Phantom Airdrop Brewing? Time for a Quick Litmus Test

Crypto wallet Phantom has dismissed all claims indicating it is in the process of initiating a token airdrop.

Background

• Phantom is currently working on a social discovery feature
• Users presumed that an airdrop would end up complementing this initiative
• They went on to speculate that following users or gaining followers could end up fetching them a piece of the airdrop pie
• The team, however, clarified that there are no airdrop plans for now

Why should you pay attention?

• Even though there's no airdrop per se, you can toy with the social feature
• For context — Phantom’s new social discovery feature allows you to create a profile and add other users as friends
• You can also choose between three profile privacy levels — public, private, and invisible
• For now, usernames are only supported on Phantom's mobile app, and not on its Chrome extension
• The team, however, teased that the extension support will be put to sea soon
• Stay away from Phantom-related spam airdrop posts and phishing links though

Who said what?

• Via a post on X, the team clarified,

“We've seen some speculation about an airdrop tied to this feature, so to clarify: we do not have any plans to launch a token”

• They went on to add,

“But we're incredibly excited about social discovery on Phantom and are actively working on ways to make it something everyone loves”

Zooming out

• Phantom is expected to integrate layer-1 [L1] blockchain Sui in the foreseeable future, making it its fourth L1 home
• Its already-supported blockchains include Bitcoin, Ethereum, and Solana