What is Planet Finance?

Symbol: AQUA · Market cap rank: #5912

Short answer

Planet Finance (AQUA) is a cryptocurrency currently ranked #5912 by market capitalisation.

Source: isthiscoinascam.com

Overview

Planet Finance is a decentralized financial protocol composed of distinct applications, referred to as "planets," that facilitate access to decentralized financial services. It is designed to allow users to utilize their capital freely.

The protocol's governance token is AQUA, which has a maximum supply of 100,000 tokens. Approximately 50% of the fees generated by the protocol are used to buy and burn AQUA tokens, affecting its circulation.

Scam-risk analysis

Planet Finance has a low score, indicating elevated scam risk based on the available data. Is Planet Finance a scam?

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