Phase, a blockchain for AI agent payments, named Yana Prikhodchenko as co-founder and CEO on November 11. Prikhodchenko, who departed Cointelegraph after nearly five years, will lead the network as Phase positions itself for autonomous transactions. Founder Kirill Eves backed the October 29 mainnet launch with $45 million in funding.

The network's deposit mechanism caps single transactions at 1,000 USDT, with a daily limit of 10,000 USDT per 24 hours. Deposited USDT converts to USDT.e, backed one-for-one by assets at Phase's bridge address. The bridge currently operates in one direction only, with withdrawals not yet enabled. Phase's token allocation reserves 25% of total PHASE supply for the core team.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.