PHOENIX+ is a twist on MDB+, offering the same guaranteed appreciation (the price cannot go down) but much higher APY.
How does it work?
Phoenix+ is essentially a more aggressive, gamified version of MDB+, offering the high rewards. The high APY is sustained by small taxes in and out that directly increase the BUSD backing of the token.
To help sustain the high APY, we introduced The Inferno. The Inferno is an event, that when the APY starts to flatten, every holder of Phoenix+ will be cashed out. You can buy back in immediately if you wish. Like MDB+, Phoenix+ APY is driven by volume, and thus The Inferno helps to push the APY of Phoenix+ up.
To buy PHOENIX+, you can use our dApp, or you can use the contract directly. You can send BNB to the PHOENIX+ contract and receive PHOENIX+ directly into your wallet. To sell, send PHOENIX+ to yourself, and you will receive BUSD.