Usage of Funds

Usage of Funds

• Development: Continual improvement of the platform’s features and user interface, along with integration of new sports events and expansion into different sporting communities.

• Marketing and Partnerships: Strategic marketing campaigns and partnerships with sports organizations to enhance visibility and utility of the PHRYGES token.

• Sustainability Initiatives: Investments into technologies and projects that reduce the ecological footprint of the Phryges platform, adhering to a commitment to sustainability.

Governance

• Decentralized Governance Model: Token holders have the right to vote on key platform decisions, including token use cases, project development, and the allocation of community funds. Voting power is proportional to the number of tokens held, ensuring that those invested in the platform have a say in its direction.

Security and Compliance

• Smart Contract Audits: Regular audits by reputable third-party security firms ensure the integrity and security of the token infrastructure.

• Regulatory Compliance: Ongoing monitoring and adaptation to global regulatory changes affecting cryptocurrency operations, ensuring Phryges remains a trusted and lawful platform.