The Phantasma 2.0 upgrade in December 2021 launched Smart NFTs, which are composite NFTs made up of an unlimited number of tokens. For example, in the 22 Racing Series each hypercar is made up of individual NFTs representing individual car parts. They can be time-limited, minted on demand, nested with multiple assets and contain locked content. Phantasma has introduced an inflationary element to SOUL supply to incentivise developers to use the network.
- It uses a staking mechanism and dual token system to give users access to different digital goods and services across communication, entertainment, marketplaces and storage.
- SOUL then retreated to a low of $1.91 and traded up to $2.43 on 28 December.
- Based on PricePrediction’s SOUL predictions as of 29 December, SOUL coin could reach the $10 level in the coming years, hitting $11.84 in 2025.
- Phantasma focuses on deploying multiple side chains to enable the transaction scalability needed to run games and other artistic content including non-fungible tokens (NFTs) on blockchain technology.
- This is due to the ability to host infinite sidechains while the network as a whole benefits from having native oracles built directly into the core of its design.
The three-day to ten-day simple moving averages (SMAs) and exponential moving averages (EMAs) were giving sell signals while the 100-day to 200-day averages were bullish. Holders who stake more than 50,000 SOUL are given the title of Soul Master, earning extra tokens from a reward pool of 125,000 SOUL every month. More than 57% of SOUL tokens have been staked, how to buy volt inu v2 according to the Phantasma website. Phantasma is also certified as a carbon-negative blockchain, which has helped to attract positive attention. This sets it apart from other networks like Ethereum, which has a notoriously higher carbon footprint since it utilizes mining. This website is using a security service to protect itself from online attacks.
At this juncture, we will examine the fundamental indicators that influence the future price performance of cryptocurrencies. Phantasma supports a Cosmic-Swap framework, a liquidity solution that enables token and coin swaps. Phantasma swaps do not require users to use exchanges or learn how to place trades. The volume-weighted moving average (VWMA) was also bullish, while Hull moving average gave a sell signal. The stochastic fast, relative strength index (RSI) and average directional index remained neutral.
One of the main draws of using Phantasma over other chains is its dual token system where SOUL token holders can stake their tokens to earn Phantasma Energy (KCAL). One of the biggest developments to come out of the Phantasma ecosystem over the past couple of weeks has been the launch of several projects on the network. This includes the role-playing card game Blood Rune, the mobile game Ghost Festival and the NFT marketplace GhostMarkets.
The third reason for the building strength of Phantasma is the overall popularity of gaming and NFT projects as blockchain adoption is on the rise. This will incentivize crypto users to become increasingly comfortable with transacting across multiple networks. Founded in 2013, Bitcoin Wisdom strives to provide informative and accurate bitcoin news, price predictions, investing guides and exchange reviews. Barry has been trading cryptos since 2017 and has been invested in issues that would put the blockchain industry on the right pedestal.
Phantasma proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that SOUL is a good choice of investment. Phantasma’s solution no doubt sets the bar high with its ability to combine ownership rights, control over personal creations, and an infinitely scalable model. However, we turn to our artificial intelligence systems for accurate predictions of what Phantasma’s price would be.
- KCAL functions as the network’s resource token, which is used to execute transactions.
- Freeing a soul from a soul coin is considered a good act, even if the soul belongs to an evil creature.
- Investing is speculative and when you invest money, your entire capital is at risk.
- The SOUL coin for the Phantasma blockchain protocol has been trending higher in the past two weeks, with the SOUL/USD price bottoming out after dropping from its all-time high of $3.97 reached on 1 December.
- The SOUL price has made gains as NFTs have taken off in popularity and increased the use of the Phantasma protocol.
- With the interest in gaming and NFTs showing no signs of disappearing in the near future, projects that focus on facilitating their growth and adoption could continue to see their values rise as NFTs become more mainstream.
The wandering emporium’s exchange rate when we visited most recently was 30gold to a coin, which seams bad to me. CoinCodex predicted that the Phantasma coin value could rise by 12.79% to $2.69 by 3 January. Although we believe there are good people in both Russia and Belarus, our decision to block Wikidot is a direct result of recent abuse how to buy curve dao token and hacking events and state-level policy of these countries. We cannot stay quiet about the fact that over the last years we’ve seen numerous abuse and hacking attempts of Wikidot services originating in Russia territory. Now, since the start of war in Ukraine, these incidents increased in numbers and started posing a real threat.
Read more: Oasis Network (ROSE) price prediction: Is the coin a buy?
Phantasma’s infinite side chain and interchain model start with ten blocks with 15 blocks on standby. Based on PricePrediction’s SOUL predictions as of 29 December, SOUL coin could reach the $10 level in the coming years, hitting $11.84 in 2025. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The unique thing about Phantasma is the ability to add infinite side chains. Every side chain can achieve 10,000 transactions per second independent of the main chain and side chains.
One of the pivotal drives of the Phantasma chain is to build a blockchain ecosystem that enables user access to products and services anywhere, anytime. SOUL also provides staking functionality and gives users access to valuable resources and services on Phantasma. In addition, SOUL creates a fair manner of choosing network validators that power the Phantasma chain through its on-chain voting system.
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I’m playing a laweful evil necromancer, so I’ve got no qualms about spending/ using them to further his own ends. Freeing a soul from a soul coin is considered a good act, even if the soul belongs to an evil creature. Soul how to buy cypherium coins are about 5 inches across and about an inch thick, minted from infernal iron. Each coin weighs one-third of a pound, and is inscribed with Infernal writing and a spell that magically binds a single soul to the coin.
The SOUL price has made gains as NFTs have taken off in popularity and increased the use of the Phantasma protocol. Phantasma aims to have its Smart NFTs and blockchain technology play a role in the buildout of metaverse applications. SOUL holders who stake their tokens immediately begin receiving KCAL tokens as rewards. The Phantasma blockchain allows holders to allocate staking rewards to other Phantasma addresses, which means holders can stake SOUL on behalf of family and friends, introducing new users to the ecosystem.
We cannot accept the fact that such attacks on foreign companies and institutions are silently approved or even encouraged by the Russian state.
How high can Phantasma crypto go?
A non-evil creature carrying a number of soul coins greater than its Constitution modifier has disadvantage on its attack rolls, ability checks, and saving throws. The Phantasma coin price prediction from WalletInvestor (as of 29 December) was bullish on the long-term outlook for the SOUL price, projecting that it could reach $3.786 by the end of 2022 and $5.211 by the end of 2023. The algorithm-based forecasting site predicted that the price could reach $8.047 by the end of 2025. Casting a spell that removes a curse on a soul coin frees the soul trapped within it, as does expending all of the coin’s charges. The coin itself rusts from within and is destroyed once the soul is released. A freed soul travels to the realm of the god it served or the outer plane most closely tied to its alignment (DM’s choice).
SOUL has an annual inflation rate of 3% plus 125,000 SOUL distributed monthly to eligible holders. The 3% will be allocated in thirds to network validators, developers and ecosystem incentives. Each decentralised app (dApp) can run on an independent side chain, reducing the risk that a problem with a single dApp could disrupt the entire network.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. To hold a soul coin is to feel the soul bound within it — overcome with rage or fraught with despair. Phantasma partnered with Polinate, a Kickstarter-style crowdsourcing platform, to increase traffic and drive user adoption. This partnership aims to increase user adoption on the Phantasma chain using leading-edge Smart NFTs for their creators. In 2021 Phantasma partnered with Netvork, an innovative project focused on deploying immersive and interactive Metaverse using Unreal Engine. Through the partnership, Netvork will leverage Phantasma’s technology to build and expand its Metaverse.