Cloud Earning PHT Reduction

Hello Everyone,

We have an important announcement to make today!

Cloud Earning PHT becomes 2 years old! This marks the beginning of a new chapter for PHT and is a huge milestone for the app as well as the PHT Token.

When Cloud Earning PHT first came out, the earning rate was between 10 and 15 PHT daily. Then in August 2019, we started a promotion and bumped the earning rate to ~100 PHT a day. This was an important move in order to give the ability to early investors and adopters to earn more than the normal rate. In 2020, we have introduced the PHT Staking functionality. It came with a promotional functionality to earn between 12% and 60% yearly.

Today, we are adjusting the staking to a 12% yearly rate (still paid out on a monthly basis at 1%), but we are removing the cap on the maximum amount able to be staked.

We are also starting the PHT earning reduction process. The earning is going to be gradually decreased by 10 PHT for each 250 MIL PHT that goes in circulation.

HUGE NEWS FOR VIP MEMBERS!

All active memberships and anyone who activates VIP by the 1st of May 2021, will not be affected by the PHT reduction and will still be earning ~100 PHT/daily times the multiplier rates (x2, x5, x10) until the VIP expires next year.

On behalf of the Phoneum team, we want to thank you all for your continued support and for being active in the early stages of Phoneum development.

Don’t miss the chance to activate VIP and earn more PHT before the rates get reduced!

Start Earning and Staking: https://play.google.com/store/apps/details?id=com.cloud.earning

Stay tuned for more news and updates!

The Phoneum Team

Fone is a decentralized cryptocurrency, that operates on mobile devices via app ONLY. For more information, please visit our website: https://fone.dev/