PhoenixChain

The main idea behind PhoenixChain is to provide Decentralized Finance network, which operates on the Binance Smart Chain (BEP-20). The path forward for PCN Token is determined by market fluctuations, but the model it runs on begs PCN Token to succeed

PCN Token is a hyper-deflationary token with a maximum circulating supply of 1T on the Binance Smart Chain, a 6% transaction tax is distributed to the BNB Pools and 4% is putted as liquidity which is essentially a holder that collects more BNB everyday as transactions occur. As the circulating supply decreases, the scarcity of the token increases. This inversely proportional relationship constitutes a supply and demand model. There is no limit as to how many tokens can be burnt. Without a burning limit, holders get to enjoy a never-ending cycle of passive income with positive price pressure!