As we are seeing the return of the Crypto bull market with Bitcoin and Ethereum making explosive moves, the ride for altcoins will be even crazier! Finding the right micro-cap hidden gems is crucial for maximizing your returns with an impending "alt season" fast approaching. One project that must be on your radar is PhoenixDAO $PHNX. Having read this article, you will understand why this project with a $3mil market-cap is extremely undervalued and why you can expect massive moves in the coming weeks. 

What is PhoenixDAO: 

The core focus of PhoenixDAO is as to their slogan “digital identity reborn!” the use of digital identity and authentication protocols to power the next generation of DeFi applications. Not only does PhoenixDAO consist of cutting edge DeFi Layer 2 (L2) protocols, but the project also hosts a suite of market-ready products. These products include: Event NFT Ticketing Marketplace, BSC Bridge, DAO, Staking v1 (20% APR) & v2 (liquidity farming) dApp, dApp Store & NFT’s.

Through impressive protocols and products, PhoenixDAO has secured key strategic partnerships with Polygon, Travala, Numio, Ferrum Network, Secure Pad and E-Money to be used in their upcoming applications, resulting in added $PHNX token usage. Many more partnerships still to be announced.

Where to buy PHNX:

PHNX is now listed primarily on Uniswap and Kucoin:

Uniswap: https://app.uniswap.org/#/swap?inputCurrency=0x38a2fdc11f526ddd5a607c1f251c065f40fbf2f7

Kucoin: https://trade.kucoin.com/PHNX-USDT

PhoenixDAO Products: 

One of the most exciting things about PhoenixDAO is how big the PHNX ecosystem truly is.

1. First of a kind product - NFT Minted per KYC User. KYC Once Only!

Partnering with Numio and Secure Pad, PhoenixDAO has developed a first of its kind KYC NFT product. PhoenixDAO will mint a NFT Token ID# on the Polygon Network once a user has KYC'd on Numio. This is an especially important tool to have for IDO Launch Pads to only require users to KYC once and have access to unlimited IDO's via the minted KYC NFT for projects that require it.

2. PhoenixDAO Event NFT Ticket Marketplace

A decentralized ticketing platform where anyone can add an event. Think of a decentralized EventBrite/Ticketmaster that accepts cryptocurrencies and fiat payments in the form of NFT's.

- The PhoenixDAO Events Marketplace uses $PHNX tokens to buy and sell event tickets.

- Events can be virtual or on-location.

- Events can be assigned categories we are all familiar with.

- Event tickets are ERC-721 NFT's, allowing users to transfer, send to others, and buy for a family member or friend.

- Event creators have a dashboard for metrics and their sell data.

- The Marketplace is decentralized using powerful and familiar blockchain integrations.

Version 2 of the Events dApp is launching in August:

• Polygon (Matic) integration. Buy your tickets virtually feeless 
• Affiliate Partnership with Travala (AVA). Host an event and use Travala to book your flights and hotels for the event. The team has confirmed as part of the ongoing partnership, the conversations of potentially listing PHNX as a payment option on the Travala platform has been discussed. 
• The team has highlighted their focus on securing and onboarding more partnerships for the Events dApp. Using current partnership contacts to leverage their global reach. Music Artists, Sporting Events, Conferences, Workshops etc
• Visa/Mastercard card payments to purchase PHNX
• Also to include listing of other assets to purchase tickets

• PhoenixDAO Marketing Manager, Craig Snowball has a large number of relevant connections in the travel industry (check LinkedIn connections) previously working for a global leader in Corporate Travel & Events, Hogg Robinson Group, acquired by Amex.

3. DAO, Staking And Liquidity Farming

The DAO has recently been released. Users who vote or make a proposal are required to stake PHNX.

Version 1 of the PhoenixDAO Staking dApp has currently 8.1 million out of 61 million circulating PHNX locked in Staking. Users who stake can receive an instant 20% APR reward. 

Version 2 of the Staking dApp is going live in August and will involve liquidity farming. This new feature allows users who are contributing the the Uniswap PHNX:ETH liquidity pool to then stake their UNI LP tokens on the platform to receive interest. Reward % will be confirmed once the platform is ready to go live

4. Numio

Built using the PhoenixDAO Identity and L2 protocols, Numio is bringing mainstream crypto adoption with the tech and infrastructure needed to reach the unbanked. Unbanked merchant pilots in the US (testing has already begun with Cannabis dispensaries, a $17bil market) and Africa will be launching after Numio releases their products Numio Pay and Numio Vault. Numio will allow unbanked individuals to deposit funds into their accounts via sponsored crypto ATMs and pay for items at the register with Numio Pay. Numio Vault will allow banked and unbanked merchants to accept these funds and payout suppliers or employees using local stable coins.

Fees are a deal-breaker in crypto transactions, so the Numio team have incorporated the Layer 2 scaling solution, zkRollups so that you pay less and your payments are settled instantly.

Numio were the first mobile application to incorporate L2 zkrollups for p2p transfers. Having recently secured a funding round of $1.25million USD, Numio are very close to releasing mobile L2 DEX trading, swap, pooling, lending and borrowing. The application also includes 2FA and KYC.  

The PHNX token has been added to the Numio apps, Numio & Vault, both as a means of payment and as a utility. The payment option is self-explanatory and the utility option works as follows.

• Users transferring PHNX will be eligible for ‘cashback’ rewards.
• Every verified identity that is created on the Numio app will see PHNX being staked.
• There will be incentives to send PHNX as part of ongoing Numio Pay Day promotions.
• Point of Sales (PoS) fee discounts for using PHNX.
• Numio will convert 10% of KYC revenue into PHNX and stake this in the PHNX staking dApp for the 365 staking period.
• The 20% instant staking rewards will go to the PhoenixDAO community who can then vote on what to do with them. This includes voting to token burns.
• Numio Authenticator will be used to access DAO software and in DAO voting identity verification.

To learn more about PhoenixDAO (PHNX) and Numio:

www.phoenixdao.io

www.numio.one

Telegram: https://t.me/phnxdao

Disclaimer: Article based on independent research, without the input and influence of the PhoenixDAO & Numio teams.