Planq

About Planq token

Planq is a Layer 1 EVM PoS blockchain built on the Cosmos SDK. Planq is the very first cryptocurrency to keep mobile usability at heart. Planq takes a step back from dependency on desktops. The Planq Blockchain is powered by the $PLQ token. You can stake the $PLQ token to earn more $PLQ and secure the network.Users in both developed and developing countries will now be able to harness the full potential of blockchain technology using their phones, rather than relying on a desktop computer system. This should have profound impacts on individuals and lead to overall crypto adoption. The Planq network runs on a Proof-of-stake (PoS) Consensus mechanism called Tendermint. Planq is built using the Cosmos-SDK and is IBC enabled.To be future-proof and leverage the power of Ethereum, the Planq blockchain is also an EVM-based blockchain (Ethereum virtual machine).Planq is being developed by a team in The Netherlands.