What is your next 100x gainer? PHTR is mine.. ๐ค๐ค
The
@phuture_finance v2.0 whitepaper shows me enough to know they can melt faces & capture a large chunk of a multi-trillion dollar market๐ฅ
TLDR on Phuture ๐:
Opportunity: Mass adoption means Global TVL in indexes should go from 0.3% > 90% of the crypto market
Launched in 2021 - Over 2 years old, Phuture was started by ex-VC entrepreneurs. Completed two Seed and IDO rounds
Decentralized - Who are you? Doesn't matter, it's all decentralized. Permission-less trading cross-chain.
Creates tradable indices - A basket of top assets in a single ERC20 token wrapper. No limit to number of indices that can be created - moves with demand and seasonal trends.
Automated rebalancing - Each Index can have it's own balancing strategy and every month the portfolio of assets is rebalanced according to strategy e.g. mcap.
Home chain trading - Trade Index tokens getting exposure to other chain assets (e.g. AVAX, BSC, Polygon) from the comfort of a home chain e.g. ETH
Automatic Compound yield - Index tokens have assets that are placed in yield bearing environment, automatically compounding gains into your erc20. if you exit, you take your pro-rata share of any re-invested yield.
Deep liquidity - Sourcing liquidity from a variety of providers meaning you can mint or burn $1k or $100k with minimal impact on underlying Index price
No lock-ups - Enter and exit whenever you want gaining exposure to top assets across chain
Competition - Less than 5 credible competitors, each with IMO technologically inferior offerings
DAO Voting - PHTR token will be used for voting for all strategic spend of protocol earnings. The more you own, the more you control the allocation of protocol spend
Staking - Currently gain 4% APY by staking your PHTR token
Some stats:
Token max-cap: 100m
Circulating: 41.6m
Dune dahsboard:
dune.com/OliverMehr/Phuture-โฆ