What is PNIC Crypto?

What Is the Phoenic Token (PNIC)?

Phoenic Token (PNIC) is a cryptocurrency deployed on the Avalanche C-Chain, designed for on-chain transfers, in-app payments, and community incentives. Unlike Avalanche’s native token AVAX, PNIC is a fixed-supply asset with a capped maximum issuance. Its price is determined by market dynamics of supply and demand. Users pay transaction gas fees (network fees for on-chain operations) using AVAX when interacting on the Avalanche C-Chain.

What Are the Current Price, Market Cap, and Circulating Supply of Phoenic Token (PNIC)?

As of 2026-01-12 04:47 UTC (source: user-provided snapshot), the latest price for PNIC is approximately $0.007399. Its circulating market cap is about $1,882,144.05; fully diluted market cap is roughly $41,103,245.73; circulating supply stands at 254,367,022.35 tokens. Both total and maximum supply are 5,555,000,000 tokens. Price changes: about +0.2290% over 1 hour, -2.3035% over 24 hours, +5.2615% over 7 days, and +125.1025% over 30 days. The 24-hour trading volume is around $73,200.61, with 16 available trading pairs. Market cap dominance data was not included in this snapshot.

Key terms explained:

• Circulating Supply: Number of tokens freely tradable in the market.
• Fully Diluted Market Cap: Theoretical market cap calculated as current price multiplied by max supply.
• Gas Fees: Network fees required for executing blockchain transactions or smart contracts.

Who Created Phoenic Token (PNIC) and When?

PNIC launched on April 7, 2024, operating on the Avalanche C-Chain (an EVM-compatible smart contract platform). Tokens are typically deployed via smart contracts that define minting rules, transfer logic, and permissions. The founding team and detailed background were not disclosed in this input; for updates, refer to the official website (phoenictoken.com) and announcements.

How Does Phoenic Token (PNIC) Work?

PNIC most likely follows the ERC-20 standard, as Avalanche C-Chain is EVM-compatible (Ethereum Virtual Machine). This means PNIC supports standard functions like transfer, balance inquiry, and approval. When transferring PNIC on C-Chain, users must pay gas fees in AVAX. The maximum supply is capped at 5,555,000,000 tokens; according to current data ("Is supply unlimited: No"), there is a fixed upper limit.

EVM compatibility offers several benefits: popular wallets such as MetaMask or Avalanche’s Core wallet can recognize token contract addresses, enabling users to manage PNIC alongside other assets in a single interface. Developers can leverage mature tools for application deployment and integration.

What Can Phoenic Token (PNIC) Be Used For?

Common use cases for PNIC include:

• Payments and Transfers: Settling transactions with merchants or within communities that support PNIC, as well as peer-to-peer transfers.
• In-App Utility: Unlocking features, accessing membership privileges, or participating in governance within certain decentralized applications (subject to project rules).
• Trading and Portfolio Management: Exchanging PNIC with stablecoins or other crypto assets on centralized platforms or DeFi protocols for liquidity management or strategic allocation.

Actual utility depends on project design and ecosystem partnerships; always review official documentation and contract details before engaging.

Additional terminology: A decentralized application (dApp) runs on blockchain infrastructure, with core logic executed by smart contracts, typically without reliance on centralized servers.

What Wallets and Extensions Support Phoenic Token (PNIC)?

• Wallets: Leading self-custody wallets such as MetaMask and Avalanche Core can add the C-Chain network and PNIC contract address for asset management and transfers.
• Hardware Wallets: Devices like Ledger offer offline private key storage for enhanced security.
• Blockchain Explorer: SnowTrace (Avalanche explorer) allows users to view PNIC contract addresses, transaction history, and token holder distribution for risk control and verification.
• Extension Solutions: Through cross-chain bridges or official routing tools, PNIC can circulate among multiple applications. Before bridging, always verify that the destination network and contract address match to avoid asset loss.

Terminology note: Your private key is the core credential controlling your blockchain assets; anyone with access can move your funds. Always back up your keys offline securely.

What Are the Main Risks and Regulatory Considerations for Phoenic Token (PNIC)?

• Smart Contract Risk: Vulnerabilities could result in asset loss or abnormal behavior—always verify contract addresses and review audit findings.
• Liquidity & Price Volatility: Low trading volume or depth may lead to significant slippage and sharp short-term price fluctuations.
• Project Operations & Disclosure: Incomplete information or delayed updates can impact your judgment and expectations.
• Compliance & Regulation: Crypto asset regulations and tax requirements vary by jurisdiction—understand local laws and complete necessary KYC (identity verification) before buying or withdrawing.
• Cross-chain & Counterfeit Tokens: Incorrect network or contract selection during bridging may cause permanent loss; beware of phishing sites and fake contracts.

Best practices: Confirm contract addresses via official channels, use hardware wallets for private key storage, test new processes with small amounts first, and stay informed through announcements and security alerts.

How Do I Buy and Safely Store Phoenic (PNIC) on Gate?

Step 1: Register an account at Gate (gate.com) and complete KYC verification. Enable two-factor authentication in account security settings to increase login and withdrawal safety.

Step 2: Deposit funds via fiat or cryptocurrency; if you plan to withdraw or receive PNIC directly, select the Avalanche C-Chain network to avoid unrecoverable deposits on the wrong chain.

Step 3: Search for PNIC in Gate’s spot trading section to find available pairs (such as PNIC/USDT). Verify token name and contract information before entering the trading page to prevent confusion.

Step 4: Place your trade. Market orders execute immediately at current prices—ideal for quick entry; limit orders let you set specific prices for better control over execution and slippage. Review order size, fees, and order book depth before submitting.

Step 5: Withdraw to a self-custody wallet if you plan long-term holding or want to participate in on-chain activities. When withdrawing, set the network to Avalanche C-Chain, paste your wallet address, and test with a small transfer first; withdraw larger amounts only after confirming receipt.

Step 6: Safeguard your assets by backing up private keys or recovery phrases offline and in multiple locations. Enable hardware signing and address whitelisting for active wallets. Regularly review wallet permissions and revoke unnecessary smart contract approvals.

What Are the Differences Between Phoenic Token (PNIC) and Avalanche (AVAX)?

• Asset Type: PNIC is a token running on C-Chain according to token contract rules; AVAX is Avalanche’s native coin used for gas fees, staking, and network security.
• Use Case Focus: PNIC is mainly for application-specific payments and community incentives; AVAX serves as universal transaction fees, collateralization, and governance across the Avalanche ecosystem.
• Supply Mechanism: PNIC has a fixed maximum supply of 5,555,000,000 tokens; AVAX uses its own issuance and burn model with different inflation dynamics.
• Fees & Interaction: Transferring PNIC still requires paying gas fees in AVAX—thus they are coupled in practical use but driven by distinct price factors.

In summary, AVAX acts as the “fuel” for network operations while PNIC functions as an “voucher” at the application layer; both play complementary roles.

Summary of Phoenic Token (PNIC)

PNIC is a fixed-cap token on Avalanche C-Chain designed for application and community economic scenarios. Current data shows relatively small price and market cap figures with notable volatility and liquidity considerations. Beginners should focus on understanding differences between tokens vs native coins, gas fees paid in AVAX, and verifying contract addresses. For practical use: complete KYC and funding on Gate first, confirm trading pairs before placing orders step-by-step, then withdraw to a self-custody wallet with strong private key management. Throughout research and participation, monitor official site updates, blockchain data, and audit reports—gradually build positions to avoid chasing pumps or excessive risk exposure.

FAQ

Is PNIC Token Suitable for Beginner Investors?

PNIC offers a good entry point for newcomers interested in blockchain learning and hands-on experience but comes with specific risks. As an emerging token, price volatility is high—start with small amounts to familiarize yourself with processes using Gate’s easy purchase and management options. Always research project fundamentals thoroughly before investing; never allocate more than you can afford to lose.

How Is PNIC Different from Stablecoins?

PNIC serves as a project governance token whose value fluctuates according to market supply-demand; stablecoins are pegged 1:1 to fiat currencies like USD with stable prices. PNIC derives value from utility within the Phoenic ecosystem—suitable for users optimistic about its growth—while stablecoins are mainly used for value preservation and transactional settlement. Both are tradable on Gate but have entirely different use cases and risk profiles.

Are There Any Requirements to Hold PNIC Tokens?

You only need a digital wallet and access to purchase channels—no special conditions apply. You can buy PNIC by registering at Gate then withdraw it to your own self-custody wallet (including hardware wallets) for long-term holding or keep it on Gate’s platform. Choose your storage method based on risk tolerance; long-term holders should consider secure hardware wallets.

In What Scenarios Is PNIC Most Useful?

PNIC is mainly used within the Phoenic ecosystem for governance voting, transaction incentives, and application utility. If you want to participate in project decisions or earn yield through ecosystem DeFi applications, PNIC is particularly valuable. For general investors, holding PNIC is more about betting on project potential than daily payments.

How Can I Avoid Scams or Counterfeit PNIC Tokens?

Purchasing through reputable exchanges such as Gate is the safest option; official partner platforms undergo strict reviews ensuring token authenticity. Always verify that contract addresses match those listed on the official site before buying—never click unknown links or use smaller platforms without due diligence. Stay updated via Phoenic’s official community channels and be wary of offers like low-price deals or unsolicited airdrops.

Glossary of Key Terms Related to PNIC

• Token Supply: Refers to circulating supply, total supply, and max supply—reflecting scarcity and inflation expectations.
• Market Cap: Calculated as token price times circulating supply—used to gauge project size and investment potential.
• Fully Diluted Market Cap: Market cap assuming all tokens are released—shows potential value if max supply were fully available.
• Trading Pair: Combinations of tokens traded against other assets on exchanges—the more pairs available, the higher the liquidity.
• 24h Trading Volume: Total volume traded within 24 hours—indicates market activity level and liquidity.
• Price Change (%): Percentage movement over various timeframes—useful for analyzing short-term and long-term trends.

Further Reading & References on PNIC

• Official Website / Whitepaper:

• Developer Resources / Documentation:

• Trusted Media / Research: