Planq

Overview

Planq is a Layer 1 blockchain platform built using the Cosmos SDK and designed to be EVM-compatible. It aims to provide a sustainable and eco-friendly blockchain infrastructure while maintaining compatibility with Ethereum-based applications.

Purpose and Utility

The primary purpose of PLQ is to serve as the native token of the Planq network, used for: transaction fees, validator staking, and governance participation. The platform enables smart contract deployment and supports decentralized applications.

Business Model Analysis

The platform's business model focuses on providing blockchain infrastructure services, including: smart contract deployment, cross-chain interoperability through IBC (Inter-Blockchain Communication), and sustainable blockchain operations. These core functions align with halal principles as they provide genuine utility and involve the exchange of real value.

Development Activity

The project maintains active development with regular updates to its core infrastructure. The team has demonstrated consistent progress in implementing planned features and maintaining the network.

Token Distribution and Governance

PLQ tokens are primarily distributed through mining rewards and initial allocations. The token distribution model includes provisions for network security, ecosystem development, and community governance.

Revenue Model

The platform generates revenue through transaction fees and network usage, which is permissible under Islamic finance principles as it represents payment for actual services rendered.