PHOENIX FAQ
- How to start and join Phoenix community?
Phoenix has a lot of potential to impress you. But it won’t be possible for Phoenix to exist without any rules to control the system. A participant can make a deposit to the Ethereum smart contract at any time, and by doing so he becomes a part of a system. Ethereum smart contract has no fees or additional charges except for the miner's network comission.
- What is minimum sum of feeding?
There is no limitation from Phoenix algorithm side, you can join with any minimum amount of ETH. But remember, the more you feed Phoenix the more Phoenix feeds you!
Feeding is transferring ETH to Phoenix and joining Phoenix community.
Round is almost like checkpoint, each round has its own target and as soon as target reached round closes and next round begins. You can see full statistics on dashboard or in smart contract details. It is absolutely transparent.
- How I can calculate my gain?
Feel free to use our Phoenix calculator.
- How long does it take for a round to close?
A round lasts for as long as the target sum needs to be reached.
- What happens if round is not closed?
If the first round you’re participating in is still incomplete in 365 days, your funds will be send back to you. In case of an incomplete round that follows the round when you made your upfront payment. The payment is lost because Phoenix doesn’t advance to the next level and has no way of making a payment.
- Can I use Bitcoins or other Cryptocurrency?
No, Phoenix community use Ethereum smart contract and it is based on Ethereum blockchain.
Ethereum smart contracts consist of a code that doesn’t depend on anything and is used in Phoenix to connect participants of the platform. A user automatically agrees with Phoenix smart contract rules after completing his rst payment. A smart contract is publicly available, however it doesn’t reveal any personal information about any of the participants of the contract. Also, nobody can change this contract. Again, the contract is set in stone. After a contract enters into a Ethereum blockchain, it begins existing on its own. Rules and regulations of this contract cannot be changed, either. The smart contract is a guardian that protects the security of the messages and payments you send as a member of Phoenix.
To join Phoenix community, you will need to install MetaMask, a digital wallet. You will need to put money in it to make your first transfer. Note: A digital wallet like MetaMask acts like a bank account—treat it with respect and make sure you don’t forget your password or the seed words. You can read more on this site
https://metamask.ioNo, this is not a scam! Phoenix operates on the Ethereum blockchain-based computing platform and has a special mathematical algorithm that insures safety and prevent any cheating or manipulating with code.
- Can I join Phoenix without using MetaMask?
Sure! You can use any Ethereum wallet and send your ETH directly to Phoenix contract address.Then you can monitor state of contract via
https://myetherwallet.com "Contract" tab.