Crypto wallet Phantom confirms it won’t launch a token amid airdrop rumors

Rumors came after Phantom announced a new social discovery feature, where some speculated users would earn tokens by gaining followers.

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Digital asset wallet Phantom has refuted rumors suggesting it would initiate a token airdrop to complement its soon-to-be-released social discovery feature.

“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,” the non-custodial crypto wallet provider stressed in a Jan. 3 X post.

Source: Phantom

Announced on Dec. 19, Phantom’s new social discovery feature will allow users to create a profile, add other users as friends and choose between three profile privacy levels — public, private, and invisible.

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