color logo
logo in black

PHONON Token

The PHONON token is an ERC-20 token that lives on the Ethereum network. The DAO utilizes the PHONON token within its governance structure and is used to verify DAO members’ authenticity. It’s used for voting purposes and rewards, such as protocol development, grants, bounties and community involvement. The PHONON token’s future uses include, collateral against bad actors within the manufacturers of Phonon compatible hardware (i.e. smartcards) and utilization as a bidding mechanism for mining-enabled Phonon cards (Details about mining will be announced in the near-term future).

Buy PHONON

Our ERC-20 token is available on several popular DEXs, though we suggest going to Uniswap to buy.

Types of Phonon

Native Phonons

A native phonon (nPhonon) is independent of any blockchain. Technically speaking, it is a hash associated with its secure hardware’s ID. It is mined on a Phonon card (and in the future, any Phonon-approved hardware). There is no fee to mine a native Phonon — the costs are time and negligible electricity. A native Phonon’s value is derived from its mining difficulty (i.e., how rare it is).

Backed Phonons

A backed phonon is a key-pair tied to an on-chain asset. It is minted by interacting with a supported blockchain, and the fee to create a backed phonon is dependent on the blockchain. A backed phonon’s value is derived from the asset backing it. For example, a 2 ETH backed phonon is worth (surprise!) 2 ETH. You can think of a backed phonon as the keys to unlock it’s on-chain counterpart.
two types of phonons comparison chart
Learn more about both native and backed Phonons, use cases and some of the technical aspects of each from reading this article on Native and Backed Phonons.
phonon the hardware enforced payment system logo stretch
† This website is maintained by the Phonon DAO. The contents and opinions of this website are those of the Phonon DAO. The Phonon DAO provides links to cryptocurrency exchanges as a service to the public. The Phonon DAO does not warrant that the information provided by these websites is correct, complete, and up-to-date. The Phonon DAO is not responsible for their content and expressly rejects any liability for damages of any kind resulting from the use, reference to, or reliance on any information contained within these websites.
Copyright ©  2022. Phonon DAO. All rights reserved.
menu cross-circle