Phantom, a leading non-custodial wallet in the Solana (SOL) ecosystem, has officially denied rumors surrounding a potential token launch and airdrop. The speculation was fueled by the introduction of Phantom’s new social discovery features. However, the Phantom team made it clear on X (formerly Twitter) that no governance token or airdrop is planned.
The rumors had suggested that Phantom might release a token as part of its new SocialFi functions, which allow users to interact, follow each other, and share experiences while trading cryptocurrencies and NFTs. According to Phantom, the goal of these features is to make crypto trading more personal and enjoyable, enhancing the overall user experience.
Phantom’s official statement reassured its 740,000 followers that instead of focusing on a token launch, the team is dedicated to refining the social discovery tool to benefit both new and existing users. This feature aims to simplify the process of discovering new cryptocurrencies and decentralized applications (dApps) within the Phantom wallet.
In recent developments, Phantom integrated the Sui (SUI) blockchain, expanding its support to 7 million users. This collaboration reflects Phantom’s continued efforts to improve user experience and diversify its blockchain offerings.
While Phantom won’t be launching its own token, the Solana community still has exciting opportunities ahead. Two major airdrop events are scheduled for January 2025. Sonic, a platform designed for TikTok users onboarding into Web3, will distribute 7% of its emissions by January 6. Additionally, Jupiter, a prominent Solana DeFi protocol, is gearing up for its governance token airdrop, expected to distribute 700 million JUP tokens in the near future.
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Despite Phantom’s decision to forgo the token launch, Solana users have plenty to look forward to in the airdrop space, further expanding their Web3 and crypto opportunities.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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