Kriptoks

Phuture (PHTR) is a unique crypto index platform that simplifies investing in cryptocurrency. The platform is based on an open design philosophy that creates passive investment strategies, providing users with the necessary tools to create new indices and invest in existing indices created by others.

One of the platform's benefits is its user-friendly interface and set of powerful instruments, such as the Index Creator, which simplifies index creation by offering customizable parameters like automatic sector tracking and dynamic weighting methods.

Phuture's protocol is designed to provide scalability by allowing a single swap to rebalance multiple indexes simultaneously. The mechanism calculates the optimal assets for rebalancing and determines the acceptable ranges of weights. As a result, the platform supports hundreds of indices, minimizes loss of value during trades and improves index productivity.

In May 2021, Phuture protocol announced the completion of its private seed fundraising round, raising $1.5 million with the backing of prominent VC firms, including Ascensive Assets, NGC Ventures, SevenX, Origin Capital, Waterdrip Capital, Moonrock Capital and D64.

Phuture allows anyone to launch their indices using assets on the Ethereum (ETH) blockchain. The project's index portfolio grows along with the market, supporting new sectors. PHTR token holders can dynamically influence the protocol's development and actively participate in making critical decisions. By using third-party profitability optimizers, Phuture minimizes opportunity costs.

Rebalancing and off-platform performance are ensured by merging index assets into groups of similar assets. Phuture can scale up when numerous indexes are added to the platform because of this aggregated design.

Using 0x API, Phuture collects liquidity across the Ethereum network, allowing access to a wide range of assets and improving execution. At the same time, there is no liquidity recovery phase, meaning that users can create indices with any assets without restrictions on one-way deposits — but only at the initial stage.

Phuture's rebalancing range formula prevents the rebalancing system from working unexpectedly and is triggered when the asset price goes out of range. It is one of the functions that keep the system safe during significant price movements.

To produce extra yield and withdraw assets, the platform must maintain a necessary reserve level to support rebalancing and maturity. To ensure the continuous operation of the platform, Phuture uses keepers to perform the basic protocol functions: rebalancing, recapitalization and reweighting.

Phuture's team is led by Charles Storry as Head of Growth, who previously worked at London based Venture Capital firm SVK Crypto in a partnership capacity, Alex Melnichuk as Tech Lead, who cofounded Pragma Development Studios and has over ten years of experience in software development, and Oliver Mehr as Head of Product, who also worked at London based Venture Capital firm SVK Crypto in a partnership capacity.

Overall, Phuture (PHTR) offers a comprehensive platform that simplifies cryptocurrency investing through its open design philosophy, powerful instruments, and user-friendly interface. With the ability to create new indices and invest in existing ones, PHTR token holders can dynamically influence the protocol's development and actively participate in making critical decisions. The platform's rebalancing mechanism and keepers ensure the safety and continuous operation of the platform, while its scalability allows it to support hundreds of indices and improve index productivity.