Today our blog is going to review a new cryptocurrency company which has appeared on our radar called PHNX Token. Do you want to know everything about this company? If you do, read our review.

What Is PHNX Token?

PHNX Tokens, as the name and the symbol of the company seems to state, could be read as Phoenix Tokens. These are tokens which have appeared recently on the market and they have caught the attention of our blog because this company is offering airdrops.

Do you know what an airdrop is? Airdrops are very simple. To participate in an airdrop, you have to meet a certain criteria and then you will be able to receive tokens for free right into your wallet. Yes, that is right, you will receive free tokens from the airdrop.

Why would a company do that? Generally because of the idea that a cryptocurrency only has value if people actually use it, so if you do not have any fancy Initial Coin Offering (ICO) with a lot of interesting features planned, it can be a great idea to simply invest using airdrops to give your cryptocurrency to people and then you will be able to have users that will make your currency valuable.

This can be a good marketing strategy too because when the airdrop is near, cryptocurrency news sites and blogs (like ours) will notice that there is an opportunity for users to receive free tokens and then talk about the company. Because of this, it is a wise idea that PHNX Token is currently planning an airdrop of its tokens.

How Does PHNX Token Work?

PHNX Tokens are a cryptocurrency not unlike Bitcoin. You can also use them for any online transaction that will enable you to either buy or sell services and goods on the internet. The company intends to expand its market and is planning the airdrop because of this.

At the moment, there is not a lot of information about the PHNX Tokens, but we gathered that the average price per token is currently sitting at $0.037 USD and that the last airdrop has been made on the Cryptopia exchange.

The PHNX Tokens are Ethereum-based tokens and thus, proof-of-stake tokens. This means that you can use them to gain money from staking.

How To Invest In PHNX Token?

Do you want to get airdrops of PHNX Tokens? This can be more easy than you think it would be. As the company is looking for more users, it has a pretty easy way for you to get the tokens. Let’s see it.

The next airdrop will happen on May. The exact date of the airdrop is still unknown but it will be divulged by the company soon. Again, the next airdrop will be on the Cryptopia exchange and it will be paired with Bitcoin.

To register and be eligible to receive your PHNX Tokens, you will have to register on the company’s site. You will have to use a valid email, your ETH Wallet’s number and your Telegram username. All the information has to valid and true and if the company discovers that your account is fake, you will be deleted and you will not be able to participate in the airdrop at all.

You also have to be a member of the Telegram group created by PHNX Token if you want to receive your tokens for free. You will receive 300 PHNX Tokens if you do everything right and more 100 PHNX Tokens for every friend that you invite to the Telegram group of the company.

PHNX Token Verdict

Is this company a good investment? Yeah, it kind of is. You will not lose anything at all if you just enter in the Telegram group of PHNX Token and you will receive tokens if you do it, so it is a win-win situation because you do not need to spend any money at all to participate in the airdrop because it is not a sale. The company just wants clients and it wants you to be one of them.

As there is no risk involved in participating in this airdrop, you should obviously participate. It is not very likely that the price of the PHNX Tokens will rise more than 10,000% like some miracle companies out there, but it might be profitable for you to acquire these tokens and, who knows, maybe it will give you a good return on investment.

The choice is up to you, but if something is being offered to you completely for free and with no catch involved, then it surely is a good idea to enjoy it.

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