What is PhoenixDAO (PHNX)

Start learning about what is PhoenixDAO through guides, tokenomics, trading information, and more.
The Phoenix DAO foundation is launching a new token (PHNX) that is forked from an existing open-source community driven project, Hydro Blockchain (formally known as Project Hydro). Phoenix DAO solves the centralized issues at the core of the original Hydro project with a community built DAO, a healthier token distribution plan with built-in smart contracts, added use cases, and an updated token supply. The PHNX ecosystem includes the following protocols; Authentication, Identity, Payments, Storage, Tokenization which will be the backbone of the ecosystem fuelling the dApp Store and an Events Marketplace
Tokenomics describes the economic model of PhoenixDAO (PHNX), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behavior.
PhoenixDAO TokenomicsPro Tip: Understanding PHNX's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.
Building on tokenomics and past performance, price predictions for PHNX aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of PHNX? Check it out now!
PhoenixDAO Price PredictionThe information on this page regarding PhoenixDAO (PHNX) is for informational purposes only and does not constitute financial, investment, or trading advice. MEXC makes no guarantees as to the accuracy, completeness, or reliability of the content provided. Cryptocurrency trading carries significant risks, including market volatility and potential loss of capital. You should conduct independent research, assess your financial situation, and consult a licensed advisor before making any investment decisions. MEXC is not liable for any losses or damages arising from reliance on this information.
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