PlanetCoin

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Discover PlanetCoin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is PlanetCoin?

PlanetCoin (PLANET) is a cryptocurrency token that aims to tackle sustainability concerns by leveraging blockchain technology and real-world assets (RWAs). It is part of the Planet project, which focuses on resolving the United Nations' 17 Sustainable Development Goals (SDGs) through community engagement and celebrity partnerships. The token rewards users for environmentally friendly actions and supports a global do-good movement.

How is PlanetCoin used?

The crypto PlanetCoin (PLANET) is used primarily as a utility token within the Planet ecosystem. This ecosystem aims to tackle sustainability concerns and support environmental causes. The token is built on blockchain technology and allows for peer-to-peer transactions across a decentralized network.

PlanetCoin is part of the "Join Our Planet" movement, which focuses on resolving the 17 Sustainable Development Goals (SDGs) established by the United Nations. The token is used to mobilize global action and unite people in support of environmental causes, often through the influence of celebrities and their fans.

Additionally, PlanetCoin is used to channel funds towards improving environmental conditions. Community members can participate by voting and deciding where the funds should be allocated. The token also serves as a medium for exclusive NFTs, with holders of a certain amount of PLANET tokens eligible for early access to these NFTs.

Overall, the PLANET token is designed to facilitate a strong community and support environmentally conscious initiatives.

How do I store PlanetCoin?

To store PlanetCoin (PLANET) tokens, you can use a Ledger wallet. This method is recommended for securing your crypto against hackers, especially considering the MyAlgo vulnerability.

How to buy PlanetCoin?

To buy PlanetCoin (PLANET) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports PLANET tokens. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. Ensure the wallet is compatible with your preferred exchange and payment method.

  2. Set up Your Wallet: Create an account, provide personal information, and set a strong password. Note down the secret recovery phrase or seed words carefully, as they are crucial for wallet recovery.

  3. Buy Base Currency: Choose a cryptocurrency exchange and purchase a base currency, such as Bitcoin, Ethereum, or Tether, which can be used to trade PLANET tokens.

  1. Transfer Funds to Wallet: Withdraw the base currency to your crypto wallet. Log into your exchange account, provide your wallet address, and transfer the desired amount.

  2. Select a Decentralized Exchange (DEX): Choose a DEX that supports your wallet, such as Pancake Swap. Compare trading fees and liquidity before selecting a DEX.

  3. Buy PLANET Tokens: Connect your wallet to the DEX and select PLANET from the available tokens. Enter the amount you want to trade and complete the transaction.

  1. Store and Track: Store your PLANET tokens securely in your wallet and keep track of their performance. Consider diversifying your portfolio to minimize risks.

Popular exchanges for buying PLANET tokens include Bybit, gate.io, and MEXC. Ensure you research each exchange, comparing fees, security features, and supported currencies before making a purchase.

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History of PlanetCoin

Planet Token, also known as PLANET, is a cryptocurrency project that aims to address environmental issues, particularly pollution generated by the tech industry. The project combines the excitement of meme coins with a commitment to saving the Earth by directing a portion of its profits towards funding projects focused on pollution reduction and ecosystem protection.

Planet Token is part of the ReFi (Regenerative Finance) movement, which seeks to create a sustainable revenue stream and promote social change. The project has partnered with prominent celebrities and is introducing Real-World Assets (RWAs) to Web3, targeting the massive $300 billion Green Tech Market.

The community surrounding PLANET is known for its energy, resilience, and potential for growth. The project's ecosystem is designed to be utility-focused, with a strong emphasis on community engagement and the development of the Planet ecosystem.

Planet Token has been listed on various cryptocurrency exchanges, allowing users to buy, sell, and trade the token. Historical data on the token's price is available, providing insights into its performance over time.

Overall, Planet Token is an innovative crypto project that seeks to make a real impact on the environment while offering a unique investment opportunity.

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How PlanetCoin works

The PLANET coin, central to the Planet ReFi ecosystem, is a digital currency designed to support sustainability and governance. It operates on multiple blockchain networks, including Ethereum, BNB, and Base Chain, ensuring wider accessibility and flexibility. The token's total supply is capped at 1 trillion units, with a significant portion already in circulation.

Token Distribution and Staking

The distribution of PLANET tokens is strategically planned to ensure a balanced token economy. The allocation includes 85% as circulating supply, 6% for ecosystem partnerships, 5% to the team, and 4% for liquidity. This distribution aims to foster a sustainable, community-driven digital economy. Additionally, Planet ReFi has taken steps to burn 3.6 billion PLANET tokens, reducing the circulating supply and signaling confidence in the project's future.

The staking mechanism allows users to stake any amount above 1 million PLANET, earning rewards daily. This system is designed to be flexible, allowing staking on both Ethereum and BNB chains, and provides points as rewards, updated every 24 hours. Users bear the transaction gas fees, emphasizing the importance of transparency and user responsibility in the ecosystem.

Sustainability and Governance

PLANET DAO plays a critical role in managing the ecosystem fund, supporting sustainable projects that demonstrate potential for significant environmental impact. This approach amplifies the project’s commitment to driving positive change, leveraging the collective power and insights of its community to identify and back initiatives poised to make a real difference. PLANET DAO is more than just a governance mechanism; it’s a testament to Planet ReFi’s dedication to creating a sustainable future through collaborative, financially sound, and environmentally conscious decision-making.

Tokenization of Real-World Assets

At the core of Planet ReFi’s innovative approach is the tokenization of Real-World Assets (RWAs), a strategy designed to merge the practical benefits of web2 with the cutting-edge innovation of web3. This fusion is set to transform the RWA market, projected to grow to $16 trillion by 2030, by introducing exclusive collections in collaboration with celebrities, or “GOATs” (Greatest Of All Times), who share the mission of Planet ReFi.

Community Engagement and Celebrity Partnerships

Planet ReFi has leveraged blockchain technology to tackle global social and sustainability challenges, aligning closely with the United Nations’ 17 Sustainable Development Goals (SDGs). The platform has also formed significant partnerships with celebrities, including football legend Lionel Messi, to raise awareness and foster dedicated communities around sustainability efforts, moving beyond mere endorsements to active participation in defining and advancing the platform’s goals.

Security and Trust

Planet ReFi has demonstrated a strong commitment to security and trust, achieving a top 10% security score and sub-score lists on CertiK. This achievement, along with the platform’s focus on community trust and governance strength, contributes to the token’s credibility and stability.

Overall, the PLANET coin is integral to Planet ReFi’s ecosystem, offering unique use cases that enhance user engagement and contribute to environmental sustainability.

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PlanetCoin's strengths

The token PlanetCoin (PLANET) has several strengths that contribute to its potential for growth and success:

  1. Inclusivity and Community Engagement: PLANET aims to build a strong and engaged community by incentivizing participation and rewarding active contributors. This fosters a sense of shared ownership and encourages community involvement, which is crucial for the project's success.

  2. Utility and Sustainability: PLANET combines blockchain technology with eco-consciousness, allowing users to fund and support environmental projects directly through the "Our Planet" platform. This attracts environmentally responsible investors who want to make a positive impact on the climate crisis.

  3. Celebrity Involvement: The token leverages the power of celebrity and fandom to mobilize planet-wide action, with influential people championing causes dear to them. This involvement amplifies the message of the PLANET project and can attract more investors and supporters.

  1. Real World Assets (RWAs): PLANET offers a large collection of unique RWAs, which are physical assets that can be tokenized and represented on-chain. These assets are an important component of the flywheel model and drive the PLANET protocol.

  2. Mysterious Boxes and Special NFTs: PLANET offers opportunities to reach Real World Beings through mysterious boxes and special NFT collections. These initiatives help develop a community that attracts diverse individuals and fosters a vibrant ecosystem, bridging the gap between Web2 and Web3.

  3. Governance and Fundraising: The PLANET token is used for participating in governance processes and fundraising, ensuring that the community has a say in the project's direction and can support important causes.

These strengths position PLANET as a unique and impactful project that can attract a wide range of investors and supporters.

PlanetCoin's risks

PlanetCoin (PLANET) carries several financial risks that investors should be aware of. One key risk is the potential for manipulation due to limited trading activity. InvestorsObserver assigns a low risk score to PLANET, indicating that it is a relatively low-risk investment. However, this score can fluctuate based on changes in volume and market capitalization.

Another risk is the impact of external market events. For example, Planet Finance was affected by the UST, LUNA, and aUST fallout, which led to significant losses for users. This highlights the vulnerability of DeFi platforms to broader market instability.

Additionally, the cryptocurrency market is known for its volatility, and PLANET is no exception. Price predictions and risk assessments can help inform investment decisions, but they are not guarantees of future performance.

It is essential for investors to conduct thorough research, evaluate their risk tolerance, and stay informed about market developments to make informed investment choices.

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Did PlanetCoin raise funds?

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PlanetCoin’s team

  • Julian Burney: Director at Planet Crypto Limited, part of the team behind the PLANET token.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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