Planq
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Planq from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Planq.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.