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. The Phaeton platform has an ecosystem offering users access to a decentralized global market. Its side chains allow independent dApps, facilitating customization, scalability, and a departure from high network fees providing multiple benefits for the users. The protocol has been designed to make it convenient, secure, and seamless for all stakeholders. Let us dive into the Phaeton Identity 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 in the ecosystem. The PHAE Coin is available on 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 round of IEO, the price will be $5 & $10 respectively.
To date, Phaeton has raised approximately $1 million to advance these projects and has been approved for listing PHAE Coins on international exchanges, namely P2P2B2B2 and LA Token. This 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.
Recently, Phaeton has been approached by three stockbroking organizations to list on the Stock Exchange which includes the ASX (Australian Stock Exchange), TSX (Toronto Stock Exchange and NASDAQ (National Association of Securities Dealers Automated Quotations). Phaeton is pursuing the latter.
What Makes Phaeton Different From Other Blockchain?
Phaeton is offering a key scalable solution in the ever-popular Defi market allowing the different platforms to utilize Phaeton to build their own Dapp….
