PLANET Crypto Token Gears Up for Volatile Week with Messi-Backed Tokenized Product Launch
Summary:
Facing a volatile week, crypto token PLANET sees traders scramble for the imminent release of its first tokenized product, in partnership with soccer star Lionel Messi. The token's volatility rose to 6.82% on Feb 21, and its price surged to $0.00011, attracting over $23.5 million trading volume. PLANET token's strategy, drawing inspiration from Amazon's Flywheel, aims to fund sustainable projects while targeting an ambitious annual revenue of $100 million. Messi, having previous involvement in Web3 space, will officially launch the Real World Asset on March 1, 2024.
The digital currency, PLANET, is bracing for a tumultuous week as traders rush to take advantage of the imminent release of its inaugural tokenized product, undertaken in partnership with football superstar Lionel Messi. Based on figures provided by cryptocurrency aggregator CoinCodex, the token's volatility hit a 6.82% peak on 21st February, an amount that is deemed high within the parameters that identify high volatility as within the 5% to 10% range. The price of PLANET rose to $0.00011 on 19th February, accumulating more than $23.5 million in 24-hour trading volume, following Messi's public revelation of the forthcoming tokenized product, developed jointly with Join The Planet. This environmental nonprofit is the driving force behind the PLANET token. The token's seven-day performance up until 21st February is shown in CoinMarketCap data. As of writing, PLANET is priced at $0.00009, having experienced abrupt fluctuations throughout the week. The token has seen a 17.9% increase over the past week. Tokenization of physical or traditional financial assets, otherwise known as Real World Assets (RWA), involves transforming the rights to these assets into digital tokens within a blockchain. Real estate, art and commodities are common examples of assets being tokenized, although it has not yet been confirmed which assets will be tokenized in the partnership with Messi. The RWA goes live on 1st March. The Planet initiative first publicized their partnership with Messi in July 2023, which included a video featuring the footballer promoting environmental sustainability and the use of blockchain technology to tackle pollution. On 1st March 2024, Lionel Messi will officially kick off the greatly anticipated RWA. Be among the first to capitalize on the exclusive presale at the $PLANET website. #PLANET, the native token of the Join the Planet ecosystem, promises unmatched benefits stemming from this RWA launch...
Planet's business approach draws inspiration from Amazon's Flywheel, a strategy that emphasizes providing a broad variety of products at economical prices to attract a larger customer base. Planet aims to use RWA collections to financially support decentralized autonomous organizations (DAOs) that are committed to addressing issues related to social and sustainability in accordance with the United Nations' Sustainable Development Goals. According to Planet's website, "We aspire to reach an ambitious annual revenue of $100 million." Messi has had considerable involvement in the Web3 space. In 2022, he joined forces with cryptocurrency exchange platform Bitget, serving as its official ambassador. In other news, OKX token experiences a $6.5B flash crash, and crypto exec ‘Mr Bang’ is currently at large: Asia Express.
Published At
2/21/2024 8:58:04 PM
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