ERC223 token (PHX) can now be mined with new method. Proof of volatility.
>what? 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-volatility.
>volatility of what? By owning stake in ethphonix (holding EPX tokens), you are able to mine a PHX tokens. An algorithm dictates proportional token generation according to the stake held in ethphoenix.io (proof-of-volatility). As one user put it, "it's like PoS, but instead of voting on blocks, it's more like a delegated stake - the new contract issues the new tokens based on your holding your EPX."
Ethphoenix (EPX) is designed to reward iron hands. By holding EPX you collect dividends from other token holders buying and selling. 10% of every transaction goes to the community pot then distributed accordingly based on stake. The more coins you have, the bigger the cut. The number one token holder now bought at the all time high with 50ETH and accumulated over 25+ eth from holding those tokens and not selling. Its only been 2 months.
In a few hours, people's first mined PHX will start to come in and we'll get an idea on how much PHX you get per EPX. Reminder, the lowest seller on ForkDelta is 0.001 ETH per PHX, making them worth at least 5 dollars each. And trust me, people are going to start buying PHX simply because they can be gambled with.
Joseph Gutierrez
Sorry, meant 0.01 ETH per PHX.
Cameron Rodriguez
>mfw the newest coin ever created is are more valuable than 50% of other ICO's
William Kelly
>Getting less dividends and tokens with PHX >Literally giving all my money to bottom floor faggots
