An evolution in earning in DEFI
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 holders 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 The BNB can be withdrawn every 24 hours.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.
Last modified 2yr ago