Phantom denies token rumors post-new feature announcement

Phantom denies token rumors post-new feature announcement

user avatar

by Giorgi Kostiuk

2 years ago

The popular wallet Phantom has refuted rumors of an impending token launch related to its new social discovery feature.

New Feature Announcement and Token Rumors

Phantom has officially stated it does not plan to launch a token, despite rumors following the announcement of its social discovery feature. This feature will enable users to create profiles, add friends, and select privacy levels. Some community members, like X user 'Slim', speculated users would earn tokens by gaining followers, sparking token launch rumors.

Integration of Sui and Expanded Capabilities

In December, Phantom announced it would integrate with the layer 1 blockchain Sui, making it the fourth blockchain the platform supports, along with Bitcoin, Ethereum, and Solana. The integration is expected to happen in early 2025.

Phantom's Background and Issues

Founded in 2021 in San Francisco, Phantom has faced challenges, including iOS user locks due to an update, necessitating an urgent fix. One user reported losing around $600,000. Despite setbacks, Phantom continues to expand, offering non-custodial crypto and NFT storage services.

Amid rumors, Phantom remains focused on developing its services and solidifying its position in the crypto wallet market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

OKX Introduces Shield to Enhance User Security in Europe

OKX has launched a new initiative called OKX Shield aimed at improving exchange security for European users by requiring a hardening checklist for tiered financial protection against account takeovers.

user avatarAisha Farooq

Former Police Officer Charged in Zondacrypto Exchange Collapse

Former police officer Artur K has been charged with multiple offenses related to the collapse of the Zondacrypto exchange, including membership in an organized criminal group and aiding in the misappropriation of funds.

user avatarBayarjavkhlan Ganbaatar

Anchorage Digital Enhances Stablecoin Infrastructure with LayerZero Partnership

Anchorage Digital has partnered with LayerZero to enhance its regulated stablecoin infrastructure, enabling seamless crosschain movement of stablecoins.

user avatarMohamed Farouk

ARK Venture Fund Receives SEC Approval for Innovative Investment Classes

ARK Venture Fund has received SEC approval to create two new investment product classes: Exchange Class and Tokenized Class.

user avatarElias Mukuru

Sui Maintains Over $1 Billion in DeFi Liquidity

Sui continues to hold more than $1 billion in decentralized finance liquidity, with active on-chain trading.

user avatarDiego Alvarez

EigenLayer Surpasses $11 Billion in Total Value Locked

EigenLayer has achieved a significant milestone by moving back above the $11 billion mark in total value locked, indicating strong economic security in the Ethereum restaking sector.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.