Phi aims to unlock the social and financial benefits inherent in your onchain identity, enhancing your presence within the decentralized internet. So what is Phi? Let’s dive into this article.
What is Phi?
Phi is an open credentialing protocol that allows users to create, visualize, and promote their onchain identities. It encourages people to index blockchain transaction data as onchain credential blocks, curate it, host the verification process, and create onchain credential content.
Users can create credential content in the form that suits them best, including through NFTs (images, photos, GIFs, movies, music, attestation, reputation score and others).
Key Features of Phi
Phi Broad
Phi Board is your dynamic, interactive space to curate and display your onchain identity. Inspired by Figma, but built for Web3, Phi Board makes showcasing credentials, social engagements, and more easy and fun. Phi Board is where you can create your onchain profile using Cred NFTs on phi.box.
You can already collect Credentials (Cred NFTs) on phi.box for your favourite onchain brands like Base, Aerodrome, JokeRace, Morpho, Zora, Highlight and 40+ more brands. Now you can showcase your onchain journey on Phi Board.
With Phi Board you can choose which Cred NFTs to showcase, how you want to showcase it with unique backdrops, backgrounds, and a fully creative canvas.
Phi Land
Phi is a casual metaverse that visualizes onchain activities on ENS in a visually captivating format. It allows you to build your own “city” with the materials of the “certificates” you have participated in on-chain activities. Phi Land will be the section that helps you assemble what you have collected together.
Phi Protocol
Phi Protocol incentivizes individuals to index the blockchain to curate and create credentials.
Cred, short for Credential, is a fundamental concept in the Phi Protocol ecosystem. It's an innovative approach to representing and verifying user identity and achievements in the Web3 space.
In Phi, a Cred is defined as an NFT (Non-Fungible Token) used to illustrate a user's identity. These digital credentials serve as verifiable proof of a user's actions, achievements, or status within various blockchain ecosystems.
Phi latest update
Recently, Phi announced that they will officially launch $PHI. It will enable everyone to build a verifiable and expressive digital presence from their onchain activity, transforming raw transactions into reputation, credibility, and social capital.
The first retroactive airdrop is planned to distribute 3.2% of the total 9.2%. The snapshot has not yet been taken and is scheduled for next week, right before the TGE.
$PHI Information
$PHI Key Metrics
Here is the information of $PHI
- Token Name: Phi
- Ticker: $PHI
- Token Type: TBA
- Total Supply: 1B $PHI
- Contract address (CA): TBA
$PHI Use Case
Currently, Phi has not announced any official use case of $PHI token for the project. Whales Market will update immediately when the official Phi website announces.
$PHI Listing
Here are important details revealed to $PHI:
- Listing time: October 10th at 12:00pm UTC
- Confirmed CEX Listings: No CEXs listing, only Aerodrome on Base
- Pre-market Price (Whales Market): TBA
Phi Tokenomics & Roadmap
Tokenomics
- Total Supply: 1B $PHI
- Token Allocation:
- Core Contributors: 18%
- Backers: 13.6%
- Liquidity: 5%
- Retroactive Airdrop (over 3 years): 9.2%
- Community Incentives (over 3 years): 12.8%
- Treasury: 41.4%
Roadmap
Currently, Phi has not announced any official roadmap for the project. Whales Market will update immediately when the official Phi website announces.
Phi Team & Fundraising
Team
Here’s the core team of Phi:
- Shugo Tsuji: CEO
- Zak: CTO
- Consome: Co-founder
Fundraising
Phi has raised a total of $2M in the funding round, led by Neoclassic Capital.
Conclusion
Phi is building a bridge between identity, creativity, and reputation in Web3. By transforming raw onchain data into verifiable credentials, Phi empowers users to express who they are not through words, but through actions recorded on-chain.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
1. What is the native token of Phi?
The native token of Phi is $PHI, used to facilitate coordination across the ecosystem.
2. What is Phi ($PHI) pre-market price?
Currently, $PHI is trading at $0.05 on Whales Market. Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, trustless and on-chain.
3. What is the price of Phi ($PHI) today?
While Phi ($PHI) hasn't been listed yet, users can trade $PHI pre-market on Whales Market before the TGE.
4. How much has Phi ($PHI) raised?
According to CryptoRank, Phi successfully raised $2M in the funding round, led by Neoclassic Capital.
5. What is $PHI allocation?
$PHI allocation is structured as follows: 18% for Core Contributors, 13.6% for Backers, 5% for Liquidity, 9.2% for the Retroactive Airdrop, 12.8% for Community Incentives, and 41.4% for the Treasury.