By
Tolu Ajiboye
December 21st, 2023
The Phantom protocol has also set a total of 200 whitelist slots, with each slot worth $250, to be Airdropped to the lucky winners.
Phantom protocol, a cross-chain synthetic asset generation and issuance network, has announced that it will conduct a public token offering from September 6, 2021. Notably, the Phantom protocol is set to conduct the public offering in seven different crypto platforms. Among the included platforms four are initial DEX offerings (IDO), and three are initial exchange offerings (IEO).
On one hand, the initial DEX offerings include Pentalaunch (BSC based), Bounce (BSC based), WeStarter (BSC based), and DODO (BSC based). On the other hand, the initial exchange offerings include Gate.io, MEXC, and Flybit.
The Phantom protocol has also set a total of 200 whitelist slots, with each slot worth $250, to be Airdropped to the lucky winners.
“To celebrate Phantom’s public token offering, we are also hosting a Whitelist Airdrop campaign for the community from September 1st to September 6th, winners of the Airdrop will each receive a total of 250 USDT worth of IDO allocation,” the company explained in a Medium post.
Notably, the lucky winners of the Phantom lottery company are set to be announced on September 6, 2021, through the company’s official Twitter account and Medium channel.
Phantom Protocol Ahead of Its Public Token Offering
The phantom protocol was developed to venture into the next-generation decentralized finance (Defi) market and the non-fungible token industry. The platform was incubated by Conflux to see its notable growth. Over time, investors including LD Capital, NGC Ventures, Kyros Ventures, Gate Labs, DFG, MXC, Gate.io, Ceras Ventures among others have put notable capital on the company.
In a bid to ensure a sustainable cross-chain capacity in the future, the Phantom protocol supports Binance Smart Chain, Ethereum, Heco, Tron, Polkadot, Near among others. As a result, the platform can provide its customers with a seamless interface to trade NFT products among other digital assets.
According to Phantom protocol developers, the platform anticipates working with reputable projects including stablecoins, crypto assets, and NFTs provides to prevent bad debts. This concept is bound to be combined with AMM-based liquidation mechanisms.
As a result, the company continues to raise more capital through its $PHM token sale through IDOs and IEOs. According to its Twitter posts, the company will auction 10 million $PHM tokens via Pentalaunch on September 6.
The phantom protocol seeks to venture into the flourishing crypto industry that has been adopted far and wide. Moreover, Bitcoin is set to become officially the legal tender of El Salvador on September 7.
The adoption has coincided with a major crypto market cap breakout that has seen Bitcoin top $51k. According to market analytics provided by Coinmarketcap, Bitcoin was trading around $51,792, up 3.5% in the past 24 hours.
