SOUL – Governing Phantasma
Without SOUL we are nothing – and can become nothing
SOUL is the governance token of the Phantasma blockchain, and the evolution of Phantasma is driven by the SOUL holders. Your voting power increases with the square root of the amount of SOUL you stake, as well as the staking duration, democratizing Phantasma and limiting the influence of large token holders while adding weight to long term supporters.
Staking SOUL generates the fuel token KCAL, and enables you to claim your Phantasma name on-chain so that Bill can send funds to Rob instead of P2KJMe8W1…Ju4D4nWmm. Stake 50,000 SOUL to earn the title of Soul Master and get an equal share of the 125,000 monthly SOUL dedicated to Soul Masters.
Your decentralized Phantasma storage allocation, served by the block producers, is also proportional to and growing with your stake. SOUL enables you to securely store your most precious files – encrypted, of course.
SOUL sustains the entire ecosystem through it’s low 3% annual inflation with 1/3 allocated to block producers, 1/3 allocated to the decentralized Phantom Force and 1/3rd allocated to various ecosystem incentives.