Phantasma Chain has announced a partnership with Neon Exchange (NEX). Phantasma is a content distribution and storage platform that uses blockchain to increase security and privacy. NEX aims to be a decentralized exchange (DEX) and payment platform, that engages regulators and offers a simple, intuitive user experience.
Phantasma users will be required to pay for access to certain products and services within the Phantasma Ecosystem. While its native SOUL token will be used to purchase those products and services, the platform also seeks to integrate support for other cryptocurrencies like NEO, Bitcoin (BTC), and Ethereum (ETH).
Once the Phantasma MainNet is live, it will use NEX application programming interfaces (APIs) to make purchases with various cryptocurrencies. When a participant purchases a product or service with another token, they’re actually placing an order on NEX’s exchange. This order will trade SOUL with the cryptocurrency chosen by the user, but in the front end, it will appear to users as an instantaneous token swap.
Official coin pairings will be announced at a later date.
Phantasma hopes its partnership with NEX will make it easy for cryptocurrency users of all levels to seamlessly, and effortlessly use its content distribution and storage platform. Additionally, Phantasma has noted that the partnership will allow new features to be added to the Phantasma Ecosystem.
For more information about NEX or Phantasma Chain visit the links below.
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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