Phoenix AMA — Feb 2023

7 min readFeb 20, 2023


Phoenix AMA Feb 2023 — Ecosystem, Tech, AI & AlphaNet

Dear Phoenix Community,

Since the start of the new year, Phoenix has reached some amazing milestones. Naturally, this prompted a lot questions from the community, and we are pleased to provide responses below. Thank-you to all who provided the wide breadth of questions across our ecosystem, tech, AI & AlphaNet. Enjoy!


1. Where do you see Phoenix in 1 , 3 and 5 years?

We usually do not try to plan specific details over 2 years in advance, as the blockchain space is one of the most rapidly changing landscapes, paired with global changes in technology trends and macroeconomic environment. We prefer an agile approach where we have a long-term strategic vision, but break milestones down within 1–2 years, at the same time being aware of potential adjustments and opportunities that may arise in the process.

That being said, the year ahead (2023+2024) we expect to be exciting and filled with developments, many of which fundamental game-changing for Phoenix. As the team has been researching, investigating, and developing use cases at the intersection of blockchain and AI ever since 2020 and prior, the next year may be full of catalysts for growth:

  • Rolling out our AI & Privacy Computation Platform (L2) Mainnet (currently in Testnet) and enabling easy adoption for enterprises and crypto users alike.
  • Release of our first native Web3 + AI dApp AlphaNet geared towards retail users, accelerating mainstream adoption for crypto investors
  • Official launch of Federated Learning Consortium (FLC) in Hong Kong (more details to follow)
  • Enterprise partnerships & adoption of technology, such as Phoenix Layer 1, Computational L2 and Phoenix Oracle, focused on China & Asia
  • Partnership with local NGOs & other major organizations to propel use cases and adoption.

2. Is the team working with any third-party companies?

As mentioned before, Phoenix is working with various types of third-party companies and organizations, and will strengthen and expand the scope of these partnerships this year. These types of organizations include:

  • Core strategic partners (e.g. APEX Technologies)
  • Enterprise partners & users
  • Fiat Onramps (e.g. AlchemyPay)
  • Quantitative Trading & HFT Firms (for AlphaNet)
  • Data, Cloud, & Tech Ecosystem (Tencent Cloud, UnionPay, etc)

3. Can the team provide real-world use cases for the products they are working on?

Phoenix consists of a variety of use cases centered around data, AI, computation scaling, and privacy. Phoenix as an ecosystem has a unique no-DeFi policy, in that we believe that despite having a full Layer 1 platform, focus and differentiation is key — we will never go down the mainstream L1 path. Here are a list of use cases by module:

  • Phoenix Layer 1 — Enterprise Web 3 CRM, Data NFTs, On-Chain Loyalty Points, B2B Data Exchange
  • Computation L2 — On-demand AI, federated learning (decentralized AI), multi-party computation (MPC), analytics for Web3 apps
  • Phoenix Oracle — Data exchange, secure data verification, AI model syndication
  • AlphaNet — AI for crypto markets, predictive analytics

4. Will Phoenix be integrated with APEX Technologies’ technology? Would Phoenix’s technology stack be marketed along with APEX Technologies’ offerings?

As one of Phoenix’s premier strategic partners in China & Hong Kong, it is definitely within the plan for APEX Technologies to integrate Phoenix’s technology within certain blockchain-related offerings in the Greater China market. In fact, this is and has been already happening, especially with the wave of Enterprise Pilots that took place in 2020 and earlier. We expect to release more details on expanded scope of strategic partnership shortly.

Our team is working with directly, and via APEX Technologies with various third party system integrators that have Web 3 and blockchain solution offerings towards enterprise users.

5. What is the one use case that you think will set Phoenix aside from other competition?

Phoenix has various unique use cases as outlined earlier, but what makes us truly unique is our differentiation and positioning in the entire market. First and foremost, we are one of the only (if not the only) blockchain platform that combines an Enterprise Blockchain Layer 1, Computation Scaling Platform (L2), Oracle, and Native dApp that uses Web3 + AI.

This is important as it means that we 1) have the capability to provide enterprise users a full-stack solution, including blockchain enabled AI capabilities 2) we are able to accelerate adoption by enabling users to choose the tech module that fits their initial needs 3) additionally we are able to accelerate retail user growth using our own native dApp.

6. Are there any new partnerships planned?

Of course, as Phoenix Core Development is always in new cooperation and partnership discussions.

7. Will PHB have a separate Application? like a dApp?

Phoenix has various dApps for applications related to the platform, this includes Phoenix Staker for staking, L2 Control Panel for privacy & AI computations, Oracle Data Viewer, and Phoenix Mainnet explorer, which lately enabled viewing L2 computation contracts and NFTs on Phoenix.

We will also release a Mainnet Wallet for PHB once we enable two-way BSC to Phoenix Mainnet bridge. Currently Mainnet PHB is supported by BSC Wallet, Metamask, and Trust Wallet.

Tech, Token Economics

8. Any plans to integrate with ChatGPT or something similar?

As ChatGPT is a NLP-focused (natural language processing) app, certain Phoenix dApps may indirectly integrate use ChatGPT once open APIs for it become more prevalent. However, as ChatGPT does not deal with raw unstructured data nor real-time data and AI use cases, it does not fit with Phoenix’s main initial AI use cases. ChatGPT and LLM (large language model) based AI applications may have garnered the majority of the hype recently, but for those who are not familiar AI is a rather broad field that includes everything from machine vision to reinforcement deep learning.

In terms of a type of AI that will be commonly integrated into Phoenix’s platforms and capabilities will be deep reinforcement learning (RL), the same type of technology used for AlphaGo. It is the type of AI that is best suited for real-time decision making, and will be made both available in our Computational L2 and AlphaNet.

9. L2 has been live for a few weeks now and there has not been a burn announcement. When will the PHB that has been converted to CCD be burned? Will it be published?

Our L2 Mainnet is not live yet — however, the PHB to CCD swap mechanism, as well as CCD usage mechanism on Testnet are already live. There have already been many small transactions that burned PHB as it was being swapped to CCD. It’s important to note that the actual mechanism burns PHB instantly, and does not do it manually or periodically.

10. How much CCD will I need, can this be predicted?

How much CCD needed will depend on the amount of computational resources used. After Mainnet launch we will provide users a guide on CCD usage and understanding dynamimc pricing mechanisms.

11. Are there plans to improve login security (i.e. MFA/2FA or ledger support) for L2 Control Panel?

Yes, additional login security is within the development plan.

12. Can I trade CCD tokens? What is the max supply?

Currently CCD are not tradeable and are not meant to be publicly tradeable. However as they are an on-chain asset on Phoenix Mainnet, it does not prevent users from buying and selling them amongst themselves.

The max supply depends on the amount used by users and burned, which would involve swapping over PHB and burning PHB to obtain CCD. Theoretically speaking, the max supply of CCD is in the hypothetical (but nearly impossible) situation that all PHB is burned to obtain CCD. It would be theoretically impossible because at a very small supply of PHB would grow infinitely costly, but the CCD/PHB price would also go down in the process, requiring less PHB for the same amount of computation resources.

13. How does the Phoenix Oracle fit into the entire picture?

Regardless of which Layer 1 used to build an application, an oracle is likely a necessary component sooner or later for on-chain and offchain external data to interact — it is the component that makes many applications real-world. Instead of having to integrate another oracle such as Chainlink or BAND, Phoenix has its own native oracle that is also EVM-compatible.


14. When will AlphaNet be released?

AlphaNet’s tentative initial release will be in Q2 2023.

15. What exactly is Alphanet?

In short, AlphaNet is a Web-3 based AI technology market place for crypto traders — it will enable level the playing field between institutions and savvy retail crypto investors. For more information, read the Litepaper here:

16. Is Alpha just connecting us to Binance? What other exchanges will be available?

For granular high frequency data, AlphaNet will use Binance Spot and Futures data, and for products that enable trading automation, Binance API will be the first one supported. Reason being is that some of the strategies and signals will require the deepest liquidity possible, and Binance provides just that. Of course, we will look into cooperation with other high-liquidity and high-depth exchanges as well, such as Woo.

That concludes this edition of our AMA! Thank-you once again to all who submitted questions!

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Phoenix is an L1 and L2 blockchain infrastructure, empowering intelligent Web3 applications, focusing on the next generation of AI & Privacy-Enabled Web3 Apps.