then?
Due to market conditions this is pushed to 8 weeks from now, no official date has been set yet.
So the app can work indifferently from the Planck token?
No! As of now, people are mining testnet planck tokens that can be redeemed for $PLANCK mainnet tokens at TGE for a certain ratio.
Ah ok. So when launched. The people who use the app will mine Planck token?! What makes the value of Planck token rise? Do the end users for Ai businesses of the cpu power have to pay in Planck?
They can pay with either PLANCK or with FIAT, thats the beauty. Most AI companies don't want to buy a crypto token from the market and use that to pay for their operations. So we allow them to pay with dollars and euros and then we do the token conversion from dollars to PLANCK tokens and distribute that to the miners.
The more demand we have for compute and our AI tools, the more buy pressure there is on the chart for $PLANCK. This in combination with our token burn (we burn tokens from transaction fee) increases the price of $PLANCK.
Me as an investor would like the price of course to rise. It seems demand is 1:1 connected to mining. So there will not be a shortage of coins? So a stable price or do I see that wrongly?
Yes but more demand, leads also to more mining, which loads up the supply?
We have a lot of revenue streams, our main one is this: 2.5% on compute requests (in FIAT).
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