Planq Network is a new layer-1 blockchain. Planq network runs on a Proof-of-stake (PoS) Consensus mechanism called Tendermint. Planq is built using the Cosmos-SDK and is IBC enabled. Planq is an EVM-Chain that focuses on mobile-first development. The team hails from the Netherlands.
Key features of the native token of the Planq blockchain, $PLQ are:
– Staking (250% APR currently)
– voting in governance
– fees for Planq dapps such as dapp.space, castrum, and the upcoming dex
Hopefully, some of you guys find this project interesting. you can find al the info you would need on twitter: https://twitter.com/PlanqFoundation
3 thoughts on “Planq Network ($PLQ) Explained!”
Auto-compounding and excited for this to grow bigtime. 😀 dapp.space is great as well.
The best decentralized blockchain on Cosmos if one wants to earn. 🎉🎉🎉
Amazing thing is gas fee way low it’s nothing compared to BSC Smart EVM chain. Lots of cool shits u can build on Planq network, Hardcore trusted team is the key.
Wow, Planq Network sounds like an exciting new addition to the blockchain ecosystem! I’m particularly impressed by its use of the Tendermint Proof-of-Stake (PoS) Consensus mechanism and its integration of the Cosmos-SDK and IBC technology. The focus on mobile-first development is also commendable, as it caters to the increasing demand for accessibility and convenience.
The native token, $PLQ, offers some compelling features. The generous staking rewards with a 250% APR are definitely attention-grabbing, providing a strong incentive for users to participate in securing the network. Additionally, the ability to vote in governance decisions empowers token holders to actively contribute to the platform’s direction. The allocation of fees to Planq dapps like dapp.space, castrum, and the upcoming dex ensures a sustainable ecosystem and promotes growth within the Planq network.
I’m definitely intrigued by this project and will make sure to explore more about it. The team’s background from the Netherlands adds another layer of credibility to the project. For those interested, the Twitter page shared in the post seems like a great resource to find more information and stay updated on the latest developments. Thanks for sharing this, I’m excited to see what the future holds for Planq Network!
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