That is correct. First ever ERC223 token to be mined this way.
>Abstract The supply of PHX tokens is tied directly to the Ethereum balance of the smart contract underpinning the 'EthPhoenix' decentralized application and mined using a novel, generalisable technique we refer to as proof-of-volitility
>Contributions 1) Model on which a queryable values from a smart contract can be used for generating Ethereum tokens (proof-of-involvement). 2) A specific instance of proof-of-involvement describing an algorithm which dictates proportional token generation according to the stake held by a participating smart contract (proof-of-volatility). 3) A smart contract detailing an ERC223-compliant Ethereum token active on the main network which can be mined a hitherto unused techniques an existing smart contract as the unerlying generator (PhoeniXCoin).
Its live now. >ethphoenix.io/mine/#/
The release only occurred after an elaborate riddle was finally solved after a dev dropped clues all week. The underlying contract is: >ethphoenix.io
or come enjoy the futures market to earn 30x multiples, then dump into ethphoenix. >pyrmex.io
right now yes. By buying into EPX you can immediately start mining PHX
Now to explain the futures markets called pyrmex.com a little more, also a world first.
>There are 6 pots, Zerobear, Bear, Minibear, Minibull, Bull, and Infinibull, representing different ETH ranges the contract balance could be at the settlement time.
>Payout multipliers depend on market sentiment, but have ranged from 1.3x (An obvious, easy bet) to 50x+ (completely unexpected manipulation).
>Manipulation occurs by ethphoenix.io token holders (EPX) during what is called the bog hour. This is the hour right after betting has stopped...but the pot is still hot i.e. yet to be won. The game isnt over until settlement and then the winners get the payouts. IN this hour window, people buy and sell EPX to move the volume in contract to favor the bet. Creates high volatility which generates dividends for EPX coin holders, making a very nice passive means of earning eth...for life. Contract will go forever, physically cannot be stopped. Wild bones wild ride is in effect, are you on?
Wait, but hang on, if that's an ERC223 token what's to stop me trading it on Forkdelta or something? Or using it as collateral on Ethlend?
Yeah, but no betting on this today - the eth balance popped like 80+eth today - not even close to the betting ranges! lol
NOTHING! that is the goal here, we can mine PHX and then sell it to traders or gamers and then we can buy more EPX with the ETH.
We're getting close to 400 ETH in the contract, someone just dropped 5 to bring us to 389.
>get in at 240 eth >its 390 now but i'm still below initial investement >our graph is totally linear Yep, fuck off, once it hits 400 i'm out.
sir, I bought in on Feb 2nd, and i just broke even today. over 1 month later. Weak hands will lose out every time, and since I'm even money now, all future weak hands (including you when we hit 400) will be paying me pure profit.
So you're saying you need 1,5 months(more now since token costs more and there are less money) to break even and only if there will be constant stream of money? Even fucking stocks are better at this rate.
it's better than holding ETH, I also have been reinvesting all my dividends so I have more tokens than i had when i made my initial purchase (which i believe will be worth a lot more in the future) which will net me even more eth. If you dont have "fuck it" money then don't put any into this. Weak hands will be punished, strong hands will win in the end, even if it takes 1.5 months.
if you honestly think this isnt mooning you are fucking ignorant or working with powh. Just created a form of of mining. Like holy shit.
Not to mention the contract has had over 2600+ ETH in and out, its going to have much more. So its far beyond a simple 2x or 3x because im making money on others selling plus my token value goes up.Thirdly, when other sells it burn the tokens from existence making my token more rare. im over 8 eth on a 5 eth initial investment a month ago so you can fuck off. Products speak louder than shills.
also, not everyone will experience the same route to regaining their 20% back. I bought it at the very top, the coin was dumped from 500 ETH to 160, so the value of the coin dropped a lot for me, almost 50%. If the coin doesn't drop in value and keep going up, you will get your 20% back faster just because the coin value is rising.
Do you even fucking math, bro?
90% of the eth people spend is held in the contract in case people want to dump.
Which one of this are you? Yeah i can understand why you want more people to stay in before you dump it on everyone.
i heard something about open world in the works, not sure of the legitimacy of that information but these developers are INSANE, so i would NOT expect something like pepe cards or cryptocities, etc.
Obv need to actually contact the devs for them and IDEX to get a proper listing, but you can use this for now, just bookmark it.
It's an actual game.
>so i would NOT expect something like pepe cards or cryptocities, etc
I've been gradually working on an in-browser (using WebGL) Runescape-esque MMO, but with a more ARPG (think Diablo) spin. Obviously most of the actual game engine won't be running on Ethereum (that'll be for anything where security is needed, the rest is all p2p using WebRTC, Websockets, Service Workers and IPFS as a backbone for asset serving).
I was wondering how to handle the in-game currency, might look at this now!
>don't worry, only 0.3, i won't be crushing your pyramid with that i guess
Kek, GG EPX then
THE WORLD IS NOT ANYMORE THE WAY IT USED TO BE MMM NONONO!
That chart though holy shit.
A 7.1300 ETH hellfire was just added to The Phoenix! A 7.1300 ETH hellfire was just added to The Phoenix! A 7.1300 ETH hellfire was just added to The Phoenix! A 7.1300 ETH hellfire was just added to The Phoenix!
my body is ready
This shit is blowing up!!! FOMOOOO
what are you waiting for user? call now
The fire rises
This sounds really cool! Please share screenshots when you can