Neutral Phantasma opinions
Summary:
So far,1 of opinions have been recorded for Phantasma. These opinions are not investment recommendations but the community's perspective on Phantasma. Please do not make a purchase decision based on these Phantasma opinions.
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Phantasma opinion #1
At Phantasma, we have an offshoot of the encrypted peer-2-peer communication projects, which is dedicated to data sovereignty and data encryption. Users of the network can thus share any kind of data content, be it documents, photos or videos, with another participant in encrypted form. This data cannot be viewed from the outside and therefore cannot be censored or controlled.
Contrary to most projects, this was not based on ERC-20 in the beginning, but on the NEO block chain. For the later interaction with other blockchains the extension NEOX was implemented.
For the Plasma project SOUL is used as Utiltity Token. At the beginning of the project, 65 % of all available tokens were distributed by means of ICO (Initial Coin Offering). Only 20 % remained with the development team.
From the point of view of market capitalisation, it can be seen that current hype in the DeFi sector is also causing this share price to rise. Nevertheless, we only have a volume of just under $6 million invested here.
Therefore, from a crypto investor's point of view, the project is not recommendable in my opinion.