Overview of Planq Network
Planq Network is an Ethereum-compatible layer-1 blockchain ecosystem constructed using the Cosmos SDK. It distinguishes itself by being mobile-first, aiming to bring a decentralized ecosystem to everyone with a mobile phone, not just those fortunate enough to have access to a desktop. Planq’s infrastructure is designed to be accessible and transparent for all users. The network uses its native token, $PLQ, for transaction fees, promoting a seamless experience for end-users, dApp developers, and node hosts alike.
Getting Started
What makes Planq Unique?
With only a little over 50% of the population of the earth having access to desktops (PC), this leaves a lot of people around the world with no access to blockchain technology. Planq aims to cater to the 85% of the world who have access to a mobile phone by offering a unique ecosystem of decentralized applications accessible with both phones and desktops.
Planq is fully self-funded, and the core team has already delivered a range of applications on The Planq blockchain such as:
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Castrum, a mobile super-app/wallet providing easy access to all applications
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Physica Finance, a decentralized exchange & DeFi hub on Planq
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Planq Name Service, simplifi+es your address with a human-readable name
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Delta Swap, a state-of-the-art bridge connecting Planq to a plethora of other blockchains including Polygon and BNBchain
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Planq token wizard, create your own ERC20 token on the Planq blockchain in seconds
Why Build on Planq?
Planq Network caters to Web3 application creators through several key advantages:
- EVM Compatibility: Solidity and all EVM tools are fully supported, enabling a smooth transition for Ethereum developers.
- Strategic Partnerships: Collaborations with entities like Leap Wallet, Dorahacks, BingX, and Yieldmos facilitate easier access and user onboarding for dApps.
- Cosmos Ecosystem Integration: Utilizing the IBC-Bridge, Planq harnesses the interoperability and scalability of the Cosmos ecosystem, enhancing cross-chain communication.
- Delta Swap: Planq’s native bridge to other EVM chains such as BNBchain and Polygon opens up liquidity and tokens such as $MATIC, $BNB & Binance pegged $USDC.
- Planq token factory: Launch your own token within seconds with the Planq Asset wizard.
How to Connect?
To engage with the Planq Network, developers, end-users, and node hosts can explore a variety of resources and tools:
- 30+ Leading Wallets Support: Including Leap Wallet, MetaMask, and Keplr Wallet for comprehensive access and interaction.
- Ethermint: This Ethereum Virtual Machine module enables the rapid porting of smart contracts from Ethereum, supported by the Cosmos SDK community.
- IBC Connectivity: Offers seamless cross-chain interactions within the Cosmos network, expanding the reach and functionality of dApps.
Key Features of Planq Technology
EVM-Compatible and Interoperable
Planq supports Solidity and a broad array of Ethereum developer tools, making it a fertile ground for dApp development. Its interoperability, facilitated by the IBC protocol, ensures seamless value transfer and communication across different blockchain ecosystems.
Scalable and Eco-Friendly
Built on the Proof-of-Stake (PoS) consensus mechanism and leveraging the Tendermint core, Planq offers a scalable and environmentally friendly alternative to traditional proof-of-work networks. Its carbon-neutral operation is achieved through low energy consumption and the purchase of carbon credits.
Mobile-First Design
Planq’s unique selling proposition is its focus on mobile accessibility. By making blockchain technology accessible on mobile devices, Planq significantly lowers the barrier to entry for users worldwide, particularly in regions where desktop computers are less common.
Ecosystem and Adoption
Planq actively contributes to the Ethereum and Cosmos open-source projects, fostering a robust and dynamic ecosystem. Strategic partnerships, like the one with Leap Wallet, provide easy on-ramps for users, aiming to bring blockchain technology to a broader audience. Planq’s focus on mobile device compatibility positions it as a leader in pushing Web3 adoption forward, especially in the mobile space.
Planq Coin ($PLQ)
$PLQ, the native coin of the Planq blockchain, plays a crucial role in transaction fee payments, governance, and utility within the ecosystem. The integration of the Cosmos SDK atop Tendermint technology provides developers with the tools needed for creating feature-rich, secure blockchain applications. Planq’s emphasis on mobile usability and its OS-agnostic design promise to unlock the potential of mobile technology for blockchain engagement, making it a groundbreaking platform for users and developers alike. Use cases for the $PLQ coin include: Bridging via Delta Swap, Minting names via the Planq name service, Trading on Ciento & Delta Swap decentralized exchange, and minting NFTS
