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Phala now listed on Cryptology!

January 25, 2024
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Buy, sell and trade PHA

📈 Spot trading of PHA/USDT is live


What is Phala?

Phala is a blockchain coprocessor that is making smart contracts even smarter. 

By providing dApp developers with an off-chain compute infrastructure that’s trustless and decentralized, Phala is supercharging Web3 for developers and consumers alike.

Phala connects Smart Contracts to their off-chain programs called Phat Contracts. These empower developers to level-up their dApps with serious computation power, seamless cross-chain integrations, and impeccable internet connection. 

It takes just a few minutes to integrate Phat Contracts thanks to Phala’s no-code developer experience via Phat Bricks.


The PHA token

PHA is the native utility token for the Phala Network. It’s used for:

  • Trusted Computing Resources: Phala Networks empowers users with $PHA to access TEE computation resources. Seamlessly deploy Phat Contracts, supporting smart contracts as self-host oracles on various EVM blockchains.
  • Governance: Stakeholders who own a certain amount of PHA are able to join the Phala DAO to participate in community governance.
  • Security Guarantee: Gatekeepers must stake a certain amount of PHA tokens, which may be slashed for misbehavior.

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PHA market stats:

  • Current market cap: $69,918,631
  • Circulating supply: 664,150,792 PHA
  • Max supply: N/A
  • Twitter: 118,000 followers 

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Trade PHA



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Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Cryptology will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, Cryptology adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

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Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.