A phantom wallet clone will be a profitable business model for a successful crypto wallet business. If you are not yet aware of this, then this blog is for you. Presently, Phantom wallet has turned into a potential Web3 wallet that is powered by the Solana blockchain network.
As it have gained a strong user base, many startups are tending to create a non-custodial Web3 wallet like Phantom. Also, creating a Phantom-like crypto wallet will be an easy task when you have the right solution, like the Phantom Wallet Clone Script.
Heard but don’t have any idea about the wallet clone, then this blog is for you. We have curated this blog with the deep details of Phantom wallet clone, its working nature, benefits, and power-packed features.
Phantom Wallet Clone – A Detailed Overview
The Phantom wallet clone script is readymade, multi-tested, and customizable software that helps startups replicate the features, functionalities, and plugins of the Phantom wallet. Although the clone software is already built, it can be customized based on business needs and requirements.
The Phantom wallet software possesses all the essential features for the user and admin dashboard to ensure a hassle-free transaction experience. Also, add-on modules and security features can be integrated with expert guidance for smooth functioning. But you may have a query about the business profits. Let’s break down the benefits in the next section.
Business Perks Achieved By Adopting A Phantom Wallet Clone
Creating a Web3 wallet offers you a lot of business perks. Along with that, having a perfect business model and solution will be an added element for your success. We have enlisted the exponential business-based perks that can be achieved with the Phantom Wallet Clone.
Customizability
As mentioned earlier, the wallet clone comes with an essential set of features, functionalities, theme, UI/UX design, plugins, etc. But, depending on your business needs, marketing tactics, etc, you can optimize the clone script. Through this, you can create a Web3 wallet with both Phantom wallet features and also integrate your ideations.
Brand Identity
The Phantom wallet is a popular Solana-based Web3 wallet that is primarily adopted by beginner-level crypto users for seamless transactions. With 6 blockchain support, NFT storage, private key management, etc, the Phantom wallet stands out in the crypto market. Hence, by replicating the primary features, you can gain a potential user base and traction.
Minimal Investment
When comparing with other development methods like custom solutions or white label software, the cost estimation to adopt a Phantom wallet clone is lower. With a minimal investment, the Phantom-like Web3 wallet can be launched easily without any technical glitches.
Quick Launch
As the clone script is already pre-developed, the time taken to create a web3 wallet can be done within 3 weeks to 3 months. They have been previously tested to reduce the overall time constraint by ensuring the quality.
In a nutshell, adopting a Phantom Wallet clone software will be a better option for newbie startups who want to succeed with a limited cost estimation. Once after decided to adopt a wallet clone, know about their working process because you must know how to handle the admin dashboard.
Working Process Of The Phantom Wallet Clone
Similar to the Phantom wallet, the clone software also has the same working nature.
- Wallet Account Creation – The crypto user can create a new account on the wallet for storing, sending, and depositing cryptocurrencies.
- Seed Phrase Generation – Once the account is created, a unique seed phrase is generated with 12 or 24 different unrelated words.
- Solana Blockchain Integration – After the wallet account creation, the crypto wallet is then connected to the Solana blockchain network for integration.
- Send/Receive Tokens – Users can then send, receive, or deposit the cryptocurrencies into the crypto wallet.
- Payment Checkout – After the crypto transaction process, a confirmation notification is sent to the wallet user.
This is how a Phantom wallet clone works flexibly with easy navigational features. Talking about features, the clone script comes with an in-built set of features.
Core Features Of Phantom Wallet Clone
The features are the determining factors for the success of the Web3 wallet clone. The software comes with potential user and admin dashboard features.
User Dashboard Features
- User Login – The crypto wallet users can log in with their given credentials.
- Crypto Receive – With the relevant wallet address, users can receive any kind of cryptocurrency that includes NFTs.
- Crypto Deposit – Users can send crypto coins, tokens, stablecoins, etc, to any wallet address.
- Token Management – Through this, users can view the account to know about the token balance, wallet address, and auto detect the new token deposit.
- Swap Integration – With the in-built DEX integration, any kind of crypto tokens can be swapped.
- Notification & Alerts – Price values, announcements, etc, are given as alerts or notifications for the crypto users.
- Customer Support – Tickets are raised to avoid technical glitches, bugs, or transactional issues.
- Multilingual Support – Various languages are supported in the crypto wallet for global users.
Admin Dashboard Features
- User Management – New user activity, approvals for transactions, depositing, etc, can be viewed by the admin.
- Wallet Activity – Real-time dashboard management and user monitoring are executed with this feature.
- NFT Monitoring – The NFT exchange, swaps, collection listing, etc, are viewed with this portal.
- Staking – A crypto user who stakes crypto tokens within the wallet is approved by the admin.
- Revenue Configuration – New revenue stream addition, configuration, and affiliate marketing features are optimized by the admin.
- Compliance Tools – Suspicious activity, malfunctions, IP view, etc, are done with this security feature.
- Dispute Resolution – Users’ disputes and issue tickets are analyzed are resolved for smooth transactions.
- API Integration – Managing the third-party API integrations, like crypto payment gateway, API limits, and usages, is optimized.
These are the common and essential key features that are integrated within the user and admin dashboard of the Phantom clone script. Apart from these, add-on features can also be integrated to offer enhanced transactions for crypto users.
Security Features Of The Phantom Wallet Clone
Along with the essential features, the Phantom wallet clone software also comes with potential security features. Security features of the Web3 wallet offer a secure environment for crypto transactions.
- End-To-End Encryption – The data shared between the sender and receiver cannot be accessed by third parties to avoid misuse.
- Biometric Authentication – For enhanced protection, users can include their face and fingerprint recognition.
- 2 Factor Authentication – The two-step verification will allow the account to be accessed only from the authorized crypto user.
- Secure Key Vault – Users can export the encrypted private key and back up them for higher security.
- Anti-Phishing Mechanism – Notifications or alerts are given to the crypto user regarding malicious activities.
- dApp Access Management – An Access request is expected for new dApp access for enhanced protection.
- Security Audits – Regular security auditing or checking is done with tools to remove technical glitches and vulnerabilities.
These are the in-built security mechanisms of the Phantom wallet clone script. Through this, the clone software ensures high-tech security for crypto transactions in the Web3 space. As we have discussed the features, let’s get into the technical side.
Tech Stack Of A Phantom Wallet Clone
Advanced-level technologies and tools are utilized in the creation of the Phantom Wallet clone. The tech stack includes,
- Blockchain Network – The Solana blockchain network is primarily utilized.
- Programming Languages – Programming languages like TypeScript and JavaScript are used for basic coding.
- Front–End Development – Frameworks like React.js, Tailwind CSS, or SCSS are used for dynamic web interfaces.
- Back-End development – Frameworks like MongoDB, Redis, etc, are utilized for protective data storage.
- Testing Tools – Mocha, Chai, MythX, etc, are some of the testing tools utilized to ensure the quality of the wallet clone.
- Blockchain Integration – For the Solana blockchain Solana Web3 SDK is used.
- Other Tools – Other tools like GitHub (version control), Sentry (Monitoring), AWS (website hosting), etc, are used.
With this tech stack, development frameworks, and testing tools, the Phantom Wallet clone is created. Cost estimation might seem overwhelming at first. However, the software cost is usually affordable, even for a newbie startup with a limited budget.
Estimate the Cost to Build a Phantom Wallet Clone
The average cost to pick a Phantom Wallet Clone may vary based on various factors where the estimation cannot be counted. Some of the factors that influence the cost estimation are,
- Choice of the Development Team
- Project Flexibility
- Designing Changes
- Tech Stack Utilization
- Feature Customization
- dApp Integrations
- Third-party API Implementation
Based on your business specifications, get accurate cost estimation from the right crypto wallet development company. Check whether they are flexible for relevant changes. One such crypto wallet development firm that has a potential tech team is Coinsclone.
Why Coinsclone Is The Best To Pick Phantom Wallet Clone?
Coinsclone is a well-known cryptocurrency wallet development company that have potential testimonials for delivering Web3 wallets. As we possess a potential set of developers, wallet creators, testers, etc, to ensure the quality of the wallet that is compatible with numerous blockchain networks. Our developers have 12+ years of experience in offering crypto wallet development services.
We are flexible to curate the crypto project based on your business needs, specifications, and requirements. Our tech team offers you full support from ideation to post-launch of the project without any technical vulnerabilities. Make a call to our business team to get the accurate cost estimation.
