Why the KYC?

  • Updated

PlanetWatch is not just a “mining” project, but a global environmental monitoring project based on Big Data, with incentives for data contributors. We give incentives via PLANETS tokens to those who commit to sending us meaningful data from which we can extract scientific as well as business value.

This commitment can be broken by people who try to cheat by sending us “farm” data and get PLANETS in return and, unfortunately, in a large community you always get some people who try to cheat, and we want to get rid of them. 

With KYC, if we find that someone is cheating, we are able to ban the person, not just the sensors.

PlanetWatch is about trust between people, if you breach our trust relationship, you get banned as a person.

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