The Phoenix

Phoenix community capital functions for its traders by leveraging joint trading capital, which gives them access to trading options that are unavailable to average traders. The platform seeks to enlist experienced and trusted trading advisors who look for novel opportunities and trends for the community trading portfolio. 

According to the whitepaper, the community of Phoenix empowers experienced cryptocurrency traders as well as new ones by offering access to a varied portfolio of off-chain and on-chain trading services and products. The platform aims to focus on determining and eliminating the confusion and guesswork for community members and traders in the ever-changing landscape of cryptocurrency trading. Phoenix Community Capital has the vision to offer a solid base for every community member to benefit from contributing to an array of decentralized finance (DeFi) trading, liquidity pools, conventional crypto trading, real-world asset trading, and project incubators. The primary trading project of Phoenix Community Capital has been designed around a trading position known as a Nest. Nests are a kind of tool that enables traders to produce FIRE token rewards. 

Phoenix Community Capital is the pre-deployed Certik-audited unit comprising a completely doxed team of leaders. The community members of Phoenix Community Capital are entitled to voting rights in the organization to remain integrally associated with all the significant events and maintain strong communication lines. 

The native token of Phoenix Community Capital is FIRE, which functions on the Avalanche (AVAX) Network. The Avalanche network is an open and programmable smart contract forum for decentralized applications (dApp).

The FIRE token has been designed to produce high-yield rewards. The token utilizes a simple mechanism to reallocate the yield while backing the project’s growth. Users need 10 FIRE tokens for creating a Phoenix Nest. Once the Nest is built, rewards get generated. Out of 10 FIRE tokens, seven are moved to the reward pool, one FIRE token gets added up to the liquidity pool, and two of the tokens are moved to the treasury wallet. 

The cofounders of the Phoenix are Luke Sullivan and Eric Marshall. Eric has more than 15 years of experience and has worked as a senior solutions architect in various organizations. Luke is an expert in NFT and blockchain technology, having numerous years of experience in the same sector. 

The total supply of FIRE tokens is one million.