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  1. INNOVATION

An evolution in earning in DEFI

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Last updated 3 years ago

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You collect BNB by accessing the dashboard page at phoenixchain.finance (soon) PhoenixChain is a fork of ShieldToken therefore we used their explanation of the rewards mechanisms here:

Each trade has a 10% tax whereas 6% of each transaction gets converted into BNB and added to a BNB pool. This pool will be shared between all according to their share. Furthermore 4% goes into the Liquidity Pair on Pancakeswap to establish a solid price floor over time. 6% of every transaction is taken and converted to BNB and then redistributed to all PhoenixChain holders. The BNB can be withdrawn every 24 hours. 4% of every transaction contributes toward automatically generating further liquidity on Pancakeswap. This will establish a solid price floor over time.

holders