Phantasma

Halal Rating :
Questionable
Last Price $0.11 Last updated:
Rank 1042
1D Change -10.45 %
Market Cap $14.19m
Circulating supply 124,129,198
Maximum supply None

Crypto Overview

Categories
  • Platform
  • Enterprise Solutions
  • Distributed Computing
  • Collectibles & NFTs
  • Content Creation
  • Filesharing
  • Gaming
  • Smart Contracts
  • Storage
  • Metaverse
  • Layer 1

Phantasma is a fully interoperable, decentralized feature rich blockchain. With its innovative staking mechanism, dual token system, sustainable tokenomics model and advanced eco-friendly smartNFTs. The chain is designed to be used for digital goods & services for communications, entertainment, marketplaces and on-chain storage solutions for dApp creators and enterprise clients. With mainnet live since October 2019, it has proven to be the platform of choice for Gaming and NFTs. Not only because of its low minting and transaction fees but also because of its smartNFT technology that has been built on chain level and its pledge to become the first certified carbon negative blockchain. SmartNFTs are NFTs with dynamic properties that can change based on certain conditions. They provide game developers the opportunity to make dynamic in-game items decentralized, which is not possible with traditional NFTs. They also allow for time-based NFTs, multi-layered NFTs, infused NFTs and locked content within an NFT that can only be accessed by the owner of the NFT. The NFTs can be minted on-demand at a fraction of the costs compared to other blockchains. More information about Phantasma’s ground-breaking smartNFT technology can be found here. . Phantasma has an easy-to-use connector between dApps, wallets and blockchain via Phantasma Link. It provides cross-chain interoperability with the Ethereum, BSC and NEO blockchains and is capable of a high throughput due to infinite sidechains. It has Oracles built into the core of the chain.

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.

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Justification for our Halal Rating