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  1. Web3
  2. Token ($PLANCK)

Token Utilities

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Last updated 3 months ago

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GPU Mining and Staking Rewards:

  • GPU Mining: GPU owners who stake their GPUs in the network receive $PLANCK in Proof of Contribution (PoC) and Proof of Deployment (PoD) rewards. This incentivizes users to contribute their hardware to the network, supporting its computational power and AI capabilities.

  • Staking for GPU Support: Token holders can stake $PLANCK to support GPU operators and share in the rewards generated by their contributions. This creates a collaborative ecosystem where token holders and GPU providers work together to strengthen the network.

  • Staking for Network Stability: Token holders can also stake $PLANCK to support the overall stability and security of the network. This staking mechanism helps secure the network and rewards those who actively participate in its maintenance.

Other $PLANCK Token Utilities:

  • Transaction Fees: $PLANCK tokens are used to pay transaction fees on the Planck blockchain.

  • On-chain DAO: $PLANCK token holders have a voice in the governance of the network, participating in decision-making processes.

  • Payment Option: $PLANCK tokens can be used as payment for various services within the Planck ecosystem.

  • DEX Fees: Trading fees on the Planck DEX will be denominated in $PLANCK tokens.

  • Bridge Fees: Fees for transferring assets between different blockchains will be charged in $PLANCK tokens.

  • Liquidity Pool Incentives: Liquidity providers on the Planck DEX can earn rewards in $PLANCK tokens.