About PLQ
$PLQ, the native utility token of the Planq platform, plays a pivotal role in the decentralized governance and operation of the blockchain. Built on technologies like Ethereum Virtual Machine (EVM), Tendermint, and Cosmos, $PLQ allows users to actively participate in the decision-making processes of the platform. The token functions within a proof-of-stake (PoS) consensus mechanism, where users can stake $PLQ to become validators or delegators. Validators contribute to the block consensus process, while delegators enhance the voting power of validators. This unique governance model enables a decentralized approach, empowering $PLQ holders to shape the platform's future through proposals and votes.
The value of $PLQ lies in its comprehensive and flexible governance features. Users can express nuanced opinions through voting choices like Yes, No, NoWithVeto, or Abstain, providing a sophisticated decision-making mechanism. The platform incorporates effective voting thresholds and the NoWithVeto option to prevent potentially harmful proposals, ensuring responsible decision-making. The inheritance mechanism allows for flexibility, enabling delegators to either inherit their validator's vote or override it based on their preferences. Moreover, the secure handling of deposits after a vote incentivizes responsible proposal submissions, discouraging misuse and promoting a secure and democratic governance model.
The $PLQ token is set to be listed on BingX Exchange, providing users with the opportunity to trade the token effortlessly by selecting PLQ USDT. Comprehensive analyses, including price estimations, token valuation, and insights into the investment potential, will be accessible through the PLQ Price Analysis Tool. Users seeking guidance on purchasing crypto can refer to the step-by-step instructions available in the How to Buy PLQ Coin guide.
BingX will partner with the PLQ team in the following events to celebrate the PLQ listing. Join and share a prize pool of 375,000 PLQ! The details are as follows:
🎁 1. Deposit PLQ and Get 10% Cashback: Share 125,000 PLQ!
Users with a net deposit of ≥ 1,000 PLQ during the event will receive 10% cashback and share a 125,000 PLQ prize pool!
- Capped at 500 PLQ for each person, with limited quantity on a first-come, first-served basis.
- Users must complete a minimum PLQ/USDT trading volume of 300 USDT during the event to be eligible for the rewards.
🎁 2. Join the PLQ Trading Contest, Share 62,500 PLQ!
The top 10 participants in terms of PLQ/USDT Spot trading volume will share 62,500 PLQ!
| Ranking | Reward (PLQ) |
| 1 |
25,000
|
| 2 | 12,500 |
| 3 | 7,500 |
| 4-10 | 2,500 |
🎁 3. Trade to Earn: Share 185,000 PLQ!
During the event period, all participants with a minimum PLQ Spot trading volume of 300 USDT are eligible to share 185,000 PLQ. The amount of PLQ rewards each eligible user can receive is proportional to their PLQ Spot trading volume during the event.
🎁 4. Twitter Retweet Contest: Get Airdrops of 2,500 PLQ!
- Follow @BingXOfficial on Twitter
- Follow @PlanqFoundation on Twitter
- Retweet and tag 3 friends
5 lucky winners will be randomly selected to share 2,500 PLQ equally after the end of the event!
Reward Details
- Net deposit = total on-chain deposits - total on-chain withdrawals.
- Please note that users can only enjoy rewards from either Event 2 or Event 3 if they participate in both events. Users who trade via API are not eligible for the events.
- Spot trading volume = Buying + selling (excluding self-dealing). The cumulative Spot trading volume only counts the trading volume of the designated Spot pairs for this event, trading of other Spot pairs which are not mentioned will not be included.
- All rewards will be issued within 7 working days after the event. Please make sure that your net deposit meets the requirements during the time of reward issuance as the system will validate your eligibility at that time.
- BingX reserves the right to the final interpretation of the event. Users involved in unfair activities to get rewards will be disqualified.
Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
BingX Operation Team
2023-06-26
