Methodology

The test run uses a comprehensive try-out method combining quantitative and qualitative techniques. Following an iterative research and development approach, the experiment probes to deepen the understanding of computational systems and its implications for the user perspective. This hands-on methodology aims to realize and clarify the meaning of payment experiences when building decentralized applications for cryptographic means of payment. The focus of the research questions is on the practical experience triggered by decentralized applications in the context of technical, economic and legal aspects. In this way, the open source project addresses particular problems that include without limitation the impact of minting and stacking, the influence of custodial vs. non-custodial wallets, consequences for the token economy in case of active income (service rewards) versus passive income (financial interest), and the fundamental effects of fungible items related to on-chain, off-chain and cross-chain transactions. Phenomenological feedback and the generation of genuine test data are influential to the implementation process and user adoption, and as a result, the findings get measured quantitatively in transaction volume and token value.
The Dapp rewards non-custodial funding of bitcoin collateral with supplemental token when users provide technical services including the provision of channel capacity and oracle operations on the Lightning Network.
Lightning node operators receive additional token for maintaining Bitcoin payment channels on lightning nodes. Participating users earn rewards for locking token in the smart contracts of the Dapp.
The token of the Dapp compensates for providing technical services. No peg is maintained to another cryptocurrency. Contributors do not receive a financial claim from the token issuer as the Dapp does not guarantee value or credit. Ownership rights are executed on a non-custodial basis.
Participating lightning nodes are operated by community members through decentralized open-source software.

Creative Commons Copyright License

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The intellectual property released by Plenny.crypto is knowledge commons. The decentralized application with its native token is a digital public utility maintained by a global community. The Dapp as well as the token serve as shared resource for the common good of all users. Plenny, PL2 is licensed under the MIT License for free and open source software. Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the “Software”), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

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