Question 1

What is the current price of Phoenixcoin (PXC)?

Accepted Answer

The current price of Phoenixcoin (PXC) is £ 0.24850315. In the last 24 hours, the price has increased by +3.49%.

Question 2

What is Phoenixcoin (PXC)?

Accepted Answer

Phoenixcoin is a decentralized and open-source cryptocurrency that was launched by Phenix Crypto Systems Network Inc.. The founders of Phoenixcoin are John Carmiche (JohnCar) and Michael Burns (iamatrix). They mined the first block of Phoenixcoin on May 8th, 2013. However, the coin wasn't made available to the public until around 20,000 blocks had been mined, leading to a premine of about one million coins. Initially named Phenixcoin, its intended use was for various projects by the founding company, such as Phenix Poker or Phenix Safe Trade.

Question 3

Who are the founders of Phoenixcoin?

Accepted Answer

Phoenixcoin (PXC) was developed by Phenix Crypto Systems Network Inc., owned and operated by John Carmiche (JohnCar) and Michael Burns (iamatrix). Together they pre-mined the first 20,000 blocks of Phoenixcoin, accruing about one million coins before the currency was released to the wider public.

Question 4

What was the purpose of Phoenixcoin at the time of its creation?

Accepted Answer

When first launched, Phoenixcoin was meant to be a currency for various projects initiated by its founding company, Phenix Crypto Systems Network Inc. These projects included Phenix Poker and Phenix Safe Trade. The founders of Phoenixcoin aimed to use the coin to develop and promote joint ventures, demonstrating the real-world application of cryptocurrencies.

Question 5

What happened to the UNOCS alliance?

Accepted Answer

On July 11th, 2013, Phoenixcoin, alongside Feathercoin and Worldcoin, formed the United Open Currency Solutions (UNOCS) alliance. The alliance's objective was to drive joint development and promotion of their cryptocurrencies. However, due to poor project management and overall development after the withdrawal of Feathercoin, the alliance eventually dissolved.

Question 6

How does Phoenixcoin work?

Accepted Answer

Phoenixcoin, like many cryptocurrencies, operates on a decentralized network. This means it's distributed across a network of computers rather than being controlled by any single entity. Transactions executed in Phoenixcoin are broadcasted to the network and confirmed by other participants in the network. This approach avoids the need for a central authority and instead relies on consensus among network members.

Question 7

What is the total supply of Phoenixcoin?

Accepted Answer

The total supply of Phoenixcoin (PXC) is 93.2M, with a circulating supply of 93.2M.

Question 8

Where can I buy Phoenixcoin (PXC)?

Accepted Answer

Phoenixcoin (PXC) can be purchased on the following exchanges: Bit-Z, Cryptopia. Please remember to do your due diligence before proceeding with any transaction.

Question 9

What happened to the projects that Phoenixcoin was supposed to be used for?

Accepted Answer

The projects that Phoenixcoin was initially set to be used for, such as Phenix Poker and Phenix Safe Trade, were propagated by Phenix Crypto Systems Network Inc. However, the current status of these projects is unclear. It's crucial for potential investors to independently verify the present state of these initiatives before considering an investment in Phoenixcoin.

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