New app lets users earn by renting unused smartphone resources

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Technology advances rapidly, and the more it develops, the less it costs. This is what has driven more people to have smartphones than bank accounts these days. In fact, one estimate says there are five smartphones for every bank account in the world. This means that the massive percentage of the world’s population is still unbanked or underbanked, but smartphones have managed to reach even these regions.

When we look at this in the context of blockchain technology, it means that even those who cannot reach the financial industry through traditional financial institutions can still do so by joining the crypto world, which can easily be done through their phone. Best of all, these people – as well as anyone else who might be interested – can even make money on their phones, without the user having to do anything. This is possible thanks to the new project called Phenom.

What is Phenom and what does it do?

Phenomenon is a brand new project that has its own app, simply called the Phenom app. However, the app has great potential to be a game-changer when it comes to the way we use smartphones.

As many are probably aware, large industries like cloud storage, blockchain and others require Resources such as processing power, operational memory and storage. This is exactly what billions of smartphones around the world can provide. Most people have at least one old phone that they don’t use anymore, and even those who certainly don’t are not using their smartphones 24/7. Meanwhile, our phones are capable of a lot more than what the average person uses them for, and even when you’re using your phone, you’re not using all it has to offer. So, why not rent these resources and help other users in the field of computing power and data processing? That’s why the project was originally created and what it continues to do.

This leaves a lot of unused time and resources for smartphones which can greatly contribute to large industries. Once the Phenom application is installed and activated, the application will simply occupy the free resources of smartphones and use them to contribute to the project network.

Of course, there is also something for the users. They get profit for helping the network which is another great way for users to earn rewards with no risk. There is no need to invest anything or put yourself at risk like you do when trading cryptocurrencies. Instead, just install the app and activate it. Everything else will be done by the system.

At the time of writing, Phenom has over 30,000 users in over 40 different countries. Each user receives rewards in PNT, uses the coin for payments within their ecosystem, uses it as an investment asset, etc.

The Phenom app is more than just an app that will use your resources and offer you rewards in return. It is an entry into the entire Phenom ecosystem, rich in all kinds of diverse products. The ecosystem consists of the Phenom network, the Phenom chain, and the Phenom token.

The app is perfectly safe to use and will only use free resources from smartphones. It will never limit the work of your phone and never take more resources than it should. All the processes will be conducted in the cloud and you will simply provide unused resources to help you. In other words, you provide what your phone can spare at all times, and nothing more.

Image by Free photos of Pixabay

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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