Phantom Docs
Phantom Tokens(PHM)
PHM is Phantom's governance token. Staked PHMs are required to vote on active polls, and as a deposit for new governance polls. PHM will have more utilization in Phantom's future development, including but not limited to: synthetic asset collateral, representing user privileges, limited edition NFT purchase qualifications, to increase its utility and value.
Token Distribution:
    50% Community Farming, distributed to community participants of the protocol
    1% IDO
    15% Team, distributed to the core team, an initial lockup for 1 year, and linear release within 2 years
    18% Investors, distributed to private placement investor, and linear release within 1 year after IDO
    8% Foundation, used for investing in foundations
    8% Operations, used for market operation, community cooperation, etc.
Last modified 2mo ago
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