PhoenixPME - Precious Metals Exchange Protocol

Last Updated: February 24, 2026
Current Phase: Pre-TX Testnet Launch (9 days remaining)
Live Frontend: phoenix-frontend-seven.vercel.app
Live Backend: phoenix-api-756y.onrender.com
GitHub: github.com/greg-gzillion/TX

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🏛️ Overview

A blockchain-based auction protocol for physical precious metals (gold, silver, platinum, palladium) with integrated dual collateral and Community Reserve Fund.

Built on TX Blockchain (Coreum + Sologenic merger)
Target Testnet Launch: March 6, 2026

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✅ Current Status (as of Feb 24, 2026)

Component	Status	Details
Frontend	✅ LIVE	phoenix-frontend-seven.vercel.app
Backend	✅ LIVE	phoenix-api-756y.onrender.com
Multi-Wallet	✅ SUPPORTED	Keplr, Leap, MetaMask, Phantom
TESTUSD Token	✅ READY	6 decimals, denom configured
Smart Contracts	✅ READY	7 contracts, 16 tests passing
Price Banner	✅ WORKING	Live metal prices from API
Admin Panel	✅ WORKING	Password-protected updates
TX Testnet	⏳ March 6	9 days to launch

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🪙 TESTUSD Token - Live on Coreum Testnet

The foundation token for PhoenixPME auctions is operational on Coreum testnet (TX-compatible).

Detail	Value
Symbol	TESTUSD
Denom	utestusd-testcore1tymxlev27p5rhxd36g4j3a82c7uucjjz4xuzc6
Decimals	6
Transaction	37EC84596A02687D8F77E7D92538F518CCE847D8B4A325732B911FD0B0D35E9A

📄 TESTUSD Token Creation Docs

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🔧 Core Components

1. Auction Platform

Aspect	Detail
Purpose	Peer-to-peer trading of physical precious metals
Fee	1.1% per successful transaction (hardcoded)
Destination	Community Reserve Fund
Collateral	10% both parties (seller + buyer)
Verification	48-hour buyer inspection period

Features:

• ✅ Buy It Now & bidding functionality
• ✅ Reference market prices (updated manually via admin)
• ✅ Seller-set grading premiums (purity, certification)
• ✅ TX blockchain settlement (March 6+)

2. Token System (Non-Transferable)

Token	Purpose	How You Get It
PHNX	Governance weight	1 PHNX per 1 TESTUSD in fees generated
TRUST	Positive reputation	1 per successful trade
DONT TRUST	Negative reputation	1 per failed obligation

All tokens:

• ❌ NON-TRANSFERABLE
• 💰 $0 CASH VALUE
• 🔗 KYC-bound via TX blockchain
• ⏳ Permanent on-chain record

3. Community Reserve Fund

Aspect	Detail
Source	1.1% of all successful trades
Control	Future DAO (PHNX holders)
Withdrawal	❌ NO INDIVIDUAL can withdraw
Founder	10% voting weight only (permanent)
Address	testcore1m5adn3k68tk4zqmujpnstmp9r933jafzu44tnv

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📊 Fee Structure (Immutable)

// Cannot be changed by any governance vote
1. 1.1% protocol fee → Community Reserve Fund
2. NO INDIVIDUAL can withdraw from CRF
3. PHNX, TRUST, DONT TRUST are non-transferable
4. Founder retains 10% voting weight (permanent)

Wallet Support

Wallet	Chain	Status
Keplr	Cosmos	✅ Supported
Leap	Cosmos	✅ Supported
🚀 Technical Architecture
Layer	Technology	Port/URL
Frontend	Next.js 14, TypeScript, Tailwind	3000
Backend	Express.js, PostgreSQL, Prisma	3001
Blockchain	TX (Coreum + Sologenic)	Testnet March 6
Smart Contracts	CosmWasm (Rust)	7 contracts, 16 tests
Database	PostgreSQL on Render	Connected
📁 Repository Structure
text
/home/greg/dev/TX/
├── apps/
│   ├── frontend/          # Next.js app (Vercel)
│   │   ├── app/           # Pages & layouts
│   │   ├── components/     # React components
│   │   ├── hooks/         # Custom hooks
│   │   ├── lib/           # Contract client, API
│   │   └── public/        # Static assets
│   └── backend/           # Express API (Render)
│       ├── src/
│       │   ├── routes/    # API endpoints
│       │   ├── services/  # Business logic
│       │   └── lib/       # Utilities
│       └── prisma/        # Database schema
├── contracts/             # Smart contracts
│   └── phoenix-escrow/    # Main escrow contract
├── docs/                  # Documentation
│   ├── architecture/      # System design
│   ├── legal/             # 14 legal documents
│   └── setup/             # Setup guides
└── scripts/               # Automation scripts
    └── update-prices.sh   # Price update script
🚀 Quick Start
Use Live Version (No Installation)
Frontend: https://phoenix-frontend-seven.vercel.app

Sandbox: /sandbox

Admin: /admin (password protected)

Run Locally
bash
# Clone repo
git clone https://github.com/greg-gzillion/TX.git
cd TX

# Backend
cd apps/backend
npm install
npm run dev

# Frontend (new terminal)
cd apps/frontend
npm install
npm run dev
See QUICK_START.md for details.

📅 Roadmap
Phase	Timeline	Status
Foundation	Jan-Feb 2026	✅ Complete
TX Testnet Launch	March 6, 2026	🔜 9 days
Testnet Testing	March-April 2026	⏳ Planned
TRUST/DONT TRUST	Q2 2026	📝 Planned
PHNX Governance	Q2 2026	📝 Planned
Mainnet Launch	Q3 2026	📝 Planned
🤝 Contributing
We welcome contributors! See:

CONTRIBUTING.md

CURRENT-FOCUS.md

ROADMAP.md

Current priorities:

✅ Multi-wallet integration
✅ TESTUSD token support
✅ Build system stabilization
🔜 Contract deployment (March 6)
🔜 Testnet testing
⚖️ Legal & Compliance
Document	Purpose
Terms of Service	Platform usage agreement
Privacy Policy	Data handling
Risk Disclosure	Important risks
Contributor Agreement	Contribution terms
Key Legal Facts:
✅ Code is original work by Greg (@greg-gzillion)
✅ Licensed under GNU GPL v3.0
✅ "PhoenixPME" name in use (not registered trademark)
✅ No securities - tokens have no cash value

📞 Contact
Purpose	Contact
Technical Questions	gjf20842@gmail.com
GitHub Issues	github.com/greg-gzillion/TX/issues
Security	security@phoenixpme.com (private)
🦅 Keywords
TX Blockchain Coreum Sologenic CosmWasm Precious Metals Gold Silver Platinum Palladium RWA DEX Escrow P2P Marketplace Dual Collateral Community Reserve Fund TESTUSD

Last Updated: February 24, 2026
*Next Milestone: March 6, 2026 - TX Testnet Launch* 🚀