Combining the traditional market and the world of crypto
Cryptocurrency investing has exploded throughout the latest year and is expected to keep rising according to experts. But at the moment, almost every crypto-related company focuses solely on cryptocurrencies. PHItoken is going to change this, they are creating a platform on which not only cryptocurrencies can be exchanged, but also regular financial assets such as stocks can be traded. The asset management sector is growing several percents on a yearly basis around the globe as interest rates are plummeting. Although that generally is a negative thing for the financial system, it is a great opportunity for a platform like PHItoken which is offering all kinds of digital assets. By utilizing blockchain technology, PHItoken is aiming to create a more transparent and secure environment for its users.
Integrating the PHI token
The PHItoken platform will be using their own ERC20 token, PHI, to execute a variety of tasks. Users will, for example, use the PHI to stake utilize the asset manager and financial planner. To further increase the usage of the PHI token, users will get a 30% cashback when using the PHI token as payment. In an effort to potentially increase the value of PHI tokens in the future, the team is creating a buyback system which uses 15% of profits from platform fees and 50% of tax refund amount to buy PHI tokens from exchanges and then burns them. This creates a continuous deflation of the total supply of PHI tokens.
Source: PHItoken Whitepaper
To fund their project, PHItoken is raising funds through an initial coin offering (ICO), selling their ERC20 token PHI. This token is going to have different uses on the PHI platform.
The pre-sale started the 3rd of March
The token sale ends the 21st of March
1 PHI = 1.61 USD (Bonuses apply to different phases)
- Total amount of tokens issued is 24.157.817 PHI
- A maximum 14.930.352 PHI will be available for purchase during the token sale
- Soft cap is 1.000.000 US dollars
The team behind PHItoken has 16 years of experience in financial management. Their company has already handled over 400 million dollars in assets since its creation.
To learn more about each team member or their advisors, you can visit their website: https://www.phitoken.io/ or read their whitepaper.
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
My bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1855321;sa=summary
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