Phore (PHR) is a digital currency that focuses on privacy protection. It was upgraded and renamed by KryptKoin (KTK). KryptKoin (KTK) released a preview in May 2014 and began issuing coins from May 21, 2014.

Project advantages and disadvantages

Project advantages: The project ecosystem is gradually being built, and the e-commerce beta version has been launched. The strong user base and private transaction functions provide an imaginative foundation for the project's future, and there is a huge room for development after the project is officially launched.
Project disadvantages: The large number of users of e-commerce platforms are fiat currency users, and the entry threshold is high, but if Phore opens the fiat currency entrance, the fiat currency + private transaction model has a greater compliance risk.

Application Scenarios

Phore Blockchain is intended to provide a platform to promote decentralized trade, to be free to use and to be sustainable in nature. Compared to building many applications and entrepreneurial projects on the platform and then forming the main blockchain, our vision is even more grand. Oak is a good concept model: Phore Blockchain is based on reliable technology, which is our legacy and the root of our platform; the self-governance system implemented by an independent master node network constitutes our tree trunk and provides stability; various ground-based or conceived projects built on our platform constitute the canopy. Therefore, Phore Blockchain covers all aspects of the ecosystem, and Phore Coin (PHR) is just one of the branches of the big tree of Phore Blockchain.

Phore Blockchain will have a variety of functions, including but not limited to the following:
•atomic swaps and side chains, •Fast, scalable, secure and reliable transactions,
•You can choose to trade privately or publicly, •The income from participating in the Phore Blockchain network is similar to the payment of interest,
•Decentralized mall,
•A advanced and flexible smart contract platform for building decentralized applications (dAPPs) can be used for private transactions, implementing a new business model that is decentralized and privacy-protecting, giving you full control of your funds and personal information,
•Initial token issuance on the Phore Blockchain platform,
•crowdfunding activities,
•Create custom blockchain and services, •Continuously expand and improve the Phore protocol and the entire Phore Blockchain,
• is within reach and easy to use.

Business Model

The ultimate purpose of Phore coins (i.e. PHR) is that users can use PHR to buy and sell goods on the e-commerce platform developed by Phore, and give buyers the right to privately process the transactions. The funds raised by PHR will help and develop a series of applications and commercial projects within the Phore Blockchain ecosystem.

Phore Blockchain will provide a robust, secure, private and fully decentralized network, which includes a decentralized application ecosystem that protects privacy and a mall that provides realistic applications to achieve private trade and new business models that protect privacy.

Staking Method

There is no hard and strict regulations on the number of tokens involved in staking, depending on the total number of coins invested on the Phore blockchain. The minimum amount of staking is 1 PHR, but the possibility of getting a reward is very small. The more PHRs you participate in staking, the greater your chances of getting rewards.

Staking can start three hours after purchasing PHR, and the wallet must also be turned on and enabled. According to an address, the average daily return of 5000 PHR is 0.71 PHR. The annualized rate of return for coin holders is 5.215%. Based on the fact that the wallet is open 24/7, the first staking earnings may be returned to investors within 10 hours or may take 24 hours, with no strict regulations on the date of income distribution. Compared with other staking projects, it is not difficult for Phore to become a master node. Among all master nodes, the lowest number of nodes holding coins is 10697PHR.