PlanetWatch is a network of sensors and people, but people come first. For this reason, in the last 4 weeks we have been working hard to deliver a plan which incentivizes the PlanetWatch Element community to continue supporting PlanetWatch. The challenge was to turn a setback into a display of community resilience.
We can now disclose our Element Community Resilience Plan, worth over $10 M.
Qualifying Element owners will have a choice between two (mutually exclusive) options.
Vouchers will be issued in the form of tokens issued on the Algorand blockchain. This means that there will be opportunities to extract value from the vouchers without spending additional money!
In fact, you can choose if you want to:
Refunds will be paid according to the schedule below:
Refunds will be issued in Planets and will match the full price of the license, based on the prevailing Planets/Euro exchange rate on the refund date as set above. This schedule was set by keeping into account treasury management and administrative constraints.
You must indicate your choice by June 30, 2022, 23:59 CET. If you fail to do so, you will lose any entitlement to either Option 1 or Option 2 benefits. The procedure to indicate your choice will be announced soon.
All unused vouchers will expire on May 31, 2023
These vouchers can be used for the following types of purchases:
Please note that if you receive a sensor purchase email before the sensor voucher redeem system is active, you can then open a ticket and we will provide you with the voucher redeem code(s) if you want to use such voucher(s). License vouchers will be provided separately. Other users should just wait for the release of the voucher redeem system.
You can use license vouchers on our e-commerce to claim a discount on purchases of one or more licenses (any type combination). If you only use a part of the voucher’s value in your first purchase, you will be able to use the leftover balance in further purchases, so vouchers work like gift cards.
All the users that will choose Option 1 will see their license limit increased up to the number of their eligible Element sensors.
For all the users who transferred their licenses associated with Element sensors to Atmotube PRO devices, we will restore the full duration of your license on the Atmotube PRO device.
Please note that you can still ask us to switch your Type 4 license from Element to Atmotube PRO until the launch of the voucher redeem system (date to be announced).
If you do this, you will not be eligible for discount vouchers.
Wait for our email requesting you to submit a ticket. You will then provide us with the Element developer token from your device and the wallet address where you want to receive rewards and vouchers if applicable. Please note that the wallet needs to have the Planets token already initialized.
We will perform some internal checks in order to be sure that the Element sensor is a genuine one. If so, we will:
Q: Do I really get a set of vouchers for EACH of my qualifying Element sensors?
A: Yes, you do, under the condition that you fulfill all requirements explained above.
Q: How much time do I have to indicate my choice between Option 1 and Option 2 and how do I do this??
A: You must indicate your choice by June 30, 2022, 23:59 CET. If you fail to do so, you will lose any entitlement to either Option 1 or Option 2 benefits. The procedure to indicate your choice will be announced soon.
Q: I am currently receiving 5.4 Planets/day. Will this continue indefinitely?
A: As a temporary mitigation measure, since April 2 2022 Element people have been receiving 5.4 Planets/day funded by PlanetWatch. This was part of our short-term plan. As we are now releasing our Community Resilience Plan, we will stop sending the 5.4 Planets as of 9th May.
Q: I own several qualifying Element sensors. Can I stack my vouchers?
A: For license vouchers, yes. For sensor vouchers, this will be discussed later.
Q: Do I need to pass KYC prior to claiming my vouchers?
Q: Where can I use my sensor vouchers?
A: You can certainly use them to buy sensors via our waiting list. In addition, you may soon be able to use them also for sensors not currently on our waiting list, such as (Type 4) Atmotube PRO. More info soon.
We hope that the above explanations are clear, reflecting the value of our Resilience Plan and our commitment to the community. We want all of you to keep watching the Planet!
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