PHOENIXDA0-CRYPTOVERSE AMA

CRYPTOVERSE

11 min readJul 13, 2020

DATE — 10th July 2020

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Guest:

· Marco Paez-CEO Numio

· Mark Anstead-Director of BizDev Numio

· Syed Fahad Hussain-Blockchain Director PhoenixDAO

· Monte Thomas-Partnership Director PhoenixDAO

Q: Please briefly introduce yourselves and #PHNX to our community?

A: Mark Anstead : My name is Mark Anstead. I run all of the bizdev over at Numio, who are partners with PhoenixDAO. I help a bit with product management with Marco & Tim (our CTO), and lead the sales that we are working on with our products.

I’ve been quite deeply involved in the blockchain industry for the last few years working with different projects- initially through CI Network, and now work as an advisor for a couple. It’s incredible to see how some of these technologies we have all talked about starting to really come into fruition- more importantly, seeing the companies I’ve worked with starting to grow and flourish!

Marco Paez : I’m the CEO at Numio and have been working primarily on product management and research on our products for the past 18 months. We have always sought to incorporate the best technologies on the market, along with our proprietary tech into both Numio Pay and Numio Vault. This is why we have partnered with the PhoenixDAO team using their Identity and Authentication protocols in both Pay and Vault.

Numio Pay is a mobile app featuring identity management, blockchain based 2FA, and digital payments both peer to peer as well as paying for items at merchant locations. Numio Vault is an advanced crypto storage solution featuring private keyless security and blockchain based 2FA not present in other decentralized solutions.With both of our products being released very soon we are very excited about what this summer and the future holds!

Monte Thomas : I’m Monte Thomas, the Partnership Director for Phoenix DAO Foundation. Before joining the team, my career experience spans through the academia working as a lecturer in a tertiary institution, then later as a quality control officer. Much recently I’ve been working as a Data Scientist and Machine Learning Engineer with focus on Computer Vision. While at all these I’ve always been fascinated by the power of Blockchain in solving real-world problems better than the common centralized system we have now, which was how I started my journey into studying blockchain/crypto and it’s various application. I’ve had over 5 years of experience already in this niche, covering sales, marketing, writing and biz dev. My role with PhoenixDAO Foundation involves seeking partnership opportunities and seizing them as quick as possible.

Syed Fahad Hussain: This is Syed Fahad Hussain, Blockchain developer and enthusiast. Involve in this technology since more than two years, last listed in the top 50 Blockchain developer from all over the Pakistan. Working as Global Blockchain Directore for Phoenix being a core team member.I am running my own startup with name XORD.ONE, from the past two years that aim to work in the cutting edge technologies that involves Blockchain.

Q: As a community-driven project, how can I contribute my quota to your success? Do you have a Global ambassadorial Program or Referral Reward System? Do I get any benefits from holding $PHNX token in the long term?

A: we have an ambassadorial program where people can apply to join from any part of the world. Our success depends on how much the community gets involved, hence why it is open to all. Basically there’ll be so many avenues to earn PHNX by holding. We are working some modalities around that. Just like we are aware one of the buzzwords in the DeFi space now is staking. We’d be looking to roll out a program where people will be able to stake and get rewarded for supporting the platform. I’m also aware our partner Numio(www.numio.one) are working this out too as a feature in the Numio Vault. The opportunities with what we’re building are endless, so best to follow and watch as we evolve. Here’s the link to apply to become an ambassador:

Hope this answers your question.

Q: There are plenty of players in Defi as on date, so how are you planning out to meet the stiff competition from competitors and to attract more user to use your platform in the future?

A: DeFi is awesome! We love what it enables for finance, inclusion, and how you can interact with a more powerful global economy. It’s truly giving more power back to people.

While some aspects of what is being built at PhoenixDAO is related to DeFi, our products at Numio are directly focused around this industry- primarily payments, non-custodial asset management, and digital identity management.

Our mobile app, Numio Pay, enables for gasless P2P & POS (point-of-sale) payments, digital identity management, and a sweet authentication solution that we have built, and this video shows how it interacts with our second product, Numio Vault

Numio Vault is a webapp wallet, and you can think of it as a non-custodial asset management product or even similar to a traditional bank account. Vault is gasless, keyless, enables you to gain interest on your holdings (and make loans), fiat ramps, trades through DEX liquidity, as well as our additional features. Some aspects of our vault, which make it quite unique, are multi-sig, a fancy smart contract called Dead Man’s Switch, rate limiters, whitelisting of addresses, and later we will be enabling for private transactions. Happy to go into more detail about how we plan to target the next 1M people to come into DeFi & blockchain through our products.

Q: How does PhoenixDAO engage governments and businesses using PhoenixDAO blockchain technology?

A: Both governments and businesses need better authentication processes as hacking attacks are just as prevalent today as 20 years ago. Phoenix Authentication and Phoenix Identity protocols add extra layers of security for both governments, businesses, and their citizens/clients to interact with them in a much more secure manner.

Phoenix Authentication protects against phishing attacks, while Phoenix Identity and Phoenix Storage protocols protect against identity theft.

In addition, the tokenization protocol can enable any user, company, or government to deploy security tokens attached to either real world assets, or even traditional assets (like traditional stocks or bonds).

Q: What is the current status of personal identity management? What are the problems you are aiming to solve here?

A: Products, when operating as a standalone solution, are not very interoperable.

They lack communication between the application layer (though ENS has helped with this), but the important piece is how it can be used for aspects of products through things like reputation. This is seen more in the application layer, and is generated through interactions with social networks, or other users.

The DAO, which will be released (the phoenixDAO team can speak more on this product), is going to be using Phoenix Identity, along with some of the other dApps that the community are working on, which will be using an on-chain identity layer.

Numio Pay has built the ability to store different types of personal data for KYC/AML, where it can then be used universally. Your Identity, Your Security.

Q: What are the ways that PhoenixDAO generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both investor and your project ?

A: The cool thing about PhoenixDAO is that we plan to be a self-sustaining ecosystem over time. Our whitepaper explains how we plan to create a DAO, and let the ecosystem determine how successful the community becomes.

One of the great parts of the project is our community, their involvement in development & the end success of what is being created. The way the tokens will be effectively distributed are through a version of liquidity mining, but in the aspect of voting (not like AMM where you see with DEXs).

The whitepaper helps to explain this process:

https://github.com/PhoenixDAO/PhoenixDAO-docs/blob/master/PhoenixDAO_White_Paper_V1.1.pdf

Q: What’s the difference between Numio pay and Numio vault, what role play those in the Phoenix ecosystem?

A: Numio Pay is a mobile app (think of it as a hot wallet) for P2P and POS payments.

Numio Vault is more of a locked-down wallet- similar to that of a cold-storage solution but doesn’t require any hardware.

You can see how we are utilizing PHNX and interacting with the PhoenixDAO ecosystem here as a part of our partnership:

PhoenixDAO reaches professional agreement with Numio

We are pleased to announce that PhoenixDAO has now entered into a professional agreement with Numio.

medium.com

Q: Currently we all know defi hype/projects are really trending could you please explain how what is the role of PHNX in defi concept? What is the focus of the team at the moment in terms of development?

A: Among many other we may not be able to share now, main focus is completing the DAO platform as soon as possible. This will further help us get everyone involved in determining the direction of the project together with the foundation we’re laying now.

Q: The first goal of any blockchain project is the security of their users data and funds. How can PhoenixDAO effectively provide security, especially from hackers and various attacks?

A: Blockchain is name of Trust and when it comes to the decentralization it create a trust layer, for the security reasons DAO and Numio that is associated with the Pheonix is not holding user sensitive data on cloud and local storage.All the funds and data will remain in the access and local storage of user.

Numio is using Phoenix Authentication and Identity protocols in our apps Numio Pay (mobile app) and Numio Vault (secure web based wallet). We chose to use Phoenix Auth for logging into our Vault product as it guards against phishing attacks by bad actors. Users scan a QR code on the Vault login screen with their Pay app and don’t have to worry about shuffling through Google Auth codes or accidentally typing that code into a phishing website. (which has happened to many people in the past few years).

Phoenix Identity protocol allows us to assign an identity to a device to approve any type of identity requests. User identity details are individually encrypted and stored in our NumioCloud technology which does not require users to hand over their personal identity information to 3rd parties. The business or government requesting the data can just verify your identity via an easy onchain check, while the user keeps their data secure and off of 3rd party centralized servers.

Q: Do you consider DID as the solution to identity problems and kyc issues in crypto space?

A: Yeah, especially for where you have products built to be very interoperable systems like what PhoenixDAO suite of protocols allows.

Q: You aim to fast-tracking blockchain adoption, what are you doing to spread and ensure the general acceptation of blockchain on global scale?

A: By building or encouraging our partners to come up with easy to use products that takes away the current complexity found with most Blockchain/Crypto products yet without compromising quality.

Q: Southeast Asia is a very vibrant market & most exchanges are competing campaigns in there to entice users and grow, with PHNX see how Southeast Asia is and do you plan to develop & expanding in there?

A: True. This is an area we are currently exploring in terms of partnerships and opportunities to be a major player in the market. I can tell you that we are making progress in that front

Q: In what areas are you focusing on most for late 2020?

A: Simplest answer is:

DAO — Completely Decentralized System

Staking dAapp — Where user can stake and earn upfront rewards

Event dApp — this will be dealing all the event related stuff

dApp Store and much more that is under brainstorming right now!

Q: The most used authenticator is in fact Google authenticator, what improvements are made from Phoenix Authentication Blockchain-based two-factor authentication in comparison, and what is your strategy to reach adoption from the community?

A: You should definitely check out the authentication solution we have developed. It uses the same concept of Phoenix Auth whereby you can authenticate actions within the product layer from on-chain addresses and/or identities.

It’s pretty innovative technology.

In order to hack into this auth process, this is how you do it:

1. Double spend the ethereum network. (You do this to determine the onchain identity authenticating)

2. Hack into the Numio API

3. Hack into the network of mobile devices retaining full control of them all locally, and then you can determine which one is going through the authentication process because the identity is connected to a user’s unique device

In essence, it’s virtually impossible to hack into it. It also helps protect from phishing, sim-swapping, and obviously hackers 😎

Watch this video, and let me know what you think!

Q: What are the uses cases of the PHNX in the real world? And Which methods exist to obtain PHNX tokens?

A: We have various dApps being built. Some nearing completion and ready for testing. Suffice to add that we have a dApp store where people can build and host their Apps. We also have an event dApp that is about ready to go out and much more. All these will be powered with PHNX. Massive use case

More on use case.You can see how PHNX will be useful in running the DAO platform we’re building

First Look: Building the DAO

Building the DAO

Building the DAOmedium.com

Q: Phoenix Dao is the life of the new #decentralized global economy, how robust are you to serve the global economy and meet 21st century DeFi and payment needs?

A: We are growing, but knowing the key areas where we offer solutions will better allow you to understand how robust we can be in the near future. Our core protocols serve needs in the areas listed below:

1. Phoenix Identity — Powered by ERC-1484, this protocol creates digital identities and allows for dApps, apps, and APIs to be developed on top with an interoperable identity layer.

2. Phoenix Authentication — Blockchain based two-factor authentication for consumers and business use cases.

3. Phoenix Payments — Smart contracts to facilitate payments without a 3rd party escrow service.

4. Phoenix Storage — File storage smart contracts built on IPFS.

5. Phoenix Tokenization — Compliant tokenization of any physical or digital asset on-chain using Phoenix Identity and Authentication protocols.

Robustness can be tied to the much solution people can build on a single linked platform. That’s why we see a big future in PhoenixDAO

Q: Can you explain your relationship with the rest of your partners, #Crevataly, #Bittrex and #Xord? I only know a couple, if you want to add something more about #Numio it would be fantastic?

A: Crevatal and Xord are more technical partners of Phoenix,

Where #CREVATAL are more involve in design and #XORD is responsible to design architectures of dApps. Phoenix is taking their service to build the ecosystem.

Please find the Marco message for the more updates on Numio.

Q: How PhoenixDAO is different from other DAO’s?

A: Part of what differentiates us from other DAO’s includes:

1. All spending will be voted on by the DAO and every PHNX spent posted on our running budget page.

2. The Phoenix DAO does not rely on donations; it is self-sustaining through the Phoenix dApp Store.

3. By participating in governance, you can earn PHNX.

4. Open framework for participation, and enables anyone around the globe to push the ecosystem forward.

5. By staking your PHNX into the contracts, you are able to earn rewards.

Q: Why build on Ethereum? Can you also apply your technology to other blockchains in the future, if necessary?

A: So far they are the closest to what a decentralized network should be or look like. We don’t plan to migrate any time soon, but we are built in such a way that we can migrate if there’s need to in the future.