PLANET
Crypto Overview
Overview
PLANET is the native token of PlanetWatch, a decentralized air quality monitoring network launched in 2020. The project incentivizes individuals to deploy air quality sensors and earn PLANET tokens for sharing environmental data.
Purpose and Utility
The primary purpose of PLANET tokens is to serve as a reward mechanism for sensor operators who contribute air quality data to the network. The tokens can be used to purchase air quality sensors, license subscriptions, and access detailed environmental data analytics.
Business Model Analysis
The project's business model involves real-world utility through environmental monitoring and data collection. The token serves as an incentive mechanism for maintaining a decentralized network of air quality sensors. There are no apparent elements of gambling, interest-based transactions, or prohibited activities in the core business model.
Real-World Adoption
PlanetWatch has achieved notable adoption with thousands of active sensors deployed globally. The project has established partnerships with several cities and environmental organizations for air quality monitoring initiatives. The token is actively used for its intended purposes within the ecosystem.
Development Activity
The project maintains active development with regular updates to their sensor integration systems and data analytics platform. The team regularly publishes technical updates and maintains transparency in their development process.
Token Distribution and Governance
The token distribution includes allocations for sensor rewards, team development, and ecosystem growth. There are vesting schedules in place for team tokens, showing consideration for long-term project sustainability.
Crypto Impact
To assign a comfort level investing in PLANET from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to PLANET.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.