What is Phantom?

in airdrop •  3 months ago

This is going to be a quick crypto post about Phantom. Phantom is a decentralized system that is operated by a Delegated Proof of Stake concept DPOS similar to that like Ark. Phantom will be used to create Private Smart Contracts and transmit private transactions within the network. This would be one of the first private smart contract platforms that will run off of DPOS. The native currency for Phantom will be called ZINCS (XNC) which will be used to stake the network, vote of protocol changes, elect block producers, and allow usage of network resources.

301 Moved Permanently

Phantom will be a community driven platform that will be a fork off of Ethereum's CTR ERC-20. The base code will be off of Ark. The idea is to create a decentralized network, free from centralized control. Ark's DPOS infrastructure is scalable and interoperable. There is no ICO for Phantom. The cryptocurrency will be forked and distributed to CTR and ARK holders. Ark holders will receive a 3:1 XNC Ark balance based off of holding on August 30th, 2018. The inflation rate will be 5% per year.
This number can change if voted within the network. There will be 51 voted delegates running the network which is the same as Ark.

The balance shot will be on August 30th, but the coins will not be distributed until a later date. Lately, airdrops have not been causing too much of a stir, but the alt market is hurting right now. It might not be a bad idea to collect the airdrop and hold on your wallet for a few months/year or so and wait for the next alt market run up. The nice thing about Ark, is that you can also vote for a delegate who will pay out distributions for your vote. It is similar to getting paid out dividends for holding a stock. However, these payouts can be a frequent as 1 to 2 times per day. This is a nice way to accumulate more Ark while we wait out the alt bear market. As an Ark holder, I am looking forward to this airdrop. I will just set aside the XNC I receive, and vote for a delegate who pays out distributions on the Phantom network. This will increase the staking rewards while I wait out this bear market.

Well that is all for now. Good luck investors and Ark/CTR holders. Hopefully this airdrop will pay off one day in the future. I will see you again soon.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

Onk sundor likhcen apni vai,caliye jan sathe aci

Posted using Partiko Android

Sneaky Ninja Attack! You have just been defended with a 64.45% upvote!
I was summoned by @pbgreenpoint. I have done their bidding and now I will vanish...

A portion of the proceeds from your bid was used in support of youarehope and tarc.

Abuse Policy
How to use Sneaky Ninja
How it works
Victim of grumpycat?

Airdrop of Gapro coins tokens worth of $125
Just sign up. Tokens will be available for withdrawal on 16 September.

Thanks for sharing. I've smashed the upvote button for you!

Also, if you are looking to get some tokens without investing or mining check out Crowdholding (https://www.crowdholding.com). They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITF, Smartcash and many other ERC-20 tokens.

Great to know about this phantom thing thanks for sharing dear :)