Economics

P2P Distribution

Initially, the original token inventory was issued as part of the Nucleus release. No initial offering was made by a token issuer. Eventually, a group of developers took over the Nucleus release and launched the online field trial.

At this point non-monetary bartering between early adopters took place based on the original token inventory. During this experimental phase, early adopters who provided technical services were compensated on a nonprofit basis through seed inventory allocations.

Further distribution to early adopters was done on a P2P basis. Early adopters are active community members who have made useful contributions to the experiment.

As the experiment progressed, market making was conducted on permission-less and decentralized exchanges by members of the community (i.e. early adopters). In the process, token were distributed through decentralized markets on a P2P and P2C basis.

The Dapp is a community-driven open-source project, and as such does not aim for a central initial offering, nor does it target controlling token majority but instead shares token over time. In the process, community members are free to distribute token over decentralized markets on a Peer-to-Peer basis, ensuring the free float reaches majority and is controlled by community members. This approach supports decentralization and is designed to mitigate risk.

Token holders do not receive a financial claim. No peg to any other cryptocurrency is maintained. Plenny does not guarantee value or credit. The token serves as a utility and payment token, but not as an asset or investment. Token ownership is transferred via decentralized smart contracts on a noncustodial basis. Ownership rights only apply to tokens, not to ownership of company shares or the like.