Phoenix Gold
Phoenix Gold is .999 gold bullion held by custodians in the Phoenix Network. Each custodian voted into the network by the community must have a slashable stake in the network and provide audited proof of gold holdings.
Decentralizing Gold Custody for the Digital Age
Discover the future of gold ownership with the Phoenix Gold Network, the first layer 1 solution for the world's most trusted monetary asset.
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Non-Confiscatible Gold
Gold Based Liquidity
Sell Gold Digitally
Borrow Against Gold
Building the Blockchain Foundation for Gold
Phoenix forges a bridge between the incorruptible digital foundation of blockchain, and the age-old, 14 trillion dollar market represented by gold.
Learn More3 Layers of Decentralisation
PGN employs a multi-layered approach to decentralized gold custody, mitigating counterparty risks and portability issues.
Learn MoreA Community Project Governed via DAO
PGC Holders are entitled to a vote, weighted in accordance with how much gold they have in the network.
Learn MorePillars of PGN
Phoenix Cyphers
Cyphers are non-fungible tokens that represent a legal claim to a specified quantity of 0.999 gold, held in the Phoenix Network — these can be redeemed at Phoenix Nodes or with the Phoenix Custodians.
PGC
Phoenix Gold Coin is the economic unit of the PGN ecosystem, used for staking and governance. PGC is intended to be the only way to buy the Phoenix Cyphers that have the claim to Phoenix Gold, allowing PGC to mirror the monetary value of gold.
Gold-Powered DeFi Liquidity
Lend
Phoenix is creating a DeFi layer that allows individuals and institutions to supply crypto assets against gold, creating a liquidity pool that is collateralized against Phoenix Cyphers and Phoenix Gold.
Spend
Phoenix Cyphers can be used via the Phoenix Web3 pay system as a mechanism to 'pay with gold' while providing the shops in countries with unstable currencies the ability to 'get paid with gold'.
Sell
Phoenix Gold can be instantly sold to the liquidity pool at spot price determined by an Oracle. No need for verification of asset or risk of physical transport.
Borrow
Phoenix Cypher holders can borrow against their own gold from liquidity supplied by lenders/liquidity providers in the platform.
Explore PGN Concepts
The Phoenix Gold Network Decentralized Custody System
The Phoenix Gold Network introduces a groundbreaking approach to gold custody and asset management through its decentralized framework,
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The Case for Decentralised Gold: the Phoenix Gold Network
In an era where the intersection of technology and finance continually reshapes our perception of value, the Phoenix Gold Network emerges as a beacon of innovation
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BTC — PGC Model Comparison
The Phoenix Gold Coin (PGC) initiative represents a novel approach to combining traditional gold ownership with blockchain technology, aiming to decentralize the custody of gold
Read more$PGC
$PGC is a utility coin with multifaceted applications within the Phoenix Network
Our Roadmap
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01Q2 2024Organizational Decentralization:
Creation of DAO community management contracts
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02Q2 2024Token Migration:
Porting token from Polygon to Ethereum and creation of the Phoenix Chain using Polygon CDK as a ZKEVM Rollup
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03Q2 2024Bridge To Alephium:
Bridge to Alephium for Secure Gold NFT Issuance
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04Q3 2024Live Decentralized Gold:
Completion of Gold Validation Process and Entry of Five Custodians to the Network
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05Q3 2024Liquidity Layer:
Opening up the Phoenix Liquidity Layer to independent liquidity providers
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06Q4 2024Phoenix Nodes:
Enabling Onboarding of independent Phoenix Nodes with overcollateralized stake
FAQs
Find Answers to Most Frequently Asked Questions here!
What is Phoenix Gold Network?
Phoenix Gold Network (PGN) is a decentralized platform that issues digital assets called Cyphers, representing claims on physical gold stored securely within a global custody network.
How can I acquire Cyphers?
Cyphers can be acquired by participating in the network via activities such as staking, purchasing through the PGN platform, using PGC (Phoenix Gold Coins), and by direct transactions from other Cypher holders.
Can I redeem my Cyphers for physical gold?
Yes, Cypher holders can redeem their Cyphers for physical gold at any participating gold shop or custodian within the PGN. The redemption process is facilitated through a secure Web3 interface, ensuring a transparent and straightforward exchange.
What are Phoenix Gold Coins (PGC), and how do they work?
Phoenix Gold Coins (PGC) are the native utility and governance tokens of the Phoenix Gold Network. These coins enable holders to participate in DAO governance, access liquidity services, and stake for rewards.
How does PGN ensure the security and transparency of gold custody?
PGN employs a multi-layered custody approach, utilising a network of independent, geographically dispersed custodians to minimise risks, smart contract-managed funds for transactions, and community-trusted Phoenix nodes.
What makes Phoenix Gold Network different from traditional gold investments?
Unlike traditional gold investments, PGN offers a decentralized, blockchain-based platform that eliminates central control, enabling direct ownership and exchange of physical gold through digital means.
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