Phantasma
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Phantasma from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Phantasma.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.