For my emcee name... I noticed that most great emcees somehow use their first name in their name.. (or at least something that sounds like a name). Think: Nas, Tupac, Rakim, Andre 3000... I could go on forever. The ones that never seem to reach "elite" status as an amazing emcee usually have names that aren't proper nouns. Think: Ludacris, Big Boi from Outkast, Busta Rhymes. All good performers of course and they've made great money... but you'd never consider any of these guys as the greatest to ever do it.
Just an observation lol. I'm sure there may be a few exceptions I'm not thinking about at the moment.. but that's what I noticed in general.
So... my emcee name is Chris Phoenix. My first name + a symbol I feel I identify with.
As far as my producer name... unfortunately there's already a Chris Phoenix who's a notable producer. So, my producer name has to be different. I just took my middle name and my younger brother's middle name and combined them. Charles Allen.