The Phenom Token

A first-of-it’s-kind digital token designed to generate value for and give power back to the poker community

PLAY NOW TO EARN PHNM 
The Phenom Token Represents Real Ownership in Phenom Poker

Holders earn Revenue Share and also have Voting Rights. The token is used to distribute ownership to the player community and ensure the players always have a collective say in the future direction of Phenom Poker.

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Phenom Token
Dashboard
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Token Distribution

Initial Supply

There is an Initial Supply of 50 million Phenom Tokens and the token is noninflationary. 50% of that supply is allocated to the player community.

Token Earnings

Tokens cannot be purchased. They will be awarded to players who play any of the offered games on Phenom Poker including Ring games, Sit N' Go's, or MTT's (Multi-Table Tournaments).

Token Distribution

The primary distribution method is through a tiered reward system that progressively rewards more tokens for additional gameplay.

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Revenue Sharing

Phenom Poker generates revenues like any other online poker site, by charging a small fee for hosting games known as rake.

Holders of the Phenom Token are entitled to 50% of the net rake collected by the site. This revenue share is automatically paid to token holders weekly via stablecoin (USDT) from the previous week’s rake.

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Token Redemption

Phenom Tokens may be redeemed at any time in the Phenom Poker app in exchange for stablecoin (USDT). The price-per-token is set weekly and is based on the revenues generated during the prior 4 week period using the following formula:

130 x Net Rake Collected Over Prior 4 Weeks / Outstanding tokens
FOR EXAMPLE:

In the prior 4 weeks, Phenom Poker generates $800,000 in net rake.
This would result in a price of $2.08/token (130 x 800000 / 50000000)

Note: The initial price per token will be set to $0.50, and that will act as a floor price until revenues move the token above that price 
~$50k weekly revenue needed to move above the floor price
Initial Price Caps & Rules

We’ve decided to implement price caps during the first 4 months of Phenom Poker’s existence. This will help protect against the above scenario and give the Treasury more time to build additional reserves should user growth be faster than anticipated.

Week 1
$ 0.50
Week 2
$ 0.50
Week 3
$ 0.75
Week 4
$ 1.00
Fixed Price
TILL WEEK 5
Max 30% Weekly Growth
TILL WEEK 9
Week 5
$ 1.30
Week 6
$ 1.69
Week 7
$ 2.20
Week 8
$ 2.86
Week 9
$ 3.43
Week 10
$ 4.11
Week 11
$ 4.94
Week 12
$ 5.92
Max 20% Weekly Growth
TILL WEEK 12
Max 10% Weekly Growth
TILL WEEK 16
Week 13
$ 6.51
Week 14
$ 7.17
Week 15
$ 7.88
Week 16
$ 8.67

As an additional measure to protect the Treasury, we're also implementing the following hard-coded rule for large redemptions:

Token redemptions for any single holder during any 30 day period cannot exceed 20% of the Treasury

FAQs

Didn't find the answer to your question? Just click on the button below to contact us. We will be happy to assist you.

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I would just like to purchase your token. Where can I do that?

The Phenom Token is not for sale. It can only be acquired by playing on Phenom Poker or via our Referral Programs. Our goal is to remain 100% owned by the Poker Community.

I just want to earn rakeback in cash

Our reward system pays out in Phenom Tokens because we believe it's much more exciting to earn a revenue-earning portion of the site than just cash. However, since Phenom Tokens are always immediately redeemable for stablecoin (USDT), you are free to redeem your tokens for cash at any time within the Phenom Poker app.

What is the Contract Address?

PHNM is an ERC-20 token on the Polygon POS blockchain. The contract address for PHNM is 0x35d4F6D876d6c14775DF8A74b8dE3A699cF458AC

When do I get Revenue Share?

Revenue share is automatically distributed to all token holders every Monday 12pm GMT

When do I get my referral or bonus tokens?

Referral and bonus tokens are also automatically distributed at the after the close of every week. Around 12pm GMT

Our Blog

Phenom Poker Launch Week Recap

Phenom Poker launch recap and what's around the corner!Our first week since launching Ring Games is now in the books and what a week its been! We wanted to take a moment to share a recap and also let you know what’s in the pipeline.

READ FULL ARTICLE ➜

Phenom launch is around the corner

What an epic summer its been for Team Phenom! Our Ambassadors absolutely crushed! While we have been having fun tracking their summer’s while they gave us sweat after sweat, we’ve also been hard at work behind the scenes working to bring the next generation of online poker to a device near you.

READ FULL ARTICLE ➜

Update: Initial Token Price Caps

Public Launch approaches! While we don’t have an exact date yet, we’ve been rigorously testing the platform and we are all very excited to bring Phenom Poker to the poker community. We’ve been humbled by the amount of interest and excitement the poker community has shown in this project. Every day we receive messages from people anxious for the arrival of Phenom Poker. At the time of this writing, there are now more than 3,400 people on the waitlist which continues to grow every day. We’ve also been busy building an extensive network of agents who can help bring players to the site. All of this is extremely exciting but it also introduces some scenarios that we need to make sure get accounted for.

READ FULL ARTICLE ➜
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