Phoenix (PHX) is the name of the project that resulted from the rebranding of the previously known Red Pulse (RPX). Main changes - logo, name, swap token 1: 1.
Before ICO (Initial Coin Offering) "Red Pulse" was a Chinese company that analyzed investors' domestic markets: financial, real estate and goods. The company was created by several analysts specializing in specific markets.
At one point, it was noticed that customers needed more information on new markets and opportunities. A decision was made to launch an internet platform that would allow external analysts to contribute to research and analysis.
At the time Jonathan Ha (CEO of Red Pulse) he saw that it seems natural to use the potential of blockchain technology for the new platform. The main benefit was that the company could use the work of external analysts without having to register them as employees. It allowed to control the contribution of individual people and also to reward their work in a transparent and quick way. At the same time, it did not entail the necessity of signing contracts and agreements that could pose problems from a legal point of view. The main obstacles that had to be dealt with were the various nationalities of analysts, legal and tax regulations in various parts of the world, etc. That was Red Pulse platform.
Despite the fact that the Red Pulse team focuses on its activities on the Chinese economy, the plans go much further. Adaptation in other parts of the world, however, requires adjusting the platform to legal and tax regulations.
Therefore, a new token was created Phoenix. His Smart contract it is written in such a way as to meet the requirements - analysis of new markets (eg cryptocurrency market), operation in countries with other regulations. An example is the European Union, where from January 2018 introduced the MiFID II directive regulating, among others activity of investment companies.
Availability of the Phoenix platform
16.10.2018 team announced officially available Phoenix platform for anyone who would like to contribute to market analysis. At the same time, he offers a transparent pay system - of course, in PHX tokens. For those who do not have the knowledge or experience, the platform allows for obtaining passive income on the basis of the so-called stakingu. In this particular case staking is to keep your PXH tokens on the platform instead of on the stock market or wallet. The rule is simple - the more tokens the User has the higher the passive income he achieves. Details on the interest rate can be found on the official website.
20.10.2018 Phoenix announced cooperation with creators block Folio - one of the most popular and most dynamically developed mobile applications for managing your own crypto portfolio. In addition to convenience and simplicity of use, Blockfolio offers its users signals, based on which it is easier to find yourself in the thick of information and make possible investment decisions.