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.
Here we go:
Not only is there a demand for PlanetWatch’s API but moreover it is an essential part of the project’s vision. The API gives any interested party worldwide access to the PlanetWatch dataset with the freedom to build their own data product and sell it as they see fit. This is true business decentralization. Payments received in respect of API-based data access will build up the PlanetWatch data monetization income stream, which will be split as stipulated in the White Paper.
Please refer to the last Q&A July 8th answer to question number 2 – “How will PlanetWatch protect the value of the rewards?”.
Since then, we have already released our Air Quality Data API. Read our blog post to find out more about how this product is the backbone of our data monetisation roadmap.
Please refer to the last Q&A July 8th answer to question number 7 – “What are the current meaningful utilities/uses of the Planet tokens at this point?”.
Please refer to the last Q&A July 8th answer to question number 12 – “Is it possible to extend the period to choose an option from the Element Community Resilience Plan, which ended on the 30th of June?”.
As mentioned in this blogpost, when it comes to sensors, you can only use one voucher per purchase. As far as licenses are concerned, vouchers are stackable – meaning you can use more than one to purchase or renew your license.
We believe the expiration date on the current set of vouchers is generous – bear in mind that the vouchers were a reactive measure to a problem that was not directly caused by PlanetWatch.
On the other hand, we also understand that the fulfillment of orders has been a lengthy process. However, we will soon onboard a new vendor and will keep looking for additional partners to make sure the waiting list is completed long before May 2023. Currently, the sensor sales are still tied to the waiting list but after that they will be opened to a wider market.
It is important to note that PW:Credits have no expiration date. We are exploring opportunities to broaden the use case for existing vouchers and we may also introduce new vouchers with longer expiry dates in the future.
There were some initial difficulties related to shipping and invoicing, which have already been sorted out with Helium Deploy, so all orders referring to the May batch of our waiting list are about to be properly processed.
This happened because Type 3 devices reached saturation point – meaning the daily reward budget for this segment of sensors was not enough to cover the max daily rewards – which eventually depleted the recycle bin (i.e. there are no extra funds to top up the max daily rewards), resulting in a drop of the rewards for all Type 3 sensors connected to the network.
As stated in the White Paper (page 50), each type of sensors has a fixed amount of rewards assigned to distribute per day across all eligible sensors. The recycle bin is where we put aside the part of this daily reward budget that we are not spending before reaching saturation point, so, in essence, once we go over the saturation point for a certain type of sensors, it works as a mechanism to delay that drop in rewards until it eventually gets empty. By that time, max daily rewards decrease as they are only funded by the daily reward budget being shared across all the sensors of that type connected to the network.
At the moment, we have a total of 279.88M PLANETS across all six recycle bins:
– Type 1 sensors based in Tier 1 pixels and Type 1 sensors based in Tier 2 pixels have their own recycle bins;
– Same with Type 2 sensors based in Tier 1 pixels and Type 2 sensors based in Tier 2 pixels;
– Type 3 and 4 sensors are not related to any pixel structure, so there is one recycle bin for each.
The Type 1 Tier 1 recycle bin shows a negative (red) daily variation, which means we are already using recycle bin tokens to top up the daily rewards.
The Type 1 Tier 2, Type 2 Tier 1, Type 2 Tier 2 and Type 4 recycle bins show a positive (green) daily variation, which means we have leftover tokens from the daily reward budget and the balance of the recycle bin is increasing.
For the Type 3 recycle bin the figure is 0, which means there are no funds left to top up the daily rewards.
Early Bird PlanetWatchers are very appreciated by the PlanetWatch team. They had several perks at the beginning of the project – the first Atmotube Pros (Type 4) and Ariannas (Type 2) had free lifetime licenses, there were bags of Planets awarded with the first sensors and there was also a limited edition collectible NFT. Furthermore, they have been receiving rewards for a long time and in higher quantities before any saturation was ever reached.
At the moment, we are entirely focused on retaining the existing PlanetWatchers, while expanding the community, growing the network’s coverage, and start selling data through our API. Yet, this does not mean we will not consider additional benefits for Early Bird PlanetWatchers in the future.
We have been approached and are having discussions with some exchanges. However, at this time, it is too early to share news in this regard. Whenever we are able to disclose further information, we will make sure PlanetWatchers are the first to know.
For today this is all! Some of the questions received in the meantime will be answered on the next Q&A blog post (5th of August).
Thank you for your support and keep watching the Planet 🌍
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