Phoenixcoin (PXC): What It Is, Uses and Risks

Phoenixcoin (PXC) is a cryptocurrency launched in 2013 and described as a decentralized, open-source digital currency. Its project history says the first block was generated on May 8, 2013. The coin was originally called Phenixcoin. It was associated with Phenix Crypto Systems Network Inc., whose founders planned to use it in projects including Phenix Poker and Phenix Safe Trade. Those plans describe the project’s early ambitions, not proof that the services are available today.

Phoenixcoin is a standalone proof-of-work coin, rather than a token issued on one of the major smart-contract networks. Public sources do not identify a current dApp ecosystem or a list of supported networks. That makes it important to confirm which wallet or exchange supports the correct PXC network before sending funds.

PXC uses proof of work (PoW), with NeoScrypt identified as its hashing algorithm. In PoW systems, miners use computing resources to help validate transactions and produce blocks; the network’s rules determine how new coins enter circulation. Public information describes PXC as mineable, but the public information available here do not establish current mining activity, network hashrate, or how easy it is to mine profitably.

Phoenixcoin’s early history also includes a planned collaboration. In July 2013, Phoenixcoin joined Feathercoin and Worldcoin in the United Open Currency Solutions alliance, intended to support joint development and promotion. The alliance later fell apart following development and project-management problems and Feathercoin’s withdrawal. This history offers context, but it does not establish the state of Phoenixcoin’s present-day development or adoption.

As of August 20, 2026, the reported circulating and total supply was about 93.2 million PXC, with a stated maximum supply of 98 million. The circulating and total figures were the same, so the reported gap to the maximum was about 4.8 million coins. Supply figures can differ between sources or change as coins are mined, so check current network or market information when precision matters.

PXC was reported at about $0.0206 per coin on that date, with a market capitalization of roughly $1.9 million. Its reported seven-day price change was about -6.9%. These are dated snapshots, not forecasts; prices and market capitalization can move quickly. Reported 24-hour trading volume was unavailable, so the figures do not by themselves show how easily a holder could buy or sell PXC at a particular price.

PXC carries the risks common to small, older cryptocurrencies. Limited trading activity can make it harder to trade without affecting the price, and a low market capitalization can mean sharp price swings. Public sources do not confirm a current dApp ecosystem, active development schedule, or broad exchange and wallet support. A project’s early plans and historical partnerships should not be treated as evidence of current services or demand.

PXC is a proof-of-work coin, so its network and mining conditions may differ from tokens held on widely used smart-contract chains. Before receiving or sending it, verify the exact asset, network, address format, and wallet support using reliable current documentation. Never send PXC to an address for a different coin or network. Keep wallet recovery phrases and private keys offline and private; losing them can mean losing access, and no support team should need your recovery phrase.