PhoenixDAO, a decentralized and open source digital identity-driven platform, has announced the planned launch of Event Marketplace DApp, which will provide a list and market for event tickets before the end of the first quarter of 2021 – both free and paid. This is followed by the recently improved beta version of Phoenix DAO Staking DApp .
Launched in 2020, aims to eliminate cases of whale manipulation with custom-designed DAO. The platform uses a community-based governance approach that allows signal holders to create and vote on proposals for platform-based projects and DApps. PhoenixDAO is powered by native PHNX tokens – it is also used during voting.
As we saw above, PhoenixDAO consists of two main parts – DAO (for control) and DApps (utility) – that give users a say in making decisions through the PHNX token.
At the heart of PhoenixDAO is the DAO or decentralized autonomous organization, which is the network management protocol. According to a statement, the DAO will allow the community to participate in the vote on the above-mentioned proposals and will also share grants from PhoenixDAO for beneficial projects in the ecosystem.
When it launched, the PhoenixDAO team launched a betting campaign in partnership with Ferrum Network, then quickly launched its first flagship dApp 2020 first flagship in Q3 and is expected to launch its second Event Marketplace this quarter. Next up is the schedule for an NFT Marketplace that will arrive later in the year.
Placement on the platform is possible in two ways – either through Spot staking DApp or by providing liquidity on Uniswap. On-site staking DApp allows users to earn up to 20% APY when paying in PHNX. Started in June, users will also be able to a month to earn ETH / PHNX rewards.
The success of the DAO cannot be underestimated as the liquidity and volume of the platform has soared since the anniversary. On Feb. 14, PhoenixDAO broke the 24-hour, all-time high on on Uniswap and other services for $ 950,000, showcasing the network’s capabilities. The Uniswap (PHNX / ETH) liquidity pool set an all-time high of $ 394,700 on Wednesday.
Another fantastic milestone reached today is with owners in excess of 1000 ! & # 128640;
– PhoenixDAO (@phnxdao)
Nevertheless, a wide range of PhoenixDAO partners have opened up in the cryptocurrency ecosystem, from marketers to developers. PhoenixDAO announced in mid-2020 a partnership with , a cryptoportfolio provider, to improve digital identity in their Zero Zero wallet. The Ferrum Network is a decentralized network with a unique value proposition – “instead of focusing on new coins, it can represent coins in other networks”.
The partnership quickly followed marketing alliances with LunaPR and Crypto Daily, preparing to disrupt the management market for DeFi and DAO. The , the global fintech marketing and PR company announced on Wednesday, aims to gather the market and build trust and confidence that the PhoenixDAO system will win the market.
“Branding is essential for any industry,” reads the PhoenixDAO statement. “Without a public image, no organization can survive in this competitive market.”
Following successful testing of the DAO, it is now closer to launch than ever before, once it goes live, it will be the first step towards visiting developers around the world who are building on the PhoenixDAO ecosystem. Later, in 2021, the team will share details about the launch of the dApp store. It will also give users the opportunity to earn a passive income through the bet – expected next month.
Glad to support ! You are really right.
Enjoy the benefits of the bet now with the release of V2 next month! & # 128293;
– PhoenixDAO (@phnxdao)
The PhoenixDAO token, is currently trading at $ 0.088997, up a sudden 220% from last month, and the total stock in circulation is 51,897,138. The total market cap for PHNX tokens is $ 4,778,869, which is 7, It represents a 3% drop in the last 24 hours.
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