Planq PricePLQ

What is Planq (PLQ)?

Planq (PLQ) is the native token of the Planq blockchain, a proof-of-stake network built with a mobile-first philosophy. The Planq blockchain is built with the Cosmos-SDK, is IBC-enabled, and is EVM-compatible, allowing smart contract deployment and interoperability with the Ethereum and Cosmos ecosystems. The project is designed to maximize the blockchain potential of mobile devices, recognizing that over 50% of people worldwide do not have access to a computer, while more than 80% have access to a mobile phone. By designing an OS-agnostic system, Planq allows any mobile device to interact with its blockchain. The network also emphasizes interoperability through Inter-Blockchain Communication (IBC), enabling value transfer between the Ethereum and Cosmos ecosystems. Planq launched in 2022 and is an initiative of Planq Dev B.V., a company based in the Netherlands. The initial supply of PLANQ was 100,000,000 PLQ, with an increase of 13,500,000 PLQ within the first year. The token is used for staking, governance, and transaction fees across all Planq applications.

Key Specifications & Tokenomics

• Name: Planq
• Ticker / Symbol: PLQ
• Consensus Mechanism: Tendermint Proof of Stake (PoS)
• Hash Algorithm: Ed25519
• Blockchain / Platform: BNB Smart Chain (BEP20); also available on Osmosis, Cosmos, and Archway
• Contract Address (BNB Smart Chain): 0x13ef69f64de07d14517b667728db8b9f23856a38
• Contract Address (BNB Smart Chain, alternate listing): 0x4ee820665246ca17138e7068615c05321474c09d
• Contract Address (Osmosis): ibc/B1E0166EA0D759FDF4B207D1F5F12210D8BFE36F2345CEFC76948CE2B36DFBAF
• Contract Address (Cosmos): ibc/B1E0166EA0D759FDF4B207D1F5F12210D8BFE36F2345CEFC76948CE2B36DFBAF
• Contract Address (Archway): ibc/CFD58F8A64F93940D00CABE85B05A6D0FBA1FF4DF42D3C1E23C06DF30A2BAE1F
• Category: Smart Contract Platform, Cosmos Ecosystem, BNB Chain Ecosystem
• Initial Supply: 100,000,000 PLQ
• Total Supply: 143,623,982.86 PLQ
• Circulating Supply: 143.62M PLQ (self-reported)
• Max Supply: Unlimited
• Launch Date: September 30, 2022
• CoinMarketCap Listing Date: December 22, 2023
• All-Time High: March 7, 2025 (per CoinMarketCap; figure appears anomalous); All-Time Low: August 19, 2026 (per CoinMarketCap).
• Mineable: No

Who created Planq?

Planq is an initiative of Planq Dev B.V., a company located in the Netherlands. The organization is dedicated to advancing the development and growth of the open-source Planq ecosystem through extensive research and education initiatives in the field of blockchain technology. Its focus is on funding and nurturing the ecosystem and fostering community engagement to create a decentralized system beneficial to all. The specific individuals who contributed to the creation of Planq are not publicly disclosed. The project maintains an active GitHub repository at github.com/planq-network, where development activity can be tracked. Official resources include the project website (planq.network) and whitepaper (planq.network/whitepaper).

How does Planq work?

Planq operates as a proof-of-stake (PoS) network utilizing the Tendermint consensus mechanism with the Ed25519 hash algorithm. This design enables efficient and secure transaction validation without the energy-intensive requirements of proof-of-work mining. The network is built to be OS-agnostic, meaning any mobile device regardless of its operating system can interact with the Planq blockchain. Interoperability is a core feature, with Planq integrating other blockchains through Inter-Blockchain Communication (IBC). This allows value transfer between the Ethereum and Cosmos ecosystems, broadening the network's reach and utility. Users can stake PLQ tokens to participate in network security and earn rewards; reward rates vary over time and by validator. The network also supports governance, allowing token holders to participate in decision-making processes. The Planq blockchain is EVM-based, enabling smart contract deployment and leveraging the Ethereum ecosystem.

What makes Planq unique and valuable?

Planq distinguishes itself through its mobile-first approach to blockchain accessibility. While many blockchain projects prioritize desktop or server-based interaction, Planq recognizes the global prevalence of mobile devices and designs its system to be accessible from any smartphone or tablet. This OS-agnostic design lowers the barrier to entry for users in regions where mobile phones are the primary means of internet access. Additionally, Planq's integration with IBC enables seamless value transfer between the Ethereum and Cosmos ecosystems, positioning it as a bridge between two major blockchain networks. The project has also launched a mobile wallet application called Castrum, which uses the Planq blockchain and PLQ token, offering encrypted chat functionality alongside standard crypto sending and receiving features. These elements combine to create a network focused on practical accessibility and interoperability. Planq is described as the first cryptocurrency project to keep mobile platform usability at heart, deliberately stepping back from dependence on desktop interfaces so that users in both developed and developing countries can use blockchain technology from their phones.

What is Planq used for?

The PLQ token serves multiple essential functions within the Planq ecosystem. It is used for staking, allowing holders to participate in network security and earn rewards. PLQ also functions as the governance token, giving holders a voice in the decision-making processes of the network. Additionally, PLQ is used to pay transaction fees on all Planq applications, making it integral to the network's operation. Beyond these core utilities, PLQ can be traded on various platforms. The token is available across four blockchain networks: Osmosis, Cosmos, Archway, and BNB Smart Chain, providing flexibility for users across different ecosystems. On Osmosis, PLQ is described as the native EVM, governance and staking token of the Planq Network.

How Is the Planq ecosystem developing?

The Planq ecosystem is centered around its mobile wallet application, Castrum, which enables users to send and receive crypto and includes a fully encrypted chat function. The network supports integration with other blockchains through IBC, with PLQ available on Osmosis, Cosmos, Archway, and BNB Smart Chain. Planq Dev B.V. focuses on funding and nurturing the ecosystem, fostering community engagement, and conducting research and education in blockchain technology. The project maintains an active presence on social media through its Twitter account, Facebook page, and GitHub repository. Development activity is ongoing through the planq-network GitHub organization. The ecosystem aims to push Web 3.0 adoption in the mobile space by making blockchain technology accessible to anyone with a mobile device. Official community channels include Twitter (@PlanqFoundation), Telegram (t.me/planqnetwork), Discord (discord.gg/planq-network), and Reddit (r/planq_network).

How to mine Planq?

Planq is not a mineable cryptocurrency. Instead, it uses a proof-of-stake (PoS) consensus mechanism, which means new tokens are generated through staking rather than mining. To participate, users can stake their PLQ tokens to help secure the network and earn staking rewards. Reward rates vary over time and by validator. The staking process involves locking PLQ tokens in a wallet or staking platform that supports the Planq network. By staking, participants contribute to the network's security and governance while earning passive income. There is no need for specialized mining hardware, making participation accessible to a broader range of users.

How to keep your Planq Coin safe?

Keeping your PLQ tokens safe requires following standard cryptocurrency security practices. Use the official Castrum mobile wallet application, which is built specifically for the Planq blockchain and supports the PLQ token. Always download wallets and applications from official sources to avoid phishing attempts. Enable all available security features, such as two-factor authentication and encrypted backups. Store your private keys and seed phrases securely offline, never sharing them with anyone. Be cautious of unsolicited messages or offers, especially in chat environments, and verify all transaction details before confirming. Since PLQ operates on multiple networks including BNB Smart Chain, Osmosis, Cosmos, and Archway, ensure you are using the correct network and contract address when transferring tokens. Regularly update your wallet software to benefit from the latest security patches. You can verify transactions and contract addresses using block explorers such as bscscan.com, explorer.planq.network, and atomscan.com/planq.

Risks and considerations

PLQ is a market-traded crypto asset, and its price can be volatile. Regulatory treatment of crypto assets varies by jurisdiction and may change. Technical risks include smart contract vulnerabilities and network upgrades. This information is for educational purposes only and should not be considered investment advice.