Phantasma is a blockchain that has been specially designed to be integrated with Smart NFTs, decentralized apps (dApps), and gaming. The forward-looking blockchain is all about building the technological side of what it believes is the future of gaming. But is it living up to its potential?
Read our Phantasma review to find out.
What is Phantasma?
Phantasma is a specialized blockchain that has been created for the facilitation of gaming in the future. It offers low transaction fees, cross-chain capability, and is eco-friendly (even carbon negative!). Users can also mint on demand. Because the blockchain has been created for Smart NFTs, you can do all basic NFT operations like minting without extra programming.
It’s a layer one blockchain too, which means it can validate and complete transactions by itself. The team behind Phantasma is focused on creating a seamless and easy user experience. Their way of testing this is to make sure that ‘grandmas’ are able to navigate the ecosystem.
How Does Phantasma work?
Phantasma works by having a dual token system. SOUL is the governance token, meaning it’s used across the Phantasma blockchain. Circulation supply started at 94 million and is now 105,470,281 and is fully diluted, and user voting power increases as they own more SOUL.
KCAL, on the other hand, powers everything else in the ecosystem. Transactions, staking and minting all require a small transaction fee, which can be paid for with KCAL. Developers also pay their fees in KCAL. SOUL can also be staked, which will generate KCAL. Every SOUL staked generates 0.002 KCAL every day.
Who Is Phantasma For?
Phantasma is a fast, scalable Layer 1 blockchain built with NFTs and blockchain gaming in mind, but will also power DeFi and web3 projects of the future. The blockchain is about speed, too, so it’s also for users who have found old blockchain games clunky or slow.
Step-By-Step Guide to buying SOUL & KCAL
- On the front main site page, there are two buttons at the top of the page: Buy SOUL & KCAL or Developers. Click the button for the function you are looking for.
- If you click Buy SOUL & KCAL, you’ll be taken to a page that shares the places to buy your SOUL and KCAL. Large blue buttons take you to each site. For example, you can access UNISWAP, PANCAKESWAP, and KUCOIN.
- If, on the other hand, you click Developers you are taken to a page where you can read more papers about the ecosystem project, and then there is a button you can click to register.
Who is Behind Phantasma?
Founded in 2017, and based in Lisbon, Phantasma is today made of a global team of passionate blockchain enthusiasts that aim to make an ecosystem of dApps that are user-friendly. The team includes founder Sergio Flores, who is a senior developer and blockchain consultant, and Bill Petridis, who has more than twenty years of experience in software delivery.
What Makes Phantasma Unique?
Phantasma is unique for so many reasons. It’s fast: it can validate 10k transactions per block across all chains. It has a dual token system. It’s incredibly user-friendly. It straddles the world of gaming, dApps and Smart NFTs, building a modern ecosystem. It has also created its own oracles, which are built into the chain’s core.
So if you have been looking for a blockchain focusing on dApps, gaming, and Smart NFTs, Phantasma could be for you. It’s carbon negative, an open-source blockchain, and built with NFT support as a core component of its blockchain rather than as an afterthought.
You can learn more about Phantasma and whether it’s right for you by heading over to the official website.
Is Phantasma legit?
Yes! Firstly, it provides quad blockchain wallets that have a single private key for the safety of your assets. Secondly, Phantasma uses a proof-of-stake mechanism so that users have to have a stake to become validators. This provides extra security as validators are invested in the ecosystem.
Can Every dApp Run Independently?
Yes! On Phantasma, an unlimited number of side chains can be created. Each dApp on Phantasma’s blockchain can operate its own independent side chain.
What Is the Yearly Inflation on SOUL?
On top of the maximum supply of 94 million SOUL token, there’s added inflation. The yearly inflation is currently set at 3% plus 125,000 SOUL. It’s distributed monthly to eligible Soul masters (users who have staked 50,000 SOUL).