Phoenix Global Coin is a cryptocurrency that operates on the Neo platform. Red Pulse is a Chinese research ecosystem that connects experts, practitioners, and professionals in China’s finance and capital markets, providing quality content and analysis that can be shared with a global audience. Red Pulse operates on the NEO blockchain and uses NeiC, a NEO smart contract.
What is Phoenix Global (PHB)?
Phoenix Global (PHB) is a cryptocurrency without mining. Instead, the platform operates a staking mechanism for node owners. Since Red Pulse uses the Byzantine Fault Tolerance (dBFT) consensus algorithm authorized by NEO, it should not be confused with the proof-of-stake algorithm.
On the other hand, anyone who owns Red Pulse Phoenix coin can become a staker. To do this, users need to convert their PHBs into PHF tokens (Phoenix Fire) in their control panels. The conversion is at a 1:1 ratio, and Red Pulse calls this “ignition.”
In addition, when someone contributes information or research to the platform, Red Pulse assigns them a credibility score. This score is based on the accuracy of submissions determined by readers, the Red Pulse team, and the general popularity of their contributions. Contributors earn PHB tokens for their submissions.
Everyone accessing information related to Red Pulse pays with PHB tokens. Also, a researcher wanting to learn more about a specific market development can make a request on the platform. Then, anyone knowledgeable about the subject can respond to the request and earn PHB tokens for their efforts.
On the other hand, the founder of Red Pulse notes the failure of major players in the Chinese market to dominate the information market. China is a vast and technologically advanced country with extensive, fast-moving, and complex markets. Therefore, there is a huge amount of news and information coming from the Chinese markets.
Red Pulse aims to solve this overload of information. It operates with a special focus on the Chinese economy and capital markets, proposing to be a “sharing economy for research.” Industry experts, researchers, and market analysts can contribute their insights and knowledge to the platform. Submissions are created by a combination of machine learning algorithms, natural language processors, and human analysts. The platform uses more than 4,000 meta tags to categorize and rank data.
PHB Coin Commentary
PHB Coin seems to be attracting the attention of investors, especially considering the long-standing presence and progress of the platform behind it. However, when looking at the charts of Phoenix Global (PHB), it appears that it has not shown the high volatility and price movements it exhibited in the early days of its market debut.
Therefore, investors seem to trust Red Pulse Phoenix Coin, yet they also appear cautious. To better assess investor comments, it may be useful to look at historical figures and current data.
According to CoinMarketCap data, PHB Coin is ranked 548th in terms of market capitalization with $8,680,667. Additionally, as of the time this article was prepared for publication, PHB Coin was trading at $0.0026, with a 24-hour trading volume of $125,094 USD. Also, Phoenix Global (PHB) hit its all-time low on March 13, 2020, known as “Black Thursday,” at $0.0011, and its all-time high on January 8, 2018, at $0.8080.
In addition, there are currently 3,404,398,939 Phoenix Global (PHB) in circulation, and it is stated that the total supply of Phoenix Global will also be 3,404,398,939 PHB.
How to Buy Phoenix Global Coin?
Phoenix Global Coin can be purchased through Binance, the world’s largest cryptocurrency exchange in terms of trading volume. It should be noted that Binance supported the PHB token transfer process on May 22, 2019. It is worth mentioning that Phoenix Global Coin is currently available on Binance in PHB/BNB, PHB/BTC, PHB/USDC, PHB/TUSD, and PHB/PAX trading pairs.
