Digital asset wallet Phantom has refuted rumors suggesting it would provoke a token airdrop to enhance its soon-to-be-released social discovery characteristic.
“We have seen some hypothesis about an airdrop tied to this characteristic, so to make clear: we do not need any plans to launch a token,” the non-custodial crypto wallet supplier stressed in a Jan. 3 X put up.
“However we’re extremely enthusiastic about social discovery on Phantom and are actively engaged on methods to make it one thing everybody loves.”
Supply: Phantom
Introduced on Dec. 19, Phantom’s new social discovery characteristic will enable customers to create a profile, add different customers as buddies and select between three profile privateness ranges — public, personal, and invisible.
Some members of the crypto group, comparable to X consumer “Slim,” claimed that customers of the brand new characteristic would earn tokens by following others and getting adopted, fueling hypothesis of a token launch.
Supply: Slim
In the meantime, Phantom announced it would combine layer 1 blockchain Sui on Dec. 6, making it the fourth blockchain Phantom helps behind the Bitcoin, Ethereum and Solana networks.
The corporate said the mixing would happen someday in “early 2025.”
Phantom has turn into one of many main non-custodial crypto wallets this bull cycle, having reported 7 million month-to-month energetic customers final April.
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Phantom briefly turned the second most popular application within the Apple App Retailer’s utilities part on November 20 when crypto markets have been nonetheless hovering following Donald Trump’s presidential election victory.
Nevertheless, not all the pieces has run easily for Phantom in current months.
Builders behind the Phantom wallet have been pressured to problem an emergency update for iPhone users after experiences that some had their functions reset, locking them out of their wallets except they remembered their restoration phrase.
One Phantom consumer reported dropping round $600,000 on the time.
Phantom was based in 2021 in San Francisco, California by the agency’s CEO Brandon Millman, chief product officer Chris Kalani and chief know-how officer Francesco Agost.
Phantom additionally supplies non-custodial providers for customers seeking to safe their non-fungible tokens.
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