/biz/ - Business & Finance

This team also created a new method of mining crypto. You may very well be one of the first people to ever know about this...

ERC223 token (PHX) can now be mined with Proof of volatility.

>what is proof of volatility?
The supply of PHX tokens is tied directly to the Ethereum balance of the smart contract underpinning the 'EthPhoenix' decentralized application and mined using a novel, generalisable technique we refer to as proof-of-volatility.

>more details...
By owning stake in ethphonix (holding EPX tokens), you are able to mine a PHX tokens. An algorithm dictates proportional token generation according to the stake held in ethphoenix.io (proof-of-volatility).As one anon put it, "it's like Proof of stake, but instead of voting on blocks, it's more like a delegated stake - the new contract issues the new tokens based on your holding your EPX."

white paper here
>https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3140310

listed on forkdelta
>https://forkdelta.github.io/#!/trade/0x14b759a158879b133710f4059d32565b4a66140c-ETH

Already a Game that uses it called PHXhell...basically an etherhell clone
www.phxhell.com

Seeking volatility thse madmen created the crypto futures market for the project also. Now you can literally short a crypto...Separate smart contracts to be clear. Best part is that the market settles daily forever.
link
>pyrmex.com

The dapp has pots that have exceeded 5.0 eth. Futures are everyday so daily volatility is promised as users attempt to swing the market in their favor. Your betting on people to be greedy and dont think i could have made this much eth with anything else during this bear market.
Ethphoenix is in its own ecosystem feeding itself like a perpetual block chain machine. Get on the ride that never ends

pic related is current moon after mining announcement.
whales dropping 25+ eth.

the more volatile the better

Ethphoenix (EPX) is designed to reward iron hands. By holding EPX you collect dividends from other token holders buying and selling.
10% of every transaction goes to the community pot then distributed accordingly based on stake. The more coins you have, the bigger the cut.
The number one token holder now bought at the all time high with 50ETH and accumulated over 25+ eth from holding those tokens and not selling. Its only been 2 months.

>pic related

link
>ethphoenix.io

ERC223 token (PHX) can now be mined with new method.
Proof of volatility.

>what?
The supply of PHX tokens is tied directly to the Ethereum balance of the smart contract underpinning the 'EthPhoenix' decentralized application and mined using a novel, generalisable technique we refer to as proof-of-volatility.

>volatility of what?
By owning stake in ethphonix (holding EPX tokens), you are able to mine a PHX tokens. An algorithm dictates proportional token generation according to the stake held in ethphoenix.io (proof-of-volatility).
As one anon put it, "it's like PoS, but instead of voting on blocks, it's more like a delegated stake - the new contract issues the new tokens based on your holding your EPX."

white paper here
>https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3140310

listed on forkdelta
>https://forkdelta.github.io/#!/trade/0x14b759a158879b133710f4059d32565b4a66140c-ETH

>pic related
buying spike after mining feature was released.

>>8336293
>pic related