We are pleased to announce our next AMA on September 5th 2021 at 01:00 PM UTC Time: Satoshi Club x Phantom
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Phantom Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Phantom Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Phantom
For more details:
Phantom Website – phm.finance
Phantom Telegram – @PhantomProtocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello Phantom, I noticed from your website that that Phantom($PHM) support cross-chain multimarket synthetic assets such as Gold, Stock and etc. However, I also noticed you mentioned commodity pNFT which another type of synthetic assets created exclusively by Phantom. Can elaborate more on this pNFT commodity assets which was created by $PHM? How does it look like? Can it also be traded just like Gold?
Phantom is also launching a Genesis NFT pool where users can join Phantom Mainet Mining Launchpool and mined a minimum of 30,000 $PHM to receive a reward in the form of 200$PHMP token, which is said to be distributed automatically to all participants wallets. May I ask which token is this $PHMP? What is it usecase, and how does it contribute to the growth of Phantom project in addition to the main token which the $PHM?
There’s a growing trend where projects would launch their IDOs on multiple launchpads to capture more blockchains and a wider range of investors.Phantom protocol is also going to launch Public Token Offering which will start on 6th september on 7 major platforms icluding 5 Initial Decentralized Offerings (IDO) and 2 Initial Exchange Offerings (IEO) with a whitelist Airdrop campaign ..
So could you tell us more details about Phantom Public token offering ?what amount of $ PHM tokens will be for sale?will the amount of tokens will be same for each launchpad ?What is the maximum and minimum tokens to buy per individual?your whitelist airdrop campaign has been started on 1st of september..Is there still any chance to participate whitelist campaign ?How many whitelist slots are available ?
Thank you..
Phantom’s offers its users Commodity pNFT which is a type of synthetic asset that can be anchored or linked with the value of real world assets. First, to determine the price of certain assets, your platform should require and use oracle solutions. Can you tell us more about your oracle price feeding? Also, When a user linked his/her real-world/physical asset, does Phantom needs to authenticate and verify if the certain assets really exist and belongs to the user? How does Phantom determine the legitimacy of the users’ real-world asset?
I’ve learned that aside from digitalizing real-world assets, Phantom’s Commodity pNFT can also be used to mint liquid and tradable pNFT tokens. Can you technically explain to us how would you determine the amount of tokens that can be extracted and minted from the said pNFT? Do you base the quantity of minting to the pNFT’s rarity and quality?
I saw on your website that Phantom is curently working with several influencers in the E-sports industry to combine blockchain and E-Sports. First, can you name the company/team of E-Sport that you are in touch with? Second, what will be the first product that will come out of this collaboration and idea? What kind of concept will your community expect to see?
There is something that caught my attention and makes me very curious. A few days ago the Phantom team announced that, starting on September 6th, the Phantom Protocol will kick-off public token offering. The campaign will take place in a total of 7 major public platforms, which include 5 Initial Decentralized Offerings (IDO) and 2 Initial Exchange Offerings (IEO). Why did you decide to launch the token on 7 major platforms? Will the token allocation for each platform be the same? Will any of those 7 platforms have greater benefits than another? For example … even if two users buy the Phantom token on two different platforms, will both have the same benefits?
You recently mentioned that to celebrate Phantom’s public token offering, you are hosting a Whitelist Airdrop campaign for the community. Do we still have a chance to participate in that campaign? How much will be the value of the IDO allocation that each winner will receive as a reward? How many winners will there be? How will the winners be selected? Will it be totally random or will it be on a first-come, first-served basis?
I read that Phantom will launch the PHM token on 7 different platforms. That seems excellent to me since there are some platforms that limit user participation, that is, some platforms have restrictions towards certain countries, while others require users to do KYC, and not everyone agrees. Among those 7 platforms, is there any that does NOT have restrictions towards countries? Is there a platform that does not require KYC to be mandatory? Another factor to take into account is the time difference of each user. Will the launch be on all 7 platforms at the same time? Another question I have is, will each platform have a whitelist?
Synthetic products are one way of allowing users to own derivatives of others assets without the need to hold them directly and nowadays, many synthetic assets are springing up. Can you outline some of the better features or assets/stock range that pAssets can track and how you implement synthetic concepts better that other competing synthetic focused protocols? Is pAssets supporting various physical world such as stocks, gold & silver as well as on-chain assets, cryptocurrencies, NFT? Are users only able to use underlying assets as collateral or can they make use of multiple assets as collateral such as using crypto asset as collateral for stock/gold when building a stock derivative based product?
I read that you will support NFT Fraction Derivatives Trading and that users will be able to trade NFT fractions to earn money. How will users acquire NFTs and Metaverse equity on phantom and how will owners of these NFTs be selected to enjoy fee dividend and NFT based mining acceleration? Which IPs are you in partnership with and how will they create Fractionised NFT cards for users? Which marketplace will users and investors use to engage in the trading of these NFT fractions and how will these be done?
Apart from offering synthetic products and services, one of your broader goal is to deliver GameFi functions through the building and launching of E-sport platform for phantom DeFi ecosystem. Am curious to know your plan with gamification function and how you will use E-sports tournaments as a value-preserving mechanism for NFT. How will tournaments organiser create events and what GameFi approach will you use? Will the gaming function system be based on Play-to-earn, Trade-to-earn, or Own-to-earn? How will this help to provide further utility for PHM and how will it ensure more anchor price for the synthetic assets?
Phantom support multi-market synthetic assets expands from crypto to traditional markets like gold and stocks. Phantom itself also exclusively create a type of synthetic asset called pNFTs which are also anchored in the value of real world assets. It was stated that pNFTs can be further used to mint liquid, tradable pNFT tokens. I want to know how many functionality does pNFT possesses in your project? And apart from normal trading, can pNFT tokens be reverse back to pNFT to exchange for the corresponding actual asset when they collected and burned altogether?
I learnt that Phantom is working with multiple influencers in the E-Sports market, and is exploring in-depth collaborations to combine blockchain and E-Sports. Going through your early investors and projects you have partnered with, I could find no project in the line of E-sports, if they are not anonymous, who are these influencers in the E-sprots market you are working with? And concerning the competition prediction you planned for, what are the examples of E-sport we should be expecting? will it be in form of Betting site or what kind of idea are you bringing in?
The Phantom token, will have a total supply of 10 billion PHM, and out of this 5 billion or 50% of total supply would be allocated to Community farming activities. With this allocation been the highest and representing half of total token supply, can you carefully tell us the various Community farming activities that would be done on Phantom ecosystem and how are members of your community rewarded for these operations? Also, with providing services for synthetic assets creations, what kind of token economic model will you adopt, and how does your synthetic assets (pAssets) classes affect the value and utility of $PHM?
Phantom Protocol have already launch Conflux Mainnet and NFT Module.What are the unique features of the Conflux Mainnet?On the Conflux Blockchain you launch two new synthetic asset cETH and FC(FansCoin)Can you tell us the functions of these new assets?In the future,will you also have cross-chain synthetic asset generation on multiple blockchains like BSC, Heco etc?And for the NFTs,will you launch your own NFT fractionization trading on the market, where users can participate and trade fractions of NFT to earn more money?
Phantom is working with multiple influencers in the E-Sports market, and is exploring in-depth collaborations to combine blockchain and E-Sports.Examples of such include E-Sport Snapshot NFT and E-Sport Competition Prediction products.My question is,Will you build your own NFT metaverse to develop GameFi functions on your trading cards and link them to the platform’s DeFi ecosystem?Many gaming platform have integrated “Play to Earn” on their gaming platform,will you also integrate Play to Earn on your platform as a means for users to earn money?And which multiple influencer is currently supporting you to achieve your goal in combining blockchain and E-Sports?
Going through your audit report on CERTIK there were about 20 unresolved matters on Phantom Platform,so far you have resolved 5 and when was that?When will the remaining 15 be resolved?Do you have plans for another Audit or you will rather wait until you resolve all the issues on your CERTIK?
You have testnet and you rest assured us for mainnet very soon, though testnet do not have any monetary value used for testing and experimentation without risk to real funds or the main chain but some project use it to incentivize early adapters of their project. What is the main purpose of having testnet in your project? For how long will the testnet last before launching your MAINNET? And under the basic concepts of phantom, you stated up to five core concepts which are giving with less details, Can you briefly explain each of them?
Phantom Protocol is a cross-chain synthetic asset generation protocol that supports multiple markets. We can see that once synthetic assets are generated, they can go to the commercial market or interact with various decentralized financial services. What synthetic assets does the Phantom protocol generate? What are the actors involved in the generation of the assets? Towards which decentralized financial services can synthetic assets go?
There are several actors involved in the generation of the synthetic assets in Phantom protocol. How do different players participate and capture value in the Phantom ecosystem? In Phantom Protocol, users can assume one or more of the following roles: Builder, Trader, Liquidity Provider, Farmer, What role is fulfilled within each of these roles that users can assume?
Even with advancements in security protocol, the rise of third-party code audits, and the maturation of the crypto space in general, we are still witnessing the loss of millions of funds through hacking, smart contract errors, and theft. As of 2021, approximately $ 300 million in assets have been looted from DeFi platforms. What are the security protocols used by Phantom protocol to make its platform 100% secure? Has your smart contract already been audited? Should we trust phantom as a secure platform?
With it’s cross chain compatibility function, Phantom allows users from several public chains engage with it’s services, as well as enabling easy circulation of synthetic assets created on Phantom, to various public chains. However, with a seemless cross chain operation, transaction fees are always a reoccuring factor. Can you carefully talk about the fee structure of Phantom’s ecosystem, how are they implemented, are these fees settled exclusively with the PHM token, and how does Phantom handle issues that might arise from bad debt and untimely liquidation?
The purpose of synthetic assets is hard to understand to newbies, like me. And I’ve yet to find a project that simplifies this aspect of crypto. However, if you want your project to grow, you’d need mass adoption, and that will simply not be possible without new investors. So would you kindly tell me how you plan to make this synthetic journey into an easy, enjoyable one? Do you offer video tutorials? How does the Phantom team maintain a close connection with its community? Do you clear the doubts of users, and offer guidance?
Phantom which is a cross-chain synthetic assets protocol is said to have a mechanism that adopts both the debt pool and CDP models to enable the generation of various synthetic assets, including gold, stocks… Can you explain how the debt pool and CDP models work in Phantom, how are these two Combined within the mechanism of operation of the Phantom Synthetic protocol, and what is the relevance of Using these two models in phantom…
It is stated that Phantom will take a basket of stable coins as collateral to generate synthetic assets which can be linked to real world assets, and after some time it will then introduce more high-quality tokens as collateral…So what stable coins does phantom currently take as collateral, what types of High-Quality tokens do you intend to introduce as collaterals in the future..how will users be able to use these collaterals in the creation of synthetic assets and link them to real world assets, how are these synthetic assets linked to real world assets, is there a mechanism that ties this assets to their real world equivalents, and is it all types of real world assets that can be mimicked in the creation of synthetic asset using phantom or is there a limit or restriction to what real world assets can be linked in Phantom..
On its platform, Phantom intends to prevent bad debts caused by untimely liquidation issues using arbitrage-triggered liquidation, in combination with AMM-based liquidation mechanism,.. So how do these two Liquidation mechanisms work, why are the relevant to Phantom and how does phantom combine these two liquidation mechanisms within its platform to prevent bad debts caused by untimely liquidation issues..
This September 6 will take place the first Phantom pre-sale, what will be the rules of this event, how many tokens or NFT can be acquired by each participant, what are your expectations about this activity, do you plan to enhance any other event or day for token distribution? For this day what is the price of $ PHM with respect to BNB?
What are the main synthetic assets, what are the most notable characteristics of these assets, what do you mean by saying that they have phantom support, as well as how synthetic assets can be expanded to the traditional market, do you plan to incorporate fiat currencies?
NFTs are being incorporated into most projects through different forms, uses and functionalities.In the Phantom platform, NFTs can be issued through a smart contract system and minted in pNFT tokens, which provides more liquidity for transactions. NFT, in addition to being able to negotiate the NFTs in NFT exchanges to provide an anchor price for the product, can they be traded as assets and collectibles?
Greetings Phantom, the NFTs, are in fashion and I think that you will not be left behind with the NFTs. my question is the following: is it possible to issue NFT through smart contracts within your platform? In which tokens can I mint them and what would be their benefit? You could also exchange the NFTs, tell us about these functions to understand them better. Thank you
Phantom says like this: join the community and believe with the Phantom protocol, but my question is about communities and the importance they have for your project, what does Phantom think about communities, how can we be part of your project? and contribute both outside and within the project, what is the mission and vision of Phantom, together with the communities, to create and grow together with the project?
I’m curious about the usefulness of your asset pNFT that was exclusively created by Phantom, can you tell us if these assets have a distribution mechanism on your ecosystem? Can you explain their intervention on the NFT issuance process? And how are these assets different from conventional Non-Fungible-Tokens?
In your website you say that Phantom is working with multiple influencers in the E-Sports market, can you explain how can your products be useful in the E-Sports world and to be more specific in the E-Sport Market Prediction? What progress is there so far from this work?
Phantom, I understand they will have cross-chain compatibility, but how many public chains will Phantom support? And how would you achieve with different types of chains to reduce transaction fees, what are the strategies that you would use to achieve these objectives? And what will be the tokens that Phantom would introduce of high quality to give more guarantee to the project? tell us more about the project to learn more about what they offer us.Thank you
Hello Phantom team! I read that Phantom is working with multiple influencers in the E-Sports market, and is exploring in-depth collaborations to combine blockchain and E-Sports. Do you already have candidates for these collaborations? What aspects do you evaluate before establishing a collaboration? And I have a question about your partnerships with influencers … how big must the audience of those influencers be to be able to make a partnership with Phantom? Thank you!
Phantom is said to be working with multiple influencers in the E-Sports market, and is exploring in-depth collaborations to combine blockchain E-Sports and Game. Examples of such include E-sport Bets & Prediction, Snapshot NFT Issuance and Snapshot NFT Trading. Can you briefly explain Snapshot NFT Issuance and Snapshot NFT Trading as they are strange to me? How will these examples of E-Sport and Game going to be implemented in your ecosystem? You have also collaborated with E-Sport KOL: 09, Well-known E-sport Celebrity with 2,000,000 + followers in China. He is a Dota KOL/professional player, and the founder of 09 electronic. How important is such partnership to you and what benefits will it bring to your ecosystem?
Phantom support multi-market synthetic assets like pNFT, pGold, pSilver, pTSLA and pGOOGL which expands from crypto to traditional markets such as gold, stocks, etc., These tokenized synthetic asset are anchored in the value of real world assets linked through an oracle. How is this implemented in your ecosystem, such that real world assets value are anchored and linked to synthetic asset on blockchain? What are the structures implemented in your ecosystem to achieve your vision of making synthetic assets a transparent, open investment product available to everyone?
Phantom Protocol is a Cross-chain synthetic asset generation and issuance protocol.These synthetic assets rely on ‘Signers’ to validate mints and burns of the respective token in order to regulate price compared to real token. However, these signers must be trusted or else they can profit by cheating or being dishonest! How are they kept honest in your ecosystem? Also Part of the major problems with Synthetic Assets is Collateralization and AMM Liquidation. How does Phantom ensure that signers have a bonded stake with good collateralization ratio to prevent bad debts caused by untimely liquidation issues?
Phantom has a diversified asset issuance including token and NFT, but can you tell us how will you simplify the integration of NFT products on your ecosystem? Will Phantom develop its own marketplace or will you create alliances with external marketplaces in the market? Also, will the synthetic assets be compatible to trade and make transactions on marketplaces?
The allocation of PHM token stated that, 50% – Community Farming; 1% – IDO; 15% – Team, distributed to the core team; 18% – Investors, distributed to private placement investor; IDO – 8% Foundation, used for investing in foundations; and 8% – Operations, used for market operation, community cooperation. Talking about the allocation for Initial DeX Offering (IDO) which is a new fundraising model that offers better liquidity of crypto assets, faster, open and fair trading, Why do you allocated small percent of PHM total supply for it? Major reason for this is to raise fund, How will you hit you target fundraise with 1% allocation? What is the reason for locking team allocation for 1 year and in form of what will it be released?
On a normal, the ratio should be 1:1, but in a case where price of the synthetic asset price in the secondary market (DEX) differs from the original financial asset price (based on the prophecy machine price) by 20% or more, and it is unbalanced for more than 24 hours, or when other extreme situations occur. How will the Phantom protocol ensure steady and sustainable operation? You listed two recovery period (Grace and Open Liquidation period) What is their significant of them in this kind of situation? In the grace period which will lasted for 7 days, What will happen if user is unable to return the synthetic assets and get collateral back?
Just recently on August 17th, 2021, the Phantom Protocol has sold out all its Genesis NFTs in 14 minutes upon the launch of the Phantom Genesis NFT flash sale. The Phantom Genesis NFT flash sale was conducted on Phantom’s newly launched NFT Marketplace, where participants can issue, buy, trade, and fractionize NFTs. This was a great fit achieved by Phantom as The Phantom Genesis NFT is the first product launched on the platform. Will there be launch of more NFT offerings in the future? When next at we to witness another launch experience just like the recent one?
To celebrate Phantom’s public token offering, Phantom is hosting a Whitelist Airdrop campaign for the community that started on September 1st and will span through to September 6th. Winner of the Airdrop will each receive a total of 250 USDT worth of IDO allocation. While filling the form for the airdrop, I noticed that Only the the First 100 participants who successfully completes the tasks will receive 1 whitelist slot each. What happens to the large number of people who are not among these 100 and they also filled the form and performed all required tasks? Will there be a compensation for all those who filled the form?
The Phantom Protocol should be the next “DeFi+NFT” solution that allows for the issuance of NFTs and also fractional trading. So, how can we, as newcomers, advantage from the Phantom ecosystem? How can we participate in your ecosystem and receive the benefits?
You state Phantom’s vision is to eliminate the barrier and provide synthetic assets a transparent, free investment product for everybody. However, what are your strategies in dealing with projects that share the same goals as Phantom?
According to your website, pNFTs would be used to generate liquid, tradable pNFT tokens. Will you elaborate how an NFT can become quite liquid than by the Phantom Protocol? Can this perform with any type of NFT, whether it’s artwork, music, or a physical item?
The Phantom team will hold its first token sale in partnership with Dora Factory’s bonding curve auction platform, PentaLaunch, on September 6, 2021. Can you explain to us why you decided to work with Dora Factory on the Phantom First token sale? What benefits can we expect from this collaboration?
Phantom Protocol had recently announced their collaboration with Conflux Chain in which Phantom is providing Conflux Miner NFT holders with extra 5% mining rewards. So,can you explain and describe more about your collaboration with Conflux Chain? As you provide Conflux Miner NFT holders with extra 5% mining rewards,in return is there any benefits does the Phantom protocol Community will benefits from Conflux Chain? If yes,what would be the benefits and advantages that Phantom Protocol and it’s community can get from this partnership? What is the motivation in providing extra 5% mining rewards to some Conflux Miner NFT holders? Is this collaboration with Conflux Chain is good for long-term partnership? Thank you
Your token auction has been announced for tomorrow. Does this auction function as a presale? If it is different from a presale, why did you plan an auction instead of a presale? You have imposed a maximum purchase of 0.4 $PHM, which may cost about 400–600USDT. What is the minimum amount allowed? Further, you have instructed to prepare at least 0.01BNB for the GAS fee. According to the guide you published on medium, the participating process seems to be complicated and has extra costs. Why didn’t you organize a simple presale? What are the advantages of holding this kind of auction?
Before 2-3 weeks, The Phantom Protocol has announced that all its Genesis NFTs are sold out in 14 minutes upon the launch of the Phantom Genesis NFT flash sale. Congratulations! What is the secret behind this success? What is the current status of your platform? Do you still maintain this success rate? If yes, please explain the unique features that you offer. Further, let us know more details on your Genesis NFTs.
You have allocated 8% of your token supply for “operations”. What do you mean by “operations”? Please explain the utilities of this allocation. Further, I noticed that you have not allocated a portion for a burning. Is there a buy back and burn process? Have you imposed a transaction fee with that purpose? If you are not planning any burning activities, how do you generate a token scarcity? Do you assure that the token will not be undervalued?
I found out in your tokenomics that 50% of your token supply will goes to your community Farming in which it will be distributed to community participants of the protocol and
1% only of your token supply will go to your IDO. So,why does community farming is being allocated the highest allocation in your tokenomics? Is farming is the main focus and main service of your platform? Since 50% is allocated to your farming,can you tell us how much would be the APR/APY? On the other hand,why you only allocate 1% of your tokenomics to IDO? How did your platform manage this 1% since your IDO will be launch to 7 different major platforms? Does this 1% is just enough for your IDO or you have another set of allocation for your IDO? Thank you
I found out that Phantom has a Recovery mechanism feature in your network,so can you explain more about this mechanism? How does it works? How does it being implemented? What are the significant impact that this mechanism brings to Phantom network? In what manner that this Recovery mechanism will be an essential aspect to Phantom Protocol and to your investors? Does any users of Phantom can utilized this mechanism? Thank you
Phantom Protocal hope to host a $PHM auction on PentaLaunch on 06th of September at 20.00 PM UTC with a 10,000,000 Of $PHM tokens. So is there any special reason to Choose PentaLaunch to hold $PHM Auction sale? Can we use USDT & BNB to Buy $PHM tokens from PentaLaunch since the auction will take place on the BSC chain? How many spot allocations will there be? To Participate on this Auction, Should we Follow KYC & Register before a certain date or will you consider the First Come, First Serve basis? How about the price range of $PHM, you hope to implement in Auction? Can a single buyer purchase $PHM tokens twice with different accounts? What is the minimum & maximum allocation of $PHM tokens per a single user? And also explain about terms & regulations of this Auction?
By looking on Phantom Protocal early investors, I’m sure that $PHM will be a higher potential token in crypto space within a short time period. Can you share with us the total list of Phantom early Investors? How much did you fundraise with the help of early investors? In return, will you give them more offerings by your IDOs & IEOs? Are there any special events for early investor’s Community? What will be the your main goal on this journey with these early investors?
Currently BSC $PHM Finance is on Testnet version. When will you go for Phantom Mainnet? I think, the functions like Farming is not working properly, because I try to connect Trust wallet of mine & It said “the chain is not supported “. Why is that? Are there any security issues on your test net? Can you recommend that the PHM testnet has adequate security to use?
I read on your lite paper Phantom’s vision is to tear down the wall, making synthetic assets a transparent, open
investment product available to everyone. How will you be able to achieve this and what problems do you aim to solve in traditional financial markets?
Hello Phantom i saw your project about synthetic assets, do you have a plan to synthetic another fiat currency like IDR, Euro, CYN?
how the mechanism that make $phm support with e-sport could you tell me?
let me know how do you adjust about the price of every assets that you had synthesize, so the price will same or not far from the original assets??