PhenX Revolutionizes Decentralized Trading with Low Gas Fees and Zero Transaction Costs
1. What is PhenX ?
PhenX is a groundbreaking decentralized exchange (DEX) designed to address some of the most pressing challenges in the crypto trading space: high gas fees and transaction costs. In an environment where Ethereum’s gas prices and Uniswap’s transaction fees make microtransactions nearly impossible, PhenX emerges as a game-changer. With a mission rooted in the ideals expressed by Satoshi Nakamoto, PhenX seeks to make decentralized trading more accessible, affordable, and efficient for all users.
Core Features
PhenX’s innovative approach to decentralized trading is evident in its core features.
- Low Gas Fees: By employing advanced optimization techniques, PhenX ensures that users benefit from the lowest possible gas fees. This feature is crucial for making trading affordable, especially for those engaging in frequent transactions.
- Feeless Swapping: PhenX eliminates the burden of trading fees entirely. Unlike traditional exchanges that charge a percentage fee per transaction, PhenX allows users to swap assets without incurring any additional costs.
- Feeless Bridge: PhenX extends its feeless philosophy to cross-chain transactions, enabling seamless asset transfers between different blockchain networks without the extra cost typically associated with such operations.
Sub Features
To further enhance user experience and security, PhenX integrates several sub features:
- AI Contract Scanning: Leveraging artificial intelligence, PhenX ensures the security and reliability of all transactions by scanning smart contracts for potential vulnerabilities, protecting users from fraud.
- Charts, Order Book, and Portfolio Management: PhenX offers comprehensive trading tools, including detailed charts, an order book, and portfolio management features, allowing users to make informed decisions and manage their assets effectively.
- Staking with Buyback Mechanism: In its commitment to maintaining token value, PhenX uses 100% of its initial revenue for token buybacks, which are then added to the staking contract. This method prevents sudden market selloffs and ensures a gradual distribution of tokens, benefiting all participants by supporting token price appreciation.
Revenue Model
PhenX differentiates itself from other DEXs through its unique revenue model. By offering 0% trading fees coupled with optimized low gas routing, PhenX provides a compelling value proposition for projects seeking listing opportunities. As the user base grows, the demand for listing on PhenX is expected to increase, creating a sustainable revenue stream. The first six months of revenue post-launch will be dedicated to token buybacks, which are then allocated to the staking contract, ensuring continued token price growth and market stability.
Marketing Strategy
PhenX’s marketing strategy is as innovative as its platform features. The strategy focuses on three key areas:
- Telegram & Twitter KOLs: PhenX has partnered with key opinion leaders (KOLs) on platforms like Telegram and Twitter to build brand awareness and drive engagement within the crypto community.
- AMAs (Ask Me Anything Sessions): Hosting AMAs with other projects increases PhenX’s visibility, builds community trust, and allows direct interaction with potential users.
- Search-based Ads: By targeting specific keywords through Google Ads, PhenX aims to reach a broader audience beyond the reach of social media KOLs, capturing interest from those actively searching for low-fee crypto trading options.
2. Token Sales and Economics
Here is the data presented in a table with two columns:
| Token Name | PhenX |
| Token Symbol | PNX |
| Token Decimal | 9 |
| Total Supply | 1,000,000 |
| Holder Count | 202 |
| Contract Address | 0xd166b7D9824cc5359360B47389AbA9341cE12619 |
| Contract Verified? | Yes |
| Projects Age | 13 days, 10h, 16m |
| Contract Type | ERC20 |
| Compiler | v0.8.26+commit.8a97fa7a |
| Sol License | MIT |
| Contract Name | Phenx |
| Contract Created | Jul-29-2024 04:11:47 PM UTC |
| Contract Language | Solidity |
| Related Audit | 0 Available |
3. Roadmap and Updates
Q2 2024
Team Formation
Market Research
Design and Branding
Team KYC and Contract Audits
Incorporation of Ambassadors
PhenX Bot (all-in-one)
Q3 2024
Token Launch
Staking DApp
Listing on CMC & CG
DEX Development: Public Testing Phase
DEX Development: Feedback Adjustments
Q4 2024
DEX Launch
Revenue Share
1,000 DEX Users
1,000 Token Holders
100 Client PhenX Bot Integrations
Q1 2025
Additional Chains Integrated
1st CEX Listing
Wider Marketing Campaign
10,000 DEX Users
5,000 Token Holders
250 PhenX Bot Integrations
Q2 2025
New Features
2nd CEX Listing
Large Scale Marketing Campaign
25,000 DEX Users
10,000 Token Holders
500 PhenX Bot Integrations
4. Community
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