Phuture builds cutting edge onchain asset management infrastructure for crypto indices, and we firmly believe that our technology should be widely available across all the most popular blockchains.
Deploying onto additional chains provides us with the following benefits:
- Increased market share and availability of Phuture powered products
- Creation of new products that provide exposure to new ecosystems and sectors
- Greater access to product integration opportunities
- Galvanise new communities into supporting and following Phuture powered products
The Phuture Foundation operates products across both Ethereum and Avalanche, via the PhutureDAO which is controlled by $PHTR holders. The PhutureDAO resides on Ethereum. Not having a native brand and token on Avalanche has limited our ability to incentivise, grow, support and cultivate a thriving community. We don’t believe this is the most effective way to roll out a multi-chain strategy, preferring instead to launch chain specific subsidiaries with their own brand and token. We see this providing the following benefits:
- Greater buy-in from the ecosystem, ensuring increased marketing support and access to chain specific incentive programmes
- Ability to create our own incentive programmes to support product growth
- Provide a vehicle for users to buy into the success of index and structured products on their chain
- Ensure revenue is reinvested into the chain rather than transferred away
- Facilitate both private and public funding to maximise growth and ensure long term viability
Each subsidiary will be organised as a sub-DAO within the Phuture Foundation to provide the legal framework for the subsidiary’s token to own the assets held in the treasury address.
The licence model
Phuture v2 will be released under the Business Source License 1.1 agreement. This prevents third parties using the protocol in a commercial capacity for a specified period of time, unless they’ve been granted a licence. The PhutureDAO governed by $PHTR will have the ability to grant additional licences to any project, including subsidiaries, that are seeking the use of Phuture v2, providing a community vote is conducted and passed successfully.
As part of each agreement the licensee will agree to a set of remuneration terms. These terms will vary depending on the use case, but for Phuture subsidiaries will likely include:
- PhutureDAO to receive X% of revenue generated by products launched on Phuture v2
- $PHTR holders to receive an airdrop of X% of the total supply of the subsidiary’s token
Each subsidiary that receives a grant will strengthen the financial position of the PhutureDAO by providing an additional source of revenue. Moreover, the airdrop will generate significant interest for the $PHTR token from external communities, reward our existing investors and improve token metrics across the board.
Multi-chain dominance
We’ve been steadfast contributors to the progression of onchain index and structured products since 2021. Our latest technology is pioneering new use cases and possibilities that will culminate in better, more exciting products that outperform and deliver wider coverage of the crypto markets. Our mission is to ensure index products powered by Phuture are available everywhere.
We are collaborating closely with some of the most exciting blockchain ecosystems to deliver a range of new products through natively deployed subsidiaries. If you would like to benefit from index products on your chain please get in touch with us via our socials or email info@phuture.finance.
We will be announcing the launch of our first subsidiary soon, so stay tuned!
Phuture Team
