what's Phenom Poker?
Phenom Poker is the first decentralized online poker platform, fully owned and governed by its player community. It offers a variety of games including Texas Hold'em and mixed poker formats, with players maintaining full control over their funds through non-custodial wallets for instant deposits and withdrawals. The platform features the $PHNM token, enabling community governance and earning mechanisms like The Escalator, which provides flexible reward paths without mandatory locks or instant boosts via hard-locks. A public roadmap details ongoing developments in tournaments, games, and features.
Phenom Poker's AMM LP pool launched and was completely drained.
Links
x.com/phenompokerappLaunched an AMM LP pool for the token which was then completely drained.
Migrated token to Base chain and changed tokenomics model from treasury-based redemption to free-floating price, while maintaining 50% of weekly rake distribution to token holders.
Generated approximately $100,000 in weekly rake.
CEO Matt and other team members plan to lock all their tokens with longer lockup periods.
Upcoming features include Chinese Poker and Run It Twice game modes, with expansion plans for prediction markets, casino games, and sports betting on the platform. Token holders will receive voting power similar to shareholders.
Platform offers rakeback and referral rewards in PHNM tokens, providing token holders with ongoing revenue share from global rake collection.
Two major freeroll tournaments launching in June with $30K total prize pool and 200% deposit bonus up to $4K available.