Element Community Resilience Plan

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.

Option 1 Get two free discount vouchers for a total value of $300 per each qualifying Element sensor

• A 100$ voucher for purchases of PlanetWatch-compliant sensors from PlanetWatch or approved vendors,
• A 200$ voucher for purchases of any combination of new licenses.

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:

• Redeem the vouchers and use the discounts for your own purchases
• Sell your vouchers to somebody else. Since the voucher is tokenized, you can trade it directly on the blockchain against payments in algos, USDT, Planets, etc, or use any other payment method that you trust. PlanetWatch will seek to facilitate the process and will keep this solution viable and attractive.

Option 2 Get a full refund for each Type 4 license linked to a qualifying Element sensor

Refunds will be paid according to the schedule below:

• 1-year licenses -> refunds on July 29, 2022.
• 2-year licenses -> refunds on August 31, 2022.
• 3-year licenses -> refunds on Sep 30, 2022.

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.

Click here to read the full article on our website.

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