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Nowadays cryptocurrency investors are faced a certain choice: to invest in one of the popular cryptocurrencies or to choose tokens of a new ICO project with a future prospect. In the first case, the investor will choose the line of least resistance, because this cryptocurrency is well-known, and the risk consists only in quite considerable cost and high volatility of its course. In the second case, it is necessary to understand all subtleties of ICO at an early stage when tokens of the project are on sale at a reduced price or comes with some certain bonuses. Crypto-investors have to find not just a project with the idea, but the project with a real product and a provided token. So if they managed to find such project, with its tokens it is possible to earn much more, than on the exchange rate of the widespread cryptocurrency.
The number of the projects coming on ICO grows every day. At the same time, when the person invests in different ICOs, it is long-term investment with a set of the potential risks which aren’t giving in to control as potential income can be gained only in the future, after the project release to the exchanges with its token. Considering the growing popularity of cryptocurrencies and investments in ICO projects, as well as existence of the risks accompanying them, founders of the Phoenix project have decided to create such mathematical algorithm which will allow to minimize all possible crypto-investment risks due to blockchain technology and the Ethereum smart contract usage.
What is Phoenix?
Phoenix is the autonomous decentralized organization (DAO) founded on blockchain technology ensuring transparency and safety of all processes happening within its framework. It becomes possible because processing of all financial transactions in the Phoenix system is carried out with use of the Ethereum virtual machine which represents the global decentralized computer storing information on all system transactions.
The Phoenix system is based on a specially developed mathematical algorithm by means of which users are able to increase the amount of their financial assets in a short term. At the same time, the algorithm allows to minimize the accompanying financial risks. It is carried out with the use of an unchangeable fragment of a code of the Ethereum smart contract which activates this financial algorithm and works itself and also allows to reduce any potential risks.
How does the Phoenix system work?
The process of investment and charge of means to participants is carried out in a strict accordance with the certain rules which guarantee a fair play. For connecting new participants to the platform, Phoenix uses the Ethereum smart contract code, which doesn’t depend on anything. The user automatically agrees with the rules of the Phoenix smart contract after completion of the first payment. The smart contract is public, however, it doesn’t open any personal information of any participants of the contract. After the contract gets to Ethereum blockchain, it begins to work. The rules and provisions of this contract can’t be changed. The smart contract is a defender which ensures the safety of messages and payments which are sent by the Phoenix members.
Phoenix works at a self-sufficient financial algorithm which allows to accumulate the funds. The algorithm works on the system of rounds, so the participants’ accruals happen after the successful termination of each of them. At the same time, the transfer of the first payment on Ethereum wallet of the participant happens upon completion of the round following the one when the funds were invested. Thus, in case the investor wants to join the Phoenix project now when it passes already the 3rd round, then the first payment will be added to his wallet after a successful completion of 4 rounds.
Example of fund charge in the Phoenix system:
What does a successful completion of a round mean? Each round proceeds until it reaches the target sum which is calculated as the doubled target sum of the previous round plus the sum paid under the contract for the entire period. For the first round the target sum is 100 ETH. The round can last up to 365 days or before achievement of the target sum. The rounds which were not closed can become the only risk for investors. In that case, only those participants that have made the investments on the round previous to the open one will be able to receive a return of the funds.
How to minimize the risk existing in Phoenix for investors?
To avoid alleged losses and to increase the loyalty to the project, a Phoenix contract code, its balance and the list of transactions are in the public register. Thus, any of acting and potential participants can easily check how many ETH is already collected at the moment, to estimate what quantity isn’t enough for achievement of the target sum. To secure investors against possible risk of loss of invested funds, Phoenix also suggests the participants to become system partners, and in every possible way to promote achievement of the target sums of each round (both for the benefit of the project, and for the benefit of each participant). Thus, users of Phoenix will be able to start an own advertising campaign and to advance it through various marketing channels. In case of the invitation of new participants in Phoenix community, the investor will increase the chances of participation in a much bigger quantity of rounds and of receiving a much bigger potential income.
Current stage of Phoenix development
It should be noted that Phoenix isn’t the ICO project. With Phoenix investors shouldn’t wait for return of their funds throughout the long period of time, and after end of the first investment round each of them will be able to become the full participant of system and to raise investments. The fact that only for the first two weeks since the launch of the project, Phoenix has attracted more than $500 thousand and carries out the third round, and its first participants have already received payments to their wallets (all receipts and charges can be checked in open Ethereum smart contract of the project which address is posted on the Phoenix official website), demonstrates that the project and its algorithm really work.
The post A Financial Algorithm from the Phoenix Project: An Exclusive Trade Opportunity for Crypto-Enthusiasts and Crypto-Investors appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/a-financial-algorithm-from-the-phoenix-project-an-exclusive-trade-opportunity-for-crypto-enthusiasts-and-crypto-investors/
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