What is Phantasma (SOUL)?
Phantasma is an open-source blockchain-based carbon-neutral ecosystem that primarily targets gaming companies. Annually, their electricity consumption level equals that of an average household in America: ~52,500kWh, which is definitely a step up from eating up as much electricity as California or Iceland, as some other blockchain-based systems do. Now, let’s move to SOUL.
Phantasma’s ecosystem operates on two tokens: KCAL and SOUL. SOUL is the system’s governance token — developers and users of the platform buy it to stake it, have a word in where the network is going to move, receive a segment of the platform’s decentralized storage, and buy NFT. Among NFTs people can buy for SOUL crypto, there is a whole artwork marketplace called Ghostmarket and Pavillion hub for NFT gaming.
When users stake SOUL crypto, they create a block in the network — and, for their contribution, receive a certain percentage of transaction fees in KCALs (they call KCALs Energy, so keep them in mind when reading Phantasma’s whitepapers.) Both cryptos can be exchanged to other crypto assets or fiat on different platforms — Phantasma has different wallets for corresponding blockchain networks the most popular cryptocurrencies are mined on.
The main idea behind Phantasma is to promote NFTs and eco-friendly blockchain. A platform has already been a basis for the development of multiple DApps and NFT-enhanced games, and they’ve already partnered with multiple artists and developers, providing them infrastructure, consulting, and development power to secure & streamline their operations. The platform supports 5,000 transactions per second and is available in eight programming languages.
Phantasma Price Index
SOUL price remained very low through 2020 and part of 2021. It was not until March 2021 that it hit record highs, but then again performed badly from April to September. Since September, though, the SOUL price chart has recovered.
Circulation of Phantasma
The max supply of SOUL coins is about 103M coins. Phantasma’s developers plan to increase this number up to 100M to split additional tokens between developers who are willing to contribute to the platform. Recently, the token — and the platform behind it — even hit the top 10 of LunarCrush: they’re topping the coin market in terms of publicity.
Ways of Buying SOUL
One of the best ways to buy Phantasma is by going to Godex. Godex’s chief advantage is its anonymity. Users do not have to register an account; instead, they go onto the website, enter their wallet address, and start exchanging. Godex’s only disadvantage is that it does not allow fiat transactions — so no phantasma to usd. SOUL exchange works only with other cryptos.
Other services allow fiat transactions with different Phantasma price usd, but they do not have Godex’s anonymity. Instead, they have KYC requirements that force you to provide identifying documents. Because exchange platforms are often hacked and hackers could find out a lot about you just by using your email, using a Godex SOUL converter is more secure.