The halving is coming closer.
Since the birth of Phaeton (PHAE) on the 18th September 2021 we created our first Genesis Block with a Total initial supply = 500 Million PHAEs + (90 Delegates)
This was created to secure the network. Phaeton consensus is to halve the delegate rewards every 2 years. This is coming with the final locking of rewards of 1 Phae which will be fixed on the next round of halving.
Over the last few months, we have had several meetings with major consulting groups from Australia, USA and UAE. Phaeton has signed several NDA as we discuss some important points on the future of Phaeton and its expansion plan to other jurisdictions.
Phaeton has secured a distribution agreement with a Major Manufacturing company from China and India to support Phaetons Energy expansion plan in battery storage and manufacturing. We have also secured a relationship with an Australian large scale Vanadium Battery for residential and commercial storage of power. Our core vison in creating the largest secure network with battery manufacturers is slowly coming to fruition.
Indigenous Emerging Business Forum (IEBF)
Phaeton was invited to the Indigenous Emerging Business Forum (IEBF) dinner to celebrate young indigenous women in business. It was an event worth celebrating with many celebrities and key indigenous elders speaking about our proud country Australia.
As a business Phaetons Executive team is a huge supporter of Indigenous business and the growth of small business in Australia. We encourage innovation across small business to establish a strong community for emerging technology organizations globally.