PHI Token Monthly Update - September 2018
Dear PHI Token Community,
Welcome to this month's update of PHI Token's development. We are happy to share with you our current progress which will be examining them under the following topics highlighted below:
HIGHLIGHTS:
1. DIAMAN Partners Authorization
2. Listing on Exchanges
3. Social Media channels
4. EXANTE Crypto Version 1.03
5. Tell a Friend
6. New Services for Crypto Investors
7. Team members Hiring
1. DIAMAN Partners Authorization
We have very good news in the form of the MFSA Authorization given to DIAMAN Partners, a company controlled by DIAMAN Capital. The authorization will see DIAMAN Partners become the Manager for the Omnibus Account in both Traditional Investment and Crypto Related Securities as a Management Company Cat. 2.
This is an amazing news and a fundamental step to move our project to a new level and complete our promise to create the first Hybrid Platform for Hybrid Investments.
2. Listings on Exchanges
Unfortunately, we are not able to finalize the listing with an exchange bigger than Livecoin before the end of August, but we hope to have good news in a week or two. We've had to pause all communications with other exchanges due to focusing on the completion of three core projects, the deployment of the Watchlist feature on EXANTE Crypto, and Tell a Friend promotion.
The price in ETH in August remain basically the same, and also the very low liquidity.
Here are our current statistics:
PHI Token distribution Circulating supply: 4,9M
Token Price: 0.00044999 ETH
Around $1,0M market cap
Total supply: 14,1M
3. Social media Channels
PHI Token is active on the following social media networks:
Telegram: https://t.me/joinchat/AecpoEhlgK2yC70FzPp0iA (EN Group), and https://t.me/PHI_Token (ITA Group)
Facebook: https://facebook.com/phitoken
Twitter: https://twitter.com/phitoken
Linkedin: https://linkedin.com/phitoken
Medium: https://medium.com/@PHIPlatform
Reddit: https://reddit.com/@phitokencommunity
Feel free to contact us via any of the above-listed
4. EXANTE Crypto Version 1.03
As we promise in the first week of August, we've implemented the WatchList section on EXANTE Crypto. You can now, synchronize a ERC20 Wallet and stay updated on the price of the Tokens you own every 10 minutes.
The process is very simple, just create a name for the Portfolio and insert the address. EXANTE automatically synchronizes the position.
5. Tell a Friend
As part of our upcoming marketing drive, we've have launched a “Tell-a-Friend” program to improve the number of users of the platform with a remuneration in PHI Token. Here under are the details of the promotion program:
• To promote the EXANTE Crypto platform, we decided to use a method already successfully tested for the EXANTE Funds platform which rewards those referring people interested in using an Asset Allocation platform for Crypto Assets.
• For each suggested email address, three credits will be assigned; the maximum number of emails that can be reported is 55, so you can quickly accumulate 165 1: 1 convertible credits with the PHI Tokens.
• We will send an email invitation on your behalf to the email addresses submitted, explaining the advantages of EXANTE Crypto for the selection and active management of Crypto Assets.
• For each friend you register, you will get another 8 credits, so in the second phase, you will get a maximum of another 440 credits, always convertible 1: 1 with the PHI Tokens. For each person who decides to use EXANTE Crypto, synchronising their Wallet and proving to possess the PHI Tokens deposited in it, you will acquire another 34 Credits. This means that if all 55 people are using the platform after September 21 you could get another 1870 Credits.
• This incentivized model has been designed to ensure that those directing investors to the platform genuinely seek to communicate interested people and not fake or random entities.
Previous experience with EXANTE Fund has provided with impressive statistics:
• 20% of those enrolled in EXANTE use Tell a Friend inviting their friends
• 26% register to understand how the software works
• 14% buy the software at the end of the process.
This means that this mode is able to create a virtuous spiral that leads to viral distribution. For this reason, we decided to set a budget of 75,025 PHI Tokens to be allocated to the first phase of the campaign. After which, we will analyze the conversion rates and based on the results, we will set a second distribution phase, where we could change the number of tokens offered and also the conversion rate.
To redeem Credits, you will need to send an email to info@phitoken.io and ask for the redemption of credits and moving into your PHI Token wallet. To avoid being invaded by conversion requests for small amounts, it will only be possible to convert Credits to PHI Tokens after reaching a minimum of 250 Credits. The start of the “Tell a Friend” period will be communicated via e-mail to all the subscribers of the platform.
6. New Services for Crypto Investors
We have defined two new services for Crypto Investors. The first is a Tax optimization service according to the Maltese Law to reduce and also regularized the personal taxation in the EU country, while the second one (available from September) allows Crypto Investors with banking problems to safely exchange Crypto Assets into Fiat a transparent and hassle-free environment.
7. Hiring
We still have openings for a Sales in the Swiss and UK market, Interested candidates should please send their CV to info@phitoken.io
Sincerely,
PHI Token Team