PLAY NOW ➜
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 ➜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.
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.
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).
The primary distribution method is through a tiered reward system that progressively rewards more tokens for additional gameplay.
VIEW REWARDS SYSTEM ➜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.
VIEW PHNM DASHBOARD ➜
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:
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)
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.
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
Didn't find the answer to your question? Just click on the button below to contact us. We will be happy to assist you.
CONTACT US ➜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.
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.
PHNM is an ERC-20 token on the Polygon POS blockchain. The contract address for PHNM is 0x35d4F6D876d6c14775DF8A74b8dE3A699cF458AC
Revenue share is automatically distributed to all token holders every Monday 12pm GMT
Referral and bonus tokens are also automatically distributed at the after the close of every week. Around 12pm GMT
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.
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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.
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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.
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© 2024 This site and all its related assets are owned by Phenom Foundation, a private Panama Foundation.
Phenom Poker is operated by Phenom Poker S.A., a Panamanian Corporation with registration number: 155745917 and registered address: Advanced Tower, 1st Floor, Panama City, Panama. Contact us at support@phenompoker.com. Phenom Poker is licensed and regulated by the Government of the Autonomous Island of Anjouan, Union of Comoros and operates under License No. ALSI-042402004-FI4. Phenom Poker has passed all regulatory compliance and is legally authorized to conduct gaming operations for any and all games of chance and wagering.
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