What is Phantasma? Phantasma is an innovative platform aiming to revolutionize the field of data management and content sharing.
To understand more about Phantasma, people can read some of the articles below:
- Crypto Panorama 101 | Episode 4: What is Smart Contract?
- What is Web3? Advantages & Disadvantages of Web3
What is Phantasma?
Overview of Phantasma
Phantasma (SOUL) is a separate Blockchain building an innovative platform, aiming to revolutionize the field of data management and content sharing. At Phantasma, users can proactively and securely manage and control their content and assets. At the same time, users do not have to go through the server or any other third party when transacting.
Besides, Phantasma supports any interaction between users, such as email, chat connection, sending data files and transferring money. The platform provides a permissioned content distribution system running on blockchain, thereby ensuring user privacy and security.
Mechanism of action of Phantasma
Phantasma is comprised of products as follows:
- Smart Contract: The main function of Smart Contract Phantasma is for messaging protocol. The Smart Contract system also handles content and transaction storage.
- SDK (Software Development Kit): The Phantasma development team plans to release an SDK. This will allow any user to develop their own application using Phantasma. SDK is an important component for expanding the ecosystem.
- Store content securely: Phantasma data is stored in a decentralized file system that serves as storage support for Phantasma dApps. Users can further contribute to the network through running nodes on Phantasma.
- Phantasma DEX: A decentralized exchange product that Phantasma provides allows users to quickly and safely convert tokens and coins in the network.
The Phantasma Difference
Phantasma’s differences include the following factors:
- POS+ consensus mechanism: In Phantasma’s Blockchain network, users who want to become a validator must stake an amount of SOUL into the network. These Validators are responsible for confirming transactions in the network and will receive rewards for their contributions.
- Fast transaction speed: During testing, transaction speeds can reach up to 5,000 TPS. And the average time of each block is 2 seconds.
- Smart Contract: Phantasma supports multiple languages.
- NFT (Non-Fungible Token) support: Phantasma’s blockchain supports the issuance and enables trading of NFT tokens. This is how the Phantasma team anticipates future trends.
- Unlimited Side Chains: The POS+ consensus mechanism allows Phantasma Chain to have many Side Chains and with each side having a transaction speed of 5,000 TPS, the speed of the entire Phantasma network will be the total speed of each Side Chain combined. This makes the scalability of the Phantasma Chain network almost unlimited.
- Private transfer transactions: In Phantasma Chain there is a mode called Ghost, in this mode users can make private transactions.
Development roadmap
Quarter 3/2023:
- Relaunch Pharming
- Deploy a completely new phone and Desktop Wallet
- Launch of Phantasma Dex
- Update SDKs
Quarter 4/2023
- Improve operating efficiency
- Rust SDK
- Kotlin SDK
- Godot SDK
Investors
- May 2018 Raised $7M through Private Sale at a price of $0.16
- May 27, 2018 Raised $2.91M through Public Sale at $0.23
Core Team
- Sergio Flores – Has many years of experience in engineering, programming and game development. Worked for City of Zion and Lunar Labs company.
- Miguel Ferreira – Has a Master’s degree in Computer Science, has many years of experience as a blockchain developer.
- Alexandra Paiksao – He holds the position of Marketing Director, mostly involved in game companies. Graduated from ISCTE Business School.
- Sergio Pereira da Silva – He has extensive knowledge in the fields of finance and accounting, having worked at the Portuguese engineering company SyncData.
- Bruno Freitas – An engineer, Mobile Technology expert, Bachelor of Computer Science.
Tokenomics
Information about Phantasma tokens
- Token Name: SOUL Token
- Ticker: SOUL
- Blockchain: Phantasma Chain
- Token Standard: NEP5
- Contract: 0x75858677e27c930fb622759feaffee2b754af07f
- Total Supply: 120,977,097
Tempus Token Allocation
- 65 million tokens are reserved for Token Sale
- 15 million tokens for Platform
- 20 million tokens are held by Team & Advisor
Token Release
- Token Team: Unlocked from June 2019 after ICO. Pay 10% every 3 months. Pay off after 3 years.
- Token Advisor: Unlocked from the 2nd month after ICO. Pay 10% every month. Pay off after 1 year.
- Token Sale: Paid off in June 2019 including Private sale and ICO.
Token Use Case
- Staking: In case you are not eligible to become a Block Producer (BP), you can still earn rewards by Staking SOUL Token and performing transaction processing tasks in the system. Minimum staking condition is 50,000 SOUL.
- Rewards: The SOUL reward will be distributed to SOUL Masters, Block Producers and Validators when staking on Phantasma.
- Vote: SOUL owners have the right to vote and vote for BP’s activities with a maximum of 10,000 SOUL/BP.
- Payment: SOUL is used to pay for dApps or Games on Phantasma Chain.
Exchanges
Currently $SOUL token is being traded on exchanges: Kucoin, Gate
Project Information Channel
- Twitter: https://twitter.com/TempusFinance
- Telegram: https://t.me/phantasma_io
- Discord: https://discord.com/invite/sUjcHFk68t
- Reddit:
Summary
Phantasma is the leading network that helps developers and users enjoy a true blockchain experience with decentralization. The personalized network aims to bring developers into the complete application of blockchain. With products from the platform, Phantasma’s token – SOUL token is benefiting more from the development of Blockchain infrastructure.
Through this article, you probably have some basic information about the Phantasma project to make your own investment decision. Please leave comments and suggestions for me in the next articles. !