Topic: What do you think about it? (Read 134 times)

Does any one understand what smart contract toking about?

I think, should a lot of people involved to be like this.

Proceeding for this document, should be so. 

better to be the first i think)) if i put 10 ETH. After roud 10 i will get 5120 ETH?? You kidding me?

There allready Coin and Token named Phoenix. And you not put any link to official website or any twitter account i can check.
So what exactly is this automatic trading bot ?

Introduction


Phoenix operates on the Ethereum blockchain-based computing platform and has a special mathematical algorithm that allows its users to make money in only a couple of days with minimal financial risks at play. Phoenix gives you a unique opportunity to participate in an international financial system that will help you continuously increase your investments once you close your first financial round. But it doesn’t stop there. You will be receiving more regular payments after that. This payments will triple, quadruple, and etc, your upfront investment.



Our Vision

Phoenix is a global tool of the future that aims to change the world of cryptocurrency investments. This tool runs on a self-explanatory financial algorithm that will continuously accumulate your investments for every successfully completed round. But in order for the things to be under control, the founders made sure there are strict regulations that equally apply to all users.

Our mission is to create a tool that will allow users to grow their investments while keeping all possible risks at bay. We aim at bringing transparency to the cryptocurrency investment process through Ethereum smart-contract technology.

We truly believe that by using an unchangeable piece of code (e.g. Ethereum smart contracts) that runs on its own, we can not only decrease any potential risks, but to also activate a unique financial algorithm that will make it possible for anyone to accumulate profit on a daily basis with minimal efforts. We also strive to create an equal trading process among all participants and to remove any additional costs of system maintenance.
What are the pros of Phoenix?
Phoenix creates an exceptional environment that makes it possible to progressively generate profit thanks to constant returns on your investments in a very short period of time.
Let’s take a look at some of the benefits of our product:
A totally comprehensive financial algorithm
 Simplified trade operations
No human factor involved in performing any operation
Fixed conditions
NO hidden fee for any of our participants
Rules apply to all participants equally
Participants receive deposits on a regular basis because more and more people join daily
You can use Phoenix while travelling around the globe
We guarantee you a complete confidentiality
Platform is decentralized
Users have an opportunity to take part in developing Phoenix

As a matter of fact, all investment related risks are reduced to the minimum. The only possible risk you may ever come across with is an incomplete round (if this is the very first round you’re participating in). However, we made sure that if in 90 days the round is still incomplete, you will get your money back. Besides, you have a full control over any round by being able to promote Phoenix, for example, on social media, and invite your friends to join. The more people are in, the higher are the chances for the round to be completed, and for you to receive your money. It’s simple as that.

What’s Ethereum Smart-contracts technology, anyways?
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 Phoenix smart-contract is signed by a user. Nobody else can view or 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. Variables of a formula are the only things that can be updated. The contract is a guardian that protects the security of the messages and payments you send to a smart-contract.

Reasons why you can trust Ethereum smart-contracts:
-     Autonomy. You’re the one making the agreement, there is no need for costly third parties like a broker, a bank, or a notary;
-     Backup. Your documents or transactions are safely coded and stored on every node of the network, so if one goes down you’re covered;
-     Safety. The system is based on cryptography, securing the whole network from a potential hack or backdating;
-     Transparency. Information about any actions made within the scope and under the terms of the existing contract is available in its entirety at any time;
-     Accuracy. Automated contracts are fast, cheap and error free thanks to complete decentralized automation.
The One of a Kind: Phoenix’s Financial Algorithm
Phoenix team designed a unique financial algorithm that allows a user to double his initial deposit as quickly as possible. It also ensures the receipt of all of the future regular payments into his ETH wallet. Did we mention that these payments will triple and quadruple accordingly? Because they will. 
All financial transactions in Phoenix are run by a smart-contract technology that isn’t a rocket science. But you need to understand it to make informed decisions. That’s why the information about previous incoming and outgoing payments is available to anyone who wished to see it. What makes our algorithm so great is a guarantee of a never-ending income. How do we know it is so? Because we see people join us everyday. Once a user decides to become a part of Phoenix’s community and successfully completes his first round, his upfront payment is multiplied and he’s in business! After that he starts to receive regular payments on his Ethereum (ETH) wallet at the end of each financial round. All of his future deposits will be sent to him on a regular basis. And they will be larger than the previous ones.

How Phoenix Skyrockets Your Returns

Phoenix allows for an unlimited growth of your upfront payment that is secured by the smart-contract technology. This technology prevents any third party from interrupting this process – the only participants are a user and a decentralized platform. It is completely up to you how much more profit you will receive. One think we can promise: our well-maintained system of regular payments can keep accumulating your deposit non-stop.   

Understanding the Basics of Phoenix
Ethereum smart-contracts technology keeps the record of all Phoenix transactions simple. Potential and current Phoenix participants can monitor all transactions using MetaMask plugin – a program that allows you to run Ethereum apps in your Google Chrome browser. You can get this plugin at https://metamask.io.
The contract code, its balance and the list of transactions are in the public ledger and anyone can check them. So prior to becoming a member of Phoenix community, a user can evaluate how much in ETH has already been collected, how much is missing to reach the target sum, and how often other people make their deposits.

Phoenix’s financial model allows you to multiple your upfront payments and to have the interest deposited into your ETH wallet after you successfully completion your first round. It also guarantees that all of the following payments your receive will be larger than the previous one.
What sets us apart from our competitors is the fact that after the first round has been completed you will become a unit of the system and will begin to receive ETH into your wallet at the end of each round.

How you can start getting more profit with Phoenix 
Making money with Phoenix is pretty simple and very straightforward. Phoenix allows you to multiply your initial payments an unlimited number of times in a very short period of time. And a round can last as long as one minute, so there’s no need to mark up your calendar.
To help you better understand how things work, let’s take a look at the following example that will show you how the process of making money with Ethereum is automatic. John wants to receive regular payments and decides to take advantage of Phoenix’s offer. John was surprised to discover how transparent Phoenix’s payment system is, and that there are strict rules that keep the system going. He decided to see if he could check the transaction history of all past rounds. In just a few clicks, he was able to review how many rounds have been successfully completed and how frequently payments have been made. 
Here’s how John got started:
Jon transferred 10 ETH to Phoenix during round 1.
After a successful completion of round 2, Phoenix deposited 20 ETH into an Jon’s personal wallet.
After a successful completion of round 3, Phoenix deposited 20 ETH into an Jon’s personal wallet.
After round 4 has been successfully completed, Phoenix deposited 40 ETH into an Jon’s personal wallet.
And so on, and so worth.

Total: John personal wallet has 80 ETH after successfully completing 3 rounds, his investments are 10 ETH. In a matter of three rounds, John’s initial investment grew 8 times!
It only takes a couple of minutes to become a member. Join one of the fastest growing community of like minded individuals and reach your goals with Phoenix! The sooner you join, the quicker you’ll start making your first profit!

Rules to participate in Phoenix

We know we have created a tool can knock your socks off. But we couldn’t just let it be without any rules to control the tool. 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.
How do we calculate your rewards:

1. First, make an investment. Second, complete your first transaction. Third, receive your payments for each of the round you have completed. The very first payment you receive is calculated using the formula P*2.
2. With every following round you successfully complete, the money you will receive will be calculated using P *2^(n-1) - Z formula. The payment will be deposited straight into your personal wallet.

Variables of a formula:
P- Initial investment
n - number of rounds completed since making an investment

Value of variables:
· G- A target sum of the previous round
· W- A sum paid by a contract for the entire period.

A target sum and the duration of a round
A round lasts for as long as the target sum needs to be reached.
Investors can monitor a contract’s balance during any round to see how much more still needs to be deposited, or if new members need to be invited so that the round to be successfully closed.
The target sum for the first round is 100 ETH.
The target sum for every following round is calculated using G*2+W formula
Rounds can last up to 90 days, or until the target sum has been reached to complete a cycle.
If the target sum hasn’t been reached in 90 days, the participants receive their money back.