Phantom Wallet

Phantom is a multi-VM non-custodial crypto wallet and chrome extension designed to offer users a secure and user-friendly approach to interacting with support networks’ dApps. 

Launched relatively recently, in 2021, it was designed as a Solana wallet solely, as the Solana blockchain, being fresh in the blockchain industry, hadn’t supported many web3 wallets that could integrate most of the Solana dApps. Since then it has managed to become one of the largest Solana wallets in the industry with over 7M users. However, starting from spring 2023, it took aim for multi-chain support and emerged into the EVM-compatible blockchains like Ethereum, Base, or Polygon, as well as Bitcoin L1, becoming a multi-VM web3 wallet.

Focused on improved user experience and security, Phantom crypto wallet offers the following features:

• Built-in token explorer and swaps to allow users to instantly find, and trade all major tokens across supported blockchains;
• Support of “Sign In With” standards, aiming to enhance user privacy while securing them from potential phishing attacks during the web3 wallet authentication;
• Implementation of Social elements into the app, allowing users to create “usernames” to “remove” the wallet addresses, making token transactions between multiple wallets closer to the web2 experience.

🪙 Phantom token: When analyzing the project’s socials or documentation, our team hasn’t found any signs of potential token release and the Phantom airdrop to its community. Especially considering the experience of its main competitor, MetaMask, which hasn't launched its token yet. Nevertheless, taking into account the loud rumors among the crypto community, and the recent launch of WalletConnect’s token, such a turn of events isn’t impossible and may occur quite unexpectedly. 

Hence, the CoinLaunch team completely analyzed the project and found out the most notable pros and cons of it, so you could better determine your own reasons whether to join the potential Phantom wallet airdrop or not:

✅ Phantom pros:

• Great concept and design of the product;
• Over 7M users downloaded the wallet;
• The wallet had multiple security audits and held a self-hosted bug bounty program;
• Very high PR performance;
• High SEO score;
• Above the average SMM, and Influencer Marketing performances;
• Solid network of top-tier backers who collectively invested $118M;
• Diverse network of top-tier partners and ecosystem members;
• The company’s CEO and CPO worked on Twitter and Facebook;
• The project had been hosting a lot of AMA sessions and podcasts, yet in 2023 it stopped producing such.

❌ Phantoms cons:

• No info on the token or Phantom airdrop;
• No security audits and bug bounty programs from the top-tier companies;
• Below the average Growth Marketing score;
• Very weak Marketing Infrastructure;
• No roadmap;
• A large number of users means stiff competition for the potential Phantom airdrop.