By participating, you will be rewarded in the form of a new digital cryptocurrency that was created with this specific purpose in mind. This token is also used by those wishing to gain access to the accumulated data.
Get rewarded through an entirely new incentive model that ensures data miners are rewarded for capturing and digitising relevant data.
Ground floor participants will receive a larger share of rewards with a smaller number of devices sharing the distributed token pool early on.
The Elumicate token will be used to incentivize participants. Miners receive tokens for the initial capture and digitisation the data, and receive more tokens when that data is retrieved.
Tokens are converted into data credits in order to gain access to the desired data, ensuring that the value of the data is retained within the price of the tokens. A token halving schedule and deflation model are also used to support the token's value.