Token Utility Overview

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 platform on behalf of developers for consuming compute resources.

Value Faucets and Incentives

All network node operators are eligible to earn $PLANCK token rewards. These operators that install the node software on their hardware devices can mine rewards through providing CPU, and GPU, or even TPU resources. Node operators are rewarded tokens proportionally to the computing power they provide to the network. Additionally, a bonus on top of all rewards can be given depending on individual accolades or achievements for reliable and consistent resource providers.

The network randomizes node classifications for each device each time a device begins mining. While some node classifications such as Worker Nodes, Head Nodes, and Service Nodes all play a pivotal role in the provisioning and validation of resources, they are all eligible to receive varying rates of rewards based on their roles.

Rewards incentive rates for each individual node also change based on a number of “reliability” factors that are measured by the network - for example, consistency in connectivity, and device performance reliability.

Value Sinks and Sustainability

Application developers that integrate Planck Network APIs into their software can consume CPU and GPU resources to power their applications. These applications consume a varying amount of computational power depending on the type of API used, the API calls being made, and the frequency of the API calls. Making API calls consumes $PLANCK tokens from the application developer’s pre-loaded wallets.

Application developers that meet specific criteria may be eligible for discounts for API calls. Although these incentives reduce overall native token revenue, they entice developers to continue operating on Planck Network while they increase user activity and volume for their growing applications.

Value Recirculation

List of Token Utilities

1. Network Contribution Rewards:

• Network Mining Rewards: Above all else, the $PLANCK token acts as a reward mechanism to crowdsource effort and resources from the masses and convert them into viable developer resources for developers in the machine learning and artificial intelligence sector. Rewards are paid out to all individuals and enterprises, essentially acting as an on-chain credit or proxy for compute power that has been contributed into the ecosystem’s bank of compute power.

• Proof-of-Referral Rewards: On the marketing side, there is a functional system in place to motivate and incentivize users to bring other compute power suppliers, developers, and application users into the Planck Network economy. These incentives can be combined with or supplemented by on-chain accolades attached to muteable NFT identity badges.

2. Payment Barrier:

• Payments and Sales Medium: $PLANCK acts as the lone, economic value transferal vehicle on the Planck Network chain. The token is a proxy for compute power and can be exchanged for compute power at any time.

• Development Resource Payments: Aside from compute power, a marketplace for plugins, white label applications, machine learning models, SDKs, and applications themselves will exist within the Planck Network ecosystem.

• Third-Party Application Payments: When developers begin to build and launch machine learning applications within the Planck Network ecosystem, the $PLANCK token can be leveraged as a payment medium for all users on the platform subscribing to or purchasing applications built by third parties.