Decentralized Club Ama with Phenix Finance.

8 min readMar 20, 2023

On the 20|03|2023 Decentralized Club had the honor of hosting philippe from Phenix finance for an Ask-Me-Anything session on their Telegram page with a community of over 60,000 people. It was hosted by Auria

The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.

If you missed this event and would like to know what Phenix finance is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.

Auria

Hello

I’m Auria, your host for this AMA session.

For today’s AMA session, we have invited the philippe from Phenix finance to help us learn more about this awesome project.

Let us all give a warm virtual welcome to our guest , @PhilippeTheGreat 👏

Philippe

Hello 😁

Thank you for inviting us.

Auria

Before we dive into the project, we will love to know about your role and day to day work experience in project

Philippe

I am a community manager for Phenix Finance.

I am responsible for all the community-related activities 😁

Auria

Thanks for introducing yourself

as you already know, this AMA will have 3 segments.
Intro segment
Twitter segment
And in the last (3rd) live segment , I will unmute the chat to allow questions from our dear Community!

So let’s start our AMA with basic introduction segment.

SEGMENT 1

Auria

Here’s the first one for you

1. Please tell us more about your team. How many people are behind the project and when did it initially launch?

Philippe

Our Core Team consists of 3 people:

Akira — marketing, community management and strategic management

Henky — marketing, community management and legal affairs

Jake — lead developer

And there is also me — the community manager.

The project launched on the 22nd of March 2022.

Done

Auria

2. Can you describe what Phenix Finance is, and what it’s planning on achieving in the crypto ecosystem as a whole?

Philippe

Phenix Finance is a multichain DeFi ecosystem operating on the Cronos and Polygon chain.

Our goal is to make DeFi easier, safer and more lucrative for everyone. We offer our investors a wide range of utilities within our ecosystem.

Done

Auria

Great

Next question…

3. How do you feel about the current state of the market, and in what ways has it impacted your project?

Philippe

We are in a bear market and will probably stay here in the upcoming months, althought the sentiment is currently heating up.

However, we view this bear market as an opportunity to build and develop our ecosystem to the highest possible level and be ready to embrace the bulls once they return.

Since we are a rebase protocol, we don’t focus on the price action a lot. Rebases generated via our RX3 System tend to outweigh the decrease in price in the long term.

Done

Auria

As of today, what are some if not all the services that Phenix Finance offers?

Philippe

-High APY rebase token
-Decentralised exchange with the possibility to farm liquidity
- Flaming Phenix Club NFTs
-NFT staking based on rarities
-Mystery Boxes
-Referral System
-KYC and Multisig services

And much more that is yet to come.

Done

Auria

5. What are some of the milestones that you have set for yourselves on achieving, in order to gain more popularity in crypto?

Philippe

- Launching the $PHNX token
- Launch the Flaming Phenix Club NFT collection
- Going cross-chain
- Launching the Phenix DEX

And the most important milestone — having an amazing community!

Done

Auria

6. Initially Phenix Finance was launched on Cronos, and as of today your project is on both Polygon and Cronos. What prompted this decision? What are some of the advantages of building on two chains as opposed to one?

Philippe

We wanted to get more exposure and going cross-chain seemed like a logical next step.

Operating on two chains is not only beneficial for exposure, but it also gives us more room for development. Since Cronos and Polygon are different environments, each chain gives us the possibility to be creative and try out different things.

Done

Auria

7. Would you say it is more beneficial for projects to launch on two chains, as opposed to one? If yes, what would be some of those benefits?

Philippe

Going cross-chain is always a smart decision in our opinion. It is beneficial in many aspects, such as:

-Reaching more investors and increasing exposure
-Generating more revenue for the treasury
-Networking and meeting new people and projects
-More room for developments

Done

Auria

8. What was the motive behind launching your own DEX?

philippe

Our main goal is to make DeFi easier. Having our own Decentralised Exchange seemed like the necessary step toward achieving our vision.

We wanted to create a user- friendly, lightening-fast, low-gas-fee DEX that will provide a wide range of utilities to our investors.

Our DEX, besides having one of the lowest trading fees, is the first DEX that offers Liqudity Manager Contract for tokens with taxes.

Done

Auria

9. Do you have any plans on launching your own NFT marketplace?

Philippe

Yes. To become a complete ecosystem, we plan to launch our NFT marketplace in the upcoming months. The marketplace will be integrated with our upcoming NFT and Token Launchpands and our recently launched DEX.

Our FPC NFT holders will have special benefits.

Done

Auria

Moving on to our last question of this segment

10. Does your NFT collection have any utilities?

Philippe

Yes, it has multiple utilities:

- Staking based on rarities
- Free Mystery Box weekly
- Farm Booster (coming soon)
- Discounts
- Access to giveaways

And many more utilities that are yet to come.

Done

Auria

That’s wraps up the first part of the Ama session .Thanks Philippe for your Answers!

Let’s now proceed to the twitter segment

SEGMENT 2

Auria

Here’s the first interesting question from twitter

Q.1 How did you get the community involved in developing the project? and how do you build a strong community to grow globally?

Philippe

We care about our community a lot. We are one of the most transparent projects on Cronos and Polygon. We conduct AMAs every Friday where we update our community about everything that is happening in our project.

We conduct numerous giveaways and acitivities for our Community. Community is our engine.

Done

Auria

Q.2 As I read on your website that you have done partnerships with Crypto Beans Cooffee , Asure Defi , Coingeck charts , cronus chain ecosystem and many more. May I know more about these partnerships and what will be the overall long term benefit of these alliance?

Philippe

Partnership with Crypto Beans enabled us to have coffee with Phenix logo on it.

Our core team did KYC with Assure DeFi which adds an extra layer of safety.

We are listed on Coingecko and numerous other crypto platforms where data from our ecosystem is being tracked.

Done

Auria

Q.3 Can you explain the functionalities of the lottery pool in the Phenix finance “ Phenix Loot Pool “? Whats requirements and how can we participate?

Philippe

The Phenix Lotto Pool is a P2E (Play-to-earn) lottery pool that offers consistent and large prize pools for all participants. Entry into the Phenix Lotto Pool (PLP) will require the user to deposit tokens into the pool in exchange for tickets. As long as your tokens are inside the pool, you’re in the draw to win a prize generated over the course of the lotto period.

Done

Auria

Next question…..

Q.4 May I know about your Phenix Vault and How do you convince us that our over collateral funds is safe on your vault ?

Philippe

The Phenix Vault will be a much-needed resource in the malicious, dangerous, and mysterious DeFi space we currently experience. The Phenix Vault will operate as a decentralized application and provide a wide array of services to different projects to provide a high level of security to assets and contracts. These features will range from highly customizable Token Vesting, all the way to blockchain monitoring for suspicious activity.

Done

Auria

Moving on to our last question of Twitter segment

Q.5 I would like to know about whats is the “Phenix Referral Program “ and how does this work? What are the advantages of referring $PHNX to another?

Philippe

The Phenix Referral Program (PRP), is a unique offering on the CRONOS chain that allows users and investors alike to support our community and ecosystem by referring other investors to purchase PHNX Token. Unlike other referral systems or programs in DeFi, the PRP offers high-level rewards for your effort which are ever-evolving and scaling depending on your commitment.

Done

Auria

Thank you for answer all the Twitter question. That’s so informative for our community

SEGMENT 3

Q.1 Can I exchange your tokens from anywhere in the world if you have any ideas let me know?

Philippe

Yes. You just go to out website or to the MMF DEX. You can swap phnx tokens for almost any cryptocurrency.

Q.2 At this point, do Phenix Finance think Phenix Finance needs an exchange?Or forget it and focus on other activities?

Philippe

We already have our own DEX. Goin for a CEX is not a priority now.

Q.3 How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?

Philippe

3 core team members. They all have previous experience in crypto and they are all KYCd.

Q.4 Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?

Philippe

We constatnly conduct burns. That way we mantain a healthy inflation rate.

Q.5 Does your project consider community feedback during the creation process and who is the ideal target audience for the product?

Philippe

Yes. We always listen to our communiry. Community is very important to us. If community wants a change, we act accordingly.

Auria

Alright that’s a wrap.

Thanks for joining us today

Before you go any final words to our community?