INTERNET CITY, DUBAI, December 13, 2021 – LBank Exchange, a global digital asset trading platform, will list Phaeton (PHAE) coins on December 16, 2021. Accordingly, for all users of LBank Exchange, the PHAE/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on December 16, 2021.

While blockchain technology can be used to make significant financial gains, there is no doubt that it can also improve people's lives around the globe. Phaeton is here to create sustainable environments for future generations with a philosophy of utilizing blockchain technology to make the world a better place for all communities. Its native PHAE coin will be listed on LBank Exchange at 18:00 (UTC+8) on December 16, 2021, to expand its global reach further and help it achieve its vision.

Introducing Phaeton

Phaeton is a blockchain technology and services company that has created a blockchain platform to make a social impact. With a suite of established technology, Phaeton Technology, under a strong management structure, is creating a social impact platform that incubates, develops and collaborates with new and established business enterprises that address social and environmental challenges in line with the United Nation's Sustainable Development Goals.

With a mission of finding current social problems within its communities, Phaeton seeks solutions through blockchain technology. Phaeton wants to collaborate with all business levels, government agencies, not-for-profit organizations, impact investors, philanthropists and technologists as well as any other enterprise that wants to make a social change. These include affordable housing and community development, renewable energy and conservation, carbon credits and climate change, health and wellness, education and social infrastructure, small business and microfinance, sustainable products and agriculture, supply chain management and more.

Phaeton blockchain has a decentralized ledger system with a 250kb block size (potential of one million transactions) and five-second creation time. It's based upon the delegated proof of stake plus delegated Byzantine fault tolerance (DPoS + dBFT) consensus algorithms, improving energy efficiency. Phaeton remains an independent blockchain that focuses on providing a platform for enterprises to use, whether for monetary, transaction, data or smart contracts. The ability for individuals to host a node is critical for the speed, scalability and security of the blockchain.

There are also Phaeton-branded projects that compose the Phaeton ecosystem. These include the Phaeton network, a first of its kind modular off-grid data centre aimed at reducing carbon emissions; Phaeton Smarter Housing, a new generation of housing that incorporates the latest digital and construction technology; the Phaeton Real Estate TNFT Marketplace, where real estate enthusiasts and investors can trade TNFTs; the Phaeton Artemis nodes, which are full nodes with a staking model responsible for validating transactions to maintain the consensus algorithm; the Phaeton Identity, a blockchain identity management solution; and so on.

Phaeton intends to test most of the branded projects in Australia to ensure their success. After that, the aim would be to promote these internationally. Approached by three stockbroking organizations to list on the Stock Exchange, including the ASX, TSX and NASDAQ, Phaeton is pursuing the latter, intending to list in 2022 formally.

About PHAE coin

The PHAE coin is the native coin to the Phaeton blockchain and is used for transaction fees, delegates and rewards in the ecosystem. All staking interactions on the Phaeton blockchain ecosystems are done through PHAE, governed by the validators who are part of the DPoS community. This governance model empowers holders of PHAE coins in real terms regarding the platform's governance. 

The PHAE coin will be listed on LBank Exchange at 18:00 (UTC+8) on December 16, 2021. Investors interested in Phaeton investment can easily buy and sell PHAE coins on LBank Exchange by then. The listing of PHAE on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

The PHAE coin is a commodity-backed cryptocurrency whose value will increase as the businesses that back the token value experience growth and development. Due to the smart contract and sidechain functionalities that enable the development of solution suites on the Phaeton blockchain, Phaeton has developed various solutions on the blockchain that will be launching soon to boost the value of the PHAE token. The solutions so designed are variant and span industries such as identity management, TNFT real estate, Internet of Things, carbon credit and cryptocurrency staking.

Some of the projects launching soon are Phaeton Real Estate, Phaeton Identity, and Phaeton Smarter Homes. Phaeton Real Estate is a TNFT real estate project that will see Phaeton construct a series of estates for residential and commercial purposes. The company plans to site some of its data centers and power facilities within these estates. Smart Identity aims to use blockchain technology to solve identity management problems without compromising the users' privacy. Phaeton Smart Identity seeks to give control to the owners of data and create a unified identity for users across all possible domains. Finally, Phaeton Smarter Homes is an Internet of Things solution that leverages blockchain solutions to present a secure, safe, and fast interconnection of home appliances and energy supply for comfortable use and energy efficiency.

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About LBank Exchange

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