Phore (PHR) is a digital currency that focuses on privacy protection. It is upgraded and renamed from KryptKoin (KTK). KryptKoin (KTK) announced its announcement in May 2014 and started issuing coins on May 21, 2014.

Project advantages and disadvantages

Project advantages: The project ecosystem is gradually built, and the e-commerce beta version has been launched. A strong user base and the function of private transactions provide an imaginative basis for the project's future, and there is a huge room for development after the project is officially launched.
Disadvantages of the project: A large number of users of the e-commerce platform are fiat currency users, and the entry threshold is relatively high. However, if Phore opens the fiat currency entrance, the fiat currency + private transaction model will have greater compliance risks.

Application scenario

Phore Blockchain intends to provide a platform that facilitates decentralized commerce, is free to use and is inherently sustainable. Compared with building many applications and entrepreneurial projects on the platform to form the main blockchain, our vision is even grander. Oak is a nice conceptual model: Phore Blockchain is built on sound technology, our heritage, and the root of our platform; a self-governing system implemented by a network of independent masternodes forms our trunk, providing stability; Various landed or conceived projects built on our platform constitute the canopy. Therefore, Phore Blockchain covers all aspects of the ecosystem, and Phore Coin (PHR) is just one branch of the Phore Blockchain tree.

Phore Blockchain will have a variety of functions, including but not limited to the following:
•atomic swap and side chain,
•Fast, scalable, secure and reliable transactions,
•Optional private or public transactions,
• The income of participating in the Phore Blockchain network is similar to paying interest,
•Decentralized shopping malls,
> •An advanced and flexible smart contract platform for building decentralized applications (dAPPs), which can be used for privacy Transactions, to achieve decentralization and a new business model that can protect privacy, allowing you to fully control your funds and personal information,
• ICO on the Phore Blockchain platform,
•Crowdfunding campaign,
• Create custom blockchains and services,
• Continue to expand and improve the Phore protocol and the entire Phore Blockchain,
• Easy to use at your fingertips.

Business model

The ultimate goal of Phore coin (PHR) is that users can use PHR to buy and sell goods on the e-commerce platform developed by Phore, and give buyers the right to process transactions privately. The funds raised by PHR will help and develop a series of applications and commercial projects within the Phore Blockchain ecosystem.

Phore Blockchain will provide a robust, secure, private and fully decentralized network that includes a privacy-preserving decentralized application ecosystem and a marketplace - a marketplace that provides real-world applications for private trade and secure New business models for privacy.

Staking method

There is no hard and fast rule on the number of tokens involved in staking, it depends on the total number of coins staked on the Phore blockchain. The minimum amount of staking is 1 PHR, but the possibility of getting rewards is very small. The more PHR involved in Staking, the greater the chance of getting rewards.

Staking can be started three hours after purchasing PHR, and the wallet must also be opened and enabled for staking. According to an average address of 5000PHR, the average daily income of Staking investors is 0.71PHR. The annualized rate of return for token holders is 5.215%. Based on the fact that the wallet is open around the clock, the first staking income may be returned to investors within 10 hours or may take 24 hours, and there are no strict regulations on the date of income distribution. Compared with other staking projects, it is not difficult for Phore to become a master node. Among all masternodes, the node with the lowest number of coins is 10697PHR.