Need help with exchanges bridging Khala chain assets to Ethereum mainnet
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🔔Community Notice: Financial Update
Proposal to transfer 50 million $PHA from the treasury to facilitate the transition from Khala to ERC20 $PHA tokens.
1 ⃣ These funds will ensure the security and efficiency of the token conversion process. 2 ⃣ They will only be used to move tokens between networks/exchanges, not for trading. 3 ⃣ All transactions will be recorded on-chain for complete transparency. 4 ⃣ Once this process is complete, any unused funds will be returned to the treasury.
📜 For details, see here khala.subsquare.io
The management of this process will prioritize security and transparency.
Let’s work together to ensure a smooth transition! 🙏
Proposal to transfer 50 million $PHA from the treasury to facilitate the transition from Khala to ERC20 $PHA tokens.
1 ⃣ These funds will ensure the security and efficiency of the token conversion process. 2 ⃣ They will only be used to move tokens between networks/exchanges, not for trading. 3 ⃣ All transactions will be recorded on-chain for complete transparency. 4 ⃣ Once this process is complete, any unused funds will be returned to the treasury.
📜 For details, see here khala.subsquare.io
The management of this process will prioritize security and transparency.
Let’s work together to ensure a smooth transition! 🙏
$PHA Phala TEE Cloud is being widely adopted by AI projects, and cooperation is progressing rapidly. Phala will soon launch #以太坊 L2 and expand to a wider range of cooperation channels.
12 days ago since I published my post about Phala Network and why you're probably overlooking this gem. Since then $PHA has pumped more than 300%.
But this is just the start. Today $NEAR co-founder announced a partnership with Phala Network. Near sits at a market cap of 6B USD. Phala has a cap of 350M.
$PHA will soon launch Phala L2 on the Ethereum chain, TEE services will expand from Solana to Ethereum. In addition, Nethermind is closely collaborating with Phala, looking forward to more exciting performances from Phala 2.0 cloud services. #AI agent #TEE
$PHA Kira has been successfully deployed on @PhalaNetwork's TEE. This integration represents an important step for us, as it transforms Kira into a verifiable autonomous AI agent. What does this mean? Kira now operates completely transparently, without any human intervention, ensuring that her actions are both trustworthy and reliable. The deployment within the TEE framework provides cryptographic proof of Kira's independent operation, setting a new benchmark for AI autonomy.
$PHA Web3 AI Agent track continues to innovate. On December 25, the AI Agent self-issued token project aiPool, supported by ai16z founder Shaw, officially launched. Within less than two hours, its circulating market value briefly reached $100 million, quickly attracting significant on-chain liquidity and becoming a market focus. Another self-evolving AI platform, Spore.fun, also combined with the ai16z Eliza framework, is currently receiving a lot of market attention.
Both of these projects utilize Phala Network's TEE (Trusted Execution Environment) technology to issue tokens, ensuring that private keys are generated and stored within the TEE, inaccessible to developers, and that all operations can be verified in the terminal logs. This has once again drawn community attention to the Phala Network, an active project in the Polkadot ecosystem during the last bull market.
Currently, the market values of $spore, $adam, and $eve have seen significant growth. Let's continue to pay attention to how the third generation of AI agents nurtured by AI will perform.
The surge of PHA today at $PHA is likely due to the newly launched experimental product Spore.fun, which is the first experiment in autonomous AI reproduction and evolution. It combines the Eliza framework, Solana pump.fun, and TEE verifiable computing to create an ecosystem where AI agents can not only survive but also reproduce and adapt, completely independent of human intervention. Currently, the third generation of autonomous AI is being incubated, with a market cap of $SPORE surpassing 13 million, and the market caps of $ADAM and $EVE also exceeding 1 million. Interesting developments are still ongoing. Do you think this could become the next narrative in the emerging trend?
$PHA PHALA 2024 Year-End Summary has been released. This year, the team has done many innovative and meaningful things https://phala.network/posts/phala-network-2024-year-in-review
$PHA At exactly 00:00 UTC on Dec 3, 2024, Phala Network will officially enter its 6th Halving Period.
This milestone is a huge step toward building a sustainable & decentralized future for the Phala community. We thank our community for your unwavering support.
$PHA will reduce production by 25% again on December 3rd, with a current circulation of 760 million, a staking ratio of 25.11%, and an average APY of 16.88%. Everyone, guess how much the price of PHA will reach in December?
$PHA in #AI sector related reports: - Coinbase's AI research: https://paragraph.xyz/@cbventures/demystifying-the-crypto-x-ai-stack
- Delphi Digital's AI research: https://x.com/Delphi_Digital/status/1804201894597808257
- AI projects on CMC and Binance: https://coinmarketcap.com/view/ai-big-data/
- AI list on Dune: https://dune.com/cryptokoryo/ai
It can be seen that the project parties have been working systematically, and the value has not yet been discovered, so it may be possible to make an advance move.
Get excited, because Phala will soon be leveraging Intel #TDX and GPU #TEE to create a robust infrastructure for general-purpose AI programs.
Read the newly-published article by Phala Network: Phala’s Defense in Depth Solution with TEE, and learn how Phala will achieve that: bit.ly/defenseTEE
$PHA has been reducing production every six months since 2022, and has now completed its fifth reduction. Miners are producing less and less. With the development of AI, PHA, as a functional token for purchasing AI resources, is expected to have great room for growth.