Phantom PHM Price Data
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General Information
Protocol Description
Phantom is an innovative cross-chain protocol specializing in synthetic asset generation and issuance across multiple asset classes including:
- Cryptocurrencies
- NFTs
- Traditional financial instruments
- Commodities
The platform provides real-time PHM price indexing in:
- US Dollars (USD)
- Bitcoin (BTC)
- Ethereum (ETH)
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Key Protocol Metrics
| Metric | Value |
|---|---|
| Total Supply | 10,000,000,000 PHM |
| Market Cap Category | N/A |
Understanding Phantom (PHM)
Core Platform Features
1. Multi-Asset Issuance
- Supports tokenized assets and NFTs
- Enables creation of pNFT tokens (Phantom's proprietary synthetic assets)
- Facilitates NFT trading with enhanced liquidity
2. Synthetic Asset Marketplace
- Bridges crypto and traditional markets
Supports assets including:
- Precious metals
- Equities
- Commodities
- Custom pNFTs
3. Commodity-Backed pNFTs
- Tokenized representations of real-world assets
- Two-way conversion between pNFTs and tradeable tokens
- Physical asset redemption through token burning
4. E-Sports Integration
- Partnerships with gaming influencers
Innovative products:
- E-Sports snapshot NFTs
- Competitive event prediction markets
5. Cross-Chain Infrastructure
Native support for multiple blockchains:
- Ethereum
- Binance Smart Chain
- Conflux
- Additional networks
- Reduced transaction costs through interoperability
6. Advanced Liquidation Mechanisms
- Expanded collateral options
- Automated Market Maker (AMM) based liquidation
- Arbitrage-triggered systems to minimize bad debt
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Phantom Ecosystem Advantages
- Liquidity Enhancement for traditionally illiquid assets
- Market Expansion beyond crypto-native products
- Fee Reduction through multi-chain architecture
- Risk Mitigation via innovative liquidation systems
Frequently Asked Questions
Q: How does Phantom differ from other synthetic asset platforms?
A: Phantom uniquely combines NFT functionality with traditional synthetic assets through its pNFT system, while offering cross-chain compatibility.
Q: What blockchains does PHM currently support?
A: The protocol currently supports Ethereum, BSC, and Conflux, with plans for additional network integrations.
Q: Can pNFTs represent physical assets?
A: Yes, pNFTs can be collateralized by physical commodities and redeemed for the underlying asset when burned.
Q: How does Phantom prevent liquidation issues?
A: The platform uses AMM mechanisms combined with arbitrage incentives to ensure timely liquidations.
Q: What's the total supply of PHM tokens?
A: There's a fixed maximum supply of 10 billion PHM tokens.
Q: Does Phantom have any gaming partnerships?
A: Yes, the protocol collaborates with multiple e-sports entities to develop blockchain-based gaming products.