The stock of Phunware Inc (PHUN) closed the recent trading session at $3.18, losing 3.05% from the previous trading session. The stock surged in the pre-market, gaining 13.52% to $3.61. PHUN filed the form SC 13G/A with the SEC on February 14, 2022. The form refers to the acquisition of beneficial ownership of 5% or more of equity securities. The company also announced the PhunToken uniswap liquidity pool rewards program.
News
On February 17, 2022, Phunware Inc (PHUN) announced the launch of PhunToken (PTHK) liquidity swap rewards for a trading pair of Ether-PhunToken. The program will be launched at Uniswap V2. Besides, the PTHK is currently available on the Phuntoken website for purchase against BTC, US Dollar, or ETH.
The reward program will release next month. The eligible wallets will get the first reward in April. The entitled providers will get the rewards for at least a 30-day period. These rewards are apart from the 0.3% fee that the providers get from the Uniswap trades.
The CEO of PHUN, Alan S. Knitowski, said that they are excited to make this significant next stride in commercializing a genuinely decentralized data economy. This can use the features and abilities of their Multiscreen-as-a-Service (MaaS) stage. He further added that exchanges like Uniswap will help them in decentralizing the PhunToken and will stretch out admittance to MaaS usefulness, globally.
Moreover, the eligibility criteria for PhunToken are that members should effectively finish the KYC/AML process. Further, each liquidity is expectable for the reward after 30 days of addition. Not only also, but all members will also split the reward pool. If ETH-PHTK liquidity is taken out anytime, all past liquidity for that lock period will be excluded.
About PHUN
Phunware Inc (PHUN) participates in the development of a Multiscreen-as-a-Service platform (MaaS) for mobile. In addition, the products and services include mobile software licenses in software development kits (SDKs) form utilized inside mobile applications. The company has its headquarter in Austin, Texas, United States of America (USA).
