Phantom Deluxe (PND) is based on the popular "Binance Network" Internet meme and features. The open-source digital currency was created by Abhishek Thakur from India, Phantom Deluxe creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a Phantom meme.
Phantom Deluxe launched its mainnet on June 20, 2022 with 5.5 Trillion tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 90% goes to validators (4.5% total) and 5% to the Deluxe treasury (0.5% total). 20% of transaction fees are paid out as rebates to contracts which interact with a transaction, while the remaining 50% are burned.