what is going on everyone and welcome back to the channel now i am super excited today
because we get to talk about a project that is my favorite in the blockchain
space so before we dive in let's note this disclaimer i am not a finance advisor i do
this for educational purposes only i do it so we can hang out have fun
make a little bit of money but get things on your radar okay let's dive straight in
phantom dot foundation is what we're talking about today guys overview of the top we've got
technology which has got your intro to phantom the stake ftm token and consensus opera chain i'm
gonna talk about everything here okay the tools which is the phantom wallet which i will go in and
i've connected up so you can see it the ftm scan and we've got the enterprise which is quite cool
if you're going to actually discover what the enterprise clients are all about we've got the
ecosystem which definitely will touch on and the developers now that's the button you want to click
to get to the phantom wallet right there i'm going to quickly give you an overview of what it is
and then we'll dive straight through okay so performance matters phantom is a fast high
throughput open source smart contract platform for digital assets and dapps remember dapps is
decentralized apps it's a bit of slang in the in the gang of technology that we use going down why
phantom that's the big question why phantom right it's very fast you can scale this uncontrollably
and the speed is ridiculous when using normal life things like payments like linking to banks
like storing medical documents things like that if you actually play this video it's going to give
you an in-depth reasoning to what this is okay not just my quick overview i want to keep it short and
friendly for this video but click on that and it will show you their blockchain technology is a
custom technology where it allows you to scale to a huge market right and adapt these to real
world things at the bottom we can see here almost instant transfers now i mean the second you tap
or swipe your card these transfers are done this isn't a swipe ping on your phone bang here's your
money this is a it's done simple simple secures very very secure the validator nodes from global
trustless leaders proof of stake network highly scalable like we've talked about it can process
thousands of transactions per second and scale to thousands of nodes okay and it's ethereum
compatible so it is an evm compatible deploy and run on your ethereum dapps or phantom going down
looking at the dapps now if you are in any youtube channel like ours or if this is just your only one
you will know that some of these daps are the biggest you can get okay look through these
they're all massive one-inch sushis a salad of our power swap carry dm don't need to go
through them all but every main gap that you need is going to adapt phantom simple as that you can
go through all the cross chain bridges lending and borrowing and so on even the nft platform
okay when you've got the zukon which is one of my favorites you can go through the gamifies really
really cool we've got loads on there and the tools and the wallets obviously the most popular
metamask in mine and coinbase then we've got the f wallet trust wallet ledger or everything you need
is incredible i want to talk to you now that's the project i want to talk to you about what actual
ftm token is so sem token is the primary token for phantom and like it says it's used for securing
the network through staking for governance for payments for fees so exactly in depth to them what
is it for so the main utility of the token is to secure a network via proof of staking system so to
participate in this you do need to have a node and hold a minimum of 3 175 000 ftm so and there is
thousands of the people doing this okay so you have to have that it needs to be locked up
so in return the node and the stakers will be rewarded which is fair enough because they are
allowing this network to expand like it is besides preventing centralization the system is also
environmental friendly which is a big one we all know what's going on with bitcoin right now i'm
not flooding it i love bitcoin but the damage to the environment is just needed sorted out and ftm
absolutely sorts that problem out now the payments okay it's ideal for sending and receiving payments
thanks to the network's high throughput it's very low fees very literally zero as you can see here
zero zero zero 0.0000 zero what okay that's a lot of zeros like it says on chain governments
which is a massively important thing it's fully permissionless and leaderless in the decentralized
ecosystem which is something that we need 100 to have this ecosystem running the network fees
okay like we've talked about they deploy smart contracts to create new networks without a million
barrow the network would be an easy target for spam so ultimately hampering the performance of
filler in the ledger with use of information on phantom fees are very very very cheap but
sufficient to make it extremely expensive for a malicious actor to carry on attack so they have
to have fees is what it's saying because they will get attacked this is the ecosystem here you can
look at the proof of stake obviously going around it requires ftm to secure the network receive
rewards and fees and then to the fdm holders or you can go down there's more value in stake in a
taking adoption route and going up or go right above the top with the incentivized stake and
increase the supply is 3.175 billion 2.1 billion are currently in circulation how to buy it you can
literally buy this token if there's a wallet that you're using that you can't buy this token i'll be
surprised okay leave in the comments if there is one you can prove me wrong but binance obviously
and you can go crypto.com any of the other big wallets coinbase trust metamask any of them right
will do ftm i've got mine on crypto.com personally now i want to show you going into the wallet okay
so you're going to click on the phantom d5 here it's gonna take you into the wallet i've not got
this is a demo wallet so you can't see how rich on phantom i am so there's your home you can look at
your wallet here stake and rewards are gonna turn up here and you can add the delegations this is
where you're gonna go on mint okay so you'll lock your collateral here unlock it claim your rewards
once you've already done the f mint and the mint since and repay them all this basically means is
you can actually use the ftm okay it's a minted version or that you're minting this so you're
gonna lock collateral in there and allow it to mint for you all right really really cool and
easy way to make money they got the f-swap so if you want to change ftm into wftm which is what
you need to min it's wrapped fcm then you need to change it into there you can choose how much
you want to and keep some in your ftm wallet for other kind of staking the fun i so this is where
you're gonna change it into other things okay i've not got the token set up on there but you
can just press max and change it the governance this obviously gives you all the details of what's
going on here in what state so for example here on january the 17th total bus 57.3.9
which is the update to run a node on phantom okay and it's required 500 000 is equivalent just read
on this and you can actually see what's going on you can play a part in doing the boats on this
and have a real saying what goes on in the future here settings of your wallet
obviously if you want it dark if you want to auto dart if you want it right to left like that
switching around and use your slippage try and use the lowest possible okay that's your wallet
super super friendly super cool looking over on their twitter now okay we have at phantom fdn
obviously it is verified completely click follow give them a shout out save from our channel and
they might just give us a follow who knows okay going down they obviously get good engagement
it's a huge project they put super fun things up about giveaways they also put
incentive programs like this up so new 335 million ftm incentive program with git coin grants as you
go down you'll see obviously some massive massive tweets about them all of these projects that
you're seeing are involved okay so obviously when they're tagging them and things like that
they're going to get this this is just a retweet from phantom talk moving down you can see some of
the studios going through the nft kind of thing and getting into the studios see some animations
going on and you're also going to see stuff on the consensus and talking about what they've got okay
just keep an eye out because there's so many projects with these that you want to get involved
and see what tweets they're doing they have got the information for every project that
is connected with them guys that was incredible i am super blessed that i get to do this with
you if you are too hit that like button hit that subscribe button tickle that notification button
so you will get notified when i'm back in action now i have had a blessed day
let us know in the comments if you have and i'll see you on the next video