Distribution: Fully Diluted
Phantasma’s economy consists of two native cryptocurrencies with their unique purposes. SOUL is the primary unit powering the entire ecosystem, used for staking, governance and storage allocation. At the same time, KCAL is required for all on-chain actions related to minting and swapping NFTs.
There is a circulating supply of 72,769,211 KCAL and 104,185,056 SOUL. For both, all coins are in circulation.
KCAL is the fuel. Minting and transaction fees are paid in KCAL. Interestingly, SOUL token holders can stake their tokens to earn Phantasma Energy (KCAL). These, in turn, can be used to pay for transaction fees - making transactions free for SOUL holders.
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 also developer incentives for those who contribute their fair share.
Soul Masters staking a minimum of 50,000 SOUL continuously will receive a CROWN NFT. Soul Masters will share a 125,000 monthly pot of SOUL.
Vesting: Slightly Inflationary
Phantasma has a fully diluted Market Cap. The yearly inflation is coded to be 3%. As Phantasma is inflationary, there is no maximum supply. The allocation of the inflation is as follows:
- 1% is allocated to Phantom Force, developers dedicated to creating and launching DApps on the Phantasma cryptocurrency chain.
- Another 1% is reserved for the all-important BP rewards, allocated to nodes helping to keep the chain secure.
- The last 1% is reserved for ecosystem incentives.
In addition to the 3% inflationary coins, 125,000 SOUL are minted each month to distribute staking rewards to Soul Masters.
Rocket Fuel: Limited Burn Mechanism
Although Phantasma is inflationary, it has an interesting burning mechanism through KCAL as 25% to 50% of $KCAL used in every blockchain transaction is burned. The market cap for $KCAL is only $6,554,179, which is significantly undervalued.