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Phala Network (PHA)

PHA

$0.2883

24H Change
1.30%
24H Volume
$10.2M
Global Rank
#392
Market Cap
$135M

Phala Network Price

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About Phala Network (PHA)

Phala Network (PHA) is a privacy-preserving computing service built on substrate, aiming to offer computing power comparable to existing cloud services. It aims to protect the privacy of managed users and enterprises. A main concern for public blockchains is privacy, and it prevents many individuals and businesses from using them. Phala Network aims to resolve this issue by providing confidential smart contracts and data protection services. 

Phala is based on TEE-Blockchain Architecture where developers can deploy smart contracts. TEE refers to Trusted Environment Execution which allows confidential data to run in a private environment and outputs results alone with authorization.  

PHA is a utility token that can be used for the following cases: 

  • Trusted computing resources: buying and selling of trusted computing resources in the network and the data exchange using PHA tokens. 
  • Governance: major stakeholders of the PHA token can become members of the PhalaDAO and participate in community governance.

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How to Buy Phala Network (PHA) in Australia

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Phala Network FAQs

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Where is the best place to buy Phala Network?

The best place to buy Phala Network is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Phala Network and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

How is the price of Phala Network determined?

The price of Phala Network is determined by the forces of supply and demand in the market. Similar to other assets, the price of Phala Network is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Phala Network are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy Phala Network with credit card?

Swyftx does not allow you to directly buy Phala Network with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Phala Network instantly.

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Period: Last 24 hours

PHA Buys and Sells

By number of orders

33% Buy
33%
Buys
67%
Sells

Period: Last 24 hours

This should not be used to make investment decisions.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.