Website: https://phantasma.io
Token type: NEP-5
Ticker: SOUL
Token Supply: 100,000,000 SOUL
Hard Cap 10,000,000 USD
Whitepaper: 48 pages
Distribution of Funds:
Project Summary:
Distributed CDN
Chat
Box marketplace
Oracle nodes
Content streaming
Runs on NEO VM with Phantasma Relay via NEOX bridge
Content is stored on in house decentralized storage protocol PDFS
(Phantasma Data Filesystem
Uses proof-of-retrievability where there must exist proof that
the content is retrievable; Done by 3 groups of people
Observer -- Fetch but does not store content
Prover -- Store content but does not proof the validity,
receives tokens for correct proofs. Reputation is lower than
ecosystem average
Validator -- Stores contents and validate content of others,
receives tokens for those actions. Reputation is greater than
ecosystem average
Smart Contracts
Will allow map-filter-reduce
Will allow encryption
Will allow large amounts of data as input
Will allow issuance of tokens
Adheres to NEOX protocol
Programming done like that of NEO smart contracts
Pros/Cons:
Pros:
Own chain, future compatible with NEOX platform
Medium to strong use case of blockchain technology (although
still mainly for decentralization incentives)
Project is solid if development pushes through
Cons:
The implementation seems somewhat complex team could be
overpromising
Long roadmap might affect token price in the short term (but
hey, Rome wasn't built in a day right?)
Advisory team doesn't seem immensely strong
General Thoughts:
This project is one of the more refreshing ones. The team seems to be
forward looking by planning their product to be forward compatible with
NEOX protocol. However, they have promised multiple implementations of
their blockchain some of which look complex. Worth a relook in both the
near term as well as in the future when their product is out (estimated
early 2019).
Rating: 8.7/10
Disclaimer: This is not investing advice and simply my personal thoughts
and opinions. I am not liable for any decisions made from this post. I
am also not affiliated with any investment or advisory firms and do not
engage in activity with such entities.
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