Phoenix

Phoenix (PHNIX) is a digital token issued on the XRP Ledger, a decentralized blockchain known for fast, low-cost payments. The token exists on that ledger's infrastructure, and its specific use case is not detailed in publicly available reference data. As an on-ledger token, PHNIX is recorded and transferred using XRP Ledger's consensus-based system.

PHNIX operates as an XRP Ledger-issued token. The XRP Ledger uses a unique consensus protocol, rather than proof-of-work, to validate transactions. This allows for settlement in seconds with minimal fees. As a token on this ledger, PHNIX transfers are processed by the same network of trusted validators, and balances are maintained in the ledger's integrated account system.

The provided reference does not specify a particular utility for PHNIX. In general, tokens issued on the XRP Ledger can represent value, access rights, or bespoke assets, and may be transferred peer-to-peer. Without further official documentation, the intended function of PHNIX remains undefined. Users should refer to any project announcements for accurate information.

Since PHNIX is a token on the XRP Ledger, it shares the underlying infrastructure with other assets on that network. Its distinct characteristics, such as purpose or supply, are not available in the reference data. Therefore, any differentiation would require specific project documentation, which is not currently part of the verified facts.

Phoenix is currently priced at $0.00001159, down 2.50% in the last 24 hours. It is ranked #1142 by market capitalization. Over the past 7 days, PHNIX is up 12.93%.

Phoenix has a market capitalization of $6.14M. The 24-hour trading volume is $60,905.91, reflecting the total value of PHNIX traded across all exchanges in the last day.

There are currently 530.00B PHNIX in circulation. Phoenix has a maximum supply of 589.00B PHNIX, meaning no more than this amount will ever exist.