Phantom Team Completes Burning of 7.26 Million PHM tokens from Oriental Punks NFT Sales

The Phantom team is proud to announce that it has completed the burning of 7.26 million PHM tokens that were obtained from the Oriental Punks NFT sale. The total supply count of PHM tokens has now decreased to 9992740000.

On-chain record of the token burning can be checked at:

Phantom is committed to building a healthy and strong ecosystem that continues to enhance the value of PHM tokens value. Going forward the team will continue to pursue opportunities to strengthen the value of PHM.

About Phantom Protocol

Phantom Protocol is a next-generation “DeFi+NFT” solution that supports NFT issuance and fractional trading. Phantom includes the cross-chain DeFi protocol that supports synthetic asset generation and NFT issuance. Utilizing smart contracts, Phantom allows individuals to build synthetic assets (pAssets) in a decentralized manner with mainstream cryptocurrencies or NFT as collateral. Phantom enables more people to join in a diverse range of investments by lowering the obstacles to entry. Phantom is incubated by Conflux and invested by LD Capital, NGC Ventures, Kyros Ventures, Gate Labs, DFG, MXC among others.





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The ultimate cross-chain protocol for Synthetic Asset issuance & exchange