Ghost NFTs within the Phantom Network collections will generate a base number of tokens on a regular basis.
Engagement rewards given to people that engage and add value positively to the network as determined by upvotes, participating in community missions, etc.
This allocation of tokens will be split equally across the 100 regiments.
Use of this allocation is at the discretion of the regiment's Phantom (or temporary regiment leadership) for rewarding members for regiment related activities.
A portion of the tokens will be reserved to facilitate an incubator program for onboarding potential projects to our network in a more formal capacity.
Pool of funds for the development team to utilize in the development of the project.
NFT holders can also generate tokens above their base rate from this pool in accordance with their rank.
What will happen to unused $PXN supply?
Unused $PXN tokens will remain in the treasury. We have novel mechanics planned to distribute these tokens.
As the core of the Phantom Network, $PXN will be essential in all aspects of the platform. This section serves to outline where $PXN is required.
Users will be able to purchase or win cosmetic updates for their Ghosts and equip them onto their NFTs. Users can use $PXN tokens to push the cosmetic updates and new metadata on-chain.
Subscription Fees for PxN Platform Tools
The platform runs on a Software As A service (SAAS) subscription model, with an affordable amount of $PXN tokens deducted monthly to maintain the service. Additional features can be subscribed to based on a user's needs.
R.A.T. Listing Fees
Each listing to the Recruitment Application Terminal will require $PXN tokens based on the desired listing duration.
Greymarket Listing Fees
Want to sell an item on the Greymarket? Items can be placed for sale simply by paying $PXN for an initial listing, with an options to extend the duration of your listing.
Phantom Network Information System (PxNIS)
Users will be able to bid on information board space using $PXN tokens. Information board space can be used for advertising, PSAs, publishing of content, anything that the user wants to get in front of their peers.
Optional Service Addons
Transaction Fees on PXN
The Phantom Network operates on a bespoke Layer 2 (L2) framework to facilitate all transactions on the platform. Whilst $PXN transactions on the network itself are gasless, a nominal fee will be charged per transaction in PXN tokens.
As outlined in Token Distribution, the entire 400 million supply will be minted annually as a batch on the Ethereum mainnet and stored in the ProjectPXN treasury contract for further distribution as required. The treasury balance represents the total $PXN liquidity on PxN at all times.
If a user wishes to withdraw $PXN from PxN, there will be an interface to call the treasury contract and transfer the designated amount of $PXN from the treasury into the user's wallet on mainnet. The process also functions in reverse where a user can elect to deposit $PXN into PxN, where the designated amount of $PXN is transferred back into the treasury and the equivalent amount is reflected in the user's account on PxN.
The team shall not establish a liquidity pool for $PXN and shall leave the decision and participation to the community and/or third party provider(s).
It's critical to remain prudent and be aware of ongoing scams in any part of the cryptocurrency space. All transactions on both mainnet and PXN are final and irreversible, so be sure to only use the official contracts.