Phantasma

Overview

Phantasma is a blockchain platform designed to provide fast transactions and smart contract capabilities with a focus on gaming, digital content distribution, and NFTs. The SOUL token serves as the native currency of the Phantasma blockchain and is used for transaction fees, smart contract operations, and governance.

Purpose and Utility

The primary stated purposes of SOUL include: Network governance and voting rights, Transaction fee payments, Staking to secure the network through Proof of Stake, NFT creation and trading fees, Access to platform features and services.

Current Usage and Adoption

The platform has demonstrated real utility through: Active NFT marketplace functionality, Operational gaming applications built on the platform, Working smart contract capabilities, Regular platform updates and development activity.

Business Model Analysis

The business model focuses on providing blockchain infrastructure for digital content and gaming applications. The platform generates revenue through transaction fees and NFT-related services. No evidence was found of involvement in prohibited activities like gambling, interest-based lending, or adult content.

Token Distribution and Governance

Initial token distribution included allocations to team members and early investors with standard vesting periods. The project maintains regular development updates and transparent communication about technical progress.