Phoenix Blockchain PricePHXInactive

What is Phoenix Blockchain (PHX)?

Phoenix Blockchain (PHX) is a cryptocurrency project that launched on 12 November 2021, positioning itself as an all-encompassing blockchain solution built for inclusivity and efficiency. The platform is designed to serve a wide range of industries through a modular architecture, allowing it to adapt to diverse use cases rather than locking users into a single function. The project states that transaction fees are kept low to reduce the cost of interacting with the chain; no fee schedule or benchmark is published in the available references.

PHX operates as a mineable coin using a Proof of Work consensus mechanism with the Ethash algorithm. It was not premined, meaning no portion of the supply was allocated to the team or early insiders before public mining began. The total supply is 7,665,027 PHX. According to CoinMarketCap registry data, the circulating supply is 0, meaning no coins are counted as circulating; the project's self-reported figure of 7,665,027 PHX has not been verified by CoinMarketCap. The project is backed by a team of over 50 collaborators and a volunteer community. It carries categories including Smart Contract Platforms, Gaming, Non-fungible Tokens, Ethash, Art, and Education.

Key Specifications & Tokenomics

• Name: Phoenix Blockchain
• Ticker / Symbol: PHX
• Launch Date: 12 November 2021 (CoinMarketCap listing date: 22 December 2021).
• Asset Type: Coin
• Consensus / Proof Type: PoW (Proof of Work)
• Mining Algorithm: Ethash
• Mineable: Yes
• Premined: No
• Total Supply: 7,665,027 PHX
• Circulating Supply: 0 (per CoinMarketCap registry data; the project's self-reported figure of 7,665,027 PHX has not been verified by CoinMarketCap)
• Max Supply: Not published
• Smart Contract Address (Ethereum): 0xcb186051DD62914B6dFc56c257823bfDA20DbEe6
• Block Explorer: phoenixplorer.com
• Official Website: https://cryptophoenix.org/phoenix/ ; https://phoenixblockchain.org/
• Categories / Tags: Smart Contract Platforms, Gaming, Non-fungible Tokens, Ethash, Art, Education
• Whitepaper: Phoenix Ignite Paper v3.0 (https://phoenixblockchain.org/wp-content/uploads/2022/10/Phoenix-Ignite-Paper-v3.0.pdf)
• Source Code: https://github.com/Phoenix-Blockchain
• Community: Discord (https://discord.gg/M5mKY7sufn), Telegram (https://t.me/Phoenix_Blockchain), Reddit (https://reddit.com/r/PhoenixBlockchain/)
• CoinMarketCap ID: 16366
• CMC Listing Date: 22 December 2021

Maximum supply: not published. The registry lists a total supply of 7,665,027 PHX and no maximum cap; because the chain is Proof of Work with no premine, new coins enter circulation only through mining rewards.

Security information: no audit report, auditor name, or bug bounty program is disclosed in the available references.

Who created Phoenix Blockchain?

The project describes itself as backed by a team of over 50 collaborators and a volunteer community; no individual founder or founding entity is named in the project's own materials. The project maintains a presence on CoinMarketCap with a claimable community badge and social links listed on its project page.

How does Phoenix Blockchain work?

Phoenix Blockchain runs on a Proof of Work consensus mechanism using the Ethash mining algorithm, the same algorithm historically associated with Ethereum mining. This means network security and transaction validation are maintained by miners who contribute computational power to solve cryptographic puzzles and add new blocks to the chain. Because the coin is mineable and was not premined, the supply enters circulation through mining rewards rather than through a pre-allocated distribution.

The platform is built with a modular design, which allows it to adapt across a wide array of use cases and industries. This modularity is central to its stated goal of being an all-encompassing blockchain solution rather than a single-purpose network. The project states that transaction fees are kept low to reduce the cost of interacting with the chain; no fee schedule or benchmark is published in the available references. The project also references an Ethereum contract address, indicating a bridge or representation of PHX on the Ethereum network alongside its native Proof of Work chain.

As of the latest available snapshot (2026-10-29), 24-hour trading volume is 0 and no market price is listed, so mining rewards currently have no observable market value.

What makes Phoenix Blockchain unique and valuable?

The primary differentiator for Phoenix Blockchain is its emphasis on low transaction fees combined with a modular architecture. The project states that transaction fees are kept low to reduce the cost of interacting with the chain; no fee schedule or benchmark is published in the available references. This creates an environment where creativity and innovation can thrive without the burden of high operational costs, which is a common barrier on more congested networks.

Another distinguishing factor is its Proof of Work and Ethash foundation combined with a no-premine launch. This gives the project a fair-launch characteristic, where all coins enter circulation through mining rather than through insider allocations. The project also spans multiple categories, including Smart Contract Platforms, Gaming, NFTs, Art, and Education, suggesting a versatile platform intended to support diverse applications rather than a narrow niche. The combination of low fees, modularity, and multi-sector reach positions PHX as an adaptable option in the competitive blockchain ecosystem.

What is Phoenix Blockchain used for?

PHX serves as the native coin of the Phoenix Blockchain network, used to pay transaction fees and interact with the chain. Because the platform is designed as a general-purpose blockchain with smart contract capabilities, PHX is positioned for use across a range of applications, including decentralized applications, NFT trading, gaming, and educational platforms.

The project's ecosystem plans include several platforms that will rely on PHX: FireSea, an NFT marketplace for creators and artists to trade and display digital assets; FireSwap, a decentralized exchange and token marketplace focused on user-friendliness and security; and FireSwag, a merchandise store intended to engage the community and strengthen brand presence. As the ecosystem develops, PHX is intended to function as the medium of exchange and value transfer across these services, supporting token trading, NFT transactions, and community commerce within the Phoenix Blockchain environment.

How Is the Phoenix Blockchain ecosystem developing?

The ecosystem remains at an early stage; FireSea, FireSwap, and FireSwag are described as forthcoming additions.

The project is tracked on CoinMarketCap, Yahoo Finance (PHX16366-USD), Forbes Digital Assets, and CoinCheckup. The project is tagged under Smart Contract Platforms, Gaming, Non-fungible Tokens, Ethash, Art, and Education on its CoinMarketCap page. Community engagement is supported through a volunteer community and a claimable community badge on CoinMarketCap.

How to mine Phoenix Blockchain?

Phoenix Blockchain uses the Ethash mining algorithm under a Proof of Work consensus, making it accessible to miners with Ethash-compatible hardware, including GPUs and ASICs designed for Ethash-based networks. Because the coin was not premined, all PHX in circulation has been generated through mining rewards. Miners contribute computational power to secure the network, validate transactions, and add new blocks, earning PHX as a reward.

To mine PHX, a miner would typically set up Ethash-compatible mining hardware, join a mining pool or configure solo mining, and point the mining software to a Phoenix Blockchain node or pool endpoint. Miners should ensure their wallet supports PHX and that they have the correct mining configuration for the Ethash algorithm. As with any Proof of Work network, profitability depends on hash rate, network difficulty, electricity costs, and the current market price of PHX. Detailed mining parameters such as block rewards and block times are not specified in the available public references.

As of the latest available snapshot (2026-10-29), 24-hour trading volume is 0 and no market price is listed, so mining rewards currently have no observable market value.

How to keep your Phoenix Blockchain Coin safe?

Keeping PHX safe begins with choosing a reputable wallet that supports the coin and, where applicable, the Ethereum-based contract address. Because PHX has a representation on Ethereum, users should verify they are using the correct network and contract address when storing or transferring tokens. Hardware wallets offer strong protection for long-term holdings by keeping private keys offline, while software wallets provide convenience for more frequent transactions.

Standard security practices apply: never share private keys or seed phrases with anyone, enable two-factor authentication where available, and double-check addresses before sending funds. Users should be cautious of phishing attempts, fake wallets, and fraudulent links that impersonate the project. Since the project is self-reported on CoinMarketCap and its circulating supply has not been independently verified, investors should conduct their own research and exercise additional caution. Keeping software up to date and using official sources for downloads further reduces the risk of compromised funds.