Phoenixcoin (PXC) emerged from the efforts of Phenix Crypto Systems Network Inc., led by John Carmiche, also known as JohnCar, and Michael Burns, known as iamatrix. The inaugural block of this cryptocurrency was mined on May 8, 2013. However, the coin wasn't made available to the public until after the completion of approximately 20,000 blocks, resulting in an initial pre-mine of roughly 1 million coins. Initially branded as Phenixcoin, the currency was intended to support a variety of initiatives spearheaded by the founding team, including platforms like Phenix Poker and Phenix Safe Trade.
On July 11, 2013, Phoenixcoin, alongside Feathercoin and Worldcoin, formed an alliance known as UNOCS (United Open Currency Solutions). This collaboration aimed to foster joint development and marketing efforts within the cryptocurrency space. Unfortunately, the partnership eventually disbanded due to challenges in project management and development, particularly following Feathercoin's exit from the alliance.