Leading Crypto Wallet Phantom Shuts Down Token Airdrop Rumors

Last Updated on January 6, 2025

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Phantom app displayed on the App Store. Source: Koshiro - stock.adobe.com

Key Takeaways:

  • No Token Launch: Phantom Wallet denied rumors of a token launch or airdrop tied to its new social discovery feature.
  • New Social Features: The social discovery feature lets users create profiles, add friends, and customize privacy settings, enhancing community interaction.
  • Focus on Innovation: Phantom remains focused on user-friendly innovation without introducing a native token.

Phantom Wallet, a digital asset management platform, has dispelled rumors about a potential token launch or airdrop tied to its new social discovery feature.

On January 3, Phantom clarified via X that it has no plans for a token launch, despite speculation following the feature’s announcement on December 19.

The social discovery feature enables users to create profiles, add friends, and customize privacy settings, offering public, private, and invisible options.

Phantom highlighted its commitment to improving user experiences in the crypto space by fostering a more accessible and engaging environment.

The company remains focused on developing innovative tools, ensuring the platform stays user-friendly and fun, without introducing a native token at this time.

This statement aims to redirect attention from token rumors to the upcoming feature’s potential impact on the way users interact and share in the crypto ecosystem.

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