Phantom has officially confirmed that it has no plans to launch its own token, completely dispelling recent suspicions in the cryptocurrency industry.
The suspicion emerged following Phantom’s announcement of a new social discovery function. Some users interpreted this as a potential precursor to a token launch, suggesting that users could potentially earn tokens through social engagement within the platform.
We're thrilled by the enthusiasm for following users on Phantom!
It's a huge step for us toward making crypto more personal and user-friendly. By simplifying how you share and discover with friends, we aim to dramatically improve how users find new tokens and apps.
We've seen…
— Phantom (@phantom) January 3, 2025
However, Phantom has categorically denied these claims, stating that the social discovery feature is solely focused on enhancing user experience and connecting users within the Phantom ecosystem.
This clarification aims to prevent any confusion or misinformation regarding Phantom’s future plans. While the possibility of a token launch cannot be entirely ruled out in the future, Phantom has unequivocally stated that there are currently no such plans.
This news may disappoint some users who were anticipating a potential airdrop or token-related rewards. However, it also provides clarity and transparency regarding Phantom’s long-term vision and strategic direction.
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