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Live PHB/INR Price
₹1.16
0%
Price Changes
₹0
0%
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₹1.1
24h High
₹1.19
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Phoenix is a blockchain platform that combines AI and Web3 technologies, with a focus on privacy, enterprise applications, and real-world use cases. It’s built on the Binance Smart Chain (BEP‑20) standard. The project was established following the merger of Red Pulse Phoenix (PHX) and APEX Network (CPX) around 2020. The network is powered by its native token, PHB.
Phoenix Global was co-founded by Jonathan Ha and Jimmy Hu following the merger of Red Pulse Phoenix and APEX Network in 2020.
• PHB token: PHB is the native utility token of the Phoenix ecosystem. It is used for staking, governance, powering AI or Web3 apps like SkyNet and AlphaNet, and incentives for participants.
• Layer‑1 and Layer‑2 architecture: Phoenix offers a hybrid setup, a base Layer‑1 blockchain for security and consensus, with an execution Layer‑2 dedicated to AI workloads.
• Real‑world use cases: The platform targets real‑life sectors like healthcare, supply chain, and enterprise applications where AI decisions and trust are important.
• Multi‑chain interoperability: Phoenix is compatible with major EVM networks and BNB Smart Chain, and supports cross‑chain deployment of AI tools and models.
PHB is an emerging project in the intersection of AI and Web3, two of the most exciting sectors in crypto today. The project has gained traction with the release of PhoenixONE V1 and continues to position itself as a leader in decentralized AI infrastructure. Its focus on real-world enterprise applications and efficient on-chain AI computation gives it strong long-term potential. As the ecosystem expands and adoption picks up, PHB could offer significant upside for early adopters. However, it is important to note that every investment carries risk.
You can buy PHB from crypto platforms like CoinSwitch.
• PHB can be bought and traded on crypto platforms like CoinSwitch.
• PHB is used to pay for services, smart contract interactions, and transaction fees within the Phoenix Global ecosystem.
• The token can be used to access or purchase AI and data services within Phoenix’s dApps and marketplace.
• Users can stake PHB tokens to earn passive income through staking rewards.
• PHB actively builds use cases combining AI, on‑chain analytics, data privacy, and scalable infrastructure.
• The project emphasizes privacy and data ownership, which is appealing to users and enterprises worried about data misuse.
• Phoenix Global aims to serve many sectors such as healthtech, consumer IoT, supply chain, retail, and Web3 games.
• PHB is subject to market volatility like all cryptos.
• PHB operates in a competitive space with many projects targeting AI, privacy, data ownership, and Layer‑2 scaling.
• Ambitious features like AI, privacy, cross‑chain, and data analytics are hard to deliver in a consistent and user‑friendly manner.
• Start investing in PHB with just ₹100.
• CoinSwitch provides a seamless and intuitive trading experience for users.
• Easily manage your transactions and portfolio on the app.
Phoenix conducted its fundraising through two private token sale rounds. The first round was held in Q4 2017, raising approximately $14.51 million, followed by a second private round in Q1 2018, where the team secured an additional $25 million, bringing the total funds raised to $39.51 million. Phoenix officially launched its Token Generation Event (TGE) on November 9, 2021, with an initial listing price of $0.89 per PHB token.
Elrond
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1. What is Phoenix (PHB)?
Phoenix is a blockchain platform that combines AI and Web3 to power decentralized, privacy-focused applications. Built on the Binance Smart Chain, it targets real-world sectors like healthcare, IoT, and supply chains with AI-enhanced dApps.
2. What is the PHB token used for?
PHB is used for staking, paying transaction fees, powering AI or Web3 applications, and accessing Phoenix’s decentralized services. It also serves as a reward mechanism within the ecosystem.
3. Is PHB a promising crypto?
Yes, Phoenix shows strong potential in the growing AI and Web3 space. Its hybrid Layer 1/Layer 2 architecture, real-world use cases, and cross-chain AI capabilities give it an edge in enterprise-focused blockchain infrastructure.
4. Where can I buy and trade PHB?
You can buy, sell, or trade PHB on platforms like CoinSwitch, starting with as little as ₹100. CoinSwitch also offers portfolio tracking and easy access to crypto trading.
Highlight
Phoenix is a blockchain infrastructure project focused on enabling AI-powered, privacy-centric Web3 applications through its Layer 1 and Layer 2 solutions.
PHB Price Today
PHB Price
₹1.16
Price Change 24h
0%
Price Change 7d
2.44%
Market Rank
#1927
Market Cap
₹9 Cr.
Trade Vol 24h
₹7 Cr
Circulating Supply
₹7 Cr. PHB
Trading Activity
55% Buy45% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
