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Author Topic: [ANN][PHNX] Phoenix DAO: Digital Identity Reborn!  (Read 119 times)
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May 31, 2020, 04:31:43 AM
Last edit: Today at 07:00:20 AM by PhoenixDAO
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Community Relaunch Hydro Ecosystem as PhoenixDAO to bring True Decentralization
A select number of longstanding Hydro community members have teamed together and would like to announce the creation of PhoenixDAO, a truly open-source and decentralized project built to realise the original ethos of Project Hydro.

Background

The Hydrogen Technology Corporation created Hydro in 2018 as an open-source project and core component of their Molecule Platform. The promised ‘future of the web 3.0’ was very convincing and a huge number of people bought into this concept of community built, open-source protocols, working hand in hand with proprietary fintech technology.

Hydrogen’s initial decentralization plan included an HCDP program paying developers in tokens to build on the Hydro protocols and to create a digital identity-driven dApp Store, with a Decentralized Ambassador program to oversee it. However, a number of factors including Hydrogen’s majority ownership of the supply, legal ramifications in the US, and the core developers leaving the project abruptly created many obstacles in achieving this vision.
When Hydrogen and its core team were no longer building on the project in early 2019, Hydro Labs, a new company formed by community members, began building out products using the Hydro protocols and finishing development of the Hydro dApp Store (under a services agreement deal made with Hydrogen).
Along with community developers, the Hydro Labs team expanded the digital identity-driven Hydro ecosystem and released the first non-custodial mobile wallet app enabling gas-less transactions on Ethereum. However, as the 1 year services agreement with Hydrogen expired, Hydro Labs closed its doors due to market conditions and other limiting factors within the original design of the Hydro ecosystem.

Elsewhere within the community, the Phoenix DAO foundation was launched by Hydro community members to correct the missteps of Hydrogen’s initial attempt at creating a decentralized financial ecosystem. These missteps included community and investor gripes of Hydrogen owning over 60% of the token supply, the lack of a decentralized governance plan, a vague token distribution plan, and no plan in place to prevent core developers from dumping on the market.
Coupled with a very high token supply in a declining crypto market driving the HYDRO token to around five sats, the community felt the need to form a foundation to truly decentralize control of the project they built.
Rising from the Flames — PhoenixDAO

The Phoenix DAO foundation is launching a new token (PHNX) that 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: Phoenix Identity
Powered by ERC-1484, this protocol creates digital identities and allows for dApps, apps, and APIs to be developed on top with an interoperable identity layer.

Token usage:

- Micro-transaction of PHNX for authenticating an action.
 

Identity: Phoenix Authentication
Blockchain based two-factor authentication for consumers and business use cases.

Token usage:

- Organizations requesting a user’s identity information must pay the user in PHNX.
- Allows for dApps to be built on any vertical with an identity layer and enables them to utilize PHNX.


Payments: Phoenix Payments
Smart contracts to facilitate payments without a 3rd party escrow service.

Token usage:

- As currency for payments, loans, interest in PHNX.


Storage: Phoenix Storage
File storage smart contracts built on IPFS.

Token usage:

- Fees for file storage paid in PHNX.


Tokenization: Phoenix Tokenization
Compliant tokenization of any physical or digital asset on-chain using Phoenix Identity and Authentication protocols.

Token usage:

- Enables for dividend payments to security token holders in PHNX.
- Interest payments in PHNX.
- Use legal contracts from Phoenix Storage to be approved.
- On-chain approval from Phoenix Identity for KYC/AML users.


Phoenix dApp Store & Events Marketplace



1. Decentralized hub for digital identity based dApps.

2. Events Marketplace allows event attendees to secure tickets with crypto and verify authenticity of peer to peer ticket transfers via Phoenix Identity protocol.

3. A developer can build an application and submit it to the store from anywhere in the world.

4. These dApp proposals will be accepted and voted on by the Phoenix DAO before being built and added to the store.

5. Growing set of developer tools and resources for devs to have all the tools they need to build their first, second or third dApp.

Phoenix dApp Store Token usage:

- 2% of all dApp store sales will be sent to the DAO smart contracts for use in expanding the ecosystem through dApp development and future initiatives.
- dApp sales will be priced in PHNX. Option to trade any ERC20 for PHNX instantly.
- Owners of dApps can charge users additional fees in PHNX, and 2% of the sales of these transactions go to the DAO smart contracts.
- All DAO funded flagship dApp sales will be used for ecosystem expansion.

Events dApp Token usage:

- Buy, sell, and gift event tickets, which are purchased in PHNX.
- Early access on purchasing tickets can be given to PHNX token holders.
- Expected Product Usage


Phoenix Airdrop

The PHNX token will begin trading on the Bittrex Global exchange on May 28th, 2020. All Hydro token holders are able to receive PHNX tokens at a rate of 1:100 if they complete KYC on Bittrex Global before the launch date. The rate is due to the ~100x less total supply of PHNX tokens vs HYDRO.
Bittrex Global will conduct the airdrop so HYDRO tokens must be on a Bittrex Global wallet on or before May 28th.



Initial Token Distribution



Token totals:

Foundation: 33,000,000
DAO rewards: 16,500,000
DAO fund: 16,500,000
HYDRO holders: 44,000,000
Total Supply: 110,000,000

Phoenix DAO Fund

Self-sustaining governance over the ecosystem.

Tokens allocated: 16,500,000 PHNX

Token usage:

1,000 staked PHNX required for voting rights in the DAO.
10,000 staked PHNX to create a proposal.
Voting to include changes to governance structure, leaders, protocol proposals, marketing proposals, listing proposals, funding/rewarding people for participation within the ecosystem.



1. All spending will be voted on by the DAO and every PHNX spent posted on our running budget page.

2. The Phoenix DAO does not rely on donations; it is self-sustaining through the Phoenix dApp Store.

3. By participating in governance, you can earn PHNX.

4. Open framework for participation, and enables anyone around the globe to push the ecosystem forward.

5. By staking your PHNX into the contracts, you are able to earn rewards.


Staking/Voting Rewards

Tokens allocated: 16,500,000 PHNX

By participating in the Phoenix DAO, you are able to receive a reward in PHNX tokens.

In this chart we show how the tokens will be distributed to participants during this period of time once the DAO is operational. After 24 months, the tokens that have been generated from the dApp Store will be used for future incentivization.



Future Foundation/DAO Initiatives

Tokens allocated: 16,500,000 PHNX

This includes making proposals to the DAO/community about marketing, protocol development, dApp development, donation initiatives, grants, or just looking to support community members or corporations who are actively contributing to the ecosystem.



Phoenix Loans program would give out micro-loans to jumpstart credit in unbanked areas. Loans will be paid back in PHNX tokens with low interest for approved borrowers through their DeFi-ID score. Current PHNX wallet holders may also stake tokens into this program.
These initiatives will also be used to keep the foundation funded past full token distribution.

Current HYDRO Token Holders

Tokens allocated: 44,000,000 PHNX

All HYDRO wallet owners who complete KYC on Bittrex Global will be eligible to receive the airdrop of 1 PHNX per 100 HYDRO tokens credited by Bittrex Global to HYDRO wallets on the exchange.
All tokens that are not collected will be sent to the foundation for ecosystem development and future initiatives.

Protocol and Phoenix dApp Store Development:

Tokens Allocated: 33,000,000 PHNX

This involves expanding on the current Phoenix protocols to improve contracts relating to authentication, identity, storage, tokenization, and payments.
Developers will be on-boarded to create various dApps needed by decentralized services.
Five flagship dApps voted on by Foundation Founders to replace current centralized apps; such as the Events dApp created to replace Ticketmaster. The foundation/DAO will use funds from these dApps to continue operations into the future. The foundation/DAO will also take a 2% fee on all dApp sales through a smart contract which is developed, as outlined in the white paper.
Future dApp proposals will be accepted and voted on by the Phoenix DAO before being added to the list.
Partnerships will be set up with blockchain developer training groups and blockchain initiatives all around the world to expand the developer ecosystem.
There will be an option on the dApp Store to convert any ERC-20 into PHNX for use on the dApp store (Uniswap/Totle).


Foundation Funds Breakdown

Foundation funds will be secured in multisig wallets and smart contracts to release tokens on a staggered schedule to prevent market saturation.

Total allocated: 33,000,000
Product Development and Partnerships: 16,500,000
Foundation Development Funds: 16,500,000
Foundation Core Team: 5,000,000
Immediate Release: 3,833,333
Released after 6 months: 3,833,333
Released after 12 months: 3,833,333

Foundation Core team:
5 total core team members:
- Global Communications Director
- Global Blockchain Director
- Global Marketing Director
- Global Partnerships Director
- Global Initiative Director

1,000,000 tokens locked in a smart contract for each core team member, of which 350,000 tokens are released initially, and then subsequent bi-monthly payments of 72,222.22, there are strict guidelines in place signed by all team members on selling of any tokens. Foundation core team can vote to remove/replace or adjust token allotment of any other team member with a majority vote.

The community can also vote in new leadership with a 60% majority vote.


Conclusion:

Over the past two years the community has been building and developing a robust blockchain ecosystem that has never been given the opportunity to reach its full potential. The creation of the Phoenix DAO finally removes the shackles and gives the world the chance to freely develop and build on the project on their own terms.
PhoenixDAO is a truly decentralized, open-source project that covers identity, payments, tokenization, authentication, and storage, alongside a dApp Store which sits at the heart of the Phoenix ecosystem. A core part of the PhoenixDAO strategy is to actively on-board both individual developers and enterprise level corporations to build using the protocols to power their products. This will enhance decentralization, token utility and the overall ecosystem.
Ecosystem builders and the community will find benefits across the board from this fork as we launch with a true sense of decentralization and community control backed by an extremely passionate, talented team and solid network of partnerships.

Exchanges:

Bittrex: https://global.bittrex.com/Market/Index?MarketName=BTC-PHNX

Token Address: 0x38A2fDc11f526Ddd5a607C1F251C065f40fBF2f7

White Paper: https://github.com/PhoenixDAO/PhoenixDAO-docs/blob/master/PhoenixDAO_White_Paper_V1.1%20.pdf.pdf

Please join us:

Telegram: https://t.me/PHNXDAO
Twitter: https://twitter.com/phnxdao
Facebook: https://www.facebook.com/Phoenix-DAO-110119317367230
Reddit: https://www.reddit.com/r/PhoenixProtocol/
Instagram: https://www.instagram.com/phoenixdao_/
Medium: https://medium.com/@PhoenixDAO
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May 31, 2020, 04:46:29 AM
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PhoenixDAO reaches professional agreement with Numio

We are pleased to announce that PhoenixDAO has now entered into a professional agreement with Numio!

The agreement covers three main aspects.

First it will see Numio adding the PHNX token to their apps, not just as a payment option but to add utility to the PHNX token. These are:

- Fee reductions on Pay when using PHNX for both Point Of Sale (PoS) transactions and Peer to Peer (P2P) payments
- Trading fee reductions on Vault when using PHNX
- VaultPRO subscription discounts for paying in PHNX
- PHNX staking





The second aspect covers integration of both Numio Pay and Numio Vault open APIs into the DAO software structure. Numio Pay will be used for blockchain based 2FA sign-ins into the DAO software as well as identity verifications for voting. Numio has granted a license to PhoenixDAO to white label Numio Vault for adding multi-sig technology to secure the DAO funds and DAO rewards.

The third part of the agreement will see the Numio team providing comprehensive consulting assistance to the Phoenix team as we build out our extensive ecosystem. The experience of the Numio team in working as a decentralized unit, and developing protocols, dApps and dApp Stores, will be a huge benefit as Phoenix moves towards launching the DAO.

About Numio

Numio are a technology company who create simple but powerful identity linked blockchain payments apps and cryptocurrency asset storage solutions.

To find more about Numio:
Website: https://Numio.one
Twitter: https://twitter.com/GetNumio
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May 31, 2020, 05:19:14 AM
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First Look: Building the DAO

Building the DAO

The first item on the PhoenixDAO 2020 road-map is the development of the DAO user interface. This will be the dashboard where PHNX holders can login to view and interact with anything and everything in the DAO ecosystem including:

- Reading about proposals on development or marketing
- Participating in voting on proposals
- Viewing PHNX token transaction history of the DAO and the foundation
- Tracking progress of active projects
- Verifying voting results
- Checking user DAO rewards gained from participation

The mock up designs for this DAO application have been completed and we wanted to share a quick walk-thru of it’s features as front-end react development starts to get underway this week.

Proposals



On this screen users will be able to view all community proposals. Clicking on a proposal will open up that proposal for community members to read the full proposal. Members can also submit a proposal from this screen. Application questions will follow and answers will be read by the community after submission to determine if they will bring it to a vote.



Members can up-vote proposals if they want the proposal to be assigned a voting date. A minimum number of up-votes will be required to pass a proposal on to the voting stage.

Votes



Community members will be able to see proposals here which are active for votes on voting day. Future voting dates for proposals will also be listed here, as well as past votes.

Active Projects



Members will be able to track the progress of current active projects which the community voted for here. Clicking on a project will allow members to view current milestone progress with notes and screen shots of the code and/or design build in process.



Rewards



In this tab the DAO community will be able to view the rewards they have gained for participation in each vote or other community campaigns to reward participation.
Rewards will be distributed over a 24 month period with most of the rewards given out in the first 12 months.



Timeline

As you can see designs for the DAO interface have been completed and community developers are currently moving into front-end and back-end development, as well as smart contract creation to power this software.

Track the progress of the build on our github: https://github.com/PhoenixDAO/dao-dashboard

Or join the growing developer community and sign up to take part in the Phoenix DAO build and future dApp builds, including the Phoenix dApp Store here:
https://forms.gle/w1LtP2RZShTsB89j8
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May 31, 2020, 12:53:53 PM
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Phoenix Airdrop

The PHNX token will begin trading on the Bittrex Global exchange on May 28th, 2020. All Hydro token holders are able to receive PHNX tokens at a rate of 1:100 if they complete KYC on Bittrex Global before the launch date. The rate is due to the ~100x less total supply of PHNX tokens vs HYDRO.
Bittrex Global will conduct the airdrop so HYDRO tokens must be on a Bittrex Global wallet on or before May 28th.


so, if i buy hydro now,, i didn't qualifies to receieve the phoenix airdrop ?
as you said above HYDRO "tokens must be on a Bittrex Global wallet on or before May 28th"

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May 31, 2020, 01:16:18 PM
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Phoenix Airdrop

The PHNX token will begin trading on the Bittrex Global exchange on May 28th, 2020. All Hydro token holders are able to receive PHNX tokens at a rate of 1:100 if they complete KYC on Bittrex Global before the launch date. The rate is due to the ~100x less total supply of PHNX tokens vs HYDRO.
Bittrex Global will conduct the airdrop so HYDRO tokens must be on a Bittrex Global wallet on or before May 28th.


so, if i buy hydro now,, i didn't qualifies to receieve the phoenix airdrop ?
as you said above HYDRO "tokens must be on a Bittrex Global wallet on or before May 28th"

Hi @krisnajsadrak. The PHNX airdrop has been completed. Bittrex distributed PHNX tokens to all HYDRO holders who qualified for the airdrop on the 28th of May. 22 million PHNX out of the planned 44 million tokens were airdropped. The Phoenix team are currently strategising ways for unclaimed PHNX to reach the hands of our community. These may include; promos, earning rewards or other initiatives. Be sure to follow PhoenixDao on twitter for more updates! https://twitter.com/phnxdao Smiley
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June 01, 2020, 02:21:12 PM
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We're Growing! PhoenixDAO: 'Country Ambassadors'



We’re extremely excited to be sharing the news that we are growing! The PhoenixDAO ‘Country Ambassador’ positions have started being filled and we are excited to see how the team continues to grow!

As you know over the last several months we have been building the ‘PhoenixDAO’ project, every decision made has been carefully considered to factor in a number of imperatives including sustainability, success, transparency, and the importantly the community.
A high priority has been putting the infrastructure in place to ensure PhoenixDAO quickly becomes an exciting and well-established project within the crypto/blockchain space.

The core team began work quite early on in setting out the Country Ambassador roles and began reaching out to potential candidates pre-launch, this meant that we are now very early on in a position to be growing the team.

Reaching our decision

The core team all had their own ideas on what these roles should entail but after long discussions and market research we came to a joint decision. For full transparency one of the most difficult areas that has been carefully discussed is payments. Whilst the role itself carries a lot of similarities per country it was debated as to whether the roles within each country should carry a fixed PHNX payment or we should we look to vary the payment amount per country.

After careful market research we concluded that the role payment would vary per country, whilst not exhaustive a number of factors in coming to this conclusion included, cost of living, comparisons of similar roles within each country and our expectations on how the PHNX token will perform over the coming months/years. If you feel like any of the decisions being made at this stage are not the best move for the project, please bear in mind that once the DAO is fully functioning it will be the communities responsibility to decide roles such as the country ambassadors and what these roles entail can be part of that.

The best part is that we have successfully on-boarded five-country ambassadors covering the following continents; Asia, Europe, Australia, Africa. You will begin to see them appearing within the community and PhoenixDAO publications over the coming weeks/months.

If you would like to apply to be a PHNX Country Ambassador then fill out this form — https://forms.gle/dFCEVZ9xcKixT2rf9
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