Planet Token is an ERC-20 token that can be exchanged with USDC.
The Planet token represents collective ownership of properties held by PlanetDAO. While on the property registry, the real estate is officially owned by a real estate holding company, this company has no decision-making power regarding the property. They merely act on behalf of PlanetDAO to register the property. Once PlanetDAO becomes a fully functional DAO, it will have the authority to make decisions regarding the property（such as profit distributions and property sales）.
As a governance token, Planet Token is used by its holders to vote on a variety of matters. Voting could be used to decide, for instance, which property to purchase, which vendor to entrust with property management, the direction of PlanetLabs operations, and even to elect individuals for specific roles.
Much of the revenue from the Planet Token is used for purchasing properties and renovations. (Note: It can also be used for DAO operations and as professional service fees for experts.) The Planet Token doesn't tie to individual properties but acts as ownership in a collection of properties, much like a fund. However, there isn't always an ongoing sale period; additional purchase and sale quotas are introduced when new potential properties are identified.
The primary responsibility of Planet Token holders is to ensure the improvement and growth of PlanetDAO and its properties. This involves developing governance processes and infrastructure for effective system management. Responsibilities include selecting properties and areas, providing progressive advice, electing appropriate parties, establishing standards for voting types, and more.
Another vital duty for Planet Token holders is to publicly communicate their views on the various issues being addressed by Planet's governance at any given time. Actively participating in forum discussions, voicing opinions, and explaining the rationale behind them are crucial due to the public and decentralized nature of the protocol and its governance.
Planet Token holders have the ability to enact changes to the PlanetDAO itself and also to ratify decisions about technical and non-technical matters. For example, about allocation of budget, governance procedures, property management contractors, property purchases and sales (Note: Sales require permission from a subDAO), and much more.
The addresses that hold Planet Token can be viewed in the