What is PHOENEX?
PHOENEX is a hybrid-decentralized exchange built for real-time, trustless, highspeed trading experience with integrated blockchain settlement features. Users login using their email address or phone number and added layer of security with deposits and withdrawals done through the blockchain without limit, while a centralized layer enables users to trade at high speeds without waiting for transactions to mine, create multiple orders and cancel orders instantly without gas costs.

PHOENEX Token (PHNEX) is a standard ERC-20 compliant token created through Ethereum Smart Contract. Wallets that support Ethereum such as MyEtherWallet, ImToken, Metamask, Parity, Mist, and Ethereum Wallet can be used to receive, store, and send PHOENEX tokens. The PHOENEX token is not a security token. It is classified as payment or utility tokens which will be used in the PHOENEX Exchange application as exchange fees, withdraw fees, new coin or token listing fees, advertising fees, etc.

TOKEN ECONOMICS

Token Name: Phoenex
Token Symbol: PHNEX
Token Standard: Ethereum ERC-20
Contract Address:
Total Supply: 500,000,000
Decimals: 8
Soft Cap: 500 ETH
Hard Cap: 1000 ETH

Token Distribution:
75% of the tokens is allocated for the Token Sale and will be distributed to the community.
14% of the tokens is allocated for the founders with 6-month lock in period.
5% of the tokens is allocated for bounty and marketing campaigns.
3% of the tokens is allocated for exchange listings.
2% of the tokens is allocated for the developers with 6-month lock in period.
1% of the tokens is allocated for the advisors with 6-month lock in period.


Timeline:
Launch Date: Nov 2018
Token Presale period: Feb 12, 2019 - Mar 15, 2019

Payment Accepted: Ethereum Only
Min/Max Personal Cap: 0.01 ETH / No Limit
Unsold Tokens: To be Burned
WhiteListing: No
Presale or Private Sale: None
Know Your Customer (KYC): None

Funds Allocation:
Product Development: 25%
Costs for building the PHOENEX exchange based on Ethereum blockchain, transaction layer, and user layer including upgrading and maintenance of the system.
Operations: 20%
Costs for recruiting, training, office space, salaries, budget for management, and other miscellaneous expenses.
Marketing & Partnership: 35%
Costs for branding, marketing campaigns, advertisers, and encouraging publishers to write articles about PHOENEX exchange. Also includes costs of partnerships with other cryptocurrency exchanges and establishments.
Business Development: 16%
Costs for developing direct sales teams in key geographic areas and professional associations to grow pool of clients across continents.
Legal: 4%
Costs for establishing a legal organization for the company to support in ongoing operational, marketing, and business development activities, and serve as consultant for potential changes in legislations related to cryptocurrency.

Website: https://www.phoenex.global/
Twitter: https://twitter.com/phoenexgroup
Facebook: https://www.facebook.com/phoenexofficialpage/
BitcoinTalk: https://bitcointalk.org/index.php?topic=5074514
Medium: https://medium.com/@phoenex.exchange/phoenex-exchange-reborn-5ef90b7a1c1
Reddit: https://www.reddit.com/r/PhoenEx

Telegram:
http://t.me/PhoenExOfficialGroup
http://t.me/phoenexofficialnewschannel
http://t.me/PhoenExIndonesia
http://t.me/PhoenExVietnam
http://t.me/PhoenExSouthKorea
http://t.me/PhoenExPhilippines
http://t.me/PhoenExSingapore
http://t.me/PhoenExIndia