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Phantasma is a decentralized, single-source, fully interoperable blockchain powered by the governance token SOUL and the energy token KCAL, which allows for interoperability with other blockchains.
Phantasma (SOUL) describes itself as a secure, fast, and scalable blockchain solution. It has an innovative staking mechanism and dual token system. Phantasma blockchain’s primary goal is to be a one-stop solution for both blockchain developers and dApp users.
The chain is designed in order to be used for digital goods and services for communications, entertainment, and marketplaces through its innovative staking mechanism, advanced eco-friendly smart NFTs, dual token system, and sustainable tokenomics model. Also, Phantasma blockchain has proven to be the platform of choice for Gaming and NFTs, since live mainnet in October 2019.
Phantasma’s main features are its low minting and transaction fees and its smart NFT technology that has been built on-chain level. Moreover, Phantasma committed to its pledge to become the first certified carbon-negative blockchain.
Phantasma has an easy-to-use connector between wallets, dApps, and blockchain via Phantasma Link. It provides cross-chain interoperability with the BSC, Ethereum, and NEO blockchains and is capable of a high throughput due to infinite sidechains.
Phantasma Chain will allow infinite side chains to be deployed. The chain can run on its own side chain independently from all other side chains. This feature removes the risk that one single dApp could shut down the whole network whenever spammed.
Phantasma Blockchain can validate 10k transactions per block. This capacity applies to both main chains and every single side chain. It means that every side chain will be able to achieve the same maximum transaction per second independently from both the main chain and all the other side chains.
Phantasma Chain has adopted a variant of Proof-of-Work, where it requires users to have a stake in the network to become a validator (block producer). As a reward for their contribution as a block producer, each block producer receives a share of the transaction fees. The block producers use a rotational scheduling per side-chain to define who the active block producer is. Phantasma introduced the on-chain governance system, which removes the need for forks. This system allows the blockchain rules to be parameterized to allow those rules to be edited on-chain, as long as there is consensus for that specific update. This consensus is reached by running a poll among either the block producers or the whole community.
Based on SOUL's market cap chart, it is obvious that an overall increasing trend has happened since August 2021. SOUL's market capitalization rank saw a sharp jump from the last week of August 12 to the time of writing this post (10/31/2021), rising from the rank of 743 to the rank of 519!
The price also saw a similar jump over the same period, going up from $0.25 to $0.83. However, SOUL's liquidity score is 18% below the market's average score, which means that you might face some difficulties selling SOUL in bear markets. It is worth mentioning that All-Time High was $1.06 and All-Time Low was reported $0.0096. Also, the SOUL's price growth over the last year was 1457.2%. The overall market cap is reported as $104,197,55 and its growth was 1457.2% over last year.
Gaining public attention is a critical factor in determining the success of any project. Our data shows that SOUL's popularity in social media was green over last month. The Twitter followers, Reddit subscribers, and Telegram channel users saw a growth of 24%, 26%, and 8%, respectively.
SOULs Return On Investment (ROI) over the past year was 1,143%. Also, it should be mentioned that if you had invested in SOUL a month ago, you could enjoy 61% profit on your investment. Also, it should be mentioned that the growth of SOUL's ROI in comparison with similar projects is 1,973% higher.
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