We are pleased to announce our next AMA on March 31st 2021 at 11:30 AM UTC Time: Satoshi Club x PhoenixDAO
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join PhoenixDAO Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. PhoenixDAO Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about PhoenixDAO
For more details:
PhoenixDAO – @PHNXDAO
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
After the partnership with Travala, can I use the $PHNX token on the Travala site?
Phoenix, offers self-sustaining governance over the dApp ecosystem ensuring 1 person, 1 vote, but what are the steps to follow and the requirements I must meet as a user to be able to participate in Phoenix protocols and contribute to the global adoption of your ecosystem?
When creating an identity for use within the Phoenix ecosystem, each user is minted a globally unique Ethereum Identification Number (EIN), or in this case a PHNX-ID. How many Eth addresses can I link afterwards, do I have to be PHNX-ID holders? Would the merkle hash be linked to the PHNX-ID as well?
Notably, the nature of a user’s self-reported data is arbitrary, Phoenix Identity enables standards to drive data certification in a fundamentally decentralized way. Because entities that look at a user’s self-declared data will not derive value from this data without third-party certifications, users will find value in connecting with the data structures that allow third-party certification. Does Phoenix Identity offer free transit ecosystem of third-party attestations under any set of standards? Are these attestations valid for both institutional and natural users?
The on-chain merkle hash would be linked to a user’s PHNX-ID because no one can impersonate a validator without access to their private keys, business entities can chain validations into any relevant business logic by querying the PHNX-ID of an user. Why is the initial claim time-stamped if they already implement the Hash merkle? Are programmatic transfers for businesses only? Under what scheme are these transactions operated?
A hypothetical implementation to preserve privacy is as follows: once validation occurs off-chain, a merkle hash in chain would be linked to a user’s PHNX-ID because no one can impersonate a validator without access to its private keys. Can business merchants chain validate any relevant logic by querying a user’s PHNX-ID?
An application prescribes a meaning to a user based on the data associated with their PHNX-ID. While standard and immutable data is native to an identity built on top of Phoeni, the identity protocol can help a user establish a secure and global standard for identity information. What anti-tracing methods does Phoenix Identity allow? How many resolutions does the platform support and under what standards?
The identity protocol can help a user establish a global and secure standard for identity information, Phoenix Identity allows users to link an unlimited range of metadata to their identities by setting third-party dApps as resolvers. Does a third party act as a certain attribute in a user’s PHNX-ID? How is the transmission of metadata carried out in the case of the company?
To avoid creating fake accounts, an application could implement a system that links a user’s PHNX-ID to an account in the application. What social profile do I have to meet to be a verified user?
Since resolvers encode data about a user, a company can programmatically incorporate this data to drive business logic on its platform to improve the user experience on its platform or to provide users with certain permissions. Requirements for third party validations of this data could be coded as part of business logic. If an application recognized a certain aggregate identity standard processed through Phoenix Identity, it could prescribe the meaning of the Resolver data that best suits its needs.
The resolvers establish basic user data. Acquiring validations from reputable sources improves the integrity of a user’s resolution data that can be trusted by companies, governments, or decentralized applications that query for any relevant identity information. This would work as a kind of gateway. What is the margin of error that a scheduled transfer can throw up? Other than programmatic assignments and events, what other function has this feature?
The PHNX token is not only intended to be a gateway to the ecosystem of Resolvers built on top of PHNX but also a centerpiece for convenient scheduling of token transfers between users and resolvers. Through PHNX-ID, users can configure specific assignments for resolvers to retire PHNX. Who is in charge of establishing withdrawal limits for the use of resolvers? Apart from speeding up the replication of models, what other function does it fulfill?
The ERC 1484 identity record stores addresses, resolvers, and providers for a given identity. The smart identity contract acts as a complex provider built on top of this registry. Can it be the case that between the coined identities there is a double identity, that is, 2 accounts verified by the same person?
Allocations allow dApps to programmatically withdraw funds from users, events are triggered rather than requiring user-initiated transactions each time. This significantly simplifies the user experience. For what purpose are so many “major bridges” important entities implemented in Phoenix Identity implementations”? We know that customer security is very important in this environment, but don’t you think that among so many bridges one might fail? possibility of a bridge failure?
While validators attach validations to a PHNX-ID, users set resolvers themselves. The resolvers are dApps that contain identification data about a user. Will the resolvers only operate under the Eth chain? I understand that they also apply an intuitive and secure model for user-dApp interaction, called gateways. Can you explain what is the process for an opening and closing of gateways to be executed?
Currently they are managed through third-party financial entities. Phoenix Identity’s flexibility with programmatic token transfers allows companies to code an arbitrary set of criteria in their business logic for recurring processes. Detail what this arbitrary set consists of and what packages were with it? What are the advantages of allocation-based structure over direct token transfer functionality?
Users mint EIN ERC 1484 through the Phoenix Identity protocol to represent their Identities. They attach data to your PHNX-ID and set resolvers to link any metadata form to your base PHNX-ID. Is PHNX-ID just for minting identities or does it present other functions within the project? What information do I have to provide to make myself a verifiable identity through the Phoenix platform?
You are giving good APY to stakers. But what is staking PHNX tokens on the your dapp bringing to the ecosystem? Is it allowing Phoenix to mint new tokens using the staked tokens or is it for building a proof of stake consensus?
Identity is important because it allows us to appreciate and respect the individuality of each investor, studying your project I noticed something novel and uncharacteristic, that Client Phoenix Authentication operates without personal data leaving the device, could you explain a little about this and what personal data is exactly needed to complete a transaction?
The versatility that Phoenix manages to present itself as an open framework, for the participation of anyone and its ability to receive applications from around the world, is certainly very ambitious and interesting, showing a high variety of Apps created in Phoenix, have not been considered to incorporate as a payment method centralized economies? or prefer to keep purely DEFI?
PhoenixDAO already launching mainnet few days ago, can you share what feature user possible to try in your mainnet? After launching mainnet, what plan PhoenixDao will develop in your platform and what are your highlight for 2021?
While I was looking at your website one thing that caught my attention at the end of it was this little section of “Become a Member” where it says we can be Ambassadors or Contributors, but I couldn’t find any information about this two titles. Can you tell us more about it and what are the differences between each other? What are this names entitled to? What role will users have on this two categories and what are the requirements do you ask if we want to be either an Ambassador or a Contributor?
The best marketing strategy is to spread the word of your qualities throughout the world with people you trust who can attest to your project, you currently have only one ambassador (at least published on your website) and he is from the UK, what qualities are you looking for your ambassadors and from what part of the world to complete your team?
You are using smart contracts to facilitate payments without a 3rd party escrow service, but what’s the real scope of your payment methods? Is there a credit card plan or any connection with the fiat payment methods?
Currently PhoenixDAO using ETH blockchain and we know the big problem cause by this blockchain is fees. Do you have plan to change the chain? Or maybe you will going for multi chain? Could you share with us your plan?
Can you tell us more about your roadmap and the goals you’ve set for PhoenixDao for this year? I couldn’t read it quite well because of how small it looks on your website, so at what stage of it are you right now? Are things going as planned or because of COVID-19 some plans had to suffer a little delay? Also, I noticed that some goals are connected to eachother out of your linear pipeline, can you explain us this connection a little bit more?
I read that the newest partnership you announced was with Polygon, previously Matic Network, you will be launching $PHNX and the Events Marketplace on their PoS chain and have plans on doing so this early Q2. Can you tell us more about this plan and about this Events Marketplace? Why did you pick Polygon as the right partner to reach this goal? And what other advantages will PhoenixDao and it’s community get from this partnership?
PhoenixDAO has a feature that allows the user to create digital identities, for that purpose, do you need personal information? Which data is required, how is it stored, and what are the uses of this digital ID?
Google authenticator is the most largely known authenticator, the easiest to use and therefore most adopted… what improvements are part of the Phoenix Authentication Blockchain based two-factor authentication when comparing to them, in order to be competitive and what are your strategies to reach such a big community?
What are the uses of your token in the PhoenixDAO ecosystem? Where can we buy it or earn it, is it mandatory to be a holder if we want to use the services of the platform?
What makes PhoenixDAO competitively better than other DAOs? In this growing space there is much place to be left behind, what keeps PhoenixDAO up to date and will do so in the long term?
As a DAO, How decentralized is the platform of PhoenixDAO, specifically, what is the amount of power given to the community to execute governance and drive the development of the project?
On the website there is a program for ambassadors, is it open to the Latino community? what are the requirements to apply?
I was struck by your standards for DAO, one of the standards is that users by participating in governance can earn PHNX. If I’m not mistaken this is a unique feature of Phoenix DAO, can you tell us a bit about this advantage? Do you simply need to vote on project decisions to win PHNX? Are there any requirements?
On the PhoenixDAO Medium you say that a central part of PhoenixDAO’s strategy is to actively engage both individual developers and enterprise-level corporations to build using the protocols to power their products. Do you have news about this? Do you have plans with companies or corporations for this year or next?
On January 25th, you released Version 0.5 (beta test) of the PhoenixDAO Event Marketplace. Can you explain what this dApp consists of? Have you already released the full version? Has it done its job?
As I browse in your twitter,I am intrigued with one of your post which is “You’ve been asking #PHNXwhenLambo and the answer is, right now!Your chance to win your own signature $PHNX #Lamborghini is here”. So,for investors and Phoenix Dao supporter,can you literally tell us how to win our own signature Lamborghini with Phoenix Dao? Do you have any promotional or giveaway event that is connected with this post in your twitter account? If yes,can you tell us more about it and how to participate and to be eligible? Thank you
In 2018 the Hydro project was created an open source proposal that promised to be truly decentralized, Hydrogen’s initial plan included an HCDP program that paid developers in tokens to build on Hydro’s protocols and create a digital app store driven by digital identity, with a decentralized ambassador program to oversee it. However, on that occasion some obstacles arose that impeded the advance of the project. In what way has PhoenixDao corrected those mistakes that were initially made and what kind of benefits is it offering to developers to bet on the sustainability of the project and a better distribution of the tokens?
What is the process that a developer must follow, so that a DApps proposal can be accepted and voted to be added to the store?
Users in general are more interested in convenient, secure and reliable access to services, rather than being “identified” as such. What benefits does Client Phoenix Authentication offer, for login and transaction approval time?
In your Medium article ,I read about the community relaunch of Hydro Ecosystem into Phoenix DAO to bring true decentralization. So aside from this reason,can you tell us more grounds and basis of relaunching and changing of name from Hydro Ecosystem to Phoenix Dao? As you change the name into Phoenix Dao,how does true decentralization being committed and achieved? What are the positive impacts that Phoenix Dao name brings to the entire platform’s ecosystem ,to community and to your investors? Thank you
We all know marketplaces that offer a wide range of physical goods. It’s hard for me to imagine what an event marketplace is. Explain for what purpose PHNX Event Marketplace is being created. Who may be interested in this from a commercial point of view and what segments of the population is targeted by the app in terms of using the proposed services
According to the CMC your current position is the 1173 thing that you have improved since you started since you were in the top 2400 now to continue improving your position and marketing in the market which options and objectives do you have in mind to reach more users exponentially thus achieving a better performance and perhaps in the future be one of the best dApps, so according to your roadmap I see that in Q3 you plan to improve ▪️dApp Store Development – Ongoing and for Q4: add▪️NFT MarketPlace – Beta Testing and Soft Launch these new updates, how will it be, what changes come in the dApp Store and with the NFTs that you plan to do through this dApps?
PhoenixDAO has an interesting staking formula as its example says:
Spot Interest:
20% APR (365 days) – paid instantly
•Stake Limit:
No limit per address
Limited to 20,000 phnx per txn
•Stake Period:
1-365 days
Can you explain how the calculation of interest over time works, since it has a basis of 365-300-200 days and the rate changes according to the duration, here we can make a compound balance? What is the protection on impermanent loss or is it a risk-free staking in the dApps?
PhoenixDAO is a project that had been on Defi for a while, so can you explain us what was your biggest goal currently? Also how many places your token are able to be found?
The Tokenization model of Phoenixdao allow to use any PHYSICAL or Digital asset, but Which kind of PHYSICAL assets are supported? There exist a limit or standard?
According to a Medium article, it says that “the community relaunched the Hydro ecosystem as PhoenixDAO to bring true decentralization.” I understand that The Hydrogen Technology Corporation created Hydro in 2018 as an open source project and a core component of their Molecule Platform and NOW is rising from the flames PhoenixDAO. Why to relaunched a new project? What are those features in the true decentralization that PhoenixDAO aim to solve that Hydro couldn’t?
I realized that in the section of “Ambassadors” of your website only is one person from United Kingdom. If i introduce my data to become a member as ambassador, what is the possibility i get the place? What are the task must they to do in your platform? Can i apply from any country in the world or do you plan to focus in specifics areas?
The PhoenixDAO team isn’t new in the DeFi Web 3.0 ecosystem since The Hydrogen Technology Corporation was created back in 2018 in order to create a digital identity-driven dApp Store, later it becomed Phoenix DAO foundation created by Hydro community members with new and fresh ideas to improve the initial purpose, can you tell us what have changed, what’s new and what did you decided to keep from the old project? Where did Hydro and its community go?
Recently more and more projects are starting to use the second layer solution polygon, so considering that you’re one of them can you tell what is your personal experience with it? Which real solutions brings to you?
PhoenixDAO Event calls one of its differences that the user is the sole owner of his identity and assets. Tell us how technically this is possible and how the user is identified on the platform.
With PhoenixDAOs Client Phoenix Authentication, the user’s secrets never leave their device. What is the process of retieving the authentication code if ever the users device is lost or damaged ,beyond repair? Is it just like the google authentication code with private keys or QR code?
engines that facilitate the payment and control of daily services? This performance engine designed for mobility as a service, could it be implemented in other services used daily? If so, do you plan to expand to develop an ecosystem of performance
Do you think the creativity that the phoenix designers have presented and the presentation to the media is enough to reach the community?
What goals do you intend to achieve by integrating the developers of the dApp and those of the DAO blockchain community?
Phoenix uses 2 security factors to start the section based on blockchain, such as Defi applications and digital identity; do you think these factors are enough to guarantee 100% security in transactions?
The PhoenixDAO Events Marketplace is a dApp powered by Ethereum Blockchain that is well-known for having all time high gas fees. Why have you chosen Ethereum blockchain knowing this? Do other blockchains cannot perform functions that your marketplace offer or simply because of ETHs large community?
Your PhoenixDAO Events Marketplace is a dApp that allows people to create events and sell tickets online. So what does it mean by “with the option to make an event, paid or free”? Also what kind of ticket is created on this service and in order to create events or purchase tickets, is there any specific wallet required?
I’ve read that the integration of Blockchain in the events industry is becoming a prominent synergy. So how does the events dApp by PhoenixDAO help this synergy become mainstream? Also may we know how to create events in your PhoenixDAO Events Marketplace and what kinds of events are these?
What makes PhoenixDAO different is the inclusion of it’s digital identities. So how will this digital identity system facilitating a truly digitized environment for any application that built on the PhoenixDAO platform?
With the covid19 pandemic still ongoing, what kinds of events do PhoenixDAO Events Marketplace can offer to the consumers? Do you have refund options when buying tickets in your marketplace?
Good day i did like to know how your proof of ID is coming along, does it make system extra secure or you are just trying to know your customers the more. If it is the latter i did like to know how user’s privacy information are safe from a cyber security point of view.
Does your keeping budget or creating a ledger as said in your proposed new standards requires user’s transparency or is it available to the user also to check how budgets is being spent and how do the users check it? Because i have checked about and can’t find it.
I am an African and i did like to know if the dApps store can profit me with my knowledge and also if it is available to me?
Hey good day, basically i have not heard of a project being powered by erc 1484, but you are the first i am hearing of. Please i do like to know
the main reason you use this token system? Thanks
I made a lot of research on where to stake my PHNX but all to no avail, i did like to know where and how many APY i did receive when i stake my PHNX?
When are some of your events coming through and how can we attend or purchase some event tickets?
Direct me to your whitepaper because it is not available in your website interface and i used all night looking for it.
I think in the roadmap i read that the new website should be redesigned and also launched today, what are new design with interfaces to expect ? Also i think that the whitpaper should be added also to the website as part be relaunching.
Are you giving people lambo or you are trying to partnership with lambo because i did like to tell my gals more about hoes they can acquire lambo with PHNX
Phoenix uses smart contracts to facilitate payments without a 3rd party escrow service. Will you have your own POS to process fiat transactions? Will users be able to convert crypto to fiat and withdraw it using your service? Thank you!
Token distribution plans 40% dedicated to community airdrop, community will be very grateful, this looks very generous! How can we participate in this activity, what are the conditions to be eligible? I am sure all the satoshi clubbers would like to join PhoenixDAO, Thank you!
Phoneix Events Marketplace will allow event attendees to secure tickets with crypto and verify authenticity of peer to peer ticket transfers via Phoenix Identity protocol. Will the tickets be NFT wrapped to assure their authenticity and how do you plan to work around the inconsistency in Ethereum message signing? Thank you!
What does the DAO contribute to PHNX holders, users, and token?
What are your goals at BSC and ETH network?
I saw that you are partners with Numio, What are the things Numio can contribute to PhnxDAO?
I think $ PHNX token will become a one of important part in PhoenixDAO ecosystem, could you give us an explanation of the token utility, how this token will interest us or investor?