Phoenix is a complete blockchain infrastructure platform for smart Web3 applications. Phoenix provides blockchain-native solutions for scaling data-intensive applications, and enables advanced analytics, MPC (multi-party computation) and AI capabilities for Web3 applications and dApps.

PHB is the native token of the network. The current use cases of PHB include: 1) Value unit, as the value unit of all main network transactions; 2) Layer 2 network points: Data points that can be converted into Layer 2 networks; 3) Oracle points, which can be used for Phoenix oracle Data usage points; 4) Pledge: PHB can be pledged through the Phoenix pledge system.