Bringing even more to the Numio solutions!



Hello community, 




As outlined in the latest update from Numio here, PhoenixDAO have been working closely to implement the most advantageous use cases and utilities technically achievable at this stage and we’re all extremely excited (these implementations carry lots of considerations, something that might seem like an obvious isn’t achievable once you start to work out the detail) as these are now locked down ready for launch!




A key area in which PhoenixDAO is going above and beyond is on the 10% buy back & stake implementation. This sees Numio buying $PHNX from the secondary markets and staking those $PHNX for a full 365 days which is exciting for a number of reasons;




- Increasing buy volume on the markets


- Taking tokens out of circulation




As part of this same model, Numio will be donating their 20% staking reward to the PHNX community pool in order to support the long-term sustainability of PhoenixDAO. In addition PhoenixDAO have decided to contribute to this donation (finer details to be shared at a later date) in hope to increase the pool size and at a much quicker rate. PhoenixDAO will then periodically (finer details to be shared at a later date) using the DAO allow the community to vote on what happens to the tokens locked in this pool. This might range from promotion rewards, community distribution, burn, we want to give the power to you. We will see benefits vary depending on the outcome of each vote however, to list just some;




- Distribution of foundation tokens (key to decentralization).


- Decreasing total circulating supply.


- Token rewards for our community.


- Incentive to increase the DAO user base.




Can’t wait for everyone to finally be able to get their hands on the Numio solutions!




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COMMENT

6

Basirullah Khan
26 Nov

As outlined in the latest update from Numio here, PhoenixDAO have been working closely to implement the most advantageous use cases 

5

PhoenixDAO - PHNX
04 Dec

That is our official medium channel with our content?

6

Basirullah Khan
28 Dec

Dotun Awosika broth any problum to me 

1

Kingsley Joel
4d

is called plagiarism

2

Precious Nwosu
29 Nov

Okay, it looks like phoenixDAO  got let's of intriguing offers its given away. I'm just new to it, I haven't heard about this platform before.

30

preview not available Dotun Awosika
27 Nov

Please avoid making low-quality comments.

4

ARALOYIN JOSHUA
06 Dec

This is Amazing, That means I will be getting PHNx Coin soon...I  love it

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