Digital asset pockets Phantom has refuted rumors suggesting it might provoke a token airdrop to enhance its soon-to-be-released social discovery function.
“We have seen some hypothesis about an airdrop tied to this function, so to make clear: we don’t have any plans to launch a token,” the non-custodial crypto pockets supplier stressed in a Jan. 3 X submit.
“However we’re extremely enthusiastic about social discovery on Phantom and are actively engaged on methods to make it one thing everybody loves.”
Supply: Phantom
Introduced on Dec. 19, Phantom’s new social discovery function will permit customers to create a profile, add different customers as pals and select between three profile privateness ranges — public, personal, and invisible.
Some members of the crypto neighborhood, akin to X person “Slim,” claimed that customers of the brand new function would earn tokens by following others and getting adopted, fueling hypothesis of a token launch.
Supply: Slim
In the meantime, Phantom announced it might combine layer 1 blockchain Sui on Dec. 6, making it the fourth blockchain Phantom helps behind the Bitcoin, Ethereum and Solana networks.
The corporate said the mixing would happen someday in “early 2025.”
Phantom has change into one of many main non-custodial crypto wallets this bull cycle, having reported 7 million month-to-month lively customers final April.
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Phantom briefly turned the second most popular application within the Apple App Retailer’s utilities part on November 20 when crypto markets had been nonetheless hovering following Donald Trump’s presidential election victory.
Nonetheless, not every part has run easily for Phantom in latest months.
Builders behind the Phantom pockets had been compelled to difficulty an emergency update for iPhone users after studies that some had their purposes reset, locking them out of their wallets except they remembered their restoration phrase.
One Phantom person reported dropping round $600,000 on the time.
Phantom was based in 2021 in San Francisco, California by the agency’s CEO Brandon Millman, chief product officer Chris Kalani and chief know-how officer Francesco Agost.
Phantom additionally supplies non-custodial companies for customers seeking to safe their non-fungible tokens.
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