PLANCK Token Utilities
Last updated
Was this helpful?
Last updated
Was this helpful?
The $PLANCK token economy is centered around creating a rewards incentive system to power a decentralized network of cloud computing devices that offer CPU and GPU resources to artificial intelligence application developers. The business’s sustainability is achieved by balancing rewards emissions going to network node operators with tokens paid by the company with revenue from cloud AI clients for consuming compute resources.
Miner Rewards: Miners who contribute their computing power to the network are rewarded with $PLANCK tokens. This incentivizes participation and ensures a robust, decentralized network.
Transaction Fees: $PLANCK tokens are used to pay transaction fees on the Planck blockchain, including fees for deploying and executing AI models. This ensures the smooth operation of the network and incentivizes network usage.
Governance: $PLANCK token holders have a voice in the governance of the network. They can participate in decision-making processes, propose and vote on changes to the protocol, and shape the future of Planck.
Payment Option: $PLANCK tokens can be used as a payment method for various services within the Planck ecosystem, including accessing AI models, training custom models, and deploying AI applications. This provides users with a convenient and efficient payment option.
DEX Fees: Trading fees on the Planck DEX will be denominated in $PLANCK tokens, further incentivizing the use of the token within the ecosystem.
Bridge Fees: Fees for transferring assets between different blockchains will be charged in $PLANCK tokens, contributing to the token's utility and value.
Liquidity Pool Incentives: Liquidity providers on the Planck DEX can earn rewards in $PLANCK tokens for contributing liquidity to the pools.
