Get the PHNX Token and Safely Secure it on Numio

What is PHNX?

PHNX is the token of the Phoenix Decentralized Autonomous Organization (DAO). The Phoenix token promotes itself as “digital identity reborn”. In practice, it’s a suite of protocols that help users interact with blockchain through a linked identity that allows them to transact with various parts of the crypto landscape. Whether that be DeFi, NFTs, or other smart contracts that a user is engaged in.

By having a linked identity, users can easily authenticate themselves on dApps, apps and APIs with a minimum of fuss and maximum of security using the Phoenix Identity, and thus allowing transactions and smart contracts to be executed and verified in a simple manner. By using a blockchain based 2-factor authentication protocol, users can securely access all their DeFi app logins.

PhoenixDAO’s flagship dApp is an Event marketplace built on Ethereum sidechain, Polygon. This powerful events platform allows users to create listings as well as purchase, sell and exchange NFT based event tickets.

How Does PHNX Work?

Your Phoenix Identity also allows you to participate in the Phoenix DAO with a one identity-one vote system that makes all voices heard and verifiable by the protocol. Having users interact this way allows for self-sustaining governance of the DAO. Furthermore, PHNX can be staked within the protocol to earn up to 20% APR – a significant reward for helping to direct governance and backing this exciting new ecosystem.

The Phoenix DAO runs on Ethereum. Once funds are committed to the smart contract, the user agrees to the rules set forth within it. The code is publicly available and reviewable on the blockchain and changes to it are processed through voting done in the DAO. This is a community driven project, and the emphasis is on participants directing future movement of the protocol.

Is PHNX Hard to Get?

If you are new to the world of digital assets then getting cryptocurrencies can be a confusing prospect. It may be a bit simpler with the top two Bitcoin or Ethereum, but what about that lesser known Ethereum token, such as PHNX, that you have heard so much about?

Numio is a great choice for PHNX. With Numio you can send and receive your stored PHNX instantly and at the touch of a button. If you want to try something a bit more advanced you can use Numio to trade and swap PHNX.

How can I get PHNX?

Getting PHNX is easy on Numio. You can use your credit or debit card to purchase ETH or USDC, which can then be exchanged for PHNX*, you can swap or trade it for other ERC-20 tokens (up to 100x cheaper than other wallets), and you can send or receive it as a payment. Whatever way you choose you can be sure that you are always in full control of your PHNX.

*direct PHNX purchases coming soon.

How Does Numio Work?

Numio does this through its use of zkRollups. zkRollups are a scaling solution for Ethereum that work by processing transactions off-chain before sending it to the main Ethereum network for validation. By giving breadcrumbs to the Ethereum main chain, it allows the transaction of tokens at rates that are a lot more palatable to the average user, and at the speed and transactional cost that those users would expect.

It means that users can hold a whole swathe of various ERC-20 tokens and transact and pay with them freely without groaning under the weight of the fees that the Ethereum network demands. It opens up the possibility to transact in ERC-20 tokens as if they were standard currencies and use them the same way. Using zkRollups, transactions are 100th of the price that they would be otherwise, and Numio’s superb integration means they execute as quickly as you would hope for – and far quicker than standard ERC-20 transactions would.

As an ETH wallet, and the first payment solution to use zkRollups, Numio is the best way to control your ERC-20 assets and invest, pay and profit from them. PHNX’s suite of digital identity protocols promise to bring security and community governance to DeFi dApp engagement, and Numio is a great way to get involved in this newly launched burgeoning community before the token hits the main exchanges and the wider crypto marketplace takes note.