> For the complete documentation index, see [llms.txt](https://phoenixdefi-finance.gitbook.io/phoenixdefi-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://phoenixdefi-finance.gitbook.io/phoenixdefi-finance/master.md).

# Introduction

## What is PhoenixDefi Finance <a href="#id-6f87" id="id-6f87"></a>

PhoenixDefi is a very promising project on BSC. We arm to maximize your investment with the most sustainable and secure

## What is PNIX token? <a href="#id-6f87" id="id-6f87"></a>

PNIX token is a next generation reflective deflationary protocol built on Binance Smart Chain.

Its native reflect token PNIX is capable of gasless instant yield generation. This means that holders can generate yield just by holding the token in their wallet, without any further action required.

**How does the protocol work?**

A 3.54% fee is charged on each transaction done with the PNIX Token.

1% Will be BURNED 🔥&#x20;

2.5% Will be redistributed back to all token holders ♻️

For the people who provide LP to $PNIX there will also be additional rewards. Whenever someone trades, the trader pays a fee. On PancakeSwap, the trader pays 0.25% of which 0.22% is added to the liquidity pool of the swap pair they traded on.

For example:

There are 10 LP tokens representing 10 $PNIX and 10 BNB tokens.

1 LP token = 1 $PNIX + 1 BNB

Someone trades 10 $PNIX for 10 BNB.

Someone else trades 10 BNB for 10 $PNIX .

The PNIX /BNB liquidity pool now has 10.022 $PNIX and 10.022 BNB.

Each LP token is now worth 1.00017 $PNIX + 1.00022 BNB.

Fast, low-cost transactions

👍 Reminder on how to Purchase $PNIX: 4.5% Slippage!


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