Palette (PLT) is the native utility token of the Palette Network, an ERC-20 token on the Ethereum blockchain. The network is a platform for issuing, managing, and distributing digital items, allowing them to be handled as Non-Fungible Tokens (NFTs) on its own blockchain, Palette Chain. The Palette Token (PLT) ensures the stable operation of Palette as a decentralized platform. It’s used for compensation for ODN nodes, staking to become a data holder node, and bidding by organizations or entities wanting to publish data on the ODN.
