St. Genis-Pouilly, France, Jan. XNUMX / PRNewswire /) - PlanetWatch, a French start-up that sets incentives for environmental monitoring and decentralizes it, announced that its utility token PLANETS will be listed on the Bitfinex trading exchange on June 4th. PLANETS are (apart from stablecoins) the first Algorand Standard Asset to be traded on a major international stock exchange.
Claudio Parrinello, CEO of PlanetWatch, explains: “This is an important milestone for PlanetWatch. Less than 18 months after the company was founded and despite the corona pandemic, we were able to show that our Smart City as a Service solution, which is based on the provision of community sensors and crowdsourcing air quality data, can provide data feeds for companies quickly and inexpensively. "
PlanetWatch is revolutionizing the way we measure air quality by using the Algorand blockchain, IoT-enabled sensors and AI-based data analysis. PlanetWatch gives the citizens incentives to operate air quality sensors and to receive tokens for the data streams as a reward.
Sean Lee, CEO of the Algorand Foundation, says: “We are delighted that Bitfinex is supporting the PLANETS token. The PlanetWatch team demonstrated outstanding vision and innovation in the development of its “Smart City” AaS concept and the decision to create its utility token ecosystem on Algorand's sustainable, carbon-negative blockchain network. We are excited that the world can discover the amazing potential of the crowdsourcing approach to air quality monitoring and the PLANETS token. "
PlanetWatch focuses on air pollution as it causes over 7 million deaths annually (source: WHO). In addition, recent studies provide evidence that long-term exposure to air pollution has been linked to an increase in mortality from COVID-19 infection and a significant risk of infection from aerosols indoors, where air quality may be an indicator of risk of infection.
PlanetWatch is heavily supported by well-known partners such as Algorand, the Algorand Foundation and CERN, the largest laboratory for basic physics in the world, where the web was born.
As a provider of environmental data, PlanetWatch naturally entered into a partnership with Algorand, which provides a highly scalable, decentralized and secure blockchain that is also one of the “greenest” in terms of energy consumption. For CERN, PlanetWatch is the only company in the global blockchain ecosystem that is an official "CERN spin-off".
PlanetWatch's network is growing very quickly. It currently comprises around 700 sensors, mainly in Europe and the USA. Based on the current installation pipeline, the milestone of 1 sensors will be reached in a few weeks. For more information on PlanetWatch, see https://planetwatch.io and more information about Algorand at https://algorand.com
Claudio Parrinello CEO firstname.lastname@example.org