# $PHC Announcement 2023 The Team is working on new ideas and new partnerships for our Governance TOKEN $PHC. First of all we thought of burning 50% of the Tokens held in the Mother Wallet, we think that such a drastic reduction of the entire Supply could help boost this 2-year period of DRAMATIC BEAR MARKET! We are working with our developers to integrate the $PHC Token with the purchase and Staking platform of our NFT PLALOMA, this will give those who want it the possibility to convert their PHC into NFT PLALOMA and consequently put them in Staking and obtain Rewards PHCP which, as you all know, is our token for making purchases in the Phuket Holiday Coin commercial partner circuit on Phuket Island. Also in this case, as for the proposal to suspend the PHC staking period, the community will be asked to vote, the vote will take place in our Telegram channel in the next few days. I invite everyone to collaborate and above all to keep informed on the progress of the project. 2022 has been a difficult year for the whole world of cryptocurrencies, we have seen dozens if not hundreds of projects and coins fail, I assure you that the TEAM Phuket Holiday Coin is present, the drastic decrease in the price is unfortunately part of the game, the risks they are always around the corner PANIC SELLs are the basis of an incorrect knowledge of the sector and our project has also been affected by it. The community is important in this type of project so I invite everyone to participate more actively in the discussions on our official channels. {% embed url="" %} Here are the links of all our platforms: [phuketholidaycoin.me](https://phuketholidaycoin.me) [ phcpay.me](https://phcpay.me) [ plaloma.me](https://plaloma.me) [ phcfinance.me](https://phcfinance.me) [tradingpool.online](https://www.tradingpool.online/) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://phc.gitbook.io/phc-docs/team-announcement/usdphc-announcement-2023.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.