Non-obvious activities on Phantom wallet
Phantom is a non-custodial wallet that allows you to store, buy, send, receive, and exchange tokens. Initially, the project team focused only on developing the product within the Solana ecosystem, but over time other networks such as EVM and Bitcoin-based Ordinals were added.
In total, the project team managed to raise $118 million from Paradigm, Andreessen Horowitz, Jump Capital, Solana Ventures and others.
Before starting the guide, it’s worth noting a few things. Phantom has been on the market for a long time, and if you consider the prospect of airdrop, you can come to a disappointing conclusion: the competition for a simple customer who uses the wallet only for its intended purpose — transfers, connection to dApps — is too great. According to the latest data from the team, Phantom has 4 million monthly active users. Therefore, in this article, let’s try to break down and consider non-standard activities.
Non-obvious activities
If you don’t have the Phantom wallet, you can use our guide to install and configure one.
Using other networks
Since the wallet was originally created for the Solana network, many users do not pay attention to the fact that it also supports some EVM networks and the Ordinals Bitcoin protocol. Therefore, interacting with them through Phantom can set you apart from others.
Using built-in functionality
Within the wallet, the possibility of exchanging various tokens is implemented.
- Open the wallet and go to the swaps tab:
- Swap assets, thereby gaining trading volume in Phantom.
Tasks from Phantom
The team has built a variation of the quest platform into the wallet, which many people do not pay attention to.
- Click on the compass icon, open the Quest tab and perform available quests, if they are relevant.
Note: if the Quest tab is not displayed, update the wallet to the latest version and translate the interface to English.
Domain Name
The team has introduced their own domain names. At the time of writing, only OG wallet users can register them. If the ‘Create your username’ bar is displayed on the Phantom homepage, you have access to register.
Note: more and more users will gain access each day.
Conclusion
If you are just getting acquainted with the project and have not interacted with it before, then, given the above information about the number of users, you should think several times whether to participate. If you have been using Phantom for a long time, the activities described in this guide will help you diversify your experience and make your wallet stand out among other users.
You should also keep in mind that the project may not have a token at all.
Highlights:
- big competition;
- the project team has not made any hints about launching the token, so it may never appear;
- standard activities should be kept in mind;
- the team raised a total of $118 million.
If you have any questions when going through the activities, you can ask them in our X.
It will be interesting
