PLANET

What is PLANET?

Planet is a cryptocurrency project that seeks to bring the pressing challenges regarding the tech sector’s pollution into the limelight. To that end, it seeks to enlist celebrity support to address sustainability, environmental, and social issues.

The United Nations laid out what it calls the 17 SDGs (Sustainable Development Goals), which seek to address everything from poverty and hunger to climate action and sustainability. Planet, therefore, aims to draw more attention to the SDGs and actively utilizes modern technology to prompt further action. Simultaneously, the platform provides opportunities to its community regarding the prospect of financial gains, which it does through staking, NFTs, and other vital features.

Origin of PLANET

This project, in its current iteration, was released fairly recently—around this year, in fact—and always had the goal of providing financial incentives to its community while simultaneously catering to sustainability initiatives.

Its more recent features, such as staking and Real World Asset NFTs, along with the PLANET Ecosystem Fund, have already been up and running, with plans for furthering their development.

Nonetheless, other features, like exclusive NFTs and more, are still waiting to be launched. Moreover, Planet even announced a collaboration with Messi himself and plans on introducing two other popular celebrity affiliates, all in an effort to raise more awareness about the initiatives that it supports.

The Fundamental Concept

The concept underlying Planet has always been to consistently maintain an unwavering commitment to raising awareness about key issues about sustainability, social challenges, and more.

It even partnered up with Lionel Messi to that end, all so that it could expand its message reach and motivate users to interact more with its platform.

Consequently, the revenue that is generated through its features is then sent to the Planet Ecosystem Fund, which we mentioned earlier. Token holders have then been incentivized to actively involve themselves within the community through its multiple discounts and early-access opportunities, among others.

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Significance of PLANET

In this section, we’ll be looking at some of the features underlying Planet’s utility, or rather, the things that may make it significant.

‘Join Our Planet’ Movement

“Join Our Planet” is more or less the slogan by which it operates. This slogan acts as a sort of invitation to join its community, which seeks to work towards preserving the planet, to which end it will organize hackathons, IRL community events, and ambassador programs, among several other things.

All of this is to guarantee the involvement of its community in its mission and to attract more individuals, especially the more prominent ones, as the team behind the project feels that its goals surrounding planet preservation may only be achievable via collective action.

Bridging Unique Real-World Assets (RWAs)

Planet enables real-world assets to be tokenized for utilization within the DeFi space. Hence, through this NFT conversion, such assets may then be sold or purchased on the blockchain through its native token.

Ecosystem Fund

This fund’s purpose has been to support initiatives, projects, and technologies that are driven toward meaningful change.

Its value is also dependent on the team’s effort in identifying initiatives that will have the most impact. Funds generated from NFT sales may then be allocated towards distribution to such initiatives.

How Does Planet Work?

Planet functions with sustainability in mind, which it incorporates into its business model. It’s currently working toward attaining a revenue of around $100 million annually. Once that’s done, the project will not require any grants or funding to maintain itself.

Moreover, it has its own DAO governance as well, which is tailored towards producing more profitability for community participation. Additionally, its financial support and awareness may therefore further support environmental sustainability and other social causes.

Utilization of PLANET Tokens

Here, we will see how PLANET tokens are being utilized to further its ecosystem development and take a look at its utility in general.

Investment

Operating with that dual focus, this protocol seeks to maximize profitability while championing sustainable initiatives at the same time. Resources are then carefully allocated to areas like sustainability-driven startups, AI-based trading, or other high-yield opportunities. Consequently, by capitalizing on and identifying such avenues, harmoniously balancing environmental impact and profitability is something that Planet seeks to achieve.

Mystery Boxes

Mystery boxes are special incentives that are exclusively available to those holding PLANET tokens. Wallets holding an average of approximately 100,000 PLANET tokens throughout a 60-day period can qualify for a mystery box. Moreover, the value of every mystery box can even exceed $100,000. Other than that, these boxes can also come with other real-world assets, like various real-life experiences or merchandise.

PLANET DAO

Those who hold its native token may participate in the decision-making processes associated with PLANET DAO.

The primary goal of this DAO has always been to foster positive changes concerning the pressing challenges pertaining to sustainability and social causes. The DAO is also responsible for the management of the PLANET Ecosystem Fund. This DAO, therefore, plays a vital role in its financial stability.

Stake to Earn

Its native token can even be staked to produce rewards. To be more precise, the APY is 50% for its staking pool. In addition, staking has only been provided for the ERC-20 tokens.

Its first staking pool opened from July 17, 2023, through July 24, 2023, with approximately 100 billion tokens being staked. Furthermore, the staking period consists of 90 days.

Exclusive NFTs

One of Planet’s key features coming online soon happens to be its exclusive NFT collection.

These NFTs will not only feature rare virtual artwork but may conceal real-world assets as well.

PLANET Tokenomics

Speaking of tokenomics, PLANET’s price sits at $0.000058 as of now. Its market capitalization is over $49 million, and its fully diluted valuation is more than $58 million. As for its supply, the maximum supply is exactly 1000 billion tokens, and its circulating supply is over 851 billion tokens.

Acquiring PLANET Tokens

Below, we will discuss how you can acquire some PLANET tokens.

Cryptocurrency Exchanges

Naturally, you can buy the token from the exchanges that support it. These include Bybit, Bitget, and Uniswap, among others.

Token Swap

While there will be several ways to purchase these tokens on the exchanges supporting them, swapping tokens is the quickest and easiest way to get done with buying them.

How to Buy PLANET Tokens on Bybit

If you’re looking into more details concerning the processes of buying this token, then we’ll discuss how that may be done on Bybit.

Registration Process

The process of buying will begin with registration, which can easily be done, simply click on the link below, which will take you to Bybit’s registration page using a special Coin-Labs referral code. Enter whatever’s required of you, namely your email address and password, among other things.

Verification: A Necessary Step

The KYC process here is divided into two levels, and completing the first level is mandatory if you want to access all of its services. So, navigate to its verification page to get done with the first level, where you will have to enter some details regarding your identity, along with a selfie at the end. The second level will require some documentation evidence backing the details you entered in the first level.

Securing Your Bybit Account

Ramping up your account’s security here at ByBit is recommended in case your account gets compromised. And Bybit provides several options for that, which you can access and set up on its security page. These will include Google Authenticator, Anti-Phishing Codes, etc., and Bybit will provide the instructions you need for each option.

Funding Your Account

Funding your account here can take place on Bybit’s deposit page. Once there, select a token and a network that supports it, and just paste the deposit address that generates it onto an external platform’s withdrawal field. After that, confirm your transaction and wait for it to be processed.

Making Your Purchase

While there are several ways to buy the PLANET token on Bybit, the quickest and simplest way would be for you to simply swap whatever you have deposited for it, as we already stated earlier. To do that, you can hover over the Trade dropdown menu and select the relevant option.

Storing Your PLANET Tokens Safely

To store these newly acquired tokens in your wallet, you can do that on Bybit’s withdrawal page. Over there, select the PLANET token and the network supporting it, enter the withdrawal amount, and just paste your wallet’s withdrawal address within the relevant field. Confirm the transaction, then, and wait for it to process.

The Economic Implications of PLANET Tokens

In theory, this token’s economic implications should generate a positive outcome overall due to how it caters to and supports economic sustainability, that is, assuming it is successful in its endeavors. But determining if it will be successful, particularly in the long run, can be hard, despite the involvement of any celebrities it may have partnered up with, and is generally speculative as the project is so new.

Conclusion

Planet strikes a decent balance between enhancing sustainability initiatives and providing financial opportunities for its investors. If you want to join its community, you can purchase some of its native tokens from the exchanges supporting it, like Bybit, and contribute however you can through them within its ecosystem.

We Coin-Labs.com provides only objective information about PLANET.
Therefore, we are not responsible for the investment decision in PLANET and the resulting loss.

PLANET Basics

Here are some factors that investors should consider before investing in PLANET.

Cryptocurrency Features	PLANET (PLANET)
Publisher or Developers
Headquarters (Registration Number)
Symbol	PLANET
Platform	Uniswap V2
Published Date (CMC Registration)	2024-11-01
Max Supply	1,000,000,000,010 PLANET

Reliability Score of PLANET in 2024

These are indexes mesuring the investment reliability of PLANET conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 2 Exchanges
Number of Available Pairs Worldwide	46 Pairs
Market Cap of the Cryptocurrency	62,588,475 USD (Rank #459)

The table above shows the result of investment suitability evaluation for PLANET.
Check out how we evaluate cryptocurrencies on the crypto rating description page.

PLANET Price

Here are the price and recent trading volume of PLANET. (Data of 2024-11-02 00:35:00)

Price Items	Price and Trading Volume of PLANET
PLANET Price	0.000 USD
Price Change 24h	1.68%
Price Change 7d	-2.35%
Trading Volume 24h	82,568 USD
Trading Volume Change 24h	-2.15%

Cryptocurrency Metadata

You can check the development status and social media information of PLANET through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy PLANET

Here are the top ten world crypto exchanges where traders can buy PLANET in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Not listed
Coinbase	Not listed
Kraken	Not listed
KuCoin	Not listed
Bitfinex	Not listed
OKX	Not listed
Huobi	Not listed
Bitstamp	Not listed
Bybit	Listed	https://www.bybit.com/en-US/trade/spot/PLANET/USDT
Gate.io	Listed	https://www.gate.io/trade/PLANET_USDT

Frequently Asked Questions