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AMA review 28 May , 2022

Published May 30, 2022 05:59
Last update Dec 29, 2022 06:04

The mobile part of the first phase of blockchain testing has come to an end. No problems were detected and all components work as they should. More than 200 people have already joined the network, although we planned for only 100 people. In 2 weeks, the total income of system members has reached about 1000 FNM or 100,000 FENOMY BEP20.

We have looked at the operation capabilities of different devices and found features that complicate work in the system network. This is due production specifics, the difference between custom systems and original ones. There are ways to improve system network activity for custom devices.

Tracker update – optimized for more convenient tracking, searching and sorting information.

After a successful first stage of testing, we are starting the second stage, which will last throughout June.

Reputation (FR) and the minimum BEP20 tokens balance will soon be taken into account in payouts for system network tasks. At the moment the reward sum for network tasks is fixed, but it 
will become dynamic in the future.

The mobile and web application will be updated soon. The updates are primarily related to further stabilizing operations and participation in the blockchain network.

We have introduced Chinese into our mobile app.


Financing. Fenomy is a self-funded project. All project investors are considered as partners and founders of the project. We also use tokens, but no more than 10% of total expenses and they are mainly spent on marketing.

Developers. The project is being developed by a community, that lives in 13 countries. There are 3 companies in 3 countries that provide the legal status of hiring.

Road map. Developments are proceeding according to plan with minor shifts. A roadmap update is in the works and will be up soon. For example, there is no integration with DAPP in the current roadmap, nevertheless it has been done and implemented. This was an important and big task that has required optimization of the whole authorization system.

Tokens. 1/3 of all tokens will not be traded at all, they are locked, another 1/3 is in liquidity and in the ownership of partners. Now only 1/3 of the tokens is traded and will be traded for a long time.

XT. We will not develop this line of work in any specific manner. We are an atypical and long term project and regardless of the market situation, we will continue our development. We are focused on partner tasks. Soon we will be able to introduce our new and old partners and will be able to take part in ensuring key security issues at events planned this summer and fall.

The cost of tokens. The cost is not tied to project success, but more to other cryptocurrencies. There is no need to evaluate the project success by the token price. This is not and objective means of measure and does not accurately reflect the situation.

Companies or communities using Fenomy algorythms.

1. People’s dispatch community.

2. A security company that implements our algorithms for smart devices.

3.This summer our partners will use Fenomy algorythms for security at public events.

Fenomy Team reserves the right, at its discretion, to change, modify, or remove portions of the announcements at any time by posting the amended version on the website.

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