[ PoC · on-chain basket · no reserve, no redemption, no market price · not a stablecoin ]
last reviewed · plain answers, no marketing
Plain-language notice: Planet is a testnet proof of concept. It is not a stablecoin, has no reserve and no market price, and nothing here is investment advice.
What is Planet? · Is PLT a stablecoin? · What is the PPI? · How is the index calculated? · What is in the basket? · Where do prices come from? · How often are prices updated? · How do I mint or redeem? · What fees are there? · Is there a governance token? · Which network? · Is it audited? · Who controls the basket weights? · What are the risks? · How do I verify it myself?
Planet is an on-chain commodity purchasing-power index on TON. It reads the real prices of a basket of 14 global commodities — energy, metals, agriculture and industrial materials — combines them into one number (the PPI), and expresses that number as a TEP-74 token (PLT). It is a data product first and a token second.
No. PLT is a synthetic index token: it tracks the index, it is not redeemable for commodities or dollars, and no reserve backs it. There is no peg and no promise of one. The Phase 1 build is a proof of concept on testnet; anything describing PLT as a stablecoin or a yield product is wrong.
PPI stands for purchasing-power index: a single number that tracks how the price of the whole basket moves, where 1.000000 is the index value at launch (the base date). If the PPI reads 1.012, the basket has risen about 1.2% since launch. It is quoted with six decimals and computed on-chain.
Each commodity contributes its weight times the ratio of its current price to its base price. The weighted contributions are summed and divided by the sum of the active weights. A commodity whose feed is flagged as frozen is excluded and the remaining weights are renormalised, so a single bad data source cannot corrupt the whole index.
The live basket holds 14 commodities — WTI and Brent crude, natural gas, gold, silver, copper, wheat, corn, soybean, coffee, and lumber, lithium, water and carbon proxies. No single commodity may exceed 15% and the weights must sum to 100%. Weights are set by governance; base prices are frozen once the basket is locked.
An off-chain relayer fetches each commodity from two independent sources (for example Yahoo Finance and Sina), takes the median, signs the result with an ed25519 key and pushes it to the contract, which verifies the signature on-chain. If the two sources diverge by more than 2%, that commodity is marked frozen and excluded.
A scheduled run pushes a commodity only when its price has moved more than 0.1% since the last on-chain value, refreshed by a daily scheduled run; the on-chain index is recomputed on every update. On a quiet day that means a handful of transactions instead of fourteen — cheap and still fresh.
Open the Mini App at app.ppppp.space and connect a TON wallet. Minting deposits a test USDC-denominated amount and issues PLT at the current index; redeeming burns PLT through the jetton minter and mirrors the accounting back to the core contract. You always sign in your own wallet — Planet never holds keys.
The core charges a band-based fee of 0.5% near the index, 1% when the index is 3–5% off, and 2% beyond that, with an extra penalty for exiting far below. Fees are split 30% buyback-burn, 40% reserve, 20% staking and 10% risk fund. On testnet the numbers are real but the assets are not.
Yes — PLTG, a fixed-supply (1,000,000,000) TEP-74 token with a live staking and voting contract. Stakers receive the staking share of protocol fees pro-rata, and voting power is weighted by the amount staked. It is deployed on testnet and not for sale.
Planet runs on the TON testnet only. There is no mainnet deployment, no public sale and no token on any exchange. The addresses published on this site are testnet addresses and their tokens carry no value. Mainnet is gated behind an independent audit.
Not by a third party yet — that is the main gate before any mainnet launch. The code is open, written in Tolk, and backed by a continuous test suite (200+ tests, coverage gate at 90%), plus a self-review of known failure classes. Independent audit is planned, not done; treat this as unaudited software.
Governance does, through two on-chain actions: adding a commodity, or re-weighting an existing one (including setting a weight to zero to retire it). Base prices can never be changed, so the index history stays tamper-evident. On testnet the owner is a 60-second timelock; production would use a multisig behind a longer delay.
Four matter. The index can diverge from any real-market value because it is a synthetic construction. Oracle data can be wrong or manipulated, which is why there are two sources, a jump guard and a freeze mechanism. The code is unaudited. And liquidity is thin, so any secondary price can move sharply. This is a research prototype, not a savings product.
Read the contracts directly. The core exposes ppi(), assetCount(),
assetAt(i) and lastOracleUpdate(); the live basket is rendered at
/dashboard, and the same data is available as JSON from
/api/v1/status. Everything is public and reproducible — you do not have to
trust this page.
Still stuck? The Telegram bot answers these same questions automatically — message @Gavis0bot. It will never ask for a seed phrase.