Planq wallet

What is Planq (PLQ)?

Planq is its own Layer 1 blockchain built with the Cosmos SDK. PLQ is its native coin: it pays transaction fees on the chain and secures it through staking. The chain also runs an EVM, so one key can show up in two address formats, a Cosmos-style address starting with plq and a familiar 0x address. Both lead to the same balance. That confuses people the first time an explorer shows them an unfamiliar string for coins they already own.

PLQ is not limited to its home chain. A BEP-20 version circulates on BNB Smart Chain, where fees are paid in BNB rather than PLQ, while the Cosmos-side coin moves between chains over IBC. These versions are not one token sitting in two places. Each has its own balance, and moving from one to the other takes a bridge or an IBC transfer, never an ordinary send. Mixing them up is how holders can lose track of their PLQ, for example by sending BEP-20 PLQ to an address that expects the native coin.

Before any transfer, know which version you hold and which one the receiving side accepts. If you hold the BEP-20 version, keep a little BNB for fees.

Networks where Tangem supports PLQ (2): BNB Smart Chain, Cosmos.

In the Tangem app each PLQ version gets its own balance line, and the send screen names the network before the card signs. It is up to you to match that against what the recipient expects. With two separate ecosystems showing as two separate numbers, keeping PLQ on the card makes sense.