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Cryptocurrencies: 23225
Exchanges: 112
Market Cap: $$2.88T
24h Vol: $72.67B
Dominance: BTC: 64.6% ETH: 7.4%
ETH Gas: 29 Gwei
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The main idea behind PhoenixChain is to provide a decentralized financial network that runs on Binance Smart Chain (BEP-20) and whose path forward is determined by market volatility. PCN Token is a hyper-deflationary token with a maximum circulating supply of 1T on the Binance Smart Chain, 6% of the transaction tax is allocated to the BNB mining pool, and 4% is used as liquidity, which is essentially a holding Participants collect more BNB every day as transactions occur. As the circulating supply decreases, the scarcity of tokens increases, and this inverse relationship forms the supply and demand model.