What is PHA
Tokens
1. Phala Introduction
Phala dedicated itself to be the infrastructure of Web3.0 privacy protection, providing confidential computing service for all blockchains in Polkadot ecosystem based on Substrate-built confidential smart contract applying TEE-Blockchain Hybrid Structure.
2. Phala Detail
Phala Network is a cross-chain interoperable confidential smart contract network for privacy-preserving decentralized apps and services. We are developing our pilot product – Web3 Analytics, a decentralized data analytic tool – to present our vision of Web3 that we want to give the value of data back to everyone and add liquidity on data market.
3. Token Distribution
TEE miners: 70%
Private Sale: 15%
Ecosystem Building & Parachain Auction: 9%
Team Incentive: 5%
Testnet Incentive: 1%
4. Token Detail & Release Schedule
Seed Round Price: Completed in September 2019; Proportion: 1%; 0.0028 USD
Private Round Price: Completed in 2020 Q2-Q3; Proportion: 14%; 0.008-0.01 USD
Token Release Schedule:
| Module
|
Ratio
|
Description
|
| TEE Mining
|
70%
|
Fixed amount of token for TEE miners; isolated from the inflation
|
| Stakedrop and IPO (Initial Parachain Offering)
|
9%
|
Obtainable though Polkadot ecosystem tokens such as KSM, DOT, etc.;
|
| Testnet Incentive
|
1%
|
For testnet incentive programs
|
| Private Sale
|
15%
|
Supporting Phala team to develop the project and build the community in the early stage. 60% of this section will be unlocked after the mainnet launch or token transfer enabled, with 20% unlocked every 6 months.
|
| Developer Incentive
|
5%
|
Incentives for the core builders, among which 20% (10,000,000) will be unlocked after mainnet launches or token transfer enabled, with 5% unlocked every month
|
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.
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