SOUL
Reputation Ratings

SOUL

Phantasma 5-10 years
Website https://phantasma.io/
Browser
OTH RELPs
Github
White Paper
Avg Price
0.00%
1D

$ 0.00 USD

$ 0.00 USD

Market Cap

$ 33.294 million USD

$ 33.294m USD

24h trading volume

$ 820,352 USD

$ 820,352 USD

7d Vol

$ 3.657 million USD

$ 3.657m USD

Circulating supply

124.129 million SOUL

Related information

Issue Time

2018-05-29

Platform pertained to

--

Current price

$0.00USD

Market Cap

$33.294mUSD

Volume of Transaction

24h

$820,352USD

Circulating supply

124.129mSOUL

Volume of Transaction

7d

$3.657mUSD

Change

24h

0.00%

Number of Markets

22

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

0

Last Updated Time

2015-04-09 20:10:02

Language Involved

--

Agreement

--

Token conversion

/

Current Rate0

Available

0.00USD

Calculate

Historical Price

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

0.00%

1Y

0.00%

All

0.00%

No data
Aspect Information
Short Name SOUL
Full Name Phantasma Soul
Founded Year 2018
Main Founders Serguei Popusoi, Alex Alexandrov, Michael Frey
Support Exchanges KUCOIN, gate.io, UNISWAP and PancakeSwap
Storage Wallet Poltergeist Wallet, Ecto Wallet

Overview of SOUL

Phantasma Soul, also known as SOUL, is a type of cryptocurrency launched in 2018. It was founded by Serguei Popusoi, Alex Alexandrov, and Michael Frey. The SOUL token operates within its unique blockchain and smart contract technology, aiming to provide a more secure and efficient system for digital transactions and data sharing. It is widely recognized and supported on several major cryptocurrency exchanges such as KUCOIN, gate.io, UNISWAP and PancakeSwap.

Overview of SOUL

Pros and Cons

Pros Cons
Operates on its unique blockchain and smart contract technology Newer currency, potential stability issues
Not as widely recognized as the main cryptocurrencies such as Bitcoin or Ethereum
Dependence on wallet compatibility

Pros:

1. Unique Blockchain and Smart Contract Technology: Phantasma Soul, also known as SOUL, operates on its own unique blockchain and smart contract technology. This could potentially offer more security and efficiency in digital transactions and data sharing.

Cons:

1. Relative Newcomer: As SOUL was established in 2018, it is a relatively newer player in the world of cryptocurrency. This could potentially implicate instability issues as it may take time to secure its position in the market and prove its long-term viability.

2. Recognition: Although SOUL is supported by many major exchanges, it may not be as widely recognized or accepted as the main cryptocurrencies, such as Bitcoin and Ethereum. This could limit its usage in some areas or platforms.

3. Dependence on Wallet Compatibility: While SOUL's compatibility with various wallets that support NEO and ERC20 tokens is a plus, this also creates a dependence on wallet compatibility. If there are compatibility issues with these wallets, it could impact the ease of storing and transacting with SOUL.

What Makes SOUL Unique?

Phantasma Soul, represented as SOUL, adds a unique dimension to the world of cryptocurrency through its own blockchain and smart contract technology. Unlike other digital currencies which function over the existing and widely used blockchains, such as Bitcoin operating on the Bitcoin network and Ethereum running over the Ethereum network, SOUL operates on its self-developed and patented blockchain platform.

SOUL's smart contract technology enables automated agreement execution in a transparent manner, without the need for a third-party intermediary. This sets it apart from several other cryptocurrencies, many of which do not offer smart contract functionality.

Another notable point of difference is that SOUL is widely compatible with other storage wallets supporting NEO and ERC20 tokens, setting it apart from certain cryptocurrencies that require proprietary wallets. It greatly expands its adaptation and acceptance, making it more accessible to various users.

What Makes SOUL Unique?

However, it is worthwhile noting that while these aspects present SOUL as an innovator in the landscape, many of these features have their own challenges. For instance, operating on its unique blockchain might raise potential stability concerns as a relatively new framework. Moreover, though gaining support from major exchanges, it's still not as globally recognized as some primary cryptocurrencies like Bitcoin or Ethereum.

The Phantasma team works on these areas to overcome challenges and bring more efficient, secure and unique solutions in the crypto ecosystem. But as with all cryptocurrencies, the future success of SOUL is dictated not just by its technological advancements, but also its ability to gain widespread user acceptance and navigate regulatory landscapes.

How Does SOUL Work?

The working principle of Phantasma Soul, or SOUL, is primarily driven by its unique, proprietary blockchain and smart contract technology. Let's break it down:

1. Blockchain Technology: Unlike many cryptocurrencies that operate on pre-existing, shared blockchain networks, SOUL operates on its very own exclusive blockchain. This means every transaction made with SOUL is stored and verified in the Phantasma blockchain. Theoretically, this can enhance the security of transactions and make the system more efficient as it is built specifically to accommodate SOUL.

2. Smart Contract Technology: One of the key functionalities of SOUL is its use of smart contracts. In basic terms, a smart contract is a self-enforcing contract that is programmed to execute when certain conditions are met, completely removing the need for a third party.

For example, a smart contract could be coded so that when Person A sends a certain number of SOUL tokens to Person B, a receipt or token of ownership is simultaneously transferred to Person A. This automated agreement execution happens transparently and can greatly speed up digital transactions and reduce discrepancies.

3. Storage and Usage: SOUL tokens can be stored in the Phantasma Wallet, the primary storage method. When it comes to trading or transacting, these tokens can be exchanged on several major cryptocurrency exchanges.

However, while these features distinguish SOUL from some other digital currencies, they also come with their unique challenges and limitations, such as potential stability issues with a newer blockchain technology and dependence on wallet compatibility. Like all cryptocurrencies, the operational efficiency and success of SOUL will continually rely on its technological progress, user acceptance, and regulatory navigation.

Circulation of SOUL

SOUL's price has fluctuated significantly since its launch. In early 2022, the token was trading for around $0.10. However, by the end of the year, the price had fallen to around $0.02. The price of SOUL has since rebounded somewhat, and is currently trading for around $0.05.

There is no mining cap for SOUL. This means that there is no limit to the number of SOUL tokens that can be created. However, the new SOUL tokens are only created when the Phala Network needs to generate revenue or reward its users.

The total circulating supply of SOUL is currently around 700 million tokens. This number fluctuates over time as the Phala Network creates new SOUL tokens and distributes them to its users.

Exchanges to Buy SOUL

Several popular cryptocurrency exchanges support the purchase of Phantasma Soul (SOUL) tokens.

1. KuCoin: This exchange supports the trading of SOUL in pairs with Bitcoin (SOUL/BTC) and Ethereum (SOUL/ETH).

2. Gate.io: On Gate.io, one can trade SOUL paired with Tether (SOUL/USDT).

3. Uniswap: This decentralized exchange allows the trading of SOUL with Ethereum as well as with other ERC20 tokens.

4. PancakeSwap: PancakeSwap is a decentralized exchange on the Binance Smart Chain network where you can buy and trade SOUL tokens.

Exchanges to Buy SOUL

How to Store SOUL?

SOUL can be stored on Poltergeist Wallet and Ecto Wallet. Both of these wallets are compatible with the Phantasma blockchain, which is where SOUL tokens are hosted.

Poltergeist Wallet is a non-custodial wallet, which means that users have full control over their private keys and funds. It is available as a Chrome extension and a mobile app. Poltergeist Wallet also supports a variety of other Phantasma-based tokens, as well as NFTs.

Poltergeist Wallet

Ecto Wallet is another non-custodial wallet that is compatible with the Phantasma blockchain. It is available as a Chrome extension and a web app. Ecto Wallet also supports a variety of other Phantasma-based tokens, as well as NFTs.

Ecto Wallet

To store SOUL on Poltergeist Wallet or Ecto Wallet, you will first need to create a wallet and import the SOUL token contract address. You can then send SOUL tokens from your exchange or another wallet to your Poltergeist Wallet or Ecto Wallet.

Here are some tips for storing SOUL tokens safely:

  • Use a strong password and enable two-factor authentication on your wallet account.

  • Do not share your private keys with anyone.

  • Store your private keys in a safe and secure place.

  • Consider using a hardware wallet to store your SOUL tokens.

Should You Buy SOUL?

Investing in cryptocurrencies like SOUL is a decision that depends on individual financial circumstances, risk tolerance, investment timeline, and interest or knowledge in the cryptocurrency market.

Suitability:

1. Tech Enthusiasts: Individuals fascinated by blockchain technology and its applications who have an understanding of the unique aspects of Phantasma Soul, like its self-operated blockchain and smart contract technology, could consider investing in SOUL.

2. Risk Takers: Like all cryptocurrencies, SOUL presents a high risk, high reward scenario due to its volatility. Those willing to take on higher risk for the potential of higher returns may be interested in buying SOUL.

3. Long Term Investors: As SOUL is a relatively new cryptocurrency, those willing to hold this asset in the long run and can withstand potential short-term losses may find this to be a suitable investment.

4. Participants of the Phantasma Ecosystem: Individuals who wish to utilize the services of the Phantasma network can also consider purchasing SOUL tokens.

Please note, advice on suitability is not definitive and anyone interested in buying SOUL should consider their own circumstances, use their judgement and, wherever necessary, seek help from a financial advisor.

Conclusion

Phantasma Soul, or SOUL, is a unique player in the cryptocurrency world, characterized by its proprietary blockchain and smart contract technology. Launched in 2018, this relatively newer crypto asset presents potential for those willing and able to take on higher risk investments.

By operating on its own blockchain, SOUL pledges to enhance security and efficiency for digital transactions. Its innovative smart contract technology offers automated agreement execution which can streamline and accelerate operations.

On the development front, Phantasma Soul's future prospects are tied to its ability to overcome ongoing challenges linked to its relatively shorter presence in the market and its unique design. Continued advancements on technological fronts, wider user acceptance, and successful navigation of the regulatory landscape will significantly influence its future path.

As a speculative asset, all cryptocurrencies, including SOUL, are prone to significant volatility. Thus, while there might be opportunities for profit, there also exist substantial risks of loss. As with all investments, any potential appreciation in value depends on various market factors and economic conditions, and there is not a definitive guarantee of making money.

Anyone considering investing in SOUL should conduct thorough research, diversify their portfolios to manage risk, consider the assistance of a financial advisor, and pay close attention to market trends and news related to SOUL for a more informed decision-making process.

FAQs

Q: How does SOUL's smart contract technology function?

A: SOUL's smart contract technology facilitates the automated execution of agreements based on predefined criteria, removing the need for a third-party intermediary.

Q: Which wallets that can store SOUL tokens?

A:Poltergeist Wallet and Ecto Wallet.

Q: Who might be interested in investing in Phantasma Soul?

A: SOUL could attract interest from individuals keen on blockchain technology, risk-tolerant investors, long-term market participants and users of the Phantasma ecosystem.

Q: How can the value of SOUL appreciate?

A: The value of SOUL, like all cryptocurrencies, could potentially appreciate depending on a variety of factors including market acceptance, technological advancements, and positive shifts in economic conditions, although no guarantees can be made.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

Trading Products

User Reviews

More

4 ratings

Participate in evaluation
atsucha
it has proven to be the platform of choice for Gaming and NFTs. Not only because of its low minting and transaction fees but also because of its smartNFT technology that has been built on chain level and its pledge to become the first certified carbon negative blockchain. smartNFTs are NFTs with dynamic properties that can change based on certain conditions. they provide game developers the opportunity to make dynamic in-game items decentralized, which is not possible with traditional NFTs
2022-12-22 11:47
0
0
Outlander
Phantasma's economy consists of two native cryptocurrencies with their own unique purposes. SOUL is the primary unit powering the entire ecosystem, used for staking, governance and storage allocation, while KCAL is required for all on-chain actions related to minting and swapping NFTs. Based on the direction Phantasma is heading, I think that this cryptocurrency is currently a good investment.
2022-12-21 20:58
0
0
aomilovey
Phantasma is a fully interoperable, decentralized feature rich blockchain, the chain is designed to be used for digital goods & services for communications, entertainment, marketplaces and on-chain storage solutions for dapp creators and enterprise clients
2022-12-21 21:13
0
0
dot
Mobile free to play games are the fastest growing sector in the gaming space. Gamers pushed back on those too at first. #Web3 gaming will grow, create its community and have it’s place. $SOUL GameFi
2022-12-19 02:32
0
0

News

IndustryExperts Say This New Crypto Startup is the Future of Play-to-Earn – Heres How to Get Invovled Early

Amongst the Biggest Crypto Altcoin Presales of 2023, This Play-2-Earn Project Is On Course To Revolutionise the Move-2-Earn sector. Can Fight Out explode to become the next big project? Find out about $FGHT here!

2023-03-22 06:11

Experts Say This New Crypto Startup is the Future of Play-to-Earn – Heres How to Get Invovled Early

IndustryInvest in the Future of Virtual Reality with This New Metaverse Crypto – How to Buy Early?

Setting out to shake up the GameFi sector, ambitious Play-2-Earn (P2E) offering RobotEra is exploding with $1m raised in skyrocket presale. Could this Robot Metaverse be the next big thing in GameFi? Find out here!

2023-03-13 09:30

Invest in the Future of Virtual Reality with This New Metaverse Crypto – How to Buy Early?

IndustryGet a Piece of the Metaverse Pie with RobotEra: The New Crypto Thats Poised to Explode

RobotEra is poised to unlock the potential of the underrated GameFi sector. Delivering players to a robot metaverse filled with PVP challenges, games, and competitions. Find out more here!

2023-03-13 09:30

Get a Piece of the Metaverse Pie with RobotEra: The New Crypto Thats Poised to Explode

IndustryRobotEra is The Metaverse Game-Changer That is Disrupting the Industry – Buy Now and Secure Your Spot

Dropping players into a cyberpunk metaverse ruled over by seven robotic factions - RobotEra enables you to build, battle, and burnish your robot future all while earning rewards in this play-2-earn presale sensation. Meet RobotEra, find out more here.

2023-03-13 09:30

RobotEra is The Metaverse Game-Changer That is Disrupting the Industry – Buy Now and Secure Your Spot

Defi Amber Group's co-founder Tiantian Kullander passes away at 30

In addition to co-founding the Hong Kong-based Amber Group, TT sat on the board of e-sports company Fnatic and founded KeeperDAO.

2022-11-25 17:30

 Amber Group's co-founder Tiantian Kullander passes away at 30

Defi What are soulbound tokens (SBTs) and how do they work?

Soulbound tokens (SBTs) refer to digital identity tokens that represent the characteristics or reputation of a person or entity.

2022-11-19 13:00

 What are soulbound tokens (SBTs) and how do they work?