Today I would like to introduce our new friend of Concept Art House - Phantom Network. Phantom Network is referred to as PXN, which defines itself as the power of Web3, a vague, invisible and eternal shadow.

At the same time, PXN is also their vision for a web3 experience that allows users to see the world through perspective of a completely different environment. PXN builds a practical network that allows users to thrive in web3 and build a unified growth platform together with each other.

Let's know more Phantom Network!

Ⅰ. Outline

There are 100 Regiments each led by a Phantom, with each regiment comprised of 100 Ghosts under the Phantom’s charge. What is Ghost? Ghost will be your passport to PXN, and it is also the identity that you will hold in the new world, it will passively generating tokens for use within the PXN ecosystem. PXN also has a Ghost branch with a total of 10,000 Ghosts.

Every Regiment will have a stipend of $PXN tokens to be distributed by the Phantom to members of the group, for achievements, contributions or actions deemed beneficial to the success and growth of the regiment. This may be as a result of mission completion, tasks completed, or general behaviour that the Phantom feels worthy of reward.

Within each Regiment, Ghosts can move up their ranks to earn more $PXN tokens, as higher rankings generate more daily token rewards. In addition, the user's NFT will become the key and status symbol for joining the Phantom Network, selecting and presenting the user's favorite NFT in their included projects.

Ⅱ. About Token

NFT Holders: Specific NFTs within the Phantom Network collections will passively generate tokens on a daily basis according to the user's rank.

Community Rewards: Engagement rewards given to people that engage and add value positively to the network as determined by upvotes, participating in community missions, etc.

Regiment Upkeep: This allocation of tokens will be split equally across the 100 regiments.

Use of this allocation is at the discretion of the regiment's Phantom (or temporary regiment leadership) for rewarding members for regiment related activities.

Incubator Program: A portion of the tokens will be reserved to facilitate an incubator program for onboarding potential projects to our network in a more formal capacity.

Developer's Fund: Pool of funds for the development team to utilize in the development of the project.

Ⅲ. Token Usage

Token Value: As the lube of the Phantom Network, $PXN will be essential in all aspects of the platform. This section serves to outline where $PXN is required.

NFT Customization: Certain NFT collections will be customizable, such as cosmetics, where items and/or ability to do so will be purchasable with $PXN. Further information how this will be implemented will be disclosed at a later date.

Subscription fees for PxN platform tools: Grants full unrestricted access to the standard suite of PxN's tools and features. Subscription fees may be lowered or changed as the value of $PXN increases to maintain a cheap and accessible usage fee.

In addition, the entire 400 million supply will be minted annually as a batch on the Ethereum mainnet and stored in the ProjectPXN treasury contract for further distribution as required. The treasury balance represents the total $PXN liquidity on PxN at all times. If a user wishes to withdraw $PXN from PxN, there will be an interface to call the treasury contract and transfer the designated amount of $PXN from the treasury into the user's wallet on mainnet. The process also functions in reverse where a user can elect to deposit $PXN into PxN, where the designated amount of $PXN is transferred back into the treasury and the equivalent amount is reflected in the user's account on PxN.

Ⅳ. Blueprint

Commitment to quality: Building the future of web3, together. The PxN terminal is the skeletal structure which will house the various tools and utilities to revolutionize our web3 experience. Imagine each feature and micro-service as the tissue, the organs, or otherwise constituent part of the beast that will carry us to this brave new world we are building. The intricate Network of communications are the veins and you, our holders are the lifeblood that fuels the entire behemoth.

For a long time, Concept Art House has also been involved in the field of Web3. Seeing that PXN has such a big vision in the field of Web3, we also look forward to going further and further on the road of cooperation with Phantom Network!

Today I would like to introduce our new friend of Concept Art House - Phantom Network. Phantom Network is referred to as PXN, which defines itself as the power of Web3, a vague, invisible and eternal shadow.

At the same time, PXN is also their vision for a web3 experience that allows users to see the world through perspective of a completely different environment. PXN builds a practical network that allows users to thrive in web3 and build a unified growth platform together with each other.

Let's know more Phantom Network!

Ⅰ. Outline

There are 100 Regiments each led by a Phantom, with each regiment comprised of 100 Ghosts under the Phantom’s charge. What is Ghost? Ghost will be your passport to PXN, and it is also the identity that you will hold in the new world, it will passively generating tokens for use within the PXN ecosystem. PXN also has a Ghost branch with a total of 10,000 Ghosts.

Every Regiment will have a stipend of $PXN tokens to be distributed by the Phantom to members of the group, for achievements, contributions or actions deemed beneficial to the success and growth of the regiment. This may be as a result of mission completion, tasks completed, or general behaviour that the Phantom feels worthy of reward.

Within each Regiment, Ghosts can move up their ranks to earn more $PXN tokens, as higher rankings generate more daily token rewards. In addition, the user's NFT will become the key and status symbol for joining the Phantom Network, selecting and presenting the user's favorite NFT in their included projects.

Ⅱ. About Token

NFT Holders: Specific NFTs within the Phantom Network collections will passively generate tokens on a daily basis according to the user's rank.

Community Rewards: Engagement rewards given to people that engage and add value positively to the network as determined by upvotes, participating in community missions, etc.

Regiment Upkeep: This allocation of tokens will be split equally across the 100 regiments.

Use of this allocation is at the discretion of the regiment's Phantom (or temporary regiment leadership) for rewarding members for regiment related activities.

Incubator Program: A portion of the tokens will be reserved to facilitate an incubator program for onboarding potential projects to our network in a more formal capacity.

Developer's Fund: Pool of funds for the development team to utilize in the development of the project.

Ⅲ. Token Usage

Token Value: As the lube of the Phantom Network, $PXN will be essential in all aspects of the platform. This section serves to outline where $PXN is required.

NFT Customization: Certain NFT collections will be customizable, such as cosmetics, where items and/or ability to do so will be purchasable with $PXN. Further information how this will be implemented will be disclosed at a later date.

Subscription fees for PxN platform tools: Grants full unrestricted access to the standard suite of PxN's tools and features. Subscription fees may be lowered or changed as the value of $PXN increases to maintain a cheap and accessible usage fee.

In addition, the entire 400 million supply will be minted annually as a batch on the Ethereum mainnet and stored in the ProjectPXN treasury contract for further distribution as required. The treasury balance represents the total $PXN liquidity on PxN at all times. If a user wishes to withdraw $PXN from PxN, there will be an interface to call the treasury contract and transfer the designated amount of $PXN from the treasury into the user's wallet on mainnet. The process also functions in reverse where a user can elect to deposit $PXN into PxN, where the designated amount of $PXN is transferred back into the treasury and the equivalent amount is reflected in the user's account on PxN.

Ⅳ. Blueprint

Commitment to quality: Building the future of web3, together. The PxN terminal is the skeletal structure which will house the various tools and utilities to revolutionize our web3 experience. Imagine each feature and micro-service as the tissue, the organs, or otherwise constituent part of the beast that will carry us to this brave new world we are building. The intricate Network of communications are the veins and you, our holders are the lifeblood that fuels the entire behemoth.

For a long time, Concept Art House has also been involved in the field of Web3. Seeing that PXN has such a big vision in the field of Web3, we also look forward to going further and further on the road of cooperation with Phantom Network!