Phoenix Defi Protocol

PhoenixDefi
2 min readApr 10, 2021

Once there was a Dev….

He believed that there was a way to create a self-regenerating automatic liquidity providing protocol that would pay out static rewards to holders and penalize sellers. He had a vision…..

With the creation of a smart contract, and a safe launch via DxSale, the impossible became a possibility. This dev has some great things in store for the community here, and we believe there is a way to foster trust in the contract by remaining 100% committed to transparency and honesty!

First, we would burn all of the Dev tokens and provide all liquidity to DxSale for the community to have first grabs and the best rewards…

Second, we would use the DxSale protocol to force lock liquidity generated from the LP presale event to foster trust in the contract…

Third, we would implement a function within the contract that would act to auto-magically transfer a portion of each sale into the LP on PancakeSwap…

Last, we would pay holders their share of a static reward as an incentive for holding…

That day Phoenix Defi was born!

Phoenix Defi is launching on DxSale! What is it?

What is DxSale.Network?

“We are building a true decentralized, blockchain agnostic user experience of the token journey”

DxSale.Network is a decentralized, token management platform as a service (PaaS) aiming to provide the best user experience of the token journey. Our application launched in late December on the Ethereum network.

What is the Token Journey?

  1. Minting of a utility token or importing your custom token
  2. Raising capital for your venture using your token
  3. Locking your team token or LP tokens
  4. Listing your token on a decentralized exchange

What makes us unique & different?

Built from scratch and with scalability in mind, every phase of the token journey is a dApp that is interconnected and works with each other, resulting in the best DAO in the market.

Currently we are the only token platform that provides flexibility, true decentralization & automation through our connected applications and is designed for interoperability in mind from the start!

The result?

  1. Developers that would spend hours on building and testing will now only take minutes to launch.
  2. Simply Fill Out The Form and the rest is taken care of by our DAO.
  3. Rug free as the DAO locks a percentage of total capital raised.
  4. All of your data is stored on the blockchain! For example, if you need to change your logo during presale, simply connect your wallet and make the change

TOKENOMICS:

Symbol: $PHNX
Total tokens : 350,000,000 PHNX
Presale : 150,000,000 PHNX
Initial liquidity : 142,500,000 PHNX
Development fund : 50,000,000 PHNX
Initial token burn : 4,500,000 PHNX
Presale fees : 3,000,000 PHNX

10% penalty tax fee for sellers
- 4% auto-locked in LP on PancakeSwap
- 2% redistributed to holders
- 2% burned
- 2% rewards wallet, for rewarding holders in future

Enjoy your trip to the moon safely!

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