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Phantasma ICO Overview
The Phantasma ICO and SOUL Token action a decentralized agreeable administration arrangement on the blockchain, architected to accent aloofness and aegis for users. Phantasma makes the case that decentralization brings a abundant bare amount add to advice aegis amid aeon and has congenital their agreement accurately geared against agreeable administration of all types.
The capital bulletin of the Phantasma aggregation is that assurance on centralized casework for administration advice poses a cardinal of dangers to individuals and organizations alike. Moreover, the growing dapp ecosystem requires a way to deeply barter abstracts as well. Phantasma see their artefact as a band-aid to these issues.
Phantasma ICO Value Proposition
Phantasma provides both a belvedere for agreeable accumulator and a agreement for sending letters via acute contracts. The ultimate end of the agreement is to accommodate a framework for abstracts administration on dapps. Phantasma has advised the agreement for the barter of emails, absolute messages, files and added abstracts on top of the blockchain. The architectonics of the absolute artefact consists of 5 capital components:
The Blockchain: Phantasma will initially be launched on the NEO blockchain itself. The aggregation intend to accept NEOX for cross-chain interoperability and will again eventually angle Phantasma into its own blockchain. The aggregation adduce this is the best aisle to extensive best ability for the network.
Smart Contracts: The primary action of the Phantasma acute arrangement is for the messaging protocol. The acute arrangement arrangement additionally handles agreeable accumulator and badge affairs as ammunition for the network.
Software Development Kit: The aggregation intend to absolution an SDK so that anyone can advance their own dapps application Phantasma. The SDK is a analytical basic for the amplification of the ecosystem.
Relay Nodes: To actualize an architectonics that can appropriately handle the assignment of abstracts barter in a decentralized fashion, the broadcast nodes will abide on their own off-chain band amid the NEO blockchain and all Phantasma dapps. The ambition of including an off-chain band is to facilitate faster commitment of encrypted content.
Distributed Content Storage: The Phantasma Abstracts Filesystem (PDFS) is a decentralized abstracts arrangement which will serve as the accumulator backend for Phantasma dapps. Users (running Phantasma Nodes) may added accord to the arrangement by active abounding PDFS nodes.
Visualization of the Platform Architecture (Phantasma Whitepaper)
The basal account badge is alleged SOUL. As Phantasma is congenital on the NEO blockchain, SOUL will initially be issued as an NEP-5 token. Users of Phantasma charge tokens to pay for the abstracts which they barter and for the creation/renewal of accumulator space. Developers and contributors accept SOUL for accouterment accumulator and arrangement casework and nodes are adored for their role in acceptance the network.
Phantasma ICO Team
Sergio Flores (Co-founder and Engineer) Sergio is a developer with the City of Zion. He has been a programmer for about two decades. Prior startup acquaintance includes the founding of his own bold development company, Lunar Labs, which has been in actuality back 2015. His GitHub is accessible here.
Miguel Ferreira (Co-founder and Engineer) According to the Phantasma website, Miguel holds an MSc in Computer Science and is an accomplished blockchain developer. His LinkedIn is not available.
Alexandre Paixão (Marketing Manager) Alexandre acquired 6 years of business acquaintance afore abutting the Phantasma team. His primary focus has been aural the gaming industry, area he captivated positions such as Business Assistant and Business Manager in Portugal. He holds a Master’s amount in Business from the ISCTE Business School.
Sérgio Pereira da Silva (Business and Finance) Sergio has a able accomplishments in accounts and accounting. He has formed for the aftermost 2 years with Portuguese blockchain engineering aggregation SyncData.
Advisors to the Phantasma ICO accommodate Co-founder and CTO of Bluzelle, Neeraj Murarka.
Full capacity on the aggregation and admiral are accessible here.
Phantasma ICO Strengths and Opportunities
Interoperability with absolute systems is a amount focus for the after stages of the artefact development roadmap in 2024. By accretion alfresco the NEO ecosystem, Phantasma has a bigger attempt at acceptance for transacting abstracts amid dapps on disparate protocols.
Using their email applicant as an example, Phantasma affairs to eventually apparatus mailboxes that will be accordant with accepted email addresses and can accordingly acquaint with email systems alfresco the blockchain.
A accessible downside to this is that, presumably, any advice exchanged with email systems alfresco the blockchain will be retained on centralized servers and appropriately defeat the purpose of architecture a decentralized email client.
As a agency to alone barter encrypted abstracts amid dapps, Phantasma holds added promise. The aggregation anticipate a countless of accessible use cases for their artefact if they can attract developers to body on Phantasma, such as a broadcast ball agreeable arrangement and a decentralized ecommerce platform.
As the aggregation has fabricated accessible an SDK for developers, the abeyant exists for any cardinal of dapps to result. However, the allurement to body such platforms will await heavily on Phantasma’s antecedent success aural the developer association and added cryptospace from the starting line.
Promotion will booty abode through a business attack with rewards to advance antecedent absorption from developers. After the barrage of the platform, Phantasma will apparatus an incentivized affairs for development of 3rd affair dapps in accession to announcement amoebic business through supporters aural the community.
Phantasma ICO Weaknesses and Threats
As far as a affidavit of abstraction is concerned, Phantasma has amorphous assignment on their defended email client, with affairs to absolution a ancestor in Q2 2024. By Q4, the aggregation affairs to absolution their defended babble client.
The absolute catechism at pale actuality is whether users absolutely appetite to accept a babble and email arrangement that requires tokens for usage. Is the accumulation bazaar gluttonous afterwards such a model, or are boilerplate bodies added acceptable to abide to use chargeless casework like Gmail, Dropbox etc. for such purposes?
While it’s acceptable added and added axiomatic as time passes that bodies are anxious with issues of abstracts privacy, whether or not they are accommodating to pay for added aegis is addition amount altogether. Some letters accept illustrated that privacy artlessly is not a affairs point on which consumers abject decisions back application or alike purchasing articles and services.
Moreover, big tech companies accept confused to annihilate such apropos through the use of encryption on abounding accumulation customer messaging casework such as WhatsApp. Free encrypted email casework already exist as able-bodied that accommodate abounding of the aforementioned protections afforded by articles like Phantasma.
While there are consistently tradeoffs to be fabricated back it comes to arrangement acceleration and security, it’s adamantine to barometer antecedent user affect against the achievement of Phantasma after a alive product.
If accumulation acceptance of email casework which are free, encrypted and secure, haven’t yet happened, a abstaining appraisal would advance us to accept at this date that a blockchain-based artefact may not book any better.
None of this is to abolish the accent of aloofness or advance customer accedence to big tech is a absolute trend. On the contrary, the cryptospace charge appraise the catechism added actively apropos what absolutely moves masses of bodies against acceptance of new articles if we absolutely achievement to accomplish it happen.
The Verdict on Phantasma ICO
The Phantasma ICO is absorption heavily on a amount hypothesis that may not accept acceptable continuing with the boilerplate internet user to accretion traction. Underlying the dapp band of the activity admitting is a added adorable basement set that has abeyant for a cardinal of another use cases.
Still, we don’t accept abundant advance on the artefact end to abode abundant aplomb in this apriorism alone. With all these factors taken into consideration, we will not abode a bet on the Phantasma ICO.
Note, although the capital whitelist is closed, there are 1,000 added whitelist spots accessible from May 10th – capacity are on their Telegram Group.
What Would Change our Minds
Learn added about the Phantasma ICO (SOUL) from our Telegram Community by clicking here.
PHANTASMA ICO REVIEW SCORES
SUMMARY
The Phantasma ICO (SOUL Token) is adopting money to body a user-friendly, privacy-first platform that could abutment dApps focused on agreeable distribution. In added words, at atomic initially, agreeable accumulator and messaging systems. We accept apparent several blockchain initiatives in this field, and while anniversary addresses a absolute charge and has a 18-carat use-case, the catechism that continues to be changing is of ascendant importance: if freely-available encrypted, clandestine email and messaging casework haven’t already bent on, how will tokenizing these casework aback ablaze a blaze beneath the ambition user?
Founding Team……………………….7.8
Product…………………………………..4.7
Token Utility…………………………..7.8
Market…………………………………..3.3
Competition…………………………..6.0
Timing……………………………………8.5
Progress To Date……………………3.1
Community Support & Hype…..7.3
Price & Token Distribution……..9.3
Communication……………………..6.8
FINAL SCORE……………………….6.7
UPSIDES
DOWNSIDES
Today’s Date: 5/9/18
Project Name: Phantasma
Token Symbol: SOUL
Website: https://phantasma.io
White Paper: https://phantasma.io/phantasma_whitepaper.pdf
Crowdsale Hard Cap: $10,000,000 USD
Total Supply: 100,000,000
Token Distribution: 65% accessible for TGE, 20% aloof for aggregation and advisors, 15% aloof for belvedere advance and developer incentives
Price per Token: 1 SOUL = $0.23 USD
Fully-diluted Market Cap (at crowdsale price): $15,000.000 USD
Accepted Payments: NEO
Countries Excluded: China, USA, North Korea, Syria
Bonus Structure: N/A
Presale Terms: N/A
Whitelist: Second annular whitelist for the aboriginal 1,000 participants starting May 10th, 15:00 (UTC 1) on the Phantasma website
Important Dates: Crowdsale- May 22nd, 00:01 UTC
Expected Token Release: TBA
Additional Information: https://t.me/Phantasma_english
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Cryptocurrencies and blockchain are arising technologies that backpack inherent risks of aerial volatility, and ICOs can be awful abstract and action few – if any – guarantees. You should never accomplish an advance accommodation on an ICO or added advance based alone on the admonition on this website, and you should never adapt or contrarily await on any of the admonition on this website as advance advice. We acerb acclaim that you argue a accountant advance adviser or added able banking able of your allotment if you are gluttonous advance admonition on an ICO or added investment.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
