Phantom Staking Reward System

Phantom Exchange is the world’s first exchange on trading “NFT floor-price”, powered by the Phantom Protocol. This marks a significant milestone in the project’s history.

NFT Floor-price refers to the lowest price that is currently available on Opensea and best represents the market valuation of an NFT project.

Phantom Exchange  provides the world’s first synthetic asset on fractionalized NFTs, anchoring the floor price of Top NFTs (such as CryptoPunks, BAYC, and The Sandbox) and allowing traders to invest with as little as 1 USD.

Phantom Exchange significantly lowers the entry barrier to NFT investment by providing a tradable synthetic asset that anchors to a fraction of a real-time NFT floor price.

This innovative decentralized financial instrument also provides traders with the following benefits:

• Access to Top NFTs — participants can trade popular NFTs such as CryptoPunks, Sandbox, BAYC, and more in one place;
• Fractional trading — participants can invest in the assets at a fraction of the NFT’s price, sometimes as low as $1;
• Unlimited liquidity — Buy/Sell your NFT-anchored assets at any time, with No Slippage

How to trade on the Phantom Exchange?

You’ll need pUSD to start trading on Phantom Exchange. Here are 2 ways to get pUSD in your wallet:

1. Stake PHM to mint pUSD ( Eligible stakers shares 70% of fee incomes )
2. Buy pUSD on PancakeSwap

Placing a trade

To place a trade on Phantom Exchange, please ensure you have pUSD in your wallet ( MetaMask, Binance Wallet, or Wallet Connect )

1.  Choose a pair from the assets panel.
2. Enter the order size you wish to exchange. Complete the transaction.
3. Confirm the transaction in your wallet.

Notes to PHM stakers:

• PHM stakers with a collateral ratio greater than 800% are eligible to share 70% of Phantom Exchange’s handling fee.
• There may be some fluctuations in your debt when Phantom Exchange goes live, as your debt will be calculated based on the percentage of your lent pUSD and the platform’s current debt pool size.

ABOUT Phantom 
Phantom Protocol is a next-generation synthetic asset and NFT trading solution incubated by Conflux and invested by LD Capital, NGC Ventures, Kyros Ventures, Gate Labs, DFG, MXC among others. Phantom enables individuals to create synthetic assets (pAssets) in a decentralized manner, allowing more people to participate in a diverse range of investments by lowering entry barriers.

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RESOURCES
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Category: Cryptocurrency News

Post by: TheBitTimes.com