Phoenix Gold Coin

The third layer of PGN's architecture revolves around the Phoenix Gold Coin (PGC), the native token of the network. PGC serves multiple purposes, including governance, and generally as a measure of the socio-economic value of the network. As a governance token, PGC allows holders to participate in the decision-making process of the DAO, influencing the direction and policies of the network.

Additionally, PGC is used as a utility token for various network activities, such as staking by gold custodians and nodes for network participation and as a secure store of wealth due to its utility and blockchain enforced scarcity and transparency. From 2025, PGC will also be the exclusive means of purchasing Cyphers and therefore gold within the network. This multifaceted utility ensures that PGC is integral to the operation and governance of the Phoenix Gold Network, fostering a community-driven approach to digital gold investment.