We are releasing today our new and final token model. As explained in the document, it will not come into force immediately, rather as soon as the network testing phase is completed and a corresponding rewards allocation is exhausted, which could take a few more weeks.
In the meantime, we will set up an AMA in order to answer as many questions as possible and enrich the FAQ section on our website. Ahead of this, here is my attempt to illustrate the key points.
Although the model contains a fairly large number of rules and definitions, its guiding principles can be spelled out in a few lines:
Planet earnings for outdoor fixed sensors (Type 1 and Type 2 in the token model) depend on where the sensors are installed, the presence of other sensors nearby, and their track record.
Before getting into the details, it is important to understand why we have introduced such rules. They are related to how we extract information from outdoor data and how we aim to maximize societal value out of our network.
In order to implement the above system, we overlay upon the Earth a grid of rectangular pixels. Pixel size is 0.72 km2 (0.278 sq. mi.). Pixels are classified according to a 2-tier system:
The classification is based on worldwide population density data made available by the European Commission under its Global Human Settlement Layer. Tier 1 pixels are those where the population density is estimated at 2,000 inhabitants per square kilometer or more (dataset here). Type 1 and Type 2 sensors placed in Tier 1 pixels would typically enjoy higher rewards (check the token model for details).
2. You will see a pin corresponding to your location inside a pixel.Now, click on the Tier 1 button. If the pixel corresponding to your location goes purple, it is a Tier 1 pixel.
3. Click again on the Tier 1 button to toggle back to the normal view. If the pixel corresponding to your location is colored, this means that some PlanetWatch sensors are currently active in the area. If not, you have a chance to become a Pioneer in that pixel (ref. token model)!
4. Finally, click on your pixel. A new frame will pop up displaying air quality historical data. Near the bottom, you will see how many Type 1 and Type 2 sensors are active in the pixel. If there are zero Type 1 or less than five Type 2 ones, your sensor has a chance to achieve Lead status (ref. token model) as soon as you activate it!
For indoor or wearable sensors the pixel structure does not apply. Why? Again, this is related to the way we extract value from data. Unlike Type 1 and Type 2 sensors, indoor and wearable ones deliver data which provide useful information on an individual basis, with no need for large-scale aggregation. Their data help assess the impact of individual lifestyles and house/building management habits on people’s well-being and exposure to pollutants. For this reason, we put no strict constraints on their spatial distribution, subject to some restrictions stated in our General Terms of sale and delivery:
PlanetWatch reserves the right to disconnect from its network and terminate participation to its rewards program for any sensor which appears to be installed in unsuitable locations and/or operated for the sole purpose of earning rewards. Examples include:
The bottomline is: Planets are earned in return for useful, valuable data. Clearly, putting several identical sensors next to each other adds no value to the data from one single sensor, so please refrain from doing this and help us keep PlanetWatch data valuable!
Next week we’ll release our full White Paper. The token model is just a section of it. We have a number of additional cool announcements in the pipeline, regarding Planet listing, partnerships for network expansion, governance and more.
Stay tuned and look after our Planet!
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.