1. Project introduction

Phoenix is a Layer 1 and Layer 2 blockchain infrastructure, empowering intelligent Web3 applications, focusing on the next generation of AI & Privacy-Enabled Web3 Apps.

Phoenix is built and designed with the idea of bringing highly-intelligent, data-driven, and AI-enabled applications to the blockchain. It serves as both a computation layer to process data in a privacy-preserving manner as well as a bridge to gap on-chain protocols with off-chain data and AI models.

One of Phoenix's product is AlphaNet. It is an AI-driven, Web-3 based platform built to help retail and independent traders acquire a collection of robust tools to optimize trading edge. AlphaNet will be Phoenix’s native dApp that will leverage Phoenix Layer 2’s computation, AI, and modeling capabilities as well as Phoenix L1 blockchain. Also very importantly, AlphaNet will highly utilize PHB and CCD (Computation Credits) and have transformative value for the Phoenix token economy and serve as one of the pillars of a robust and organic growth model. Once passing initial stages and achieving a certain level of scale AlphaNet is able to have a major impact on the type of technology and tools available to crypto traders, transforming the landscape.

2. Application

(1) Staking to protect network security;

(2) Ecosystem participants rewards;

(3) Payment for AI products;

(4) Acquire Layer 2 Computation Credits (CCD);

(5) PHB used to purchase CDD will be gradually burned.