Phuture (PHTR) Token ICO Began Today. What Does it Offer?
Phuture is a decentralized protocol that attracted investors’ attention due to its interesting features. The founders built it to give the users the opportunity to create and invest in passive index strategies in a Web 3.0 environment. They based Phuture on an open design philosophy that creates passive investment strategies. This platform provides customers with the necessary tools to create new indices. With it, users can also invest in existing indices.
Phuture combines a user-friendly interface and a set of powerful instruments. Its Index Creator simplifies index creation by providing customizable parameters, including automatic sector tracking and dynamic weighting methods.
Furthermore, the protocol enables scalability by allowing a single swap to simultaneously rebalance multiple indexes. The mechanism calculates the optimal assets for rebalancing. It also determines the acceptable ranges of weights. As a result, the platform supports hundreds of indices, minimizes loss of value during trades, and improves index productivity.
Phuture protocol completed its private seed fundraising round in early May 2021. The company managed to raise approximately $1.5 million. It had the backing of prominent VC firms, including NGC Ventures, Ascensive Assets, SevenX, Origin Capital, Moonrock Capital, Waterdrip Capital, and D64.
Phuture became popular fast, which isn’t surprising, considering its advantages. The platform allows customers to launch their indices using assets on the Ethereum blockchain.
Additionally, the project’s index portfolio grows along with the market, and it supports new sectors. According to the team, PHTR token holders can strongly influence the protocol’s development, as well as actively participate in making critical decisions. Finally, Phuture minimizes opportunity costs by using third-party profitability optimizers.
What other advantages will the token holders enjoy?
Phuture token owners will have voting rights. They will also be able to make improvement suggestions. If a customer stakes PHTR, they get ePHTRs that generate income. Furthermore, investors can use PHTR tokens to increase the liquidity of indices. They can earn PHTR by performing essential tasks for the platform.
A total supply of PHTR consists of 100,000,000 tokens. The team will distribute tokens in the following manner: 25% goes to the team, 53% to the foundation, 18% to the seed sale, 3% to the advisors, 1% to the public sale. However, only 833,333 PHTR are for sale, and the price is $0.3 per token. The ICO is live now.
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