Phuture: Revolutionizing Passive Index Strategies on Web 3.0

Phuture is a groundbreaking protocol that aims to create and invest in passive index strategies within the context of Web 3.0.

The Phuture platform follows an open design philosophy, allowing users to easily create their own investment strategies. It provides users with the necessary tools to create new indices or invest in existing indices created by others.

One of the notable features of Phuture is the Index Creator, which simplifies the process of index creation by offering customizable parameters such as automatic sector tracking and dynamic weighting methods.

The protocol is designed for scalability, enabling a single swap to rebalance multiple indexes simultaneously. It calculates the optimal assets for rebalancing and determines acceptable weight ranges, resulting in the support of hundreds of indices, minimal value loss during trades, and enhanced index productivity.

In early May 2021, Phuture protocol successfully completed its private seed fundraising round, raising approximately $1.5 million with the support of well-known VC firms including Ascensive Assets, NGC Ventures, SevenX, Origin Capital, Waterdrip Capital, Moonrock Capital, and D64.

The Visionaries behind Phuture

Charles Storry - Head of Growth. Prior to co-founding Phuture, Charles served in a partnership capacity at SVK Crypto, a London-based Venture Capital firm.

Alex Melnichuk - Tech Lead. Before co-founding Phuture, Alex co-founded Pragma Development Studios. He possesses over ten years of experience in software development.

Oliver Mehr - Head of Product. Prior to co-founding Phuture, Oliver worked in a partnership capacity at SVK Crypto, a London-based Venture Capital firm.

What Makes Phuture Stand Out

Phuture allows anyone to launch their own indices using assets on the Ethereum (ETH) blockchain.

With its index creation tools, Phuture accommodates new sectors as the market expands, and PHTR token holders can actively contribute to the protocol's development and decision-making. Phuture minimizes opportunity costs by utilizing third-party profitability optimizers.

Rebalancing and off-platform performance are ensured by merging index assets into groups of similar assets. This design enables Phuture to scale up when numerous indexes are added to the platform.

Phuture collects liquidity across the Ethereum network using 0x API, providing access to a wide range of assets and improving execution. There are no restrictions on one-way deposits at the initial stage, allowing users to create indices with any assets without limitations.

Phuture's rebalancing range formula ensures the system's safety during significant price movements by preventing unexpected behavior of the rebalancing system. This function is triggered when the asset price goes out of range.

Additionally, Phuture's aggregate design enhances asset performance. The platform maintains a necessary reserve level to support rebalancing and maturity, generating additional yield and allowing withdrawals.

To ensure the continuous operation of the platform, Phuture employs keepers to perform essential protocol functions such as rebalancing, recapitalization, and reweighting.

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The Circulating Supply of Phuture (PHTR) Coins

PHTR serves as the utility token of the Phuture protocol, fulfilling various functions such as governance, user rewards, stimulating activity, and raising capital.

Token holders possess voting rights and can influence the protocol's development and make improvement suggestions. Staking PHTR grants users ePHTRs that generate income. PHTR tokens are also utilized to increase the liquidity of indices. Custodians earn PHTR by performing crucial tasks for the platform.

PHTR has a total supply of 100,000,000 tokens, allocated as follows: 25% to the team, 53% to the foundation, 3% to the advisors, 18% to the seed sale, and 1% to the public sale.

As of May 2021, no tokens have been publicly released. However, the team has announced an initial DEX offering (IDO) on the Polkastarter platform.

Ensuring the Security of the Phuture Network

PHTR is an ERC-20-compatible token built on the Ethereum blockchain. All activities on the Phuture platform are automatically handled by smart contracts.

Where to Purchase Phuture (PHTR)

As of May 2021, PHTR is not yet available for trading on any exchanges.

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