Phuture is a cryptocurrency index platform that simplifies investing in crypto. It is based on an open design philosophy that creates passive investment strategies. Phuture provides users with tools to create new indices and invest in existing indices created by others. The platform offers a user-friendly interface and powerful instruments, such as the Index Creator, which simplifies index creation. The protocol supports scalability by allowing a single swap to rebalance multiple indexes simultaneously. Phuture raised $1.5 million in a private seed fundraising round in May 2021.

The founders of Phuture are Charles Storry, the Head of Growth, who previously worked at SVK Crypto; Alex Melnichuk, the Tech Lead, who co-founded Pragma Development Studios; and Oliver Mehr, the Head of Product, who also worked at SVK Crypto.

Phuture allows anyone to launch their indices using assets on the Ethereum blockchain. It supports new sectors and enables PHTR token holders to influence the protocol's development. The platform minimizes opportunity costs by using third-party profitability optimizers. Phuture ensures rebalancing and off-platform performance by merging index assets into groups of similar assets. It collects liquidity across the Ethereum network through the 0x API and implements a rebalancing range formula to keep the system safe during price movements. Phuture's aggregate design improves asset performance and utilizes keepers for protocol functions.

PHTR is the utility token of the Phuture protocol. It performs functions such as governance, user rewards, stimulating activity, and raising capital. Token holders have voting rights and can influence protocol development. The total supply of PHTR is 100,000,000 tokens, allocated to the team, foundation, advisors, seed sale, and public sale. As of May 2021, no tokens have been publicly released, but an initial DEX offering (IDO) on the Polkastarter platform is planned.

PHTR is an ERC-20-compatible token built on the Ethereum blockchain. All activity on the Phuture platform is handled automatically by smart contracts.

As of May 2021, PHTR is not yet listed for trading on any exchanges. Stay updated on crypto events with the CMC calendar and learn how to buy Bitcoin and other tokens with our detailed guide.