Phantasma ICO

Protecting content creators from centralised third parties.

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Phantasma ICO

An ICO one should keep their eyes on that recently finished its tokensell is one that goes by the name of Phantasma. Their whitelist is unfortunately closed and there is a danger when one reviews ICOs with closed whitelists as they can be accused of stealing projects.

Phantasma wants to create a privacy-centered content distribution system that protects content creators from centralized third parties and unknown power brokers for a very low hard cap set at ten million US dollars. Its total token supply is of a hundred million and it is going to be selling 65 percent of its tokens to the crowd sell. 20 percent are going to be given to the team, according to their telegram chat pre sale bonus, and tokens are going to be vested for three months. Other than that they do not really provide any information on the presell metrics.

There are many things to like about Phantasma ICO. The first thing is that it actually has backward compatibility with legacy technologies such as email. The project runs on top of the Neo wallet address system making it secure and accessible. The second thing to like is that it really does have a strong roadmap with clear and definable goals. This is really what a roadmap should look like. In the fourth quarter later this year the Phantasma protocol will actually split from the Neo blockchain to form its own blockchain and in the first quarter of 2019 the main net will be released and native tokens will be issued. The final positive about this project is that it has a world-class team made up of the city of Zion developers. Its low cap and high unmet demand make it an ideal candidate to flip on the exchanges. That is obviously not financial advice and one may choose to do with this information whatever they think is beneficial to them.

It’s very hard to critique it which is a good sign. The majority of users in the cryptocurrency space will not able to think up of negatives regarding this project. It has, however, got too many competitors to name. On the one hand, you have got Mainframe and Telegram which emphasize encrypted chat and on the other hand you have got other companies like NewCypher and LightStreams that either offer privacy layers for distribution or data storage solutions.

It is advisable for one to conduct their own research regarding ICOs and their limitations or advantages as the internet is not a good financial adviser when it comes to how one should handle their money, however, a quick overview of the way an ICO works, its token economics and its white papers is a good dive into what the ICO stands for.

Keeping all that in mind, it is essentially up to one’s own self whether they choose to invest in an ICO or not. Research, analyze and approach with caution. The world of ICOs is your own playing field and whatever way you choose to venture out in it, make sure you are fully equipped and motivated before doing so.