Phantasma AMA Recap

Phantasma AMA Recap

CryptoDiffer team

Hello everyone! 

We are glad to meet here

Sergio Flores (@reLfos) Co-Founder/CEO of Phantasma

Lee Kai Lee (@LeeKai23) responsible for PR/Marketing at Phantasma

Lee Kai Lee
PR/Marketing

Hey guys, thank you CryptoDiffer for hosting the AMA. Welcome everybody and tank you for taking part!

Sergio Flores
CEO

Hello, everyone, nice to be here today!

CryptoDiffer team

Q1: Can you explain Phantasma in short?

 

Lee Kai Lee
PR/Marketing

Phantasma is a blockchain for content distribution (we recently launched our main net 😉). We are building a whole ecosystem for everybody’s needs. More importantly, Phantasma is building a bridge between all dApps from other blockchains. We will support the best dApps from all good blockchains, made possible by our cosmic swaps feature for automatic conversions between coins. For example: if you don’t have Ethereum to pay for Ethereum dApps purchases, the Cosmic Swaps feature will automatically convert any supported token such as EOS or SOUL to Ethereum for the purchase. We believe that by building the best Ecosystem with dApps from all kind of blockchains and increasing user friendliness can we achieve global adoption, not by competing each other in technical specifics. This picture is a good breakdown of our ecosystem we are building.

 

CryptoDiffer team

Q2: What kind of features does the blockchain have right now and what features are available in the future?

Sergio Flores
CEO

Phantasma currently has a live mainnet which implements already all the features that we expect to see in a modern blockchain.

One interesting point is that our chain was not a fork of anything but rather completly designed and written from scratch.

We use advanced cryptography based on Edwards curves (a more performant alternative to ECC based on Schnorr signatures).

We have fully independent side chains for maximum scalability, we have powerful support for token swaps (both onchain using cosmic swaps, and between Phantasma and other chains, allowing true interopability).  

All of this is powered by smart contracts, a decentralized file storage and an advanced oracle system, making Phantasma a one-stop solution for dapp developers.

 

Regarding the future, while most of the hard work is done at chain-level, there are still many features that need proper integration at frondend level, this is our goal for the next months.

 

Cryptodiffer Community

Q3: Phantasma is building a whole ecosystem. Is there any genre the team focuses on expanding first?

 

Lee Kai Lee
PR/Marketing

Yes there is actually, our team is a true believer of initial adoption through games and gamers. The gaming market is huge (and still growing!) and the majority of this market are millenials or youngsters, it is proven that this public is able to adopt emerging technology much faster. We are definitely not ignoring this, therefor our initial focus will be on gaming and everything around it. Inluding NFT marketplace, which also supports NFTs from all other blockchains. 

There are multiple games in development on Phantasma, a few which won our latest dApp competitions: Phantastic Casino (https://twitter.com/phantasticasino) and BlockBoi (https://twitter.com/ChainChanged), while Nacho Men (https://t.me/nachomen) is a game that our team is developing ourselves. There are more games lined up (5 more games confirmed) once we added some compatibility improvements to our SDK which should happen soon. This year we also established a huge partnership with a professional game dev studio: GOATi Entertainment. They will be launching a RTS racing game called 22 Racing Series (trailer) (https://youtu.be/9Br69OVRzFE) on Steam, Playstation and Xbox next year. We almost have daily contact with all these developers, so we know what to expect and where they are at regarding their roadmap. 

Of course if the community likes gaming dApps from other blockchains, we can simply support those dApps within our platform. 

 

Cryptodiffer Community

Q.1  According to crypto differ ama voting poll many people voted phantasma this shows community support toward phantasma do you have any plans to participate in binance community coin voting? I think the community will fully support you what view on it is? 

Q.2 Why is phantasma reliable for developers for creating dapps? why developers should use phantasma mention some exciting features of phantasma platform

Lee Kai Lee
PR/Marketing

1) We are aware that the Binance community voting has relaunched and it is something we definitely want to take part in. However, keep in mind that the application form is not just a ”apply here and get on the waiting list”. Binance is a professional business, so we are making sure that all our submissions are correct. 

2) Phantasma is open-source, so we welcome any third party developers to develop dApps on Phantasma. More importantly, we have the Phantom force which will help fund developers. In the future Phantasma communicy can vote on dApps and developers for them to receive funding in proportion to the votes they received, all through smart contracts. Also, our team is available to contact directly if issues arise during dApp development. Compare this with Ethereum where a dApp developer would be talking to Vitalik for help, this wouldn’t happen. 

Regarding features which could be utilized by developers: Cosmic swaps, Storage, Oracles, NFT marketplace, blockchain interoperability, Onchain Governance system (on chain voting feature). And don’t forget that our blockchain supports 5K TPS with a block time of 2 seconds.

Cryptodiffer Community

Inactive/useless DApps still exist a lot out there. People just create DApps but it has no use case nor contribution to blockchain ecosystem. So, in the case these DApps are connected to Phantasma platform but they dont have users/activities and become a burden to your system, how will Phantasma team revolve this? 

Phantasma is presented as an innovative platform to revolutionize application development in the key area of data management and content-sharing. So, without using a 3rd party to store users data/contents, how will it be done on Phantasma platform while ensuring uploaders still can delete/edit their content if its necessary?

Sergio Flores
CEO

Phantasma presents a way for dapp creators to allow their projects to use a decentralized storage system that is tighly integrated with the chain economics. The actual amount of storage of a user / dapp is tied to how much SOUL tokens they stake.

But as with most decentralized storage, the actual file content is not stored on the chain, the chain only stores hashes of content, with the actual content being distributed over the network nodes. This allows for great control, letting the users edit content as necessary, also allows smart contracts to read and manipulate data.

Cryptodiffer Community

As a public chain, how does SOUL differentiate itself from other well-known public chains? From a technical point of view, what are some of important highlights? For example, What innovations are there with the consensus mechanism? How is TPS being improved?

Sergio Flores
CEO

In blockchain its not easy to inovate an existing project, mostly for two reasons

a) Decentralization means its more difficult to reach consensus regarding development of a project

b) Adding new features to an existing blockchain is extremely difficult and time consuming, sometimes even pratically impossible

Phantasma started as an improvement to existing projects, a concept to create a new generation of blockchains based on learning the errors from the past.

We saw a need for a blockchain that made things easier both for users and developers. So based in our team experience in the area, we came up with a set of features and economics that we think can really make an impact on the crypto ecosystem.

Cryptodiffer Community

1-How does Phantasma Foundation generate revenue?

2-What is your inflation and deflation in Tokenomics?

Lee Kai Lee
PR/Marketing

1) Revenue is not a problem for us at the moment, the funds we raised during ICO is sufficient to complete our roadmap. We don’t take any cut % of any sales from third party dApps dApps. However we do have a few revenue models in mind which will be active soon. One of them being Nacho Men with the NFT sales (and more to come from games we will develop). And maybe something which nobody knows yet. We are planning to integrate a revenue model for Phantasma community in the Phantasma Chat which we are building, can you already guess what?  There will be more revenue models announced in the future. 

2) Phantasma does have an inflation model of 3% per year. 1% (so 1/3) goes to the Phantom Force which will help attract developers to Phantasma, because they are receiving funds from the Phantom Force. And 2% (so 2/3) goes to the Block Producers which are the core ”nodes” of Phantasma’s blockchain. There are 2 types of BPs: Active and Standby, so BPs will need to market themselves to the Phantasma Community and show why they should become Active BP for more revenue.  Believe it or not, the inflation model will be one of the main reasons of Phantasma’s future success. By incentivizing developers, the ecosystem will grow much harder than the 3% inflation.

 

Cryptodiffer Community

What are the Key Features of Phantasma Chain and how Phantasma Chain is better than any other Blockchains like Ethereum, Ontoogy, etc ?

Whats is meant by POS+ ? Whats the benefits and work of POS+ Consensus algorithms ?

Sergio Flores
CEO

The main point of Phantasma is that we bring all features under the same token. This is useful both for developers and users, no longer it is necessary to keep several tokens for different features. We learned from other projects who tried dual token systems, we saw what failed there and created what we consider the perfect dual token system. SOUL unlocks the features (staking, voting, storage etc) and also emits KCAL which in turn is used as transaction fees.

Comparing to other projects, well, we could say that Ethereum is still king in terms of adoption, but at technological level they are almost a dinosaur at this point. There’s the new Ethereum version coming out, but since it was something not designed from day one, it will still suffer from the “tacked-on with glue” that is common in complex tech projects. Regarding Ontology and other similar projects, they rode the waves of the crypto bubble and got stagnant, our tech is on a completly different level compared to those previous gen projects.

Regarding POS, there are several definitions of a POS system, it’s just hard to specifically quality it as something unless you want to start creating new terms and then it just gets confusing for users.

Cryptodiffer Community

Explain what makes users interested in phantasma storage rather than google drive? and explain how the phantasma storage works?

Sergio Flores
CEO

It’s a completly different set of things. Google drive is good for huge amounts of static data, and quite cheap for that.

The Phantasma Storage is not meant to be a direct competitor for Google or similar companies. 

What we offer is data that is not on the hands of any entity, but not only that, we allow our storage to be connected directly to blockchains, and this is where the magic happens. For example, at this point most “dapps” are not really dapps at all. If their website disappears, puff, in most cases there is no more “dapp”.

Phantasma Storage allows the whole site to be stored in a decentralized way, accessible in any situation, from a browser or even offline if necessary.

No only that, it also introduces some new concepts like having smart contracts read and write data to the storage. This allows a smart contract to distribute data to different users, or to trigger specific company rules based on specific files being uploaded with the right numbers etc, the possiiblities are endless

 

Cryptodiffer Community

Q1: When you look at your website, your graphics, your logo or even your fonts, it gives the impression that you are in a game. Frankly, I liked it. Why did you use such a style in the visual part of your project?

Q2: What is the role of Block Producers and Phantom Force in Phantasma Ecosystem?

Lee Kai Lee
PR/Marketing

1) Most of Phantasma team members have a gaming background. Both the Co-founders Alex and Sergio met each other through being involved in the gaming market. So if you think it might look like some kind of game, that might be the reason. But more importantly, this is how we want to do the branding of Phantasma. We want to represent a business which can interact with its very own community in a fun way. Most of our models are gamified for this same reason, think about the Sustainable Energy System (http://bit.ly/PhantasmaSES) and later gamification in the Phantasma App: http://bit.ly/phantasmaprofile. We want a fun but also a professonal easy to use platform for all of our users, so expect everything we build to have some gamification integrated!

2) BPs are the core of the blockchain and producing and validating blocks. They will be competing eachother for the active BP spot by marketing themselves in name of Phantasma (self sustainable growth by third parties). Phantom Force will help fund third party developers to build dApps on Phantasma. It will host dApp competitions and it will have Kickstarters. More info here https://t.me/c/1496936810/31857.

 

Cryptodiffer Community

What special features does the main network launch?  How easy will it be to develop Dapps on the main network?

What are the advantages of the Onchain management system?

Sergio Flores
CEO

The mainnet launched with pratically all features that we promised (smart contracts, token swaps, oracles, storage, voting, etc)

Right now it is quite easy to develop dapps for Phantasma if using C# / .NET / Unity. We also have support for C++ (done by goati/22series) and other programming languages like Java. There is also work being done to support Solidity, allowing Ethereum devs to easily support Phantasma.

 

About onchain management, it is simply a very good use of the power of decentralization. Users of the ecosystem can make their voices heard by expressing what changes they want to see, and if majority is reached, the chain automatically applies the changes without node operators requiring to do any update.

 

Cryptodiffer Community

1. What is the difference between POS+ and POS? What are the benefits of POS+? Why did you choose to develop SOUL on the NEP5 platform?

2. The Value of SOUL token generated by? What role does SOUL play in the Phantasma network?

Sergio Flores
CEO

Don’t think of POS+ as something specific, its more of an umbrella word to say that is based on POS but with some extensions on top.

With our dual token model we arent really a tradicional POS system, but rather a form of next-generation POS.

We did launch SOUL as a NEP5 because we had close ties with the NEO team and City of Zion. We had some plans to cooperate better but they were moving to slow and we decided to just split from it.

The value of SOUL is 100% defined by the market. Sometimes good projects have small mcaps, while abandoned projects have higher mcaps, they dont have to make much sense, I guess the thing that influences it the most is word of mouth, so do your part teaching your friends about Phantasma

Cryptodiffer Community

Sergio told us that Phantasma Chain will have oracles and that it will be a gamechanger. I am not a tech guy. Why is this necessary for dapps and why is this a gamechanger. Is it also needed for games like 22series?

You talk about building the chain up from scratch, and how there will be more functions than other chains, targeting directly gaming. What do you see as the key differentiators that make you better than other existing chains, for gaming?

Sergio Flores
CEO

Oracles are what allow a smart contract to interact with the outside world. It allows reading external data be it a financil stock price, a weather in some city or a winner of a soccer game.

Oracles are already implemented in the chain and currently they are used for token swaps. The chain knows via oracles how much NEO a SOUL is worth, how much KCAL a SOUL is worth etc that way. But this is just one of an infinity of possible use cases.

Games can surely use oracles too, but it is too specific to the game itself, so in the case of 22series they might or not might use, it is up to them.

Besides Oracles, Phantasma has several features helpful for games, like untamperable onchain leaderboards, NFTs for tokenization of ingame items and other assets, and also the chain interopability via token swaps which allow mixing Phantasma with NEO (and in the future, Ethereum, Bitcoin and any other important big chain)

Cryptodiffer Community

Phantasma has so many outstanding features in the form of innovative staking mechanism and dual token system, it allows for users to access different digital goods & services such as communication, entertainment, marketplace and storage. But, do you have real users and partners that use your services and what marketing strategy do you have to draw new users as without marketing no matter how good the product is nobody cares?

What possibilities and opportunities does Phantasma provide to the developers, enterprises and the community?

Lee Kai Lee
PR/Marketing

First of all I would like to share that Phantasma is not necesserily built for enterprises. Phantasma is build for the regular consumer, although it does support enterprises to built on top of Phantasma for all their needs, our dev team made sure of that.. we are indeed building a one-stop platform. Our current roadmap for this year is to complete Phantasma Mail & Chat.  And once the Chat is live, we are considering migrating the Telegram Channel to the official Phantasma Chat which is available in the Phantasma App (Will be collecting data soon: pros vs cons and community feedback). Don’t worry, if we go with this route, the Telegram Channel will still be moderated. Basically the whole ecosystem revolves around the Phantasma App, so by bringing the Telegram community to the Chat integrated within the App, every user will be introduced by all dApps supported in Phantasma App. One of our main marketing strategies is to support dApps from other blockchains into Phantasma App, together with some promotions in the form of give-aways or something else, this will introduce people from other ecosystems to Phantasma. We have prepared and we are preparing our marketing based on the Phantasma App once it’s live. Had hoped we would have launched the App together with mainnet, but as there are no specific Phantasma dApps yet to be integrated in the App, and we figured out that most of the community simply wants to stake their SOUL for the time being, we now have more time to improve the App in user experience. Here is a proof of concept (https://youtu.be/_tFJ4sff5BQ) of the app including tokenswap!

Cryptodiffer Community

What makes Phantasma special compared to other blockchains such as Ethereum?

How many games are going to be launched before 2020 and in 2020?

Is the implementation of Phantasma Chain in the game of GOATi mainly for 22RS only or are there larger plans for cooperation? For example, by building the tech that can also be easily implemented in other games (as a kind of standardized framework).

Sergio Flores
CEO

The first question I already answered so I’m going to skip.

About number of games, we are in contact with 7 different developers, plus we have our internal team with Nachomen which after that has sometihng already planned for Phantasma. We’re launching more competitions soon to attract more talent, plus we’re always going to gaming events to spread word about Phantasma (PAX recently as an example) so expect the number of announced games to grow.

About GOATi implementation, it is not specific for 22series, they are doing it on a generic way that allows connecting Phantasma with other games quite easy.

Cryptodiffer Community

Understanding that SOUL will have oracle support for smart contract. May I know if you can share some detail about that function. Is it a decetralized oracle service ?

Sergio Flores
CEO

Not will have. Already has, since day one, altough there are some pending updates to the oracle system to make it even more powerful in a few weeks from now

And yes, it is a decentralized oracle system allowing nodes in the network to propose, accept and merge values based on the wisdom of the crowd paradigm.

Currently it is being used already to allow cosmic swaps to function properly.

Cryptodiffer Community

What are the next steps after the mainnet launch? any community expanding? where is the main part of your community come from, what country? What country do you see the leader of Phantasma/Blockchain adoption?

Lee Kai Lee
PR/Marketing

Some of the next steps are in here: https://t.me/c/1496936810/31869. Important to know: we don’t collect any data from our community, not even from our users. This would be very counter-intuitive to what our vision is. There is no specific country we are targetting, specifically like I mentioned before: our initial focus is the gaming industry. With the games being deployed on Phantasma, especially a triple AAA game such as 22 Racing Series (https://youtu.be/9Br69OVRzFE) by GOATi Entertainment, we believe that we could kick it off and become one of the leaders in blockchain for gaming. Other platforms have the advantage of quantity of games, which we could simply support in our App. But we have the AAA quality game. Expect more information soon regarding the NFT sale and beta. The game is already fully playable and GOATi is travelling the world to visit many gaming conferences showing their beta and even make people play it.

Cryptodiffer Community

1) What is MKNI ? What is the role in MKNI in phantasma ecosystems . 

2) 1) What is the uniqueness of phantasma that cannot be found in other projects that´s been released so far ?

Lee Kai Lee
PR/Marketing

MKNI is a fun token minted by our team, as Bill who is one of our core team members loves to wear the mankini and talk about it, you can PM him and he will gladly show you a picture (semi-NSFW). It currently is more of a collectors token, but I heard rumors from some of the third party developers that they are planning to integrate the MKNI token in their dApps. The actual utility is still a secret, so it would be wise to collect the MKNI token while you can!

 

All blockchains have good components, some of them focus on one or multiple specific industries. Our blockchain and SDK is build for all use cases, simply pick a developer from the streets, ask him what he is currently building and whatever his answer is, that person could use Phantasma SDK to build it on Phantasma. And something which I mentioned before, Phantasma acts as a bridge for dApps from other blockchains, there are only a few which are working on interoperability.

Cryptodiffer Community

Q. Will the core Phantasma team always exist or be eventually phased out and merged into phantom force? 

Q. If phased out, what plans does the core team have to ensure there will be proper support for new developers looking to use and understand the platform? (e.g educational material etc)

Lee Kai Lee
PR/Marketing

1) Our team will always be involved with Phantasma, we don’t have plans to move away. Whether it is as a Foundation team member or perhaps later as a Phantom Force member to stimulate decentralization (pros vs cons & community feedback). 

2) We will later write technical guides on how to use our SDK and Spook to help educate new developers overcome this bridge.

Cryptodiffer Community

Can you share your vision about NFTs in the near future?

Sergio Flores
CEO

NFTs are quite interesting. While for now they are being used mostly for gaming, they are so versatile that they can be used in tons of other areas, hopefully Phantasma can help with the adoption regarding that aspect. 

We also dont want to make our NFTs an exclusive thing, Phantasma is all about good design decisions from the start, and having the chain features merge with each other. So NFTs blend quite well with the chain swap mechanism, which allows in theory to have any NFT from other projects to be brought into Phantasma and then outside again.

Cryptodiffer Community

Q) We saw SOUL listed on Coinmarketcap on May 2018, it’s a long time for alive. May you share how SOUL survive in this longest bear market and what are difficulties have you overcome during those period ?

Q) In my opinion, the biggest problem of Dapps now are high fee for users, security, less scalability, poor display, so how would SOUL solve these matters?

Lee Kai Lee
PR/Marketing

1) This is simple to answer, we cashed out our funds way before the big market drop in December 2018. Another benefit is that we didn’t heavily expand our team with the raised funds. Most teams went crazy and expanded their team 2-5 times because they raised multiple millions while the market went parabolic in 2017 – to later crash. A lot of funds were wasted on developers they later couldn’t support the salaries of, and had to cut down.  Phantasma had already established a solid team before we had the ICO. We knew exactly how many funds we needed to finish our roadmap.

2) I think the biggest problem with dApps right now is blockchain/crypto. Blockchain/crypto in general is relatively hard to use, and we acknowledge this. Therefor we want to make every simple aspect of our ecosystem and platform easy to use. Access wallet with a simple fingerprint or password, basically make everything simple to use for the non-crypto users, we are using our own mothers as threshold of how easy blockchain dApps should be to use. 

Regarding high fees; not the case with Phantasma. Users can stake SOUL and receive daily KCAL on a ratio 1 SOUL = 0.002 KCAL. KCAL is the network resource token of Phantasma, so it will be used to pay for fees. You are basically generating the KCAL for free. 

Scalability; every Phantasma dApp will be built on its own side-chain, so it will be scaled horizontally and vertically with 5K TPS and 2 sec block time. 

Security; actually blockchain is very secure. One of the advantages is that only the user controls its own funds, but it sometimes is a drawback too, if the user loses the private key or sends the funds to a wrong address.

 

Cryptodiffer Community

Hello there team  

I have a few questions for you and appreciate for the answers 🙂 

1. What are your main advantages compared to your competitors?

2. How did you guys come together in past to start this project and whos idea(from whole team) was to give project name Phantasma and ticker SOUL?

Thank you

Sergio Flores
CEO

I will skip the first part, already discussed.

Regarding name and team, well, the team was assembled mostly from people I knew with tons of experience in crypto, both the technical side and the economical side. Later we expanded the team based on recommendations from the existing team members. We always kept our team small because it allow us to have a more close bond, instead of being just some hundred guys working in an big office without barely knowing anything about the project or each others.

About the names, in the beginning I created most of them, I always wanted to make it have a more relaxed / fun side, specially since we knew that besides crypto the gaming area was the thing we had more experience and that kind of naming schemes is a good fit for that

Cryptodiffer Community

If I am not wrong the main problem for a blockchain platform  to reach mass adoption is the number of regular users.

What’s your plan to attract users for dApps on Phantasma Chain?

I know Phantasma will be without KYC but Will there be an option to have an ID linked to the address on the blockchain???

Lee Kai Lee
PR/Marketing

1) Already discussed this several times.

 

2) Yes, instead of sending tokens or somethign else to a publid address, users can setup a username connected to their wallet. This way you can just send tokens simply by entering the username, this is a very important attribute used by centralized platforms.

 

Cryptodiffer Community

All the financial or Marketing institutions, how are they going to use your platform? With an annual membership? 

How will content on the platform be priced? Is there any chance that the content will be overpriced? Who will oversee the price system?

Lee Kai Lee
PR/Marketing

Phantasma is Open-Source so membership is not necessery. A big advantage for third party developers is that we do not take any % from the revenue they are making. They are entirely free to decide how to monetize their own dApps.

 

Cryptodiffer Community

Guys! Congrats with the recent Mainnet Launch! it was a great proof of your work since ICO, and we see that you did a lot! I have 2 questions:

1) can you tell more about SOUL Masters staking, would you do some initiatives, competitions to engage users/investors to stake tokens? 

2) What are your main milestones are to achieve adoption and mass usage of the Phantasma chain? What is your strategy to expand the benefits of usage of Phantasma Chain to other companies/projects?

Lee Kai Lee
PR/Marketing

1) Soul Masters are wallets who have staked 50K SOUL to receive the SOUL Master badge. They will be rewarded from a monthly pool of 125K SOUL coins. The 125K SOUL is equally distributed at the end of every month to all SOUL Masters for 4 years, starting with next month. You will need to have the SOUL staked for the whole month to receive the rewards of that specific month, though. 

If you don’t have 50K SOUL, you can still stake SOUL and receive KCAL on a daily base: 1 SOUL = 0.002 KCAL.

2) This I already discussed before, as Phantasma acts as a bridge for dApps from other blockchains we are planning to bring those communities into one single ecosystem. Besides this we are going to make user experience as easy as possibly possible on blockchain. First milestone is launching main net. Next milestone is launching the Phantasma App, that is when the product will speak for itself and we can get our business development rolling.

 

Cryptodiffer Community

What difficulties have you encountered during the development of #Phantasma ? Which is the most serious problem?

Sergio Flores
CEO

The amount of work required to create a blockchain from scratch, specially one with all features we have. It is one thing to create a blockchain that works just for cryptocurrencies, but once you add smart contracts on top of that, it gets way too complex.

We adopted many programming industry standard techniques to make sure things keep working even when we had to rewrite several parts, for example if you look at our Github you can see that we have hundreds of automatic tests in place to catch any bugs that might appear from thinkering with the chain code.

 

Cryptodiffer Community

1)Do your characters in NachoMen grow in price?)

2)In some country, crypto payment is still not available right now. So do you think Phantasma will have diffculties when expand to these area, which are in global market aiming of your team and your project?

3)What impact has the recent bear market had on the Phantasma project? Have recent adverse market conditions prevented us from moving forward and achieving our goals in the near future?

4)Comparatively, with regards to speed, precision, accuracy, how does Phantasma outperform similar projects and competitors already in the same field and ecosystem

5)In addition to releasing a new platform, can you tell us what your plan is?  What can we expect in 2021?

Lee Kai Lee
PR/Marketing

1) It is an open market, is you have a good luchador then people may want to pay a high price for it. 

2) Phantasma will support FIAT gateways in the future

3) https://t.me/c/1496936810/31879

4) 5K TPS and 2 sec block time is very good compare dot other blockchains. And probably more than needed already.

5) In 2021 our roadmap and platform is fully finished. The ecosystem is growing every day and Phantom Force has many developers already who are developing dApps.

 

Cryptodiffer Community

One of Phantasma’s core feature is to establish a Marketplace of digital-goods. We saw the difficulties faced by Ethereum in case of CryptoKitties. So, what makes you any different from them and is there a demand for it?

Sergio Flores
CEO

It’s simple. We saw what happened and learned from them. Plus with our token swap system we not only support Phantasma native tokens and NFTs but also tokens and NFTs from other chains, where all can be available in a single (or multiple) marketplace, a free market where everything is decentralized.

 

Cryptodiffer Community

1) What are your personal expectations for the impact GOATi’s 22series game will have for usage / adoption of Phantasma’s chain and services once it is launched on Steam and consoles?

2) With regards to gaming what does, in your view, Phantasma bring to the table that traditional solutions and also other blockchain prjects don’t?

Lee Kai Lee
PR/Marketing

1) What truly interests us about 22 Racing Series is that everybody is able to make revenue. Right now Pro-gamers are the only ones who play the game for their career and generating revenue.  Gamers usually play the game to have fun, to compete or to collect. Gaming on blockchain can combine all three aspects and even add revenue to that, as long as the in-game assets are tokenized that is. We think this will attract the youth as well as gamers who are familiar with crypto already. Besides that, 22 Racing Series is one of the only AAA games I personally know which are launching a game on Playstation/Xbox/Steam. They have solid partnerships with many big gaming industries including AMD. 

2) Phantasma provides funding for developers which other platforms usually don’t want to do. GOATi for example had a few blockchains they were interested in to integrate into their game. I quote Garth, the Managing Director of GOATi: 

”Depths of smart contacts — there are things we want to build that will be a great disruption in the Esports and game industries that other chains absolutely couldn’t do and hadn’t considered”

”Creation of NFTs. Enjin for example require developers to pay them for every NFT they put on chain, regardless of whether it’s free or sold. Steam don’t even do this. Phantasma makes it possible to create NFTs basically for free”

Phantasma thinks about the community and the developers, as we believe that they are the core of our future success. We are building the platform, while you are the ecosystem. We do not take any cut from revenue from other parties.

 

Cryptodiffer TEAM

Thank you Phantasma team for taking your time!

Thank you everyone for participating today, as always great questions! And thanks to the community for such nice questions!

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CryptoDiffer Admin
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