Phoenix Global

Phoenix Global (PHB) is a blockchain platform formed through the merger of Red Pulse Phoenix (PHX) and APEX Network (CPX) in 2020. This unification combined the two ecosystems’ token economies, infrastructures, and project teams, creating a unified platform that integrates decentralised applications, AI, and blockchain solutions. Phoenix Global focuses on bridging gaps between Web 3 technologies and enterprise applications, enabling scalable, efficient, and practical use cases.

Following the merger, Phoenix Global migrated entirely to Binance Smart Chain (BSC) in 2021, transitioning its token from PHB V1 (available as BEP-2 and BEP-20) and PHX (NEP-5) to PHB V2, consolidating all legacy tokens. This redenomination reduced the token supply by a factor of 100, decreasing it from approximately 3.5 billion to 35 million, while maintaining the token’s market capitalisation. The migration enhanced transaction speed, lowered costs, and expanded the platform’s accessibility.

Phoenix Global powers a decentralised ecosystem with applications such as the SkyNet Compute Layer and AlphaNet platform. These platforms leverage artificial intelligence and blockchain technology to provide innovative solutions, such as decentralised compute resources and AI-driven trading insights. PHB supports staking mechanisms and DeFi integration, allowing participants to earn rewards while contributing to the network's growth.

The project prioritises enterprise and developer-focused solutions, with plans to introduce Computation Credits (CCD) to incentivise participation and extend the token economy. This approach positions Phoenix Global as a leader in combining blockchain infrastructure with AI and decentralised finance (DeFi).

PHB serves multiple functions within the Phoenix Global ecosystem:

1. *Staking and Rewards:* PHB is used in hybrid staking platforms like Phoenix Staker and Horizon Protocol, allowing holders to earn rewards for participating in the ecosystem.

2. *AI and Web 3 Applications:* The token powers Phoenix's decentralised AI and Web 3 applications, such as the SkyNet Compute Layer and AlphaNet platform, which provide AI-driven trading insights and compute capabilities.

3. *Ecosystem Growth Incentives:* The platform plans to introduce Computation Credits (CCD), which are tied to PHB and incentivise ecosystem participants.

4. *Token Economy Integration:* PHB is central to the unified token economy of Phoenix Global, bridging functionalities from the former Red Pulse Phoenix and APEX Network projects.

5. *Community Support and Development:* The token supports the platform’s ongoing development and user engagement, leveraging its decentralised infrastructure to deliver real-world applications.