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Planetwatch Detailed information about Planetwatch 3

Planetwatch

Overview

Planetwatch is a decentralized environmental data network that allows users to share and monetize their environmental data. It leverages blockchain technology to create a secure and transparent data marketplace.

Key Features

  • Currency: PLANETS (Planetwatch Token)
  • Buying Currency: Available on exchanges like KuCoin and Gate.io.
  • Utility:
    • Used for network transactions and incentivizing data sharing.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate data sharing and reward distribution.
  • Utility in the Project:
    • Users can earn PLANETS by sharing their environmental data.
    • Validators can stake PLANETS to secure the network and earn rewards.
  • API: Yes, Planetwatch provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily connect their environmental sensors to the Planetwatch network to share data and earn rewards.

How It Works

  1. Step 1: Users connect their environmental sensors to the Planetwatch network.
  2. Step 2: The sensors collect and share environmental data with the network.
  3. Step 3: Users earn PLANETS tokens based on the amount of data shared.

Staking

  • Staking Requirements: Minimum of 10,000 PLANETS tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

API Documentation

For detailed API documentation, visit Planetwatch API Docs.

Additional Resources