What is Phantasma (SOUL) | What is Phantasma token | What is SOUL token
Phantasma is a fast, secure and scalable blockchain solution powered by the governance token SOUL and the energy token KCAL that allows for interoperability with other blockchains while maintaining a decentralized governance system. With its innovative staking mechanism, dual token system and advanced non fungible tokens, it allows users to access digital goods & services such as communication, entertainment, marketplace and storage.
Phantasma Token Metrics
At Phantasma we are aiming to be as transparent to the community as much as possible. This is why we have decided to write a detailed article on every aspect of the token sale and the total token market.
From all the tokens, 65% will be allocated to the token sale which represents 65 Million SOUL tokens. From this amount, 2/3 has been reserved for the token sale and were to be distributed as base tokens in both the private and public sales (43,333,333 SOUL Tokens).
The remaining 1/3 of the tokens were reserved as bonus tokens for the private sales. Any undistributed bonus tokens will be burned.
To summarize the rest of the token distribution:
Platform development and growth: 15% - 15,000,000 SOUL tokens
Team & Advisors: 20% - 20,000,000 SOUL tokens
Team tokens will be locked with a tiered vesting period as following:
• Cliff of 6 months;
• Vesting of 3 years with 10% unlocked every 3 months for a total of 30 months;
Advisor tokens will be locked with a tiered vesting period as following:
• Cliff of 2 months;
• Vesting of 12 months with 10% unlocked every month for a total of 10 months;
Pegged rates for the private and public sales
We have pegged NEO at $62.954 and Ethereum at $705.57, using a 5-day moving average until May the 16th at 00h00 UTC.
1 NEO Platform development and growth: = 273 SOUL
1 Ethereum = 3,070 SOUL.The ETH Lock-in Price was determined only for the private sale. For the public sale you can ONLY contribute with NEO.
Bonuses were only available for the private sale, up to 30% for normal investments and up to 50% for strategic partnerships.
Private Sale Tokens
This resulted in a total of 30,700,000 base SOUL tokens and 12,803,435 of bonus tokens being distributed. Meaning that a total of 8,863,232 bonus SOUL tokens will be burned from the bonus tokens available for the private sale.We have received overwhelming interest from individuals and institutes for our private sale,
We carefully selected our strategic partners that benefit the Phantasma platform and ecosystem the most in the long run. You can view our current strategic partners on our website. As the Phantasma platform grows, we will be constantly forming new partnerships and add them to website.
For the addresses belonging to private sale contributors and strategic partnerships the following rules apply:
• 100% of base (non-bonus) tokens will be released and transferable immediately after the token sale;
• Bonus tokens will have a lock-up period of 30, 60 and 90 days, being unlocked linearly for roughly 3 months, with a third of bonus tokens released every 30 days.
Public Sale Tokens:
The amount of tokens available for the public sale will be 12,633,075 SOUL, accounting for 46,275 NEO in contributions. The public sale will be divided in the two stages, (please refer to the countdown clock on our website to find out the remaining time until the 1st stage of the public sale https://phantasma.io/).
Total Market Supply & Total Circulating Supply:
The total market supply, considering the burned tokens, will be 91,136,374 SOUL tokens and will represent a total of $20,961,366.02 at a value of $0.23 per SOUL token. This includes all of the tokens for both the private and the public sale, the team & advisor and platform reserve tokens.
From these tokens, please bear in mind that the platform reserve tokens that are meant for the platform development & growth and will be gradually released into the market over a period of 3 years.
The total circulating supply when the tokensale has concluded will be 43,332,939 SOUL tokens, which represents a total of $9,966,575.97 at a value of $0.23 per SOUL token.
After 3 months all the bonus tokens are released. This results in a total circulating supply of 56,136,374 SOUL tokens.
How to participate in the Phantasma token sale
First of all we would like to thank our community for the tremendous support we have received! Since our tokensale will start soon, we are providing this guide on how to participate in our token sale. We would like to mention that our official website is https://phantasma.io. Please ignore any other sources, such as fake emails or websites with similar names. We’re not accepting Ethereum in the public sale. Do not send NEO to any addresses in a Telegram message or other sources, otherwise you might lose your funds.
To participate in the Phantasma token sale you will need the SOUL script hash. The only way to participate in our tokensale is by adding the SOUL token script hash to a compatible wallet. This guide is written especially for NEON wallet, which supports script hash based-sales.
Please make sure to delete the previous script hash starting and ending with: 4b4f……b7a4, this will make sure that only the new SOUL tokens will be displayed in your Neon wallet.
STEP 1
Download and install the latest version of NEON wallet (version 0.2.5).
This is the only link containing the official releases of the NEON wallet by City of Zion:
https://github.com/CityOfZion/neon-wallet/releases
Do not trust any other download link!
NEON wallet official download page
STEP 2
Select one of the login options. Which one you have to select depends on if you were already a NEON wallet user or are using a private key obtained from another interface (eg: neotracker.io, NEX extension, neo-gui, etc.)
NEON wallet version 0.2.5 login screen
STEP 3
After login, you should see this screen. Select the “Participate in a token sale” option.
STEP 4
Select “Add a new token to purchase”.
STEP 5
Click on “Add a new token”. Whenever you click on this, you will have to scroll down that list of hashes until you see the new entry.
Add this script hash to the new entry you created: ed07cffad18f1308db51920d99a2af60ac66a7b3
This is the SOUL script hash which you will have to save.
STEP 6
The steps from here onwards can only be done starting from of May 27th 00h00 UTC timezone. Click on the “Participate in a token sale” button and select SOUL from the dropdown menu.
Make sure NEO is selected on the right side and enter the amount of NEO you want to contribute. Note that the minimum contribution is 1 NEO and the maximum contribution is 10 NEO for the first 24 hours. After this, the maximum cap will be increased to 50 NEO on a first come first serve base. If your contribution exceeds the maximum cap for each round, it will be refunded to you after the token sale has concluded.
STEP 7
After this, read all the checkboxes in the red area and make sure you agree and press continue. The SOUL tokens will appear in the NEON wallet under “Token balance” within 1-2 blocks after your contribution.
ALTERNATIVE WALLETS
Our team recommends using NEON wallet. Since NEON wallet is only available for 64 bit, we have provided an alternative in the Morpheus wallet which supports 32 bit.
Find the latest official release here:
https://github.com/MorpheusWallet/beta/releases
You can find an option to participate in sales by choosing dApp Browser and then selecting Advanced Token Sale.
Note that Morpheus wallet is still a beta release, use at your own risk.
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