Thread by @Crypto8Fi

A MEGA Thread on Phantasma Chain.

$SOUL, an eco-friendly blockchain that will make waves in an exponentially growing gaming industry.

In this 🧵, we will explore the use cases, technology and vision behind Phantasma as well as why it is unique amongst blockchains.

1. A Blockchain By Nature.

Phantasma Chain is a fast, secure and scalable blockchain solution that allows for interoperability while remaining decentralized.

They are an energy efficient blockchain utilising PoS operating using a dual token system.

2. What Are Their Goals.

Their goal is to create an ecosystem of dApps that people actually want to use, all under the same economic system.

Energy efficiency: 52,500kWh per year.

This is the same annual power consumption as five average American households.

3. The Core Concepts.

Phantasma Chain will allow infinite side chains to be deployed.

In doing so, this removes the risk one dApp can shut down the whole network whenever it is being spammed.

The Blockchain can validate 10k transactions per block...

3. Concepts...

Every side chain will be able to achieve the same maximum TPS independently from both the main chain and all the other side chains.

As a result, the total max TPS is the amount of side chains plus the main chain multiplied by the maximum TPS of each chain.

4. Transactions Per Second..

Infinite side chains coupled with the inter-chain technology Phantasma implements in its network will allow for all chains to be connected, which will give developers the power they need to build dApps
with the C#, Java, Solidity, Python and more.

5. Consensus Mechanism.

Phantasma Chain has adopted a PoS varriant, where it requires users to have a stake in the network to validate.

The block producers use a rotational scheduling per side-chain to define who the active block producer is, who receive a share of fees

6. Governance.

This system allows the blockchain rules to be parameterized in a way that allows those rules to be edited on-chain, as long as there is consensus for that specific update.

The results of the polls will be executed if consensus has been reached.

7. Governance Security

- Vote Dilution: your votes are calculated based on your voting power divided by the number of BPs you are voting for
- Minimum Requirement: 1000 SOUL are required to be staked for an address to be able to
vote on chain governance aspects

8. Decentralised Storage.

dApps can be blocked by an Internet Service Provider, or can choose to pull the plug and stop hosting.

The storage solution combined with the Phantasma App makes it possible for developers to deploy dApps which are fully hosted on Phantasma Chain.

9. Storage + Staking.

$SOUL decentralized storage solution are only accessible through controlling a specific private
key

Every wallet has a specific amount of kilobytes (KB) allocated in proportion to the
amount of staked SOUL.

Every staked SOUL earns 40 KB of storage.

10. Staying Efficient Over Time.

As stated in the whitepaper: "Over time the amount of storage space available will tend to increase as digital storage technologies evolve".

Nobody will be able access their data without the necessary private key or approval.

11. Cosmic Swap Framework.

An on-chain liquidity solution which allows anyone to
connect to this decentralized exchange system and benefit from the same liquidity pool.

The price mechanism eliminates any potential arbitrage oppurtunities due to equilibrium market adjustments.

12. NFT's.

Phantasma Smart NFTs support a range of advance features, including multilayered NFTs, on-demand NFT minting, infusion of multiple assets, infusing NFTs within NFTs and nesting of NFTs with their own NFT marketplace.

13. Use Cases: Gaming.

Blockchain is based on smart contracts. A blockchain game will store all the rules within the smart contract, once deployed it will not be possible to make adjustments to the smart contract.

Cannot exploit the game and full transparency of assets in game.

14. Use Cases: eSports.

There are still a lot of professional players being accused of and banned for hacking. Hacking
even happens in offline/LAN tournaments.

Smart Contracts are "hack proof", so think safer tournaments and greater transparency.

15. Use Cases: Data.

Phantasma Chain’s built-in oracle solution together with the decentralized file storage system, new developers can safely build all kinds of dApps that connect
to different external data sources.

Eventually blockchain will compete with major data companies

16. Use Cases: Others

-Media
-eCommerce
-Social
-Communication

17. Token Economics.

The Phantasma Chain governance token is called $SOUL and has an initial maximum supply of 94,000,000 tokens.

The yearly inflation is coded to be 3% plus 125,000 $SOUL distributed monthly to eligible Soul Masters.

18. Token Economics (part 2).

The SOUL tokens awarded to Block Producers for validating network transactions are distributed to each Block Producer at the start of each month at the same time as Soul.

There are developer incentives for those who contribute their fair share.

19. Tokenomics - Staking.

Phantasma Chain introduces a Dual Token System called Phantasma Energy with the ticker $KCAL.

Energy (KCAL) is the network resource token
for Phantasma Chain which will be used for transaction fees in every transaction that happens on the chain.

20. Tokenomics - NFTs.

Soul Masters staking a minimum of 50,000 SOUL continuously will receive a CROWN NFT
every 90 days starting from the time of Phantasma's Genesis block.

This CROWN NFT contains a portion of the ecosystem's total KCAL fees for the last 90 days.

Novel.

21. Thesis.

As NFT's and the gaming industry become more popularised by blockchain based solutions.

The community of $SOUL is extremely strong too.

$SOUL and $KCAL will have more and more possibilities in 2022 as their developer activity is topping across the NFT community.

If you want to learn more about promising DeFi and Altcoin projects.

I post every day about different projects, breaking down the tech and fundamentals for you to understand it simply.

I drop a lot of important alpha on Medium for you, linked below:

medium.com/@crypto8fi