Phore PricePHRInactive

What is Phore (PHR)?

Phore (PHR) is a privacy-oriented cryptocurrency and blockchain platform that launched in 2017 as a rebrand of KryptKoin (KTK). Built on its own Phore blockchain, the project positions itself as a scalable, secure, and flexible platform and decentralized application ecosystem. Its core technology combines a 100% Proof of Stake (PoS) consensus mechanism based on the PoS 3.0 algorithm with the ZeroCoin Protocol, enabling both private and transparent transactions. Phore's stated vision is to facilitate decentralized commerce that is free to use and sustainable, extending beyond the core blockchain to applications and ventures built on top of the platform. The project reported no ICO or premine and was self-funded. Current supply stands at approximately 30,535,913 PHR, with circulating supply reported at 30.54M PHR across major data aggregators. Phore is listed under the payment category. CryptoSlate's Trading Activity model classifies PHR's price reliability as "Dormant" (score 0–19); this rating reflects price reliability only, not project development, legal status, reserves, or solvency.

Key Specifications & Tokenomics

• Name: Phore
• Symbol / Ticker: PHR
• Consensus Algorithm: 100% Proof of Stake (PoS 3.0)
• Privacy Technology: ZeroCoin Protocol
• Blockchain: Phore blockchain
• Category: Payment
• Launch Date: 2017-10-23
• Origin: Rebrand of KryptKoin (KTK)
• Current Supply: 30,535,913.19135259 PHR
• Circulating Supply: 30,535,913 PHR
• Total Supply: 30.54M PHR
• Max Supply: Not fixed (unlimited per CoinDesk; listed as "--" on CoinMarketCap).
• Fully Diluted Valuation: 8.56k
• Market Cap: $8,555
• Official Website: https://phore.io/
• Block Explorer: phr.tokenview.com
• Block Explorer: https://chainz.cryptoid.info/phr/
• Source Code: https://github.com/phoreproject/Phore
• CertiK Rating: 3.0 (issued by CertiK; the rating scale is not specified in the available materials and should not be read as a security guarantee).
• Whitepaper: https://www.dropbox.com/s/6uf405mdbdvs6iq/Phore%20White%20Paper%20v.1.1a.pdf?dl=0

Who created Phore?

Phore's team members have been listed via CryptoSlate and include Phroshi, Julian Meyer, Moonshot, Pamela Paige, Ramon Freriks, and Shant Kel Khatcherian. The project's executive team is located in the United States and the United Kingdom. According to the team, Phore had no ICO or premine and was self-funded with a view towards sustainability. Team and company profiles are also tracked on TokenInsight, CB Insights, Datanyze and Craft.

How does Phore work?

Phore operates on its own blockchain using a 100% Proof of Stake consensus algorithm based on PoS 3.0, which secures the network and validates transactions through staking rather than energy-intensive mining. The platform integrates the ZeroCoin Protocol to support both private and transparent transactions, giving users control over the visibility of their activity. An independent network of masternodes forms the system of self-governance, providing stability and enabling network services. Masternodes also secure the network and provide a deep level of privacy and security. The whitepaper uses an oak tree as a conceptual model: roots representing sound technology, the trunk representing self-governance through masternodes, and the crown representing the breadth of projects built on the platform. Phore coin (PHR) represents one branch on this tree, with the stated goal of global adoption. A sharding architecture is described as in development, aiming to provide transaction speeds far beyond what is available today and to serve as a platform for smart contracts and unlimited decentralized applications.

What makes Phore unique and valuable?

Phore distinguishes itself through its combination of privacy features and a broad platform vision. The whitepaper acknowledges that the market is saturated with coins offering little more than a medium of exchange, and argues that displacing large legacy coins is neither necessary nor likely without innovative technology. Instead, Phore focuses on providing a scalable, secure platform with capabilities including atomic swaps and side-chains, fast and reliable transactions, rewards for network participation, a decentralized marketplace, and an advanced smart contract platform for building dApps that can be used in conjunction with private transactions. This enables privacy-enabled business models that keep users in control of their money and personal information. According to project materials, Phore offered B2B blockchain services and a decentralized marketplace; current trading and development activity is minimal. Project materials also reference Phore Synapse Smart Contracts and Phore Labs as initiatives.

What is Phore used for?

PHR serves as the native coin of the Phore blockchain ecosystem. It is used to facilitate transactions on the network, including both private and transparent transfers. Holders can participate in the network through staking. Staking and masternode operation earn block rewards; the block reward gradually decreases over time, so returns are not fixed. The coin also underpins the platform's broader applications, including a decentralized marketplace, smart contract deployment for dApps, initial coin offerings on the Phore platform, crowdfunding fundraisers, and custom blockchain creation services. Masternode operators use PHR as part of the self-governance system that maintains network stability and services.

How Is the Phore ecosystem developing?

The Phore ecosystem has historically included a decentralized marketplace. Phore Marketplace is described in the project materials as a decentralized marketplace that is currently available. Oct 30, 2018: "Q&A with Phore Chief's" Medium article published, featuring Anthony Alleyne and Thomas discussing partnership opportunities. The platform has also offered smart contract capabilities for dApps with private transactions, ICO hosting, crowdfunding, and custom blockchain services. However, current market data indicates limited activity. Trading activity is minimal: CoinMarketCap lists 5 active markets with $0.00 in 24-hour volume, while CryptoSlate classifies trading activity as "Dormant." Blockspot lists Phore under "Discontinued Cryptocurrency Market Data." These signals suggest that while the ecosystem was once active, its current development and trading status are significantly reduced.

How to mine Phore?

Phore is listed as mineable, but its consensus is 100% Proof of Stake (PoS 3.0); rewards come from staking and masternode operation rather than proof-of-work hashing. The network operates on a 100% Proof of Stake consensus algorithm based on PoS 3.0, meaning participants secure the network and earn rewards by staking PHR coins rather than through computational mining. Staking allows holders to support transaction validation and network stability in proportion to the coins they commit. Additionally, an independent network of masternodes forms the self-governance system, and operating a masternode provides another way to participate in the network and earn rewards.

How to keep your Phore Coin safe?

To keep PHR safe, use a wallet that supports the Phore blockchain and gives you control of your private keys; download it only from the official Phore website (https://phore.io/). Always download wallets from official sources and verify the official Phore website for current wallet recommendations. Since Phore supports both private and transparent transactions, ensure you understand which mode you are using before sending coins. Back up your wallet and private keys securely, and be cautious of phishing attempts or unofficial links. For long-term storage, consider keeping the majority of your holdings in cold storage and only using a small amount for active transactions. As with any cryptocurrency, never share your private keys or seed phrases with anyone.

Phore, like any cryptocurrency, carries risks. Its price can be volatile and may be affected by market sentiment and liquidity conditions. Regulatory policies in different jurisdictions may change and affect how PHR can be used or traded. Technical risks include vulnerabilities in the blockchain or wallet software, as well as the possibility that development activity remains limited. These points are not predictions; they are factors readers should weigh independently.