HomeBusinessPhunware Inc. (NASDAQ:PHUN) stock surged in the current trading session; here’s why

Phunware Inc. (NASDAQ:PHUN) stock surged in the current trading session; here’s why

In the current trading session, at the last check, PHUN stock had surged by 12.31% to $1.38. PHUN stock previously closed session at $1.23. PHUN stock volume traded 13.48 million shares. In the past year up to date, PHUN shares jumped up by 81.18%. However, in the past week, the stock shed -19.61%. In the past three and six months, the stock had shed-55.60% and added 76.24% respectively. Further, the company is valued in the market at $88.19 million and has 71.21 million outstanding shares.

What is the hype around the new digital currency PhunToken?

PHUN stock has launched the PhunToken Purchase Portal to start selling PhunToken (“PHTK”) to buyers, designers, and brands. PhunToken is a creative digital currency used by a blockchain-empowered Mobile Loyalty Ecosystem to help drive commitment by opening the highlights and capacities of Phunware’s Multiscreen-as-a-Service (“MaaS”) stage. PhunToken is intended to advance convenient business transactions rewarding consumers for their activity, such as watching branded videos, finishing overviews intended to comprehend buying plants, and visiting marks of interest.

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PhunToken, just as PhunCoin, will be overseen by PhunWallet on Apple iOS and Google Android, which is required to be launched soon following application endorsements by the Apple App Store and Google Play, individually.

Vision behind PhunToken

Phunware accepts that digital currency must be standardized as standard in the general public when authentic organizations come up with pragmatic solutions and take necessary effective steps towards it in the real world. This is the angle of the story where PHUN stock wants to pitch their PhunToken to encourage commitment in a portable first world by selling utility tokens that offer brands the capacity to empower, measure and track purchaser interest and faithfulness.

Purchasers will likewise have a chance to get PhunToken from brands who incorporate the PhunToken MaaS Loyalty Software Development Kit (“SDK”) into their versatile applications for Apple iOS and Google Android, which will permit any distributer to track and prize in-application client conduct.

Phunware sets date for financial report Q1 2021

Furthermore, the company is focusing forward on the upcoming release of its financial report for the first quarter of 2021 along with the conference call date set up on Thursday, May 13, 2021, at 5:00 p.m. Eastern time.

The different portfolio and operation segments of Phunware

Phunware, Inc., is a software technology company that specifically focuses on providing multiscreen-as-a-service (MaaS) enterprise cloud platforms for mobile devices. The company provides its services to a global market. The company through its platforms gives opportunities to brands for engaging, managing, and earning from their portfolios online on mobile applications. Phunware, Inc. was established in 2009 and is settled in Austin, Texas.

The Phunware platform also works as a software-as-a-service (SaaS) and licensing of data along with media that allows application transaction. Its item portfolio involves undertaking versatile programming, including content administration, area-based administrations, advertising computerization, business insight and investigation, cautions, warnings and informing, crowd commitment, and crowd adaptation, just as upward arrangements, which are off-the-rack, iOS-, and Android-based versatile application portfolios, arrangements, and administrations; and crypto networking, just as MaaS programming application systems that pre-incorporates the entirety of its MaaS programming elements for use inside versatile application portfolios, arrangements, and administrations.

The organization likewise offers application exchanges for portable crowd building, client obtaining application disclosure, crowd commitment, and crowd adaptation, which incorporates re-happening and one-time value-based media buys through addition orders. Moreover, it gives information, including re-happening and one-time application exchange media crusades and repeating information permitting for coordinated, indoor and open-air, and buyer focusing across worldwide position framework, high-and low-thickness Wifi, and physical and virtual signals. The organization has an association with GAIN Innovation for government contract offers in Texas.

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