PlanQ: Bridging Cosmos and Ethereum for a Mobile-First Blockchain Future

In the dynamic realm of blockchain projects, PlanQ has emerged as a noteworthy contender, drawing attention for its remarkable staking rewards and its mission to become the "Mobile-First Hub on Cosmos." Let's embark on a journey to uncover the unique qualities that set PlanQ apart.

Genesis and Vision

PlanQ's journey began in 2020, culminating in the official launch of its blockchain on November 17th, 2022, and the subsequent introduction of the $PLQ token to the Osmosis Frontier on January 21st, 2023.PlanQ's aspiration to become the "Mobile-First Hub on Cosmos" necessitated the creation of an accessible mobile wallet. Castrum, PlanQ's user-friendly mobile wallet, is now readily available on various app stores, making the Cosmos ecosystem easily accessible.

Seamless Integration with Cosmos

PlanQ's seamless integration with the broader Cosmos ecosystem enhances its functionality and usability. Listing on the Cosmos directory simplifies information gathering and facilitates integration with other Cosmos components.

Interoperability with Ethereum

Beyond serving as a Mobile-First Hub on Cosmos, PlanQ offers interoperability with Ethereum. This means that the $PLQ token can bridge the gap between Ethereum and Cosmos, creating a versatile platform for all your Web3 activities, even on mobile devices.

$PLQ Tokenomics

Now, let's explore the core of PlanQ - the $PLQ token. With an initial supply of 100 million $PLQ tokens, the first year will see the minting of 13.5 million new $PLQ tokens. Importantly, not all new tokens will enter circulation immediately. Inflation will be distributed to stakers and validators as block rewards, resulting in enticing staking rewards for participants. All tokens from PlanQ's genesis will be unlocked by February 2025. In the event of changes to tokenomics through governance before that date, a new proposal will be introduced to incentivize liquidity pools.

Interoperability with Ethereum via Gravity Bridge

PlanQ's interoperability with Ethereum opens up exciting possibilities. The $PLQ token can be transferred seamlessly between Ethereum and Cosmos using Gravity Bridge, enhancing its utility and facilitating cross-chain transactions.

Exploring $PLQ Further

For those seeking an in-depth guide on $PLQ, including how to stake and compound, TC Network has created a comprehensive guide with a thread and dashboard to assist you through the entire process.

Compatibility with Ethereum and Cosmos

PlanQ is a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. Built using the Cosmos and running on Tendermint Core, it offers Ethereum compatibility with the benefits of Tendermint's PoS implementation. Additionally, PlanQ operates as a Cosmos application-specific blockchain, allowing developers to enjoy Etherum's features while seamlessly exchanging value with the broader Cosmos Ecosystem through the Inter Blockchain Communication Protocol.PlanQ harnesses these features by implementing Tendermint Core's Application Blockchain Interface to manage the blockchain, leveraging modules and mechanisms provided by the Cosmos, and utilizing geth as a library to promote code reuse and improve maintainability. It also exposes a fully compatible Web3 JSON-RPC layer for interaction with existing Ethereum clients and tooling, such as Metamask, Remix, and Truffle, facilitating seamless smart contract deployment and interaction with the broader Cosmos ecosystem.

PlanQ's status as a Mobile-First Hub on Cosmos, coupled with remarkable staking rewards and comprehensive compatibility with Ethereum, showcases its potential to leave a significant imprint on the blockchain landscape. With user-friendly tools and a clear vision, PlanQ continues to shape the future of decentralized finance. Stay tuned for exciting developments from this innovative project.