What Is Phantasma (SOUL)?
SOUL is the native token of Phantasma, which is a blockchain that provides users with crypto-based gaming, decentralized applications (dApps), non-fungible tokens (NFTs), and so on. If you want to see the live SOUL price, check out the Phantasma price chart featured above.
In terms of gaming, Phantasma provides gamers with Pavillion game hub by GOATi. It’s a game development hub that supplies Phantasma with games, as well as allows developers to build their own games. Developers who decide to build their games through Phantasma are able to earn royalties on every second sale of their game licenses. Besides, Phantasma enables developers to make their assets compatible across different games.
Talking about assets, Phantasma has a built-in NFT functionality, which makes it easier to program smart contracts for Smart NFTs. Smart NFTs are one of the highlights of the Phantasma crypto project. They are created with the unique concept of NFT metadata, they can be composed of multiple NFTs, they can be timed, infused with assets, and so on. In essence, Smart NFTs are dynamic NFTs with functionalities that can be altered based on the intended purpose of that certain NFT.
Besides, it’s important to note that, apart from the SOUL coin, there’s also another native Phantasma coin called KCAL. The latter is used to cover transaction fees, mint NFTs, and deploy smart contracts.
Use Cases of SOUL Tokens
SOUL is one of two native Phantasma tokens. Its primary use case is governance. Users who stake SOUL tokens are able to participate in the decision-making processes and decide on the further development of the Phantasma crypto project. Besides that, SOUL tokens allow holders to earn KCAL on a daily basis.
Additionally, there’s a dApp called Phantasma Pharming, which is a native cross-chain liquidity incentivization protocol. It rewards users with SOUL and KCAL tokens for providing liquidity on Uniswap and Pancakeswap.
Just keep in mind that the SOUL price can get quite volatile, which is how it usually is with most crypto assets. Thus, before making any purchasing decisions, don’t forget to take a look at the Phantasma price chart featured above.
