A few weeks ago, we introduced a license scheme for PlanetWatchers. Following a blog post and an AMA session on this topic, we feel that some further explanation of the rationale and the benefits of this scheme is needed, so let’s do it.
Let’s start with some news:
So, what is the rationale for our licensing system and why do we believe this is the best way to deliver value to the community?
Here is what we are good at:
We are no hardware production specialists or logistics experts. As it makes no sense for us to sell hardware and get involved with all related challenges, we developed a business model which monetizes what we do best and allows PlanetWatchers to buy approved hardware on the open market at the best price. As we have already proven with Atmotube PRO, we leverage the PlanetWatch brand to negotiate special PlanetWatch discounts from manufacturers whenever this is possible.
Some people are comparing our project to crypto mining schemes and from this perspective they do not see the value behind PlanetWatch licenses. Before explaining what licenses pay for, I should say very clearly that we are NOT a mining scheme. We are in the business of generating environmental data which help PlanetWatchers and their communities protect their health and raise awareness of environmental challenges. And we provide PLANETS incentives to do that, which will soon be redeemable towards a range of useful products and services.
Having said that, if you compare PlanetWatch to other projects which leverage communities to deploy IoT networks, you should notice that PlanetWatch’s share of PLANETS rewards is just 20%, which is typically lower than what other projects charge. Also, the long-term PLANETS earning potential for PlanetWatchers will be boosted when our B2B data products will hit the market, as sensor owners are entitled to a fraction (in PLANETS) of sales proceeds when data from their sensors are monetized.
Back to licenses. Generally speaking, they cover the following costs:
Licenses also enable PlanetWatch to easily prove the size of our community and use it to negotiate with third parties special discounts for PlanetWatchers. For example, you will soon see that our special price for Airqino sensors is way less than what some people anticipated. Also, in some cases, the order of purchase of licenses may determine your place on sensor waiting lists.
Finally, we plan to give sensor manufacturers the possibility to buy our licenses in bulk at discounted prices and resell them to PlanetWatchers. This will create a competitive market among them which could reduce the license purchase cost for individual PlanetWatchers.
PlanetWatch is scaling fast and we are doing our best to remove friction. Later this month we will unveil an important partnership which will very soon add hundreds of sensors to our network.
Stay safe, and watch the Planet!
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