Blockchain is widely recognized for introducing a decentralized system that is inclusive, intermediary-free, equitable, accessible, and safe. However, with the advent of Planet ReFi, it has now also become a tool to address sustainability challenges directly.
With its unwavering commitment to the 17 sustainable development goals laid out by the United Nations, Planet ReFi stands out from the rest in its aspiration to combine "technology and innovation with the power of fandom to mobilize, implement and deliver" on sustainability.
But how does PlanetReFi plan to actualize its vision? With that outline and more have come Planet's White Paper that lays bare the blueprints of its innovative solutions for a better planet.
Planet ReFi: Sustainability Awareness and Action with Profitability
Planet ReFi's White Paper makes the platform's position clear on what it wants to achieve and how it wants to accomplish its target. Through its platform, which is an ecosystem in itself, it will reward all sorts of sustainable practices. PlanetReFi believes the incentivized experience will inspire more people to contribute.
Speaking of incentives, Planet ReFi will leverage the potential of real-world assets, a US$16 trillion market. These assets, backed by celebrity power, will inspire action and encourage active participation in a movement transcending the conventional realm of asset management.
While achieving all these, it will not be moving away from ensuring profitability, as the White Paper boldly reiterates its aim to generate US$100 million in revenue within the first operational year.
The First Real World Asset Launch with Lionel Messi
Planet ReFi's first RWA launch is with the GOAT, the Greatest of All Time, Lionel Messi. Messi has already launched the trailer for Join the Planet RWA on his Instagram handle to much fanfare and gusto.
PlanetReFi believes that its JTP RWA will make the platform a premier destination for RWA tokenization, encouraging everyone, celebrities, industry leaders, businesses, and organizations alike, to stand up for the sustainability cause in a meaningful way.
Planet ReFi Tokenomics
$Planet is the native token of PlanetReFi. It serves as the fuel of the platform, helping participants acquire unique real-world assets, lay their claim on PlanetReFi mystery boxes, get their share of distributed rewards, avail discounts, have early access to exclusive NFTs, and more. And since Planet will launch a DAO as its inclusive operating model, $Planet tokens also come with voting rights and decision-making capabilities for the participants. Hence, those holding $Planet tokens can have their say on which way they want the platform to go.
Created on the Ethereum blockchain originally, $Planet was bridged to BNB using wormhole and the BNB. The token is also available on the Base Chain.
Currently, 85% of $Planet's total supply is its circulating supply, while 6% is earmarked for ecosystem partnerships. Notably, PlanetReFi has already partnered with Binance Oracle, BNB Chain, BASE, Venus, ANIMA, erable, Giveth, etc.
As for the allocation of the remaining supply, 5% is designated for the team, and the remaining 4% is allocated for liquidity and listings.
And as detailed in its whitepaper, the platform has already bought back and permanently burned 3.6 billion $Planet tokens. This deflationary strategy ensures the reduction of $Planet's circulating supply and keeps its demand and worth high.
PlanetReFi: Sustainability with Safety
The Planet platform is CertiK audited and ranks in the Top 10% of all projects on CertiK, which has audited all PlanetReFi contracts. In line with its commitment to safety, PlanetReFi also maintains a live US$10,000 Bug Bounty on CertiK.
Planet ReFi: What the Future Holds
The first RWA has already been unveiled by Lionel Messi, and now PlanetReFi is eager to proceed with the launch of sales for its unique RWAs. It will increase its presence on various platforms, enhancing visibility and accessibility.
Vision-wise, PlanetReFi will strategically shift from its platform-centric approach and expand its service offerings. It will form new partnerships and ensure community participation with enticing rewards.
Planet ReFi will also come up with an interactive Android/iOS app that will combine blockchain technology, real-time data processing, QR code scanning, and wallet connectivity to offer a seamless experience.
Overall, PlanetReFi sees its role as pioneering a movement towards a sustainable future. In the crypto space, its vision is not just to make the currency universal or popular. Rather, it wants to leverage blockchain tech and cryptocurrencies for something bigger: 'the preservation of the planet.'
