PHA (Phala) Introduction
- Project Introduction
1. Phala Introduction
Phala dedicated itself to be the infrastructure of Web3.0 privacy protection, providing confidential computing service for all blockchains in Polkadot ecosystem based on Substrate-built confidential smart contract applying TEE-Blockchain Hybrid Structure.
2. Phala Detail
Phala Network is a cross-chain interoperable confidential smart contract network for privacy-preserving decentralized apps and services. We are developing our pilot product – Web3 Analytics, a decentralized data analytic tool – to present our vision of Web3 that we want to give the value of data back to everyone and add liquidity on data market.
3. Token Distribution
- TEE miners: 70%
- Private Sale: 15%
- Ecosystem Building & Parachain Auction: 9%
- Team Incentive: 5%
- Testnet Incentive: 1%
4. Token Detail & Release Schedule
- Total Supply: 1,000,000,000 PHA
- Circulating Supply: 137,000,000 PHA
- Seed Round Price: Completed in September 2019; Proportion: 1%; 0.0028 USD
- Private Round Price: Completed in 2020 Q2-Q3; Proportion: 14%; 0.008-0.01 USD
- Token Release Schedule:
| Module | Ratio | Description |
| TEE Mining | 70% | Fixed amount of token for TEE miners; isolated from the inflation |
| Stakedrop and IPO (Initial Parachain Offering) | 9% | Obtainable though Polkadot ecosystem tokens such as KSM, DOT, etc.; |
| Testnet Incentive | 1% | For testnet incentive programs |
| Private Sale | 15% | Supporting Phala team to develop the project and build the community in the early stage. 60% of this section will be unlocked after the mainnet launch or token transfer enabled, with 20% unlocked every 6 months. |
| Developer Incentive | 5% | Incentives for the core builders, among which 20% (10,000,000) will be unlocked after mainnet launches or token transfer enabled, with 5% unlocked every month |
5. Related links
- Official website: https://phala.network/
- White paper: https://files.phala.network/phala-paper.pdf
- Economic White Paper: https://files.phala.network/phala-token-economics-en.pdf
- Test network: https://app.phala.network/
- W3A: http://w3a.phala.network/
- Weibo: https://weibo.com/7202623314/profile?topnav=1&wvr=6
- Twitter: https://twitter.com/PhalaNetwork
- Medium: https://medium.com/phala-network
- Telegram: https://t.me/phalanetwork
- Youtube: https://www.youtube.com/channel/UCzm2tq2-1geDURldGCG6rpA/videos?view_as=subscriber
All the above information is provided by PHA (Phala).
