Phantasma (SOUL) is a cryptocurrency launched in 2018, operating on the Ethereum platform. It is designed to enable interoperability with other blockchains while maintaining decentralized governance. The Phantasma blockchain allows developers to deploy infinite side chains, reducing the risk of disruptions to the entire network. The dual token system consists of SOUL, used for governance, and Phantasma Energy (KCAL), used to power transactions. SOUL holders can participate in on-chain voting and stake their tokens to access network resources and earn rewards.
Phantasma (SOUL) is a cryptocurrency token used for governance and staking on the Phantasma blockchain. It is part of a dual token system, where SOUL is used for governance and Phantasma Energy (KCAL) is used to power transactions. SOUL holders can stake their tokens to earn KCAL, which can be used to pay for transaction fees, effectively making transactions free for SOUL holders.
To store Phantasma (SOUL) tokens, you have several options:
Poltergeist Wallet: This is a native wallet of the Phantasma network, allowing you to store, manage, and stake SOUL tokens. It is available for Windows, Android, Mac OS, and iOS.
Atomic Wallet: This is a multi-asset wallet that supports over 1,000 coins and tokens, including Phantasma. It is trusted by 5 million users worldwide and offers private, secured, and 24/7 online support.
Ledger Wallet: You can store Phantasma tokens on Ledger by sending them to your Ledger ETH or BNB account. Although Ledger Live may not visually support the token, you can use third-party wallets like MetaMask to manage it.
Cold Wallets: For long-term storage, consider using cold wallets like paper wallets or hardware wallets. These are offline and provide an additional layer of security against hacks and exchange shutdowns.
Exchanges' Wallets: You can also store your Phantasma tokens on exchanges' wallets, such as Binance Wallet or Trust Wallet. However, these are "hot wallets" and are more susceptible to security risks.
Phantasma Wallet App: This app allows you to manage your Phantasma tokens, stake them, and claim rewards.
Remember to always prioritize security and use trusted wallets to protect your assets.
To buy Phantasma (SOUL) tokens, follow these steps:
Choose a Reliable Exchange: Find a reputable centralized exchange (CEX) or decentralized exchange (DEX) that supports Phantasma (SOUL) trading. Some popular options include KuCoin, Gate.io, and PancakeSwap.
Create an Account: Register on the chosen exchange's website or mobile app, providing necessary personal information and identity verification documents.
Fund Your Account: Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, debit card, or cryptocurrencies like USDT, ETH, or BNB.
Navigate to the Phantasma Market: Search for "Phantasma" (SOUL) in the exchange's marketplace and select the desired trading pair (e.g., SOUL/USDT, SOUL/ETH, or SOUL/BTC).
Enter the Transaction Amount: Specify the amount of Phantasma you wish to purchase.
Confirm the Purchase: Review the transaction details and confirm your purchase by clicking the "Buy SOUL" or equivalent button.
- Transfer to a Wallet (Optional): For added security, consider transferring your Phantasma tokens to a hardware wallet like Ledger or Trezor.
Remember to research the exchange's fees, security, and user reviews before making a purchase. Additionally, be aware of market risks and price volatility associated with cryptocurrency investments.
