The following information is historical data from our V2 contract. For updating information on our latest tokenomics, please view the Tokenomics (V3) page.
Phenix Finance Tokenomics Cronos
The information below is an overview of the Phenix Finance tokenomics:
Trading fees on our token go towards our ecosystem and support future developments as well as providing automatic liquidity to ensure price volatility is reduced and that the price floor continues to rise.
Buy Fees
The following fees are applied when another token is swapped in exchange for PHNX tokens
Total fee: 10%
Phenix Token Burn Allocation: 3%*
Phenix Fund Reserve (PFR): 7%
Sell Fees
The following fees are applied when PHNX token is swapped in exchange for any other token:
Total fee: 15%
Phenix Token Burn Allocation: 5.5%*
Phenix Fund Reserve (PRF): 9.5%
(* The Phenix Token Burn Allocation is sent to the burn address at the start of every month alongside a community announcement.)
Why are there trading fees?
The current trading fees in place support our growing ecosystem. The fees that you will experience will essentially go directly back into the ecosystem in the form of rewards, buy-backs, project development, and much much more! We will continue to review our trading fees as a project progresses to make entry and exit more desirable for all investors.