Scam site, the 1.8% passive income is a trap and a lie.
Phenix Finance claims that by simply buying and holding their PHNX token you gain 1.8% profit daily but if you look at their dex screener page their token price drops 1%-30% daily since its an inflationary token so the money that you put in will keep going down in value. I put in $1,800 when I started with them and 35 days I had double the amount of PHNX tokens that I started with but my $1,800 had turned into $1,200 due to their token price constantly going down over the 35 day period. I asked on their Discord group if it was normal for this to happen and the mods told me that I dont have to worry and if I just keep my money in their token after 3 months or so I should be in profit. Well I trusted them until one day they had a bunch of people selling off at the same time and that $1,200 that I had left turned into $600 so I sold at a loss before my money would go down to almost zero. One other thing that also irks me about these guys is that they have a 20% transaction fee on all buy/sell orders so if you dont set the slippage to 20% your order wont go through. Phenix Finance is constantly promoting their NFT's so its their #1 priority. People who hold the NFT get PHNX tokens and loot boxes for staking their NFT's on Phenix Finance's website. Some NFT whales get thousands of dollars each month in tokens from staking NFT's and then they dump all those tokens for sale when they claim profits which causes a constant downward pressure on the token price from inflation + the whales selling off the tokens for a profit. Dont get scammed, avoid Phenix Finance.
By Wise W.