Phoenix - Burn to Rise, Renew to Soar
@Phoenix_XRD
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$PHNX - Burn to Earn Innovating with a Deflationary Model 📉 | Weekly Burns 🔥 | Maximizing Value for Holders 💰 Stay connected for news, tips, and updates!
Joined March 2024
You’ve got some $xrd sleeping in your wallets? Put them at work and stake them on the $PHNX node to earn a 6.81% APY (as of tonight). The best part? We do not take any fee! 💸 Click here for staking on our node >> https://t.co/bnrDnQsJsU
dashboard.radixdlt.com
Use the Radix Dashboard as your network Explorer, or to stake and unstake Radix tokens and claim XRD from validators.
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The only requirement to participate in Radix Rewards? Have $50 in $XRD across your linked accounts. Don't forget to enroll!
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🚨 COMING SOON: Another buy back and burn scheduled for later this month! The Phoenix rises from its ashes, but these tokens never will. Stay tuned, burners! 🔥
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In other words: More than 1/3 of all $PHNX that will ever exist has already been permanently removed from circulation. And we're just getting started.
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📊 BURN TOTALS: Burned since inception: 324,595,422 $PHNX Lost to burn wallet: 3,630,527 $PHNX TOTAL ELIMINATED: 328,225,949 $PHNX % of original supply: 36.92% 🔥
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🔥 NEW BURN - Monthly Report 🔥 Over the last 30 days, we've eliminated 10,182,102 $PHNX: 182,102 $PHNX from team LP rewards 10,000,000 $PHNX from voluntary burn program The fire keeps burning! 🧵
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Since the beginning, we burned 314,413,320 $PHNX + 3,630,527 $PHNX lost (sent to the unofficial burn wallet of Radix). So, in total, 318,043,847 $PHNX have already been withdrawn forever. That represents 35.78% of the original total supply.
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Over the last 30 days, we burned 30,396,411 $PHNX: 229,998 PHNX from the LP rewards of the team + 166,413 PHNX from the buy back and burn + 30,000,000 PHNX from the voluntary burn.
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People are fading $PHNX!
🔥 Just burned 1.3M $PHNX! Total burned: 287.6M PHNX (32.36% of original supply) 💎 Added 4,500 $XRD to Strategic Investment Fund (now 109,780 XRD) 100% circulating supply ➡️ Supply will only decrease from here! 📉
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🔥 Just burned 1.3M $PHNX! Total burned: 287.6M PHNX (32.36% of original supply) 💎 Added 4,500 $XRD to Strategic Investment Fund (now 109,780 XRD) 100% circulating supply ➡️ Supply will only decrease from here! 📉
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⚡️ $PHNX is now one of the @radixdlt tokens with absolutely no reserved supply. Every token is in circulation. Every token is in the market. This is what true decentralization looks like.
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🔒 This is permanent: Marketing wallet: GONE Future unlocks: NONE Reserved tokens for staking rewards: ZERO Circulating supply: 100%
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📈 Market Impact: Every $PHNX token you own now represents a piece of our fully circulating supply. There are no more tokens waiting to enter the market. Ever.
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🎯 Let that sink in: - No listing reserve - No marketing wallet - No hidden supplies What you see is what exists
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💫 What This Means: For the first time in $PHNX history, there are NO token in reserve. Every single $PHNX is now in circulation. This is true decentralization.
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📊 The Numbers: 36,935,479 $PHNX burned 100% of marketing wallet eliminated Zero tokens left in reserve ALL supply now circulating
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🔥 MEGA BURN EXECUTED 🔥 We just burned our ENTIRE marketing wallet: 36,935,479 $PHNX This isn't just another mega burn. This one changes everything...
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Let’s all like that post from our founder @TheCadorXRD please 🙏🏻
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Sustainable Growth 📈 Each mechanism reinforces the others, creating a self-sustaining cycle of value creation and burns.
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Infrastructure First 🏗️ Our node operations and LP provide essential ecosystem services while funding burns - utility driving deflation.
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