![]() ![]() As such, the total supply of PHB declined from 3.5 billion to 35 million. ![]() This is similar to what is known as a stock split. This process involved moving from the NEO Blockchain to the Binance smart chain.Īfter the migration, the supply of all PHB in circulation was reduced by a factor of 100. However, a possible reason is that the Phoenix Global went through what is known as a token redomination of 100:1. It is unclear why the PHB price has soared this week. The developers are also thinking of ways to increase the deflationary mechanism in the network. It is a token whose supply is set to increase by about 10% per year. PHB is the native token for Phoenix Global’s network. It also has a data transaction engine that can help increase B2C trust and increase consumer data ownership. Phoenix Global’s mainnet is made up of the Phoenix Oracle, Enterprise sidechains, two-fold consensus, and a multi-layered smart contracts. ![]()
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