The Phore Coin is a cryptocurrency with a focus on sustainable development and growth. In addition, Phore uses a stake-of-proof algorithm and masternodes to offer a high level of security and privacy. In addition, Phore relies on fast block times of just 60 seconds and low transaction costs of 0.0001 Phore tokens per kilobyte. A reward of 2.8 Phore is distributed for successfully completing blocks. Masternodes, on the other hand, receive a block reward of 4.2 Phore tokens. Furthermore, Phore is considered an update as well as a re-marketing of the KryptKoin, which was published in May 2014. The KryptKoin was a crypto currency that could not be mined in advance. Instead, 500 stakes were defined, which were distributed to the users in two waves. Users who were invested for more than 30 days also received a bonus. A broad community for the use of the token was quickly won over, so that in 2015 a marketplace was published which supported PayPal and listed and sold digital and physical products. To implement new features, the developers have completely rewritten the existing code and placed it on the market as the new crypto currency Phore Coin. The investors were given a period of two weeks to exchange their existing KryptKoin tokens for the same number of Phore tokens.