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9/27/2022, 10:06:51 AM

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PlanetWatch is on the decline this week.

The price of PlanetWatch has fallen by 3.98% in the past 7 days. The price declined by 1.67% in the last 24 hours. In just the past hour, the price shrunk by 2.15%. The current price is $0.005579 per PLANETS. PlanetWatch is 99.51% below the all time high of $1.13.

The current circulating supply is 319,244,116 PLANETS.


What Is Planet Watch (PLANETS)?

Planet Watch (PLANETS) is a platform with a primary goal to overcome the limitations in air-quality monitoring worldwide. The platform aims to raise awareness through specially designed sensors and a license to operate them. The users then connect the sensors to the Planet Watch network through the mobile app or the website. The users then get rewards for sending data through the sensors in PLANETS tokens

PLANETS is the token offering of the platform. Planet token works as a fungible utility token and operates on the Algorandblockchain. According to the whitepaper, the Algorand blockchain can handle one thousand transactions in a second and complete transactions within five seconds. The whitepaper also elaborates that the Algorand blockchain does not fork, making transactions final for the consumers. A fungible token is not unique and is divisible. Using the Algorand blockchain, the platform aims to validate the sensor data sent by the users and award PLANETS tokens in return for the data. 

The platform also aims to link air sensors associated with Planet Watch with an NFT. So, the users get PLANETS tokens as rewards, and they can convert them into Earth Credits, a requirement set by the platform. With Earth Credits, a non-exchangeable asset on the platform, users can get the products available on the website. 

The platform seeks to add multiple uses for the NFTs, such as obtaining digital collectibles with NFTs. Out of the total maximum supply of the PLANETS token, 94.96 percent goes as a reward for air-quality monitoring using sensors. That includes a 0.04 percent data reward for the test phase. The rest, 5 percent, is the initial allocation on Planet Watch. The aim is to use the data collected to devise strategies for developing a healthier lifestyle.

History of Planet Watch (PLANETS)

The core team of Planet Watch comprises Claudio Parrinello, the CEO and founder, and a doctorate holder in theoretical physics. The CTO and founder, Ivan D'Ettorre, has a master’s in telecommunications engineering. The rest of the team consists of Davide Cairo, a data scientist, and Dario Di Lelio, the business development manager. The rest includes individuals specializing in administration, mobile development, and other specialties. The maximum limit for the PLANETS tokens is 4.5 million. 

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What is the current price of PlanetWatch?

The price of 1 PlanetWatch currently costs $0.0056.

What is the market cap of PlanetWatch?

The current market cap of PlanetWatch is $1.78M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of PlanetWatch?

The all-time high of PlanetWatch is $1.13. This all-time high is highest price paid for PlanetWatch since it was launched.

What is the 24 hour trading volume of PlanetWatch?

Over the last 24 hours, the trading volume of PlanetWatch is $55.62K.

What other assets are similar to PlanetWatch?

Assets that have a similar market cap to PlanetWatch include Unbound, Swop, Only1, and many others. To see a full list, see our comparable market cap assets.

How many PlanetWatch are there?

The current circulating supply of PlanetWatch is 319 million.

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