What is Project Phantom (PHM)?
Phantom is a DeFi platform with a Cross-chain protocol, permitting the creation of artificial property (Synthetic property), denoted pAsset in a decentralized method.
Phantom customers can generate pAssets by way of depositing collateral, opening positions, after which producing corresponding pAssets that mimic the conduct of real-world asset costs (commodities, shares, and many others.)
Types of property of pAssets
This manner, merchants around the globe can trade an asset on the blockchain with open and clear pricing. In essence, pAssets permit merchants to take part in property with out really proudly owning them.
Read extra to be taught the small print of the Synthetix platform, giving beginning to the idea of artificial property: What is Synthetix?
Aggregate Asset Types on Phantom
- Synthetic Assets: Phantom helps multi-market artificial property extending from cryptocurrencies to conventional markets like gold, shares, and many others., In addition, it may possibly additionally help pNFTs linked to real-world commodities .
- Commodity pNFT:pNFT is an artificial asset class created completely by Phantom. pNFTs are pegged to the worth of actual world property. pNFT can be utilized to generate liquidity, tradable. In addition to trading, pNFT tokens are additionally reversible again to pNFT in trade for the respective precise property as soon as they’re collected and absolutely burned.
- E-Sports and video games: Phantom is working with many influencers available in the market ESports and is exploring an in-depth collaboration to mix blockchain and ESports. Such examples embrace the E-Sport Snapshot NFT and E-Sport Competition merchandise.
Phantom Features
- Derivatives insurance coverage for each tokens and NFT
- Assets that combination a number of markets
- Provide AMM liquidity and Cross-Chain parts
Derivatives insurance coverage for NFT
NFTs will be issued by way of a wise contract system and minted into pNFT tokens, thus offering further liquidity for NFT transactions. Also, use NFT trading on NFT exchanges like Opensea to supply a set value for the product.
For instance, Phantom can flip well-known moments of E-sports competitors into NFT
The course of description is as follows:
- NFT consumers (Buyer) purchase NFT on Opensea, then stake to mint pNFT and supply liquidity on AMM
- Trader (Trader) trades on pNFT trade on AMM.
Cryptographic property within the type of pNFT
- Trader mint pNFT, collateral is staked as collateral.
- Reverse pNFT, burn pNFT tokens to get collateral again
- Use pNFT to trade on AMM Exchange.
Cross-chain compatibility
Through a bridge connection, Phantom permits customers from all public chains (Conflux/Ethereum/BSC, and many others.) to work together with the undertaking’s providers. In addition, the artificial property generated from Phantom can even flow into totally different public chains.
Phantom Collateral and AMM . Liquidation Facility
Phantom will take a basket of staleble cash as collateral to create the artificial asset from the beginning. In the longer term, it can introduce extra high-quality tokens as collateral. Building an arbitrage-based liquidation facility and mixed with an AMM-based liquidation mechanism, Phantom strives to forestall unhealthy money owed on account of premature liquidation issues.
Phantom: Empowering e-Sports & Gaming
Powered by E-Sport KOL:09, an E-Sport KOL with over 2,000,000 followers in China. He is an expert DOTA gamer and the founding father of e-sports playground 09.
Phantom’s Aggregate Asset Protocol Structure
Phantom is a cross-chain artificial asset protocol. Its mechanism applies each the debt pool mannequin and the CDP. Phantom permits the creation of varied artificial property, together with gold, shares, and NFT artificial property which are linked to precise commodities by way of the collateralization of a number of tokens corresponding to PHM, ETH, USDT, CFX , and many others
Roadmap
May 2021: Testnet launch
- Stablecoins as collateral
- Farming for experimental LP tokens
Q2 2021: Basic Synthetic Asset Protocol
- Cross-chain help for Conflux and Ethereum chains
- Synthetic property pNFT
- PHM used as collateral
third quarter of 2021: NFT Insurance
- Cross-chain helps BSC
- IDO Token Platform
This fall/2021: Phantom Swap and Liquidity Supply for AMM
- Liquidity provide mechanism
- Support many high quality tokens as collateral
What is PHM Token?
PHM is the token of the Phantom platform. With function:
- Transaction charges on the platform
- Use as collateral to mint artificial property
- Reward customers who help the protocol
- Use funds to function the undertaking
Some primary details about PHM token
- Token title: PHM token
- Ticker: PHMA
- Blockchain: Ethereum
- Standard Tokens: ERC-20
- Contract Address: updating
- Estimated provide of circulation: 43,855,408 PH CODE
- Initial provide: 500,000,000 PH CODE
PHM Token Allocation
-
IDO: 1%
- Team: 15%, lock for 1 yr and linear distribution for two years
- Investors: 18%, distributed to non-public buyers and issued linearly inside 1 yr after IDO
- Operation: 8%, used for market operation, group cooperation, listed on exchanges, and many others.
- Established group: 8%, used to spend money on the platform
- Community Farm: 50%,distributed to the group members of the protocol
Team
Johnny:
- A seasoned entrepreneur in crypto initiatives, has led a number of initiatives and has deep expertise with blockchain applied sciences and crypto markets.
- In 2019, he accomplished a 200 million TRX funding spherical inside 3 hours;
- In 2020, he leads the event and launch of in style MXC SpaceM initiatives.
- Johnny was beforehand a know-how specialist at Sogou and chief know-how officer at Meituan.
Charles:
- Smart contract architect and blockchain methods skilled.
- He is a veteran of aggressive programming and has gained a number of championships in ACM-ICPC, probably the most well-known coding competitors on this planet.
- He has a deep understanding of DApps, together with Synthetix, Mirror, and many others.
Phil:
- A former monetary and advertising and marketing skilled with expertise within the conventional and crypto markets
- Phil graduated with an MBA from the University of Chicago’s Booth School of Business and spent eight years managing monetary property.
- Phil graduated with an MBA from the University of Chicago’s Booth School of Business and spent eight years managing monetary property.
Investors
How to earn and personal PHM tokens
Updating
PHM Token storage pockets
As an ERC20 token, you may retailer it in Metamask Wallet, Trust Wallet, Coin98 Wallet, and many others.
Similar initiatives
Here is a abstract of the comparability with the 2 initiatives Synthetix and Mirror
Future of Phantom, ought to PHM make investments?
Phantom (PHM) is a DeFi platform that develops artificial asset protocols. The particular spotlight of the undertaking is the event of artificial asset protocols for NFT tokens within the type of pNFT and the mixing of Cross-chain performance. Phantom is backed by massive funding funds, or learn the data to replace the token launch schedule as quickly as attainable. All data within the article is data compiled by Coinlive and doesn’t represent funding recommendation. Coinlive just isn’t liable for any direct and oblique dangers. Good luck!
