Phantom AMA Recap

02 Oct 202119:12

AMA

Phantom AMA Recap

Myko (CryptoDiffer)

Hello, everyone!😁

We are glad to meet here:

Mr Phantom, Co-founder

Mr Phantom

glad to be here!
thanks for having me

Myko (CryptoDiffer)

Welcome Mr Phantom, thank you for taking your time today!
We have prepared some questions to start with

Mr Phantom

sounds good
im ready

Myko (CryptoDiffer)

Okie, let's start with the introduction
Q1: Can you introduce yourself to our community?

Mr Phantom

no problem
Hi all, I am Mr. Phantom, one of the founding members of the Phantom protocol.
I am a veteran in the crypto industry, having been through ups and downs in the industry since 2015. I came from a development and finance background and had worked on various projects including public chains, privacy tokens, cross-border payments, DeFi, NFT and now synthetic assets.
The reason that attracted me to create Phantom is that the hope to provide everyone with the chance to access the most profitable and interesting financial instruments out there in the market, be it derivatives, stocks or commodities.
Additionally, I had been a collector of NFTs and early engagers on NFT gaming, and it has been my dream to combine defi and NFT together. So now you have Phantom. And I want to tell you more about it today.
all set :)

Myko (CryptoDiffer)

Great!
Now let's look on the project you co-foundeed
Q2: Can you introduce Phantom to us?

Mr Phantom

most definitely
Phantom is a cross-chain synthetic asset issuance protocol that enables all DeFi users to participate in multi-market investment in a decentralized manner.
Using the Phantom protocol, users can create synthetic assets (pAssets) with collateral on Ethereum, BSC, Conflux, and Heco for exchange or liquidity mining.
pAssets track the price movements of the various physical world or on-chain assets, such as stocks, gold & silver, cryptocurrencies, NFT, etc, allowing investors to trade multi-market assets on a single platform, eliminating the cost and risk of asset transfers.
Phantom's Conflux mainnet passed code audit by CertiK and was released on August 2, 2021, with a first-day TVL of more than 5 million USD. Its Genesis NFT release was also sold out in 14 minutes.
all set :)

Myko (CryptoDiffer)

Superb structure of the answers
Let's take the final question of introductory part
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Mr Phantom

most defintely.
so Phantom has been going on for about 8 months now.
We launched our testnet in early May and shared them with the community. It was a great success and we received a lot of feedbacks.
Then in June/July we launched our mainnet and the first launchpool campaign on the Conflux chain.
The campaign took about 80% of the USDT inflow on the Conflux chain :)
Fastfoward to now, we are reaching our public sales stage: with 5 IDOs and 2 IEOs
the IDOs will be done today, and starting tomorrow we will be launching on Gate.io and MXC
afterwards, Phantom will continue to expand its development:
1. We plan to adapt the mainnet to BSC and ETH
2. We plan to significantly increase the types of synthetic assets allowed for engagement
3. We will soon launch an NFT sale with major IPs coming up
all set :)

Myko (CryptoDiffer)

Seems like we got an ama on a quite remarkable day:)

Mr Phantom

🥳

Mr Phantom

:)
let's do it

Cryptodiffer Community

Why does PHANTOM PROTOCOL needs multiple IDOs to run token sales ?

Mr Phantom

We want to allow as many users to get a chance to engage with the PHM token sale, thereby picked a variety of IDO platforms that catered to different demographics.

Cryptodiffer Community

🐳Phantom working in synergy with NFTs. but How could it turn a winning moment from an E-sports tournament into a value-preserving NFT? what are the benefits

Mr Phantom

great questions. We think that the core value here would be definitely from the core value of the Celeb.
through leveraging the uniqueness of the NFT we get the snapshot moments value sealed and confirmed by the E-sports celebs themselves, but at the same time ask them to collab on value add options, so whoever in the future purchased the cards can get a chance to not only hold the value of the NFT but also benefit from the real world rewards of it.

Cryptodiffer Community

What happened when cUSDT was deposited in My Staked's Conflux wallet, and how to participate in the Phantom mainnet?

Mr Phantom

well if it's in Conflux wallet, you are one step closer to joining the mainnet mining. Just come to cfx.phm.finance and connect :)

Cryptodiffer Community

Its been more than a month for the Phantom Coinflux mainnet,
What has been the positive point so far of this Mainnet?

@PhantomMr

Mr Phantom

So we had far more TVLs than we expected. When we started, the entire Conflux chain had about 5 million cUSDT in the market. After a month of mining campaign, our mainnet on the conflux chain had over 6 million cUSDT in TVL, so we think it quite an achievement for us :)

Cryptodiffer Community

What recent partnership have Phantom done ?
Please share some Partners name that are helping thr Phantom project?

Mr Phantom

most recent one is with Conflux.
also with E-sports celeb in China 09
whos is a major ip in the industry
additionally we are also working with one of the premeire manga and anime developer in Asia to launch a NFT IP on Phantom later on.

Cryptodiffer Community

✴️ Phantom allows the minting of synthetic assets like commodities, but apart of commodities, your synthetics can be associated with real world Assets?

Mr Phantom

yep. Not only commodities, but also stocks, bonds, real-estates. Our ultimate goal is to have Phantom be able to offer options on all assets that have a transparent pricing.

Cryptodiffer Community

🌻What about Phantom's Reward Tasks. Can anyone participate? what are the ways an user can earn money with phantom? is there any requirement?

Mr Phantom

yep, we offer reward tasks from time to time, it's been our way to work with the community to get feedbacks but also give back to the community, definitely follow our twitter to see the latest activities and campaigns.

Cryptodiffer Community

Because pNFT is a synthetic asset created exclusively by Phantom. Can you introduce some features of pNft and the important role it plays in the phantom protocol?

Mr Phantom

the most unique feature of pNFT is that it is a fraction asset of the underlying NFT asset.
With pNFT you will be able to buy fractions of NFT in way smaller prices
but at the same time still retain partial ownership of the NFT

Cryptodiffer Community

Is it more advantageous for artists to create NFTs with Phantom compared to other alternatives? What are your advantages or attractiveness to an artist or creator?

Mr Phantom

both works. If the artist creates NFT that is valuable we can help them to sell them on our platform. Additionally, once the NFT has a price and trading market, we can also create fractions of the NFT on Phantom to help the users be able to engage with further profiting opportunities while at the same time the creator will also get a chance to make additional revenue.

Cryptodiffer Community

I see, You are planning to launch Nft Offering Of E-SPORTS & CELEBRITY COLLECTIBLES,
When can we see it?

Mr Phantom

in Q4 of 2021, stay tuned :)

Cryptodiffer Community

Your roadmap is very impressive, infact I've known phantom protocol for a while on so many AMAs, but where does it stop for you?
When do you decide that you've really achieved to the maximum

Mr Phantom

haha there is no end, just more goals to achieve. The crypto industry is evergrowing and expanding and we want to grow with it, thereby bringing our benefit to the mass. At the core of Phantom we aim to make crypto practices mainstream and to help the folks in the mainstream world, and we will continue to work to wards that.

Cryptodiffer Community

Can pNFT tokens be traded just like digital assets? Will a price oracle be used to determine pNFT prices? Which pricing system are you using?

Mr Phantom

Yes they can, at first only on Phantom platform, then expand with other platforms that does fractional trading.
@mykocryptodiffer ok i think we are good to finish :)

Myko (CryptoDiffer)

You've did a great job!
Thanks for the ama

Mr Phantom

Thank you for having me!
great to be here :D