Ecosphere
  • Introduction
  • Elevator Pitch
  • Pitch Deck
  • Lean Model Canvas
  • OVERVIEW
    • Mission
    • Problem Statement
    • Ecosphere Prime Solution
    • Benefits
    • Value Proposition
    • Use Cases By Industry
    • Achieving Net Zero
    • Technology Platform
    • "Waze For Weather"
    • Strategic Roadmap
  • Technology
    • Climate Intelligence Network
    • Climate Nodes
      • Prototype
      • Device Mockup
      • Device Setup
      • Node Location Planning
      • Node Explorer
    • Smart Nodes On Hedera
      • Web3
      • Smart Nodes Vs Smart Contracts
    • DIDs and Verifiable Credentials
    • Peer-to Peer Data Sharing
      • How We Use Hedera
      • Hedera Topics
      • Data Tokenization
      • Data Sharing
    • Decentralized Identity
    • Micro Royalties
    • Fractional Ownership
    • Integration
      • Climate Data Workbench
      • API
    • AI Forecasting
  • Functional Flows
    • Registering A New User
    • Registering A New Node
    • Data Collection From Nodes
    • Data Tokenization
    • Data Sharing
    • AI and DLT
    • Marketplace
    • Fractional Ownership
  • Community Product
    • Product Community Fit
    • Product Vision
    • Minimum Viable Product App
    • Wireframe
      • Onboarding
      • Walkthrough Tutorials
      • Wallet Creation
      • Location List
      • Weather Information
      • Location Options and Support
      • Timelapses
      • Animations
      • Weather Station Setup
      • Search and Explore
      • Settings
      • Sharing and Notifications
    • Style Guide
    • Visual Design Elements
    • Usernames Feature
  • Commercial Product
    • Sector Focus
    • Product Market Fit
    • Comprehensive Reporting and Dashboards
    • Climate Data Oracle
    • Go-To-Market
    • Competition
  • Tokenomics
    • Revenue Drivers
    • $PRIME Token
    • Value Capture Mechanism
    • Reward Structure
    • Locale Coverage
    • Nodes For Public Good
  • Community
    • Whitepaper
    • Public Good
    • Joining Ecosphere
    • Governance
    • Awareness
    • Disaster Readiness
    • Early Warning System
    • Socials
  • Project Developer
    • About
    • Team
    • Funding
    • Testnet Accounts
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  • Wallet Creation:
  • Micro Royalty Mechanism:
  • Transaction Management:
  1. Technology

Micro Royalties

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Last updated 4 months ago

Wallet Creation:

Each device is provisioned with a Hedera wallet that can store tokens (fungible and non fungible). We achieved this using Hedera Wallet SDKs that allow for the generation of secure wallets for each device.

Micro Royalty Mechanism:

Devices receive micro royalties in the form of the Ecosphere native token $PRIME in return for the data they provide. When a device successfully sends data to the smart app, it triggers the smart app to execute a payment to the device’s wallet The quantum is calculated based on the .

Transaction Management:

Ecosphere has implement a method to handle the transaction flow, ensuring that the micro-transactions are processed efficiently on the Hedera blockchain. The smart app monitor transaction confirmations to ensure timely payments are made and any failed transactions are resent to Hedera until the transactions are complete.

tokenomics