Presenting the PhoenixDAO staking Flagship dApp — PHNX Spot Staking!
Proud to introduce the first of many PhoenixDAO Flagship dApps.
Hello Community,
As promised we’re thrilled to share with you details of our latest Flagship product. In this article we cover off our launch road-map from testing to main-net launch and you’ll be pleased to see that all of this is happening in a relatively short period of time.
Not only does this dApp allow you — our users the chance to earn immediate interest on staked PHNX but also it plays a much bigger part in the overall PhoenixDAO ecosystem. The Spot Staking functionality will be utilised throughout various products we will be launching.
Numio are already working with us to bring wider use cases so watch this space!
The Platform and its Features‘Keep it simple’ — a quote we say to ourselves constantly.
The team have worked extremely hard with our strategic partners at Crevatal to ensure we excel in user experience, keeping flow as streamlined and simple as possible, excellent UI development plays a big part in this.
Hopefully you’ll all agree the staking dApp ticks this box!
Dashboard — Ability to view at a glance your active and historical staking.
Numio Wallet/MetaMask integration — MetaMask is to be the primary supported wallet for launch however, as we move closer to seeing one of our strategic partners launch their PHNX powered products we also integrated their wallet.
Staking options — Ability to select the amount of days in which you wish to stake and the amount PHNX before agreeing to the terms.
Instant rewards — Once terms have been agreed and the transaction processed your PHNX reward will be paid immediately into your connected wallet.
Unstake / Burn — To accommodate the scenario where a user may require an early withdrawal before the contract ends we have built in an early withdrawal feature. This includes a PHNX burn %, a small fee in PHNX will be taken from the users staked PHNX and burnt.
The LaunchBeta Launch — Road-mapAs with all state-of-the-art technology, it is paramount to ensure the UI/UX and back end code is flawless, full internal testing has been managed by the PhoenixDAO team however, we will be opening up a rolling beta test phase.
The Beta testing is invitation only so be sure to put your names down — Apply for early access to join the beta testing here:
https://docs.google.com/forms/d/e/1FAIpQLSfrwYCw5C-RTo1K8Hff1wE0i_KxOG9CfHKyZdctSzopzbaXfw/alreadyrespondedTest-Net Beta TestingPhase commences 10-August-2020.
Our developers will be coordinating with the testers in a telegram “Beta-Testing” channel and we will be solving their queries in run time.
The reward rate will match the main-net testing launch, this is initially 25% APR.
This phase will come to an end after 3 weeks of testing and fixing (in case any bugs arise) — 29-August-2020
Main-Net Beta TestingPhase commences 31-August-2020.
We will be coordinating with the testers in our telegram “Beta-Testing” channel and we will be solving their queries in run time. We will also consider any and all constructive feedback from the community, hoping to incorporate any enhancements for launch.
Beta testers will get the opportunity to get the high reward during this testing period — that will be 25% APR at the start.
This phase will come to an end after 3 weeks of testing and fixing (in case any bugs arise) — 19-September-2020
Main-Net Public LaunchWe are aiming to launching the dApp to the public on 21-September-2020.
Once the dApp is released to the public, we will decrease the rewards percentage from early access rate of 25% to circa 10% APR to accommodate the masses.
RewardsOur staking platform is unique in that we are facilitating spot rewards, this solution allows users to stake for an instant payout of PHNX tokens based on quantity and duration.
Early access — 25% APR
Full launch — 10% APR
STAKE PHNX = IMMEDIATELY RECEIVE YOUR PHNX REWARD — ONCE STAKE PERIOD ENDS PHNX CAN BE WITHDRAWN.dApp EvolutionA key part of our strategy is growth and with this in mind we have developed the dApp in such a way to accommodate scalability into new assets.
Being able to offer the PHNX Spot Staking platform to other projects in the space is going to be hugely advantageous to PHNX, third party projects and most importantly our users!.
