PERTH, AUSTRALIA / ACCESSWIRE / September 29, 2021 / Phaeton platform announced the launch of its Initial Exchange Offering (IEO) on the LAToken platform. Phaeton is a coming-of-age decentralized blockchain network that allows developers to leverage Sidechains and Smart Contracts to build scalable blockchains. Phaeton’s platform has an ecosystem offering users access to a decentralized global market, which is poised to impact many sectors. Its Sidechain model allows for the development of independent dApps, facilitating customization, infinite scalability, never seen before transaction speeds per second (1M+/tps) and a significant departure from high network fees, thereby providing multiple benefits for the users. Phaeton’s protocol has been designed to make it convenient, secure (military grade), and seamless for all stakeholders.
Let us now dive into the Phaeton Identity, its creation, validation, and other aspects of the Phaeton protocol.
The PHAE Coin is the native coin to Phaeton Blockchain and is used for transaction fees, delegates, and rewards, all delivered in its ecosystem. The PHAE Coin is available on international exchanges. The first round IEO supply is capped at 10 million where 1 PHAE = 1 $ and active pairs include BTC/ETH/USDT. In the second and third rounds of IEO, PHAE is priced at $5 & $10, respectively.
To date, Phaeton has raised approximately $1.5 million to advance its projects. In addition, Phaeton has been approved for listing its PHAE Coins on international exchanges, namely P2PB2B and LA Token. It will significantly increase Phaeton’s value from AUD 25 million to AUD 275 Million. Since adopting its new business model, significant progress has been made. This growth has seen Phaeton gaining significant public interest, with the coin value expected to float at USD 10. Current business valuation is projected to be valued at over 3 billion USD. The potential to increase over 2000% making Phaeton’s coin value between USD 200 and USD 500 and…
