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Phoenix Dollar Tutorial -- Introduction page 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 < > The Phoenix Dollar system has two components: an online, digital component, and a circulating physical metal component. So, you can sign up for an account and use the Phoenix Dollar as a digital currency much like e-gold. Your account balance will be backed 100% by silver. Also, you can order physical Phoenix Dollar coins and bars to be actually shipped to you. Thus, Phoenix dollar silver can circulate in two ways. It can circulate electronically, with the ownership of the silver changing hands but the silver remaining stationary in a warehouse; and it can also circulate physically as silver coins out in the offline world. Next page