As artificial intelligence advances, the demand for decentralized AI infrastructures is growing. Centralized models often face challenges such as data privacy concerns, limited scalability, and unequal access. Decentralized systems address these issues by offering improved security, transparency, and democratized control, ensuring broader participation in AI innovation. These infrastructures are expected to be crucial in safeguarding sensitive data while enabling fair and efficient AI development. Phoenix (PHB) aims to position itself as a key player in this evolving landscape, integrating blockchain technology with AI to support decentralized and secure AI ecosystems.

What is Phoenix (PHB)?

Phoenix (PHB) was established in late 2021 with the partnership of Phoenix Global, APEX Network, and Red Pulse, founded in 2015 in Hong Kong. Initially, Red Pulse used the PHX token, but later converted it to PHB Coin. The CEO is Jonathan Ha. Phoenix aimed to create a decentralized ecosystem combining blockchain with AI and machine learning, offering a unique alternative to centralized infrastructures.

Since its founding, Phoenix has focused on developing its ecosystem, emphasizing the integration of AI with decentralized finance (DeFi) and blockchain technologies. Its vision, known as the “Phoenix Trifecta,” focuses on three pillars: AI Alpha for profit generation through platforms like AlphaNet, AI Insights via SkyNet’s scalable predictive models, and AI Productivity through tools like PhoenixLLM, designed to enhance work and learning processes.

Phoenix has established partnerships with notable players such as Binance, Alibaba Cloud, and Chainlink, as well as projects like Horizon Protocol, Bella Protocol, and Algebra, which integrate Phoenix’s AI-enhanced infrastructure. Horizon Protocol leverages Phoenix’s AlphaNet and SkyNet to develop the first AI-enabled decentralized exchange, while Bella Protocol utilizes Phoenix’s technology for AI-optimized DeFi and yield strategies.

In October 2021, Phoenix Global underwent a significant token redenomination, swapping old tokens for the new PHB token at a 100:1 ratio. This change marked an important step in restructuring Phoenix’s cryptocurrency framework for future scalability and growth.

Despite the lack of high-profile milestones, Phoenix has consistently focused on innovation within decentralized AI. Its infrastructure facilitates use cases like AI-driven image recognition without programming expertise, demonstrating its practical applications. With these developments, Phoenix positions itself as a forward-thinking platform in converging AI and blockchain.

How Does Phoenix Work? Infrastructure and Solutions

Phoenix delivers decentralized AI infrastructure, offering robust, scalable, and efficient solutions tailored for AI and computationally intensive tasks. At the core of this ecosystem lies PhoenixNode and SkyNet, an innovative duo that ensures seamless AI compute operations and scalability without compromising efficiency.

Source: phoenix.global

PhoenixNode: The Hardware and Software Backbone

PhoenixNode is a lightweight AI compute unit designed in collaboration with JDI Group and Bobber.com. It is optimized for edge computing and vertical-focused AI tasks, incorporating advanced hardware like Hailo-8™ AI processors. Its architecture supports deep learning inference, generative AI, and predictive analytics, among other tasks. The hardware features include:

• CPU: 4xA76 + 4xA55
• AI Processor: 2x Hailo-8™
• RAM: 8GB LPDDR4x
• Internal Storage: 64GB

Complementing the hardware, the software ecosystem ensures efficient task management and seamless integration with SkyNet. Key software modules include:

1. Task Router: Allocates computational tasks based on priority and resource availability.
2. AI Frameworks Package: Pre-installed frameworks for deep learning and neural networks.
3. Compute Benchmark Analysis: Proprietary software measuring performance, influencing reward distribution.

SkyNet: Decentralized AI Elastic Compute Layer

SkyNet, Phoenix’s AI Elastic Compute Layer, coordinates the entire lifecycle of AI tasks, including training, inference, and deployment. Unlike traditional centralized models, SkyNet decentralizes compute power through its task-based architecture. This minimizes idle resources and ensures tasks are distributed efficiently among PhoenixNodes.

SkyNet supports a wide range of applications:

• Generative AI: Enables image, video, and text generation without coding.
• Deep Learning and Neural Networks: Handles tasks like Transformer models, CNNs, and LSTMs.
• Large Language Models (LLMs): Powers training and inference for advanced language tasks.

Through its Control Panel, SkyNet provides a codeless interface for deploying AI models and managing computational resources. This simplifies operations for developers and organizations, making AI accessible without deep technical expertise.

Source: pnode-litepaper.phoenix.global

Compute Mining and Incentives

PhoenixNode operators earn rewards for their contributions to the network. Two types of rewards ensure fair compensation:

1. Baseline Rewards: Earned for maintaining network stability and connectivity.
2. Task-Based Rewards: Allocated for completing specific AI or computational tasks assigned by SkyNet.

Rewards are distributed using PHB and CCD tokens. PHB is used for governance and staking, while CCD serves as the currency for computational tasks akin to “gas” in blockchain ecosystems. This dual-token system supports network scalability and ensures sustainable tokenomics.

Scalability and Efficiency

Phoenix adopts a demand-driven approach to network scaling, limiting node production to avoid resource inefficiencies. With an initial node threshold of 2,500-3,000 units, the network aligns computational capacity with user demand. This strategy prevents overburdening the ecosystem and ensures consistent rewards for node operators.

SkyNet’s smart routing system dynamically allocates tasks, enabling nodes to handle workloads suitable to their capacity. This ensures longevity for existing nodes while maintaining network efficiency. Furthermore, the PhoenixNode infrastructure is designed for future upgrades, allowing the integration of advanced technology to meet evolving AI demands.

Decentralized Innovation

Phoenix prioritizes innovation in AI compute through its decentralized infrastructure. By focusing on practical use cases like predictive analytics, generative AI, and real-time data processing, Phoenix enables industries to leverage cutting-edge technology at scale. Its decentralized approach reduces reliance on traditional cloud providers, offering a cost-effective and flexible alternative for AI applications.

Phoenix’s infrastructure combines the PhoenixNode hardware and SkyNet’s decentralized compute layer to deliver scalable AI solutions. Its demand-driven model minimizes resource waste, while its dual-token system supports functionality and sustainability. This approach addresses key challenges in AI compute, offering a practical, decentralized alternative for industries requiring scalable computational resources. By focusing on efficiency and real-world applications, Phoenix positions itself as a functional platform for bridging blockchain and AI technologies without overpromising on its transformative potential.

Solutions

SkyNet, Phoenix’s AI Elastic Compute Layer, seamlessly coordinates the entire lifecycle of custom AI solutions, from training and inference to deployment. This decentralized approach optimizes resource utilization, ensuring efficient task distribution among PhoenixNodes.

SkyNet empowers users to build custom AI models tailored to their specific needs. By utilizing Phoenix LLM, users can create and deploy large language models (LLMs) with specialized domain knowledge and functionality. These custom LLMs can be applied to various applications, including content creation, coding and engineering, and even the development of decentralized science (DeSci) initiatives.

For content creators, SkyNet’s generative AI capabilities enable the quick and efficient creation of content through images, videos, and text. This accelerates content production and opens up new creative possibilities. Imagine generating high-quality images for social media posts, creating engaging video scripts, or even writing compelling blog articles, all powered by AI.

In coding and engineering, SkyNet facilitates the development of custom AI-powered applications for various industries, such as tech and software, research and development, and web development. Developers can leverage SkyNet to build intelligent chatbots, automate complex tasks, and create innovative AI-driven solutions.

Source: phoenix.global

Furthermore, SkyNet supports deploying computationally intensive AI models, such as AlphaFold 2, for advanced applications in computational biosciences and AI drug discovery. This empowers researchers and scientists to tackle complex challenges and accelerate scientific breakthroughs. By analyzing vast amounts of biological data, researchers can uncover new insights into diseases, develop novel therapies, and ultimately improve human health.

By providing a codeless interface through its Control Panel, SkyNet simplifies the process of deploying custom AI solutions. This makes AI accessible to a wider range of users, regardless of their technical expertise. With SkyNet, organizations can quickly and easily bring their AI ideas to life, driving innovation and unlocking new opportunities.

For example, a small business owner could use SkyNet to create a custom AI chatbot to assist customers, while a large corporation could leverage SkyNet to develop advanced AI-powered analytics tools. The possibilities are endless, limited only by the imagination of the user.

By leveraging the capabilities of Phoenix’s AI technology, users can harness the power of AI to solve complex problems, drive innovation, and achieve new heights.

Phoenix Use Cases

Phoenix’s decentralized AI infrastructure delivers cutting-edge solutions across various industries, combining blockchain technology with AI to enhance efficiency, scalability, and innovation. Its adaptable ecosystem supports diverse applications across key verticals:

• Financial Services: Phoenix enables financial institutions to leverage AI models for predictive analytics, risk assessment, and automation. Organizations can build AI-driven tools for market forecasting, fraud detection, and portfolio optimization by offering scalable compute resources, improving decision-making and operational efficiency.
• Gaming and Metaverse: Phoenix provides developers with AI infrastructure to create immersive gaming and metaverse experiences. Deep reinforcement learning models, generative AI, and real-time analytics enable personalized user interactions, enhancing gameplay and virtual world development on Web3 platforms.
• IoT and Edge Computing: With Phoenix’s infrastructure, businesses can deploy AI-powered models on local device networks, optimizing IoT operations and reducing latency. This enables advanced applications like real-time data processing, predictive maintenance, and intelligent automation for smart homes, factories, and cities.

Phoenix empowers these industries with accessible, scalable, and cost-effective AI tools, paving the way for next-generation innovation.

Phoenix Products

Phoenix offers innovative products that combine AI infrastructure and blockchain technology to address diverse industry needs. These solutions empower businesses and developers to harness decentralized AI for real-world applications in finance, healthcare, and creative industries.

AlphaNet

AlphaNet is Phoenix’s flagship AI platform designed for the crypto market, leveraging Phoenix Layer 1 for scalable and efficient AI deployments. It features advanced AI models and tools like AI Directional Risk and Volatility Switch Model, enabling users to predict market trends and identify optimal trade opportunities. Applications include real-time market analysis, predictive analytics, and custom trading strategies, accessible via an intuitive interface. With tiered access to premium tools requiring staking, AlphaNet enhances user engagement, drives ecosystem growth, and offers unparalleled insights for traders and institutions navigating volatile crypto markets.

Source: phoenix.global

Hypermatrix

Hypermatrix is an institutional-grade AI trading strategy customizer operating as a PaaS. It enables partners, including DEXs and trading firms, to fine-tune trading models across over 30 parameters, such as risk, return, and volatility. Powered by SkyNet’s elastic compute architecture, Hypermatrix accelerates AI model training and strategy optimization through proprietary technologies like QuickCompute, significantly reducing time-to-market. Currently in beta and invitation-only, Hypermatrix has shown promising results in crypto and commodity markets, delivering superior risk-adjusted returns and transforming how institutions approach advanced trading strategies.

Source: phoenix.global

GenAI

GenAI offers generative AI services for content creation, such as image and video generation. Accessible through Telegram via the PhoenixLLM Bot, users can create digital content with minimal setup and no prior technical expertise. This feature supports creative professionals and teams leveraging AI for art, marketing, and media production, including custom image designs and animated visuals. By integrating cutting-edge AI with user-friendly tools, GenAI expands accessibility, empowering individuals and businesses to enhance their creative workflows efficiently, showcasing Phoenix’s versatility beyond financial applications and into broader creative and commercial industries.

Source: genai-doc.phoenix.global

PhoenixLLM

PhoenixLLM is a custom Large Language Model built on SkyNet, integrated with open-source frameworks and platforms like Telegram. Recently, Phoenix partnered with Hippocrat.io to develop healthcare-focused AI solutions, including a personalized assistant chatbot. This collaboration highlights PhoenixLLM’s capacity to create specialized applications for various industries, offering tools for real-time data analysis, custom AI model development, and improved workflow efficiency. Its flexibility supports healthcare and finance industries, demonstrating how PhoenixLLM empowers organizations with tailored AI capabilities to address unique challenges and unlock innovative opportunities in a technological landscape.

Source: phoenix.global

Phoenix Ecosystem

The Phoenix ecosystem combines advanced AI technology with blockchain infrastructure to create a dynamic foundation for Web3 applications. Built on Phoenix’s SkyNet Compute Layer and Layer 1 Blockchain, this ecosystem powers various innovative projects across diverse industries. Notable integrations include:

• NYBL: An AIGC metaverse project utilizing Phoenix’s AI Node Network for GPU-based video and image processing, delivering immersive virtual experiences.
• Horizon Protocol: A decentralized futures exchange leveraging AlphaNet and SkyNet to create the first AI-enabled DEX, revolutionizing market trading with predictive analytics.
• Bella Protocol: A DeFi yield optimizer on zkSync, Mantle, and Uniswap V3, employing AlphaNet and Hypermatrix to enhance user yield optimization.
• LogX: An advanced orderbook perpetual DEX integrating AI trading agents, intelligent risk management, and gas-free trading for an unparalleled user experience.
• Algebra: A concentrated liquidity AMM protocol integrated with AlphaNet, supporting DEXes like Swapsicle, Kim, SpiritSwap, and more to improve liquidity provision.

These are just a few key partners within Phoenix’s ecosystem, showcasing how its innovative infrastructure supports groundbreaking projects across finance, trading, and the metaverse in the evolving Web3 space.

What is the PHB Coin?

PHB is Phoenix’s native token, enabling transactions, staking, and decentralized AI infrastructure access. Its maximum supply is capped at 64 million units, of which 52.70 million (82.34%) are already in circulation (November 2024).

Phoenix (PHB) launched its token on Nov 9, 2021, at an initial price of $0.89, achieving a 2.62x ROI. The project held its ICO in 2018, raising $25M in Q1 and $14.51M in Q4 through private funding rounds, contributing to developing its decentralized AI ecosystem.

The PHB Coin is the native cryptocurrency of Phoenix, designed to support its decentralized AI and blockchain ecosystem. Launched as PHX, the token underwent a redenomination in November 2021, converting at a 100:1 ratio into PHB to streamline its functionality within the ecosystem. Operating on the BNB Smart Chain (BEP20), PHB benefits from a reliable, efficient, and widely adopted blockchain infrastructure. This compatibility facilitates seamless integration with decentralized applications like AlphaNet, SkyNet, and other Phoenix services, ensuring scalability and operational efficiency.

Source: phoenixglobal.medium.com

The PHB Coin is critical in the Phoenix ecosystem, serving as a medium for transaction fees, staking rewards, and governance. Network participants can stake PHB to access premium features, secure the ecosystem, and earn rewards. An annual inflation rate of 10%, reducing by 10% yearly, is designed to balance token supply with ecosystem growth, incentivizing participation while maintaining a stable value. Additionally, Phoenix plans to introduce deflationary mechanisms, such as token burning, although these measures have yet to be fully detailed.

Despite its potential, transparency about token allocations for the team and investors remains unclear, raising questions about long-term distribution dynamics. This ambiguity could stem from the project’s early development phase or ongoing adjustments in its economic model. Nevertheless, PHB Coin is positioned as a critical driver for Phoenix’s AI-powered solutions, combining blockchain technology with decentralized finance and artificial intelligence to offer innovative applications across multiple industries.

CCD Token

Computation Credits (CCD) serve as the native token for computational resource payments on the Phoenix Network, acting as “GAS” for its AI infrastructure. Unlike PHB, CCD is specifically used for compute-related fees and resource utilization. It is chain-agnostic, deployable across platforms like BSC, Solana, and Ethereum, with expected DEX availability in future phases. Initially convertible at a 1:5 PHB-to-CCD rate, its liquidity release depends on ecosystem growth, market conditions, and Phoenix DAO’s strategic decisions. CCD adoption highlights Phoenix’s evolving tokenomics.

Is PHB a Good Investment?

PHB shows promise as it powers Phoenix’s decentralized AI ecosystem, offering unique applications like AI-driven trading strategies and scalable blockchain infrastructure. Its integration with the BNB Smart Chain enhances compatibility and operational efficiency, appealing to developers and users alike. However, a potential concern lies in the lack of transparency regarding token allocations for the team and investors, raising questions about long-term distribution and governance. While PHB has potential for growth in emerging sectors like AI and blockchain, these unresolved factors may influence investor confidence.

How to Own PHB?

To own PHB, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy PHB.

News on Phoenix

On August 23, 2024, Phoenix announced via X the release of the much-anticipated PhoenixNode Economics Litepaper. This document offers crucial insights into the PhoenixNode technology, its mining mechanism, projected APR, and versatile AI use cases.

Highlighting its significance, the litepaper details that PhoenixNode supports applications such as deep learning, predictive analytics, computer vision, and native tools like AlphaNet. The baseline APR for node operators is projected between 50%-100% for the first year, with minimal reduction over time. PhoenixNode’s unique demand-driven model ensures limited supply, directly tied to ecosystem usage.

Rewards are managed and claimed through the SkyNet Control Panel, showcasing seamless integration and user-friendly management. This release solidifies Phoenix’s position at the forefront of the AI DePIN infrastructure space.

For the full litepaper, visit: https://pnode-litepaper.phoenix.global/#v.-phb-and-ccd

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