PHA: a product from Phaeton
PHA is a native coin deployed from Phaeton Blockchain with a max. cap supply of 500 million PHA Coins. As of January 2021, approximatley 175 million PHA are in global circulation whith the intention to deploy more PHA Coins as the market matures
PHA Coin is classed as an utility coin, used as a transaction fee across the Phaeton Bllockchain network including independent Sidechain applications.
Deployed custom Sidechain applications for our clients, whether it be a public, private or hybird ledger platform, will require PHA Coins to be used to validate transactions.
PHA Coin represent value to individuals, businesses and communities organisations holding PHA Coins who are entitled to staking rewards as part of the dPoS process.