Details about Phenix Finance (Cronos) cryptocurrency
€9
2,245,835
144,278,952,888
0
Unknown
https://phenix.finance
@phenixfinance
141436000x
€521704
Phenix Finance (Cronos) price charts
PHNX exchanges
Phenix Finance (Cronos), the crypto
Phenix Finance (Cronos) (PHNX) is a decentralized finance (DeFi) platform that operates on the Cronos network, a layer-two solution built on Ethereum. It aims to provide users with easy access to decentralized financial services such as liquidity pools, yield farming, and staking.
The point
The main point of Phenix Finance (Cronos) (PHNX) is to bring DeFi to a wider audience by offering user-friendly and accessible financial services on the Cronos network, which has lower fees and faster transaction speeds compared to the Ethereum network. Additionally, it seeks to foster community governance and incentivize users to contribute to the platform through its native token, PHNX.
The problem
Phenix Finance (Cronos) (PHNX) aims to solve the problem of high fees and slow transaction speeds on the Ethereum network, which can be prohibitive for smaller investors and hinder the widespread adoption of DeFi. By leveraging the benefits of the Cronos network, it provides a faster and cheaper alternative for users to access DeFi services. Additionally, it seeks to address issues of centralization and lack of transparency in the traditional financial system by utilizing blockchain technology and community governance.
Compare PHNX and BTC performance
| Timeframe | PHNX | BTC |
|---|---|---|
| 1h change | -0.262164 % | 0.168451 % |
| 24h change | -2.32 % | 0.640977 % |
| 7 day change | -4.46 % | -1.40568 % |
| 14 day change | -16.06 % | -3.47208 % |
| 30 day change | -41.2 % | -4.62042 % |
| 200 day change | 2460560 % | 117.416 % |
| Year change | 11281.9 % | 122.487 % |