genuine pupose of clarification, I will for a last time rephrase it as detailed and as reasonable as possible and hope at least for an attempt of a likewise reasonable answer.
1.So you stake 5000 LTM to be allowed to buy a doorcounter for 4000 $ in Q4 2022 ... even letting that slide still 5500$ after launchpad, what does it even finally earn per day? No precise figures, just a vague estimation, just a very basic rough concept.We have seen it all, projects that sell a network, data from sensors, vpn, etc. All cases where you can make an argument for later adoption and where the payers of the data might come from, anglewise.
2.But entry counting? who will pay so for that data "so high", that in contrary most shops already show on google maps by phones entering their wifi and traditional door counters for like big malls that cost those owners 200$ one time payment? We see that data everywhere already.
3.How is that side of the model gonna work out in the end? I mean sure it might be interesting how many people went into your local town hall today, but the barber? the dentist? etc... down to private home owners? In which case is the final data so valuable that its worth paying 5,5 k$ on the device? Just as a realistic approach, how can this network support equally payments to so different situations? ANd being inclusive to all?
I do not find my questions unreasonable or rude, actually rather basic.
I just want to understand at least a bit more about usecase and validity, before thinking about such a investment. I am counselor for big name projects, at least the one with the biggest peoples network data solution is one that everyone knows. And I would not have asked if I did not miss out some key points here. I am not asking because of lack of concept in crypto projects, I am also on the board of one of the second bigger ones.
In the end some of those concepts everyone can understand easily usecase and adoption, why there is an entity that pays such a amount that makes it worth buying this or that device.
In my humble opinion, it does not calrify anything to answer that with:
Dor made an entire business model off of foot traffic data. You think they did that for fun? Or because there is demand for it?
Because that just says/claims the business venture is experienced and successful, not why it should work and justive such a pricey device for the "average joe".
Furthermore it does also not answer these questions to go into a buzzword strom of words:
"The network's inherent ability to validate, aggregate, and compose data streams in an agnostic way is an extremely powerful differentiator that the industry needs for real world adoption to occur."
Also defaulting to "every investment comes with Risk, make your own decision" or "if that is not fitting your investment strategy then pass on it" are rather deflective and evasive answers, that just tell what everyone should know "it's crypto baby, so do it or not"... but does not answer anything.
I am not here to talk anything down, I have spent very often equal amounts on things, and not because anyone would guarantee me a ROI or could tell me exactly what it will earn, just because they could at least argumentatively "sell" their idea. Just missing that point in a more solution oriented path without just diving into a sea of buzzwords which translate to "data matrix blockchain AI computing smartcontract" = answer to everything
I think it’ll be better in your case to wait until next week, where a lot more info will be coming out according to Mr. Jorgensen. Why next week and not today? Well, it’s their company and their decision, we are just going along for the ride. If after they release more info your questions are not answered, I think it’ll be appropriate to repost them again.
Some elbow grease on Google would give you a lot of insight into the industry.
You are misunderstanding something from the get go here - the Lattice Launchpad sale is basically an early bird opportunity for LTX holders. You are not forced to buy the DTM now, you can ALWAYS wait for ALL details to be publishes before you start to buy and use the DTM. But just calm everyones mind - details to baseline rewards will be publishes in the next coming days —> what we already know: 1. We get rewards in $DAG 2. We get rewards in $DATA (Dor governance token) 2. Dor is already selling foot traffic devices and data - it makes sense that BIG data sets are extremely valuable (for all kinds of businesses - examples were made in the HH and the AMA in the Lattice TG) 3. Entities interested in certain data will create bounties and pay with that for the respective data - e.g. let's say company X wants foot traffic data on location Y —> You can now decide to place you DTM there to earn extra additional rewards on top of your baseline rewards. It seems to me you that you want to have your DTM cost returned in basically like a week - but it will likely be at least a year similar to normal crypto miners you see and then afterwards it is just extra passive rewards.
I think the questions are completely valid. I don’t think he wants ROI to be next week. I think he just wants to know when ROI will be. Like most investors. Most wants to know when ROI is, so we can decide if it’s worth the risk/investment. ROI could be 30 years, and that’s fine. Letting people know the possible number might create an investment decision. There are lots of IoT devices out there. Im wondering what’s so special about doR, and such a steep price? Average Joe like me won’t be able to afford it. I’d love to, but just won’t. Hoping there will be lots who can afford it!
Yes i agree - that is why that part was my last point because it sounded like he wanted to have an extremely high ROI. Regarding the rewards, i answered basically right at the start :)
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