WHAT IS #PHB COIN

Phoenix Global is a Layer 1 and Layer 2 blockchain infrastructure platform for decentralized artificial intelligence (AI), compute scaling, and data-driven Web3. APEX Network and Red Pulse Phoenix merged in October 2020.

What is Phoenix Global (PHB)?

Apex Technologies is the company formerly known as Chinapex and its Apex Network aims to develop a blockchain-based platform and ecosystem designed to address the challenges businesses face in B2C (business to consumer) interactions. The platform offers customers the ability to control their own data without being dependent on third-party data owners.

Apex Network was a decentralized exchange (DEX) that enabled “one-click” transfer of assets within the ecosystem and provided a two-way peg between sidechain tokens and mainnet CPX (Apex's native token). Apex Network's mainnet uses a Delegated-Proof-Of-Stake (Dpos) consensus mechanism, while the chosen consensus mechanism for the sidechains is proof-of-stake. Super Nodes were required to hold a certain amount of Apex Network's CPX tokens before voting was available. Once they reached the status of Super Nodes, they had the following responsibilities:

1) aggregating transactions on the mainnet into blocks;

2) verifying transactions by signing and publishing blocks;

3) helping to resolve compromise issues in a democratic manner.

Oracle Phoenix

Oracle is a proprietary Oracle platform designed for data transactions, data exchange, and secure interaction with external chain data. Phoenix Oracle has native integration with Layer-1 of the platform.

Ecosystem/DApps

AlphaNet is an AI-powered, Web3-based platform built on Phoenix to help retail and sole traders optimize their trading advantages. AlphaNet is Phoenix's native decentralized implementation, with Layer 2 computing, AI, modeling capabilities.