As a seasoned researcher with a background in blockchain and cryptocurrencies, I must say that Phantom’s decision to prioritize user experience over an airdrop is both refreshing and strategic. Having closely followed the crypto space for years, it seems that every project these days is promising some form of token distribution to attract users.
Don’t get me wrong; I love free money as much as the next guy (who doesn’t?), but focusing on building a solid product with real utility is what will stand the test of time in this fast-paced and competitive market. By improving its social discovery functions, Phantom is not only making crypto more personal and user-friendly but also setting itself apart from other wallets.
Moreover, it’s always good to see a team that listens to their community and addresses speculations head-on. They could have easily let the airdrop rumors persist and ride the hype wave, but instead, they clarified their intentions early on. Kudos to Phantom for transparency!
To add a bit of levity, I’d like to point out that if you give a crypto enthusiast the choice between a free token and a better user experience, they might just pick the latter… because it means more tokens in the future anyway!
Phantom, a well-known non-custodial wallet within the Solana (SOL) community, clarifies its intentions about potential airdrops. Rather than planning a governance token launch and subsequent airdrop, the team will concentrate on improving social features and delivering an even better user experience instead.
Now official: No Phantom token in plans, team says
Contrary to some speculations, Phantom, a widely used multi-currency wallet that doesn’t require custody, has clarified it is not launching a token or conducting an airdrop for its community. Rumors suggesting such an event were apparently connected to Phantom’s recent introduction of social discovery features, according to the team’s statement on X.
We’re excited about the interest in adding followers on Phantom! This is a significant stride for us in our mission to make cryptocurrency more personal and user-friendly. By streamlining the process of sharing and discovering with friends, we aim to greatly enhance how users can easily find new tokens and applications. We’ve already witnessed…
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According to a post on Phantom’s account with approximately 740,000 followers, there have been rumors about an airdrop linked to the new social discovery feature. The SocialFi feature enables Phantom users to interact socially while buying and selling cryptocurrencies and NFTs by following one another.
The device is designed to enhance and simplify cryptocurrency interactions, with a focus shifting from airdrops towards improving social interaction within Phantom, ensuring a seamless experience for both new and seasoned users.
Using Phantom, you’ll be able to efficiently discover both new cryptocurrencies and decentralized applications (dApps).
Previously mentioned by U.Today, Phantom added SUI blockchain compatibility about a month back. This integration made the functionality of the move-based blockchain accessible to the userbase of approximately 7 million Phantom users.
Solana community all set for two major airdrops in January 2025
Regardless of Phantom opting out of the token launch and airdrop, Solanians can still join in on not one but two substantial airdrop events scheduled for this month.
On January 6th, Sonic, the Web3 social layer and platform designed for TikTok users by Solana, wraps up its activity campaigns. Enthusiasts who qualify will receive a 7% share of all Sonic token emissions, as announced on December 31st.
A general snapshot has already been taken while some extra activities are running.
Moreover, the significant DeFi protocol on the Solana network, often referred to as Jupiter (JUP), moves nearer to the eagerly awaited distribution of its governance tokens. It’s projected that over 700 million JUP will be distributed within the upcoming weeks.
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2025-01-04 14:06