Phunware Inc (NASDAQ:PHUN) has announced that its PhunToken (PHTK) is now available on the Uniswap decentralized crypocurrency exchange.
The company said ecosystem participants leveraging Uniswap will need to use the PhunToken Contract Address in order to import PHTK as a new custom token before initiating any swap, while PHTK will remain available for direct purchase on the PhunToken Buy Portal with US Dollars (USD), Bitcoin (BTC) or Ethereum (ETH).
Phunware said it has also launched a new PhunToken website with a streamlined interface to support user-generated content curation, liquidity deposits and yield farming for earning additional rewards.
"We are a real company building a blockchain-enabled ecosystem in the real world that has the potential to responsibly drive the mainstream adoption of crypto by reimagining how brands engage with consumers," said Alan S. Knitowski, president, CEO and co-founder of Phunware in a statement.
"Decentralized exchanges like Uniswap greatly expand the awareness and accessibility of digital assets like PhunToken by providing mechanisms for making markets, providing liquidity and enabling rewards for engaged participants," he added.
READ: Phunware launches its PhunToken liquidity pool rewards program for a trading pair with Ether
With the launch of the new PhunToken website, Phunware said that additional resources available include, but are not limited to:
- User Generated Content. Find, access and easily share creative content from across the growing Phunware community by following #FeedThePhun
- Liquidity and Market Making. Pair PHTK with ETH on Uniswap to deposit liquidity, assist with the decentralization of swaps and earn rewards on fees generated by swaps
- Yield Farming. Earn PHTK rewards through liquidity incentives to not only foster a healthy operational ecosystem, but also more rapidly accelerate the global decentralization of PHTK
- Eligibility Whitelisting. Become eligible to earn PHTK rewards for providing liquidity
- As the PhunToken ecosystem grows, brands and consumers alike will be able to use PhunToken to access the features and functionality of Phunware's Multiscreen-as-a-Service (MaaS) platform, which is designed to enable contextual engagement
Phunware is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale.
The company's Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & PhunToken) and analytics, as well as a mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application and vertical solutions.
Phunware helps the world's most respected brands create category-defining mobile experiences, with approximately one billion active devices touching its platform each month when operating at scale.
Contact the author at jon.hopkins@proactiveinvestors.com