Phantasma ICO Review

Phantasma

Next-generation content distribution. Decentralized, fast and secure.

Phantasma Score



Next-generation messaging protocol, using the power of the NEO blockchain. Decentralized, fast and secure. Phantasma offers a decentralized content distribution system running on the blockchain, with strong emphasis on privacy and security.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

TOKEN SALES

METRICS

Full breakdown

From all the tokens, 65% will be allocated to the token sale which represents 65 Million SOUL tokens. From this amount, 2/3 has been reserved for the token sale and were to be distributed as base tokens in both the private and public sales (43,333,333 SOUL Tokens). The remaining 1/3 of the tokens were reserved as bonus tokens for the private sales. Any undistributed bonus tokens will be burned.

 

To summarize the rest of the token distribution:
Platform development and growth: 15% – 15,000,000 SOUL tokens
Team & Advisors: 20% – 20,000,000 SOUL tokens

Team tokens will be locked with a tiered vesting period as following:
• Cliff of 6 months;
• Vesting of 3 years with 10% unlocked every 3 months for a total of 30 months;

Advisor tokens will be locked with a tiered vesting period as following:
• Cliff of 2 months;
• Vesting of 12 months with 10% unlocked every month for a total of 10 months;

Green lights

– The team shows a lot of competence in blockchain development. They have a working Demo for their project and are working to solve a real world problem. Phantasma is a perfect example for how an ICO should look like.
– The hype around Phantasma comes from the quality of the project and not from marketing.
– Strong Development Team.
– Low cap of 10 million USD.
– Clearly defined project goal.

red flags

– No Bounty campaign (could be good or bad).
– Two out of three advisors show no proof of association with the Project.
– Github https://github.com/PhantasmaProtocol could have more repositories.

Phantasma
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Unknown

– Two out of three advisors show no proof of association with the Project, waiting to here back from the team about it.
– CTO of Bluzelle is one of the advisors.

TEAM SCORE

Unknown

– The CEO, Sergio has a strong sense of purpose and a well defined goal, but lack in ability to inspire others.
– Great diversity of skills, however none of the team members can be qualified as an all Star.

HYPE SCORE

Unknown

– No Bounty campaign, however there is general a lot of hype around the project. Not many influences talk about Phantasma.
– Little Twitter activity, but very high Telegram interactions.

TOKEN SCORE

Unknown

– Relative Low hardcap of only 10 M USD, makes this project very interesting for short term investors.
– Strong Lock-up structure.
– Token price is the best possible range at 20 cents.

CONCLUSION

Phantasma is one of the few great ICOs, that managed to create a good level of hype, while also working on a viable product. Blockchain can be a very ineffective tool and decentralization is often not the correct approach, however Phantasma is utilizing the blockchain in one of the few ways that it can improve upon the current system. Centralized email severs have too much power and phantasma is one of the early projects trying to solve that issue. That said I do still believe that we are currently, not ready for a project like Phantasma. They will need to prove that they are able to adapt growing Blockchain improvements. One of the biggest problems that I see with the idea is that blockchain is not made to store large amounts of data yet. This as well as the slow transaction speeds will make it impossible for Phantasma to compete with current centralized competition. This project is good to flip or to hodl.

7.1

ADVISOR

6.2

TEAM

5.8

HYPE

5.3

TOKEN

platform

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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