Phoenix Retribution (PHNX)
What is PHNX?
PHNX is a WETH-backed token on the Polygon network designed for high-volatility, swing trading opportunities. Its price increases each time one full token is minted and decreases slightly on redemptions — creating a dynamic pricing system.
Who is it for?
Traders looking to capitalize on price volatility, short-term market movements, and entry/exit timing strategies. PHNX is ideal for those who enjoy fast-paced trading with clear upward and downward price mechanics.
Key Features:
Backed by Wrapped Ethereum (WETH)
12% mint fee, 9% redeem fee
Volatile, bracketed price system
Option to convert into SPHNX at 4.5% followed by SPHNX Mint fee for long-term holding
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