Building Together in the Bear Market
It’s bear market time and for most that means coping with losses. With Bitcoin prices plummeting, and all altcoins following suit, it’s hard for people to maintain hope. Although those of us who have been in the crypto space know this pattern to be normal, it still has the capability of temporarily stalling the space. It’s during these times that the sentiment, “I’m in it for the tech,” is really tested. In the face of all this current loss, many projects continue to build because during the bear market, the best thing you can do is hold on, keep your head down, stay focused, and continue to build. All of this plays together in an effort to prepare for the next bull run. It’s crucial that projects continue to build so that once the bull market rears its lovely head, these projects are ready to showcase their work to incoming investors. This is the way. When it comes to building in these conditions, Phoenix Blockchain knows exactly how to capitalize on this time. Currently, Phoenix is building several interesting applications and they’re forming strong partnerships that benefit everyone involved. Phoenix has acquired many new exciting partnerships so let’s take a look at those and discuss the benefits of building together in the bear market.
Partnerships Announcements:
Kronic Labs
Kronic Labs offer contract integration and development on ANY EVM solution. This means Phoenix will be able to operate on multiple chains and in turn, offers more opportunities to investors by allowing them to benefit from cross-chain developments. Kronic Labs also brings high level professionals into the Phoenix ecosystem. In fact, Kronic Labs has introduced another partnership that will offer smart contract auditing. In addition Kronic Labs has an entire educational platform geared toward teaching others about cryptocurrency and how it all works. This educational platform will be utilized in many ways to provide passive income and education to the average consumer. Not only will it allow users to learn more about the crypto market, it will also offer refresher courses to the projects involved with the Phoenix blockchain. This is a measure to ensure all projects and coders are up to date on current changes within the crypto space. This particular feature is an upcoming modification to the Phoenix block explorer similar to social media verified blue check marks.
CGF Ninja
In addition to the partnership formed with Kronic Labs, the Kronic Labs team has brought along another exciting partnership. CFG Ninja will be offering the auditing services to projects building on the Phoenix platform. Through performing audits from CFG Ninja and completing courses through Kronic Labs, projects can demonstrate their initiative to be open and motivated to bring their best to the investors. These are just two of the ways in which projects can participate in order to gain a checkmark that signifies they’re taking extra steps to maintain legitimacy. This is so important in the crypto space because it allows users to see which projects are being transparent and which projects have taken the time to complete tasks to ensure their investors feel safe. This helps Phoenix Blockchain to provide reassurance and authenticity to the projects that build there.
RYIUnity
RYIUnity is another great partnership formed with Phoenix blockchain. RYI is now compatible and integrated with the Phoenix chain and they come to the ecosystem with their own wallet product (RYI Pay) which is supported by not only the Apple Store but also Google Play. This spells success for the partnership because it offers a wallet that is already supported by notorious entities. This brings a sense of confidence to the general user that, yes, Phoenix is involved with some of the best projects currently being built.
C5 Consulting
This partnership with C5 Consulting means that all projects have access to avenues by which they can build. This company was started by developers with decades of combined experience in coding and project development and has now set out to provide a clearer path to success by offering consultation and services. C5 Consulting will help projects from the beginning stages of conception all the way through the launch of a project. It’s through this partnership that Phoenix can offer consultation to make sure all projects have the best chance to succeed in the crypto space.
NinjaSwap
The partnership Phoenix has with NinjaSwap will be beneficial in a couple of ways. First, the NinjaSwap DEX will be integrated into the Phoenix ecosystem. After that, additional staking will be offered to PHX on the NinjaSwap DEX. NinjaSwap is the first DEX to partner and provide full support (trading, farming, and staking) along with an IDO launchpad for building projects.
Cobalt Lend
This partnership offers the benefit of consulting as well. Not only is the team able to assist the core Phoenix team with decisions, Cobalt Lend is building a decentralized treasure that is interoperable. It works on multiple chains and is governed by community votes.
Paradox Realm
This partnership takes Phoenix into the Metaverse by offering a game that made the play-to-earn model real. The player’s time is monetized. Currently, the Paradox team has built out a metaverse environment based on the popular open source code for GTA5 (provided by FiveM) to work with the RAGE engine for online gaming. Players can earn money within the Paradox server. In the future, other popular games will be added to the docket.
ViBook
The addition of the ViBook partnership offers a way to verify educational information online. Imagine a place similar to Google Scholar that offers academic level research opportunities. ViBook also offers a notary service which means they’re getting closer to truly being able to remove the middleman. No more notaries and no more banks.
MoonPay
MoonPay allows users to buy cryptocurrencies using their credit cards. Purchases under the amount of 1K require NO KYC! This is a huge plus for Phoenix and a very welcomed partnership.
Yes, it is a bear market, but Phoenix won’t be stopping. In fact, Phoenix is working harder than ever to ensure the best partnerships and options for their users. For more information about Phoenix Blockchain please check out our Linktree and subscribe to our weekly WeBurnWeRise Show!
