PhoenixDefi Coin Review : Is It Good Or Bad Coin Read Our Article

About PhoenixDefi Coin

PhoenixDefi is an incredibly promising project, goal achieving success on the Binance Smart Chain. aim is to maximize your investment with yield farming mechanism that provides sustainable and profitable yields combined with transparent security features. Phoenix DeFi Finance was created with the sole purpose of maximizing investment in a secure and sustainable ecosystem.

Built on Binance Smart Chain(BSC) and the concept of decentralized finance, users will have the opportunity to generate profit while holding the Phoenix Token (PNIX). All wallets holding PHOENIX DEFI FINANCE tokens automatically and permanently take part in the earning process. Simply put, interest rate will accumulate overtime with every duration, offering a whole new experience in savings and investment.

PhoenixDefi Coin Basic Point Table

What is PNIX token?

PNIX token is a next-generation reflective deflationary protocol built on Binance Smart Chain. It’s native reflect token PNIX is capable of gasless instant yield generation. This means that holders can generate yield just by holding the token in their wallet, without any further action required.

Current Problem

Over the past few months, decentralized finance has grown tremendously in the blockchain industry. Creating a whole new experience in Fintech. The trend gave rise to companies offering various financial products such as lending, staking, savings etc. However, there is still need for a robust means of investment. Results from deadcoins.com catalog, record a significant number of dead projects over a short period of time. 2017 marked the beginning of these dead projects, with a higher percentage falling under the investment and savings niche. The proliferation of which culminated in the loss of interest in the investment segment

Ecosystem

The investment and savings niche is usually affected by the volatility of the market, hence the need for Phoenix DeFi Finance to utilize the token burn system. A token burn is a strategy that many cryptocurrency projects use to influence the price of their token. The Phoenix ecosystem will burn 1% of their token distribution while applying a burn fee that will be controlled and adjusted to control the price. These measures will help create a stable ecosystem, financially viable, that will meet the demand of users

High Yield Farming

The era of DeFi gave rise to various financial ideas. One of such is yield farming, a new way of earning rewards through the use of cryptocurrency. This is made possible through the use of permissionless liquidy protocols. It allows crypto enthusiasts to earn passive income in a decentralized economy. Phoenix DeFi Finance will provide its users with high return yield farming in a way that will generate rewards with cryptocurrency holdings. The robust cross-chain interoperability offered by BSC will enable Phoenix DeFi Finance to run on other blockchains that support smart contract capabilities.

RoadMap

Where Can You Buy PhoenixDefi?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2), As It Has The Highest WBNB/WAIFU. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include WBNB/WAIFU And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

FAQ Of PhoenixDefi Coin