021, Phuture protocol successfully concluded its private seed fundraising round, securing a substantial $1.5 million in investments from a consortium of esteemed venture capital firms, including Ascensive Assets, NGC Ventures, SevenX, Origin Capital, Waterdrip Capital, Moonrock Capital, and D64.
The Visionaries Behind Phuture: Meet the Founders
Charles Storry – Head of Growth. Prior to co-founding Phuture, Charles held a partnership role at SVK Crypto, a London-based venture capital firm.
Alex Melnichuk, Tech Lead, brings a wealth of expertise to the table, having co-founded Pragma Development Studios prior to co-founding Phuture. With an impressive tenure of over ten years in software development, Alex’s proficiency in the field is undeniable.
Oliver Mehr – Head of Product. Prior to co-founding Phuture, Oliver held a partnership role at SVK Crypto, a London-based venture capital firm.
Unveiling the Unparalleled Attributes of Phuture (PHTR)
Phuture empowers individuals to create and launch their own bespoke indices, leveraging assets on the Ethereum (ETH) blockchain.
Through its innovative index creation tools, Phuture’s portfolio expands in tandem with the market, embracing emerging sectors. Holders of PHTR tokens wield significant influence over the protocol’s evolution, actively contributing to pivotal decision-making processes. By leveraging third-party profitability optimizers, Phuture effectively mitigates opportunity costs.
Through the strategic grouping of index assets into categories of similar assets, Phuture ensures seamless rebalancing and optimal off-platform performance. This aggregated design enables the platform to effortlessly scale up as numerous indexes are added, fostering unparalleled flexibility and efficiency.
By leveraging the 0x API, Phuture aggregates liquidity across the Ethereum network, thereby granting access to a diverse array of assets and enhancing execution quality. Notably, there is no liquidity recovery phase, enabling users to create indices with any assets unrestricted by one-way deposit limitations, albeit only during the initial stage.
Phuture’s innovative rebalancing range formula serves as a safeguard, preventing the rebalancing system from malfunctioning unexpectedly. This mechanism is triggered when the asset price deviates from the predetermined range, thereby ensuring the system’s stability and security during periods of significant price volatility.
Phuture’s aggregate design also bolsters asset performance by generating additional yield and facilitating asset withdrawals, while maintaining a requisite reserve level to ensure seamless rebalancing and maturity.
To guarantee the seamless operation of the platform, Phuture employs keepers to execute the fundamental protocol functions, including rebalancing, recapitalization, and reweighting, thereby ensuring uninterrupted performance.
Phuture (PHTR) Coin Circulation: Understanding the Total Supply
PHTR is the utility token of the Phuture protocol, serving multiple purposes: facilitating governance, distributing user rewards, incentivizing activity, and raising capital.
Holders of PHTR tokens are endowed with voting privileges, empowering them to shape the protocol’s development trajectory and submit proposals for enhancement. By staking PHTR, users are rewarded with ePHTRs, which generate passive income. Furthermore, PHTR tokens play a pivotal role in augmenting the liquidity of indices. Meanwhile, custodians are incentivized with PHTR tokens for their diligent efforts in performing vital tasks that underpin the platform’s operations.
PHTR boasts a total token supply of 100,000,000, strategically allocated as follows: 25% reserved for the team, 53% dedicated to the foundation, 3% assigned to advisors, 18% allocated to the seed sale, and 1% reserved for the public sale.
As of May 2021, no tokens have been publicly released. However, the team has made a notable announcement, revealing plans for an initial DEX offering (IDO) on the Polkastarter platform.
The Phuture Network’s Robust Security Framework: A Comprehensive Overview
PHTR is an ERC-20-compatible token, meticulously crafted on the Ethereum blockchain, ensuring seamless interactions. The Phuture platform’s operational efficacy is guaranteed by the autonomous execution of smart contracts, governing all on-platform activities with precision.
Where to Acquire Phuture (PHTR): A Comprehensive Guide
As of May 2021, PHTR remains unlisted on all cryptocurrency exchanges, awaiting its inaugural trading debut.
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