Here we have brought together all relevant information about Phm Coin to make your research work easier and guide you about this particular crypto token.
Do you find a cross-chain protocol to be convenient? If yes, then the list of your favorite cryptocurrency must include the name of Phantom Protocol. Due to its unique features, the Phm is gaining popularity in different countries like Vietnam, Turkey, etc.
But in the world of cryptocurrency, you are not supposed to choose a coin just because it is popular. It is of utmost importance to check all the genuine details of the coin you choose for investment. So, here is an informative guide about Phm Coin.
All About Phm
The full form of the Phm token is Phantom Protocol. It is the native coin of the Phantom protocol. This is a cross-chain ecosystem that has been created for factional trading. In order to support NFT Issuances, Phm use a combination of NFT and decentralized finance.
The assets aggregated through this protocol are called pAssets. This platform does not restrain the users to a limited range of assets. Users are allowed to mortgage multiple assets to create pAssets in the system.
The coin has a very low transaction fee on several platforms like Etereum, Binance, Conflux, etc. Phm Coin can be used for multiple purposes. It can be applied as trading fees, collateral, rewards, etc. It is also used to propose important changes for the system.
Founder of Phm
Phm or phantom is the native Coin for Phantom protocol. Brandon Millman and Francesco Agosti founded this protocol. Brandon is the CEO of the company, and Francesco holds the post of CTO.
In the market, the price of Phm is equivalent to $0.009559 at the time of writing. Its price has been increased by 11.4% in the last 24 hours.
Market Position of Phm Coin
- Market Rank: Its rank is 2753 in the market
- All-Time High: It is $0.00937255
- All Time Low: It is $0.00802203
- 24hrs High: $0.00937255
- 24hrs Low: $0.00802203
- Trading Volume: The trading volume of Phm in the last 24 hrs is $8,477,923
- Market cap: No data is available
- Fully Diluted Market Cap: $83,859,830.91
- Total Market Supply: 10,000,000,000
- Circulating Supply: No details on circulating supply is available.
Buying Procedure of Phantom Protocol
Currently, it is not possible to buy Phantom Protocol tokens through CEX exchanges. In order to get your hands on this Phm Coin, you will have to register yourself on IDO or IEO platform. A few such platforms are WeStarter, MEXC, Bounce, Gate, Pentalaunch, DODO, Flybit, etc.
You can deposit multiple assets to acquire the token. However, this is an ERC-20 standard token. So, you don’t need any specialized wallet to store it. This can be stored in any regular wallet that supports ERC-20 tokens. But it is always better to make any decision after gathering knowledge about What You Must Know Before Investing In The Cryptocurrency.
Frequently Asked Questions About Phm
- Where to buy Phm Coin?
Ans. The Phantom Protocol token can be bought in any IEO or IDO exchange
- What kind of wallet is needed to store Phm token?
Ans. Any Wallet which supports tokens with ERC-20 standard can be used
- Can we find Phantom Protocol on social media?
Ans. Yes, It is present on social media platforms.
The market position of this cryptocurrency shows that it is improving its worth steadily this week. So, at this moment, it seems like a good option to invest in. But, readers should always remember that this article about Phm Coin is just a guide providing you with necessary details. Hence before investment, read here to get more data about Phm crypto