Phala Network (PHA)

$0.1

+1.94%

Stay updated on Phala Network (PHA) with live charts and instant updates. Get a full view of the PHA market, learn how to trade cryptocurrencies, and dive into the dynamic world of digital finance. Stay informed with detailed news and market insights to understand the factors influencing PHA prices.

Phala Network (PHA) Price Real Time-Data

The live price of PHA is $0.1 with a 24-hour trading volume of $7.98M. Its 24-hour peak value is $0.11, and its 24-hour low is $0.1. The current circulating supply is 751.12M PHA, leading to a fully diluted market capitalization of $81.78M. Phala Network (PHA) to USD price is updated in real-time.

What is Phala Network (PHA)?

Phala Network (PHA) is the AI execution layer for Web3, enabling AI to interact with blockchains. It allows the creation of tamper-proof and unstoppable AI agents integrated with on-chain smart contracts, enhancing the functionality of blockchain technology.

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FAQ

Who are the founders of Phala Network (PHA)?

Phala Network was co-founded by Marvin Tong, CEO of HashForest Technologies, and Hang Yin, the CTO of HashForest Technologies and the founder of Bitcoin Gold.

How many Phala Network (PHA) are there?

Phala Network has a maximum supply of 1 billion PHA tokens. As of May 29, 2024, the circulating supply is approximately 724,199,827 PHA tokens.

What are the potential use cases for Phala Network (PHA)?

PHA tokens are used for accessing trusted computing resources, staking for security guarantees, and participating in Phala DAO for community governance. They enable the deployment of AI agents, smart contracts, and decentralized applications on the network.

What is the history of Phala Network (PHA)?

Phala Network was founded to bridge AI and blockchain technology. It provides a secure and decentralized platform for AI agents, leveraging a hybrid Blockchain-TEE system. The network supports innovative applications like AI Agent Contracts, Agent Wars, and Redpill to enhance Web3 services.