Phantom Wallet

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2 Apr 2024
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According to what was quoted from indodax.com, Phantom Wallet is a non-custodial web3.0 wallet which is very well known as a crypto wallet for the Solana blockchain. This crypto wallet resembles MetaMask, which is used for the Ethereum blockchain. Phantom allows users to purchase, sell and store digital assets such as crypto assets and NFTs. This wallet can be accessed both via mobile and desktop devices. In addition to support for Solana, Phantom recently announced plans to support Ethereum and ERC-20 based tokens in its application.


The Phantom Wallet crypto wallet offers a number of features that make it an ideal choice for SOL token holders. Some of its superior features include:
Solana Staking: SOL staking with support from 10 different validators, provides Annual Percentage Yield (APY) in the range of 5%—9%.
Solana-based NFT storage: Secure and optimized storage facility for Solana-based NFT collections.
Support for dApps in the Solana Ecosystem: Phantom Wallet supports decentralized applications (dApps) in the Solana ecosystem.
Token Swap: Allows users to swap tokens directly within the app, simplifying the process of exchanging crypto assets without ever leaving the wallet.


For your information, Phantom Wallet has announced its intention to expand its coverage by launching this crypto wallet on Ethereum and Polygon. The Phantom team is actively exploring other networks and promises to provide the latest updates as this project develops. Apart from that, the Phantom team is also planning the integration of additional features, such as support for decentralized exchange (DEX) and Decentralized Finance (DeFi). The developers ensure that this wallet will continue to develop with the aim of consistently meeting user needs.

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