Embedded Files
The Phoenix Foundation is a decentralized autonomous organization (DAO) and community-driven initiative that supports and fosters the development and growth of The Phoenix Project within the Flare Network and the Songbird Network. It serves as a guiding force behind the project, providing resources, governance, and strategic direction to ensure its success in both networks.
The foundation's primary objective is to advance the principles and goals of The Phoenix Project, which include addressing inflation challenges, promoting price stability, and creating a sustainable token economy within both the Flare Network and the Songbird Network. It collaborates with developers, contributors, and stakeholders within the ecosystems of both networks to drive innovation, facilitate community engagement, and provide the necessary infrastructure for the project's implementation.
As a decentralized entity, The Phoenix Foundation encourages active participation and contributions from the communities of both the Flare Network and the Songbird Network. It promotes transparency, accountability, and open governance, allowing community members to have a voice in decision-making processes. Through collective efforts and shared vision, The Phoenix Foundation aims to shape the future of both networks and foster their long-term success.
The foundation also plays a vital role in supporting the technical aspects of The Phoenix Project. It oversees the development and deployment of the smart contracts and infrastructure required for the burning and minting processes, ensuring their security, efficiency, and compliance with industry standards in both networks.
Overall, The Phoenix Foundation acts as a catalyst and facilitator for the advancement of The Phoenix Project within both the Flare Network and the Songbird Network. It brings together diverse communities of creators & developers, encourages collaboration, and provides the necessary resources and support to propel the project forward in both networks.
The Phoenix Project - Founder's Edition NFT Series
The Phoenix Project - Founder's Edition NFT Series
The Phoenix Project - Founders Edition NFT Series is a collection of 1,000 ERC-1155 NFTs that grants unique privileges to the holders. By owning one of these NFTs, individuals gain the ability to become a founding member of The Phoenix Project, and may take part in the matters of governance that pertain to The Phoenix Foundation.
As @Founder of The Phoenix Project Discord community, as well as The Phoenix Foundation, a Founder has the ability to link their credentials (and/or project) to The Phoenix Foundation. This role provides exclusive access to the #the-phoenix-foundation channel, where Founders actively participate in discussions and contribute their insights on matters related to The Phoenix Project's direction. The aim is to decentralize the project's governance and ensure community involvement in decision-making processes.
Furthermore, the funds collected from the minting of The Phoenix Project - Founders Edition NFTs play a vital role in supporting the project's initiatives. The proceeds contribute to the Community Initiative Pool, which serves multiple purposes. Firstly, it maintains the perpetual burning of FLR (Flare Network's native token) and SGB (Songbird Network's native token), reducing their circulating supplies and potentially increasing their value over time. Secondly, it regularly injects liquidity into the sPHX/WSGB (Songbird Phoenix Token/Wrapped Songbird) and PHX/FLR (The Phoenix Token/Wrapped Flare) token pairs on BlazeSwap, a leading decentralized exchange built on Flare Network & Songbird Network.
All FLR recieved from the sales of The Phoenix Project - Founders Edition NFT Series will be retained by the Community Incentive Pool, wrapped as WFLR, based upon the distribution allocations identified below, until the end of the FlareDrop Distribution in 2026.
The FlareDrops and Delegation rewards accumulated by the Community Initiative Pool are allocated as follows:
40% of the rewards are retained within the pool to compound and grow the overall amount of FlareDrops and Delegation rewards.
20% of the FLR rewards are injected into the PHX/WFLR liquidity pool on BlazeSwap. Half of this amount is injected directly into the PHX/WFLR LP on BlazeSwap, and the other half is burnt by The Phoenix Token smart contract, minting an equal amount of PHX, and is also directly injected into the PHX/WFLR LP on BlazeSwap. This incentivizes and rewards PHX/WFLR liquidity providers while facilitating the perpetual burning of FLR.
20% of the FLR rewards are converted into SGB and injected into the sPHX/WSGB liquidity pool on BlazeSwap. Half of this amount is injected directly into the sPHX/WSGB LP on BlazeSwap, and the other half is burnt by The Phoenix Token smart contract, minting an equal amount of sPHX, and is also directly injected into the sPHX/WSGB LP on BlazeSwap. This rewards sPHX/WSGB liquidity providers and supports the continuous burning of SGB.
10% of the FLR rewards are used to facilitate a routine function of The Phoenix Foundation, which is known as a "Buy & Burn." On a monthly basis, assets that exist on the Songbird Network & the Flare network are voted on by the holders of "The Phoenix Project - Founder's Edition" NFT. The asset with the most votes from the Founders of The Phoenix Foundation will be purchased by The Phoenix Foundation, utilizing this allocation to do so, and then will be subsequently burned. These newly aquired tokens are sent to either The Songbird Phoenix contract address, or The Phoenix Token contract address (dependent on which chain the asset lives on; Songbird or Flare), effectively burning them. This "Buy & Burn" feature provides potential deflationary pressure for ERC-20 tokens that exist on the Songbird Network, and Flare Network, which are open to be voted on by the holders of "The Phoenix Project - Founder's Edition" NFT
10% of the FlareDrops and Delegation rewards are retained by The Phoenix Project, to support future application development using PHX & sPHX, the health of the ecosystem, and contribute to the ongoing growth of Flare Network, Songbird Network, and The Phoenix Foundation.
Upon the conclusion of the FlareDrops Distribution in 2026, all the liquidity held within the Community Initiative Pool will be redistributed to holders of sPHX/PHX tokens and "The Phoenix Project - Founders Edition" NFTs, based on the specified allocation percentages mentioned above, ensuring that participants who have supported the project are rewarded accordingly.
The Phoenix Foundation - Founding Organizations
The Phoenix Foundation - Founding Organizations
The Phoenix Project
The Phoenix Project
Creator of The Phoenix Project, The Phoenix Token, and The Phoenix Foundation; indigo.flr is a community developer who has been a part of the Songbird Network & Flare Network since inception.
The Phoenix Project, The Phoenix Foundation, and The Phoenix Token, were developed by indigo.flr as a method of providing open source deflationary mechanics to the community, as well as offering open & inclusive governance mechanics for The Phoenix Foundation & The Phoenix Token
Astral Credits
Astral Credits
Astral Credits is a community-driven cryptocurrency project developing decentralized applications on the Songbird Network, built upon sound money principles. XAC can be earned for free by members of the Songbird Community by interacting with the Astral Credits Faucet, within the Astral Credits Discord.
Please visit the Astral Credits webpage for information about XAC, and how it is distributed freely & fairly:
BlueBirdX
BlueBirdX
BlueBirdx aims to revolutionize the monetization of content creation, Web3 integration to social media, and self custody solutions.
A pioneer of Proof of Exchange mining, BlueBirdX allows members of the Songbird Network & Flare Network Community to earn residual rewards on their transactions, by using their decentralized applications.
FloorSweeper
FloorSweeper
FloorSweeper, is a collaborative NFT project developed by a multi-disciplinary team, that lives on both Flare Network & Songbird network, and was created by traders for traders!
If you would like to know more about FloorSweeper, and how you can participate, please visit the FloorSweeper Discord, using the following link below:
Crypto Sax
Crypto Sax
The Crypto Sax <> The Phoenix Project Collection is a Web3 mix of metaverse utility, real-world use case and an appreciation of digital art and music. Please see the CryptoSax.io website, Discord, and other social media like X, for more information on current utility, use case & future collaborations.
The Phoenix Foundation - Founders
The Phoenix Foundation - Founders
This section will be frequently updated with the names of individuals who have applied to have their credentials listed on The Phoenix Foundation webpage. The ability to apply to be listed as a Founder of The Phoenix Foundation will be presented to the public in the near future.
Page updated
Google Sites
Report abuse