Phantasma is a decentralized content distribution system running on its own blockchain, with strong emphasis on privacy and security. The market cap is $40,497,218 and the 24h volume is $865,315.
Phantasma blockchain consensus is achieved via Delegated Proof of Stake. Investors can leverage their crypto via staking. Currently there are 2 options to earn passive income and staking rewards with your Phantasma investment as outlined below.
Be a Soul Master
- How to Stake SOUL?
Staking in Phantasma is very simple.
Clicking the Stake button in the wallet will result in staking.
Clicking the Unstake button in the wallet will result in unstaking.
There is no requirement in terms of running a node.
- How much can I earn Staking SOUL?
With current network stats you can earn approx. 14% per year staking Phantasma. By staking SOUL on the Phantasma native blockchain for a minimum period of 24 hours you will be receiving 0.002 KCAL per SOUL staked per day, 50,000 SOUL staked yields 100 KCAL per day. The moment of claiming KCAL is flexible. You can choose to claim every 24 hours or let the KCAL accumulate for a longer period of time and claim later.
If you stake 50,000 SOUL for a minimum of one month (per calendar month) you will be granted Soul Master status. You will be eligible to also receive a portion of 125,000 SOUL. This portion is calculated by dividing 125,000 SOUL by the number of eligible Soul Masters.
Soul Masters staking a minimum of 50,000 SOUL continuously will receive a CROWN NFT every 90 days starting from the time of Phantasma’s Genesis block. This CROWN NFT contains a portion of the ecosystem’s total KCAL fees for the last 90 days as well as 20% of the ecosystem incentive allocation, evenly distributed to all qualifying wallets.
CROWN NFTs will be awarded every 90 days to continuous Soul Masters. For every CROWN you hold in your wallet, KCAL generation rate is increased by 5% for that wallet – up to a limit of 20 CROWNs held in a single wallet. This means that over time the KCAL rewards will increase by 5% per quarter and can ultimately be doubled.
CROWN NFTs will be infused with SOUL and KCAL tokens using Phantasma’s advanced NFT infusion capabilities. Of the annual 2% SOUL inflation initially allocated to block producers, 10% has been reallocated to Soul Masters staking 50k SOUL or more for 90 consecutive days. In addition, 25% of KCAL fees for all transactions happening on the chain will be redirected to the rewards pool unless a dApp developer smart contract specifically requires this portion of the fees as payment to the dApp provider.
It is up to the CROWN NFT holder to decide whether he wishes to burn the CROWN NFT, thereby freeing up the infused SOUL and KCAL tokens and foregoing the 5% increased KCAL generation rate OR if he wishes to keep the CROWN NFT to earn increased KCAL rewards.
To find how much you can earn check out the Staking Rewards Calculator for Phantasma.
- Is there any risks to staking SOUL?
No, besides the risk of losing your private key there is no risk involved in staking SOUL because the distribution of the rewards is secured via smart contracts.
There is no minimum to stake SOUL and no lockup period.