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PlanetWatch Q&A

August 5 PlanetWatch Q&A

August 5 PlanetWatch Q&A

As announced, we are moving towards a new format that will replace the AMAs. For the time being, while we craft the concept, we will answer your questions through a biweekly blog post.

PlanetWatch Q&A

Here we go:

1. Are you going to implement a more meaningful token burning mechanism?

We are evaluating several options for an additional token burning mechanism, besides the one tied to the Stake for the Planet initiative, because we understand its importance and potential tokenomics-wise. Some options will soon be the object of a governance vote.

2. Have you thought about creating a staking program to help alleviate sell pressure on Planets?

We already have some staking programs. The best known is probably Stake for the Planet, which was already upgraded to the Stake for the Planet 2.0 Initiative and that includes a token burn mechanism.

On Algostake we currently have three different programs:
– Planets can be staked to get a reward in PW:Forest, which can be used to redeem trees on treedom and in the process is burning 100 planets on every tree redeemed.

– Planets/Algo Liquidity Pool made on Tinyman can be staked to get a reward in Planets.

– Planets/STKE Liquidity Pool made on Tinyman can be staked to get a reward in Planets.

On Folks Finance:
– Planets can be borrowed or lent out against an APR which is also an incentive-driven mechanism.

On Humble:
– Planets/Algo Liquidity Pool made on humble can be staked in their farm to earn mixed rewards of Planets AND Algo.

Even though we are satisfied with the current staking programs, we are open to adding others that make sense to both the project and our community.

3. Will there be a public API where sensor owners are able to access the (raw) data produced by their own sensors? The export option in the Explorer is limited. API access would be beneficial.

The main goal of our API is monetizing our dataset (API calls will eventually be payable in Planets) to deliver indoor and outdoor air quality data from our extensive hyperlocal network to public and private institutions, with the aim of fostering impactful decision-making.

As for the Explorer, we are working on a new interface that will introduce relevant visualization features to display the data collected by each sensor.

4. Could the trees that are planted through the Stake for the Planet initiative give an income linked to carbon credits in the future?

The trees planted through the Stake for the Planet initiative, in partnership with Treedom, are a pure carbon offset and do not generate carbon credits.

Nevertheless, we are evaluating a partnership related to the global carbon market with a sustainability focus in mind, as part of our service offer to corporate clients interested in getting access to our API.

5. How long does it take for TEA Group to ship devices?

Once your order has been received and processed, the shipping can take between 2-10 business days depending on your country of origin.

As soon as the parcel leaves TEA Group’s warehouse, you will receive a notification from the courier with the tracking information.

Bear in mind that, at the moment, TEA Group is fulfilling all the remaining batches of the waiting list for European customers. Soon they will be able to accept new orders outside the waiting list.

6. Can I use my voucher from the Element Community Resilience Plan to buy my AirQino on TEA Group’s e-commerce?

Yes, you can. Learn how to do so here. Please note that you can only use one sensor voucher for each sensor purchase.

7. Will the new Type 2 sensor be supported worldwide?

We will release this information as soon as we open the sales for the new Type 2 sensor. However, please consider that sensor certifications for different countries are the manufacturer’s responsibility. If we state a sensor is not available in a certain country, it is because the manufacturer told us they are not authorized to ship that device there.

8. When do I have to renew my license? How many days before expiring?

The license can be renewed the soonest 30 days before expiring. This is no hard limit though: you can renew it a day before expiring, or you can renew it after it has expired (but the moment it expires you stop receiving rewards).
Please keep in mind that:

  • You can only activate your license renewal when the current one has already expired or is one month away from expiring.
  • You cannot add multiple license renewals at once to your current license. You must activate one at a time: either when the previous one has already expired or is one month away from expiring.
  • All license renewals are non-transferable, i.e. once you add it to a sensor, it cannot be used later on for a different sensor, even if it is from the same type.
    Check how to connect your license renewal here.

9. Can I buy a license renewal with the PW:Credit tokens I received from the Element Community Resilience Plan?

Yes, those PW:Credit tokens can be used as a discount voucher. Learn how to redeem it here.

Afterward, you can buy your corresponding license renewal here to extend your sensor’s license runtime and keep it connected to PlanetWatch’s network.

10. Why are Type 3 users getting only 15 tokens/day?

Please refer to the last Q&A on July 22nd answer to question number 8 – “Why have my Type 3 rewards dropped from 45 to 15?”.

11. Are you planning to show in the Explorer the online and offline sensor divided by type?

The new Explorer interface is part of our technical roadmap but currently the improvement of the network’s infrastructure is the top priority. In the future, the Explorer will be updated to, among other features, give more details on sensor status and overall network usage.

12. Could you explain how being a CERN spin-off positively affects the daily operations of Planetwatch?

PlanetWatch is the only company in the blockchain ecosystem which can pride itself for being a CERN spin-off. For those who are not familiar with this organization, CERN is not only the largest physics research lab in the world, where the origin of the universe is being investigated, but also the place where the Web was born and where disruptive new technologies are developed all the time.

CERN has been one of our biggest supporters since the very beginning, as PlanetWatch is incubated by InnoGEX, CERN’s French startup incubator.

PlanetWatch and CERN have an agreement encompassing knowledge sharing and consulting support. In addition, being a CERN spin-off facilitates access to a wide range of leading-edge technologies, some of which could prove directly relevant for future project developments. 

Last but not least, as a CERN spin-off, PlanetWatch is regularly featured in CERN’s blog posts and publications (e.g. “On Earth Day, CERN underlines its commitment to a better planet”; “Knowledge and technology for the environment”) which strengthens our credibility and visibility worldwide. 

For today this is all! Some of the questions received in the meantime will be answered in the next Q&A blog post (19th of August).

Please check our previous Q&As for more info – part of the questions submitted are exactly the same as some we have already answered:

Thank you for your support and keep watching the Planet 🌍