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August 18 AMA session with PlanetWatch CEO

August 18 AMA session with PlanetWatch CEO

In this article you will find the answers that our CEO, Claudio Parrinello, gave in the AMA session on the 18th of August.

Before answering your questions we will first go through the Road Map.

PlanetWatch Road Map

In this Road Map, not all projects will be featured, since for some activities and items, we have a good possibility to be the first ones in the world to use them, so it would not be appropriate to disclose them in advance.

S2 2021 Global air quality network & ecosystem expansion

In the second half of the present year, our focus is on scaling, growing fast our global air quality network and our community.

This is important since the value of this project is related to the value of the data – big data – it will generate. To generate big data, we require a global network of sensors. For example, the goal for indoor is to have worldwide air quality sensors in a good fraction of households, hotels, train stations, public transport, post offices. 

To achieve this, one of the tools are B2B partnerships, as corporate partners can be instrumental o grow our network fast. We are talking to many companies, some of them have tens or hundreds of thousands of retail customers, so they can really help us get sensors everywhere.

We will also focus on onboarding new sensors. As you know there is a global hardware shortage, one of our priorities is to make sure that whoever wants to join PlanetWatch and get a sensor has a chance to do it, regardless of where they live.

Another priority is boosting token circulation, since at the moment there are a number of countries in the world which cannot directly access and buy tokens. Our strategy uses several types of actions. First, we are going to leverage centralised exchanges: as you know, the token will be listed on two more centralised exchanges, one in particular for people living in North America. 

DEX (Decentralised Exchanges) are coming to Algorand and I personally believe that we are very near to having a fully functional DEX. That would change a lot of things since when DEX become available, people will be able to trade tokens seamlessly. 

We will also issue a version of our PLANETS for the Ethereum blockchain: of course, this will be done in full compliance with the White Paper and with the maximum supply limit of 4.5 billions of PLANETS. A fraction of the PLANETS that we, as a company, hold will be frozen on the Algorand blockchain and an equal amount will be issued as ERC20 tokens on the Ethereum blockchain.

This is useful since on the Ethereum blockchain there is a very large community and lots of DeFi platforms, therefore it will be easier for people to get PLANETS worldwide.

We will not do any strategic change, our project is based on the Algorand, we continue to leverage the Algorand blockchain to manage data streams and to build a global air quality ledger!

Lots of people asked about staking: on one hand, once a DeFi platform will be launched on Algorand, I am sure that there will be a lot of companies offering things to do with PLANETS. On the other hand, we will have our own staking scheme. but it will be a little bit different from what you could guess. We want to call it stake for the Planet initiative, because, if you own a significant number of PLANETS and you commit to holding it, you will earn some rewards in the form of collectible NFTs and at the same time PlanetWatch will fund planting trees. So, PLANETS staking will deliver cool collectibles to you and concrete benefits to the environment.

S1 2022 Data monetisation

The emphasis, next year, will be on data monetisation. As I have said, PlanetWatch data will have value, both scientific and market value. We are looking into a number of business opportunities related to data monetisation: as you know, if you own a sensor that streams data which PlanetWatch manages to monetise, then you will earn additional PLANETS. 

The kind of partnerships and projects where monetisation will happen would be first of all city projects, e.g. a city where the local government wants to get a better understanding of outdoor air quality, pollution hot spots and take more effective mitigation measures. We are talking to a number of cities, but it’s too early to give further details.

We have a chance to be the first global dense network of radon monitors.

Radon is a natural radioactive gas which comes essentially from the ground; this gas is quite dangerous for human health, since it can be carcinogenic. Which means that the radon levels, especially in houses, need to be monitored. In addition, some studies suggest a potential correlation between increases in Radon levels and earthquakes: some preliminary studies claim that monitoring Radon fluctuations can help predict earthquakes.

We, as PlanetWatch, can contribute to a better understanding of Radon emissions and effects and we are already talking to Radon sensor manufacturers.

Another very interesting avenue to data monetisation leverages B2B Data Marketplaces. We have been invited to join one of these marketplaces, where companies submit requests for datasets and if you can provide this data, you make a deal.

S2 2022 Launch of additional verticals (e.g water, noise monitoring)

In the second part of 2022 we will be able to launch additional verticals, including for example monitoring the quality of waters, or just monitoring the levels of waters to prevent floods. Noise monitoring in cities may also be monitored by PlanetWatch in the future.

Here you can find PlanetWatchers’ questions to Claudio

Hello, how are you going to incentivise collecting air quality in different locations? For example, you could give people extra planets for collecting air quality reports in different GPS points. 

Hello, we will see. When we do something, it is always because there is a scientific and a business goal behind it.

When can we expect the new PlanetWatch App?

It will be publicly available hopefully by the end of August this year. We are currently completing tests.

How often do tier 1 pixels change? 

It makes no sense to do it too often, since our Tier structure is based on very reliable third-party information. We might make a review next year.

When will the Type 3 and Type 4 sensors be available in the USA?

All in all, I do believe both types of sensors will have an available stock in September. Generally speaking, our goal is to be able to put thousands of sensors per month and we should achieve this goal before the end of the year.

Is it possible to add a saturation tracker to the Explorer to see how far we are from saturation on each sensor Type?

You can already check in the Explorer the number of active sensors. Please, do not get obsessed with saturation. As you know, there will be a mechanism to keep rewards constant for some time, based on the Recycling Bin. Eventually rewards will decrease but at the same time a number of events will take place which I believe will generate additional for PlanetWatchers.

Is Silvio Micali your friend?

Silvio Micali is the creator of the Algorand technology, MIT professor and a great person, but he is not a personal friend of mine. We met in person a couple of times and he is a strong supporter of PlanetWatch.

How did you get in contact with Algorand?

We felt that Algoran was a great technology for our project and we contacted them via official channels to describe our project.

Will there be priority in the queue for 2/3 years Type 3 license holders in regards to the 1 year licences? Or will all the Type 3 license holders be eligible for the first batch (up order 500)?

No, multi-year licenses do not get priority treatment.

Regarding the new upcoming Type 4 device, will it depend on the battery or can it be powered by an ac/dc adapter? What will it support regarding communicating with the Planetwatch network ?

It is a bit too early to tell you everything about this device, but I can answer these couple of questions. It will be powered from mains and communicate through Wi-Fi, so once it is set up, things should be very stable.

Please keep watching our Planet and stay tuned for more announcements coming soon!

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