Overview:
Solar is a blockchain project which is developing a platform to collect a high-quality and valuable drone content. The platform will enable the content creators and customers to connect with each other. The blockchain technology ensures transparency, security and immutability which guarantees the reliance on the data collected via drones. This completely eliminates the problems of fake news. Users can easily monetize the drone content on the Soar platform. The SkyMap token (SKYM) will be used for carrying out the transactions. Soar project is bringing value to the geospatial data which remains utilised today. The platform will help the data operators and the purchasers to utilise this data.
Why Blockchain?
Soar has used blockchain technology to collect the geospatial data through drones. Blockchain ensures the authenticity of the data collected. The platform will transparently display the information about the file’s hash, Location, date, altitude, type of drone used to collect the content, Content storage address, the wallet address of the drone operator, the wallet address of the SkySponsor etc. This will eliminate the problems of fake news in the drone content sector.
Drones Applications is some sectors are discussed below:
• Infrastructure: Drones are used here to collect site surveys, monitoring and inspecting repairs in any assets, taking progress reports etc.
• Insurance: This sector use drones to assess damages in the areas affected by natural disasters, to prevent frauds etc.
• Agriculture: Drones help here for analysing fields and soils, it also helps to gather information about chemicals while cultivating plants and to inspect plants who are affected by diseases.
• Mining: In mining drones are used for mapping for mine site planning, to study about vegetation, pollution and changes in that area, monitoring surface features etc.
• Emergency services and medical: emergency services like flame fronts and areas affected by disasters can be easily located using drones and medical facilities can be provided.
• News, tourism and entertainment: Drones can be used in this sector to take pictures for tourism promotion, taking videos of news or a sport event, gathering content and pictures for advertising etc.
Soar Solution:
Soar has provided a solution to the drone content market which remained unutilised till now. By decentralizing the system, it is bringing in transparency and removing all the loopholes that existed. SkyMap tokens will act as fuel in this ecosystem. The token will be used to purchase content and also to reward content creators. The tokens will also be used to develop SkyBounties for a specific area.
The soar platform will consist of different types data content like pictures, videos, aerial maps, etc. The drones are also capable of capturing specialised data such as range of sensors such as thermal infrared, Lidar, radar, multispectral bands etc.
The Soar Marketplace:
The Soar market place uses heatmap to decide the cost of purchasing a content. The heat map will display the demand and supply of separate regions to decide upon the cost. The content buyers and creators will be able to know the area where the demand for drone content is high with the help of the heat map.
SkyBounty System:
SkyBounty is created to process the incentive for capturing drone imagery for a desired location. It gives instant rewards to the content creators who create content for the SkyBounty area. This system will help the drone operators to identify which SkyBounty issuer needs information about a particular area. The issuer needs to submit certain number of tokens to carry out the skybounty which will place a value on the map. Thus, the content creators can upload images or content of that area and get instant rewards.
SkySponsor Model:
This model reducing the entry barriers for the users in the blockchain field by removing the complexity and the costs associated with the field. It allows the user to upload the content on the platform for free. The model also checks the credibility of the content submitted on the platform. The skysponsors of this platform will lend their credibility to other to create content thus giving opportunities to others and removing their entry barrier. If a user wants to become a SkySponsor then he/she needs to have certain number of SKYMAP tokens.
RoadMap:
• November 2017 – The concept and idea of Soar was developed.
• December 2017 - The development of testnet began from December.
• February 2018 – TPE blockchain forum which took place in Taiwan, Soar was presented, and the project had its first presentation.
• May 2018 – Whitepaper of the project was released.
• June 2018 – Soar Pre-Sae started.
• August 2018 – Soar Token Generation event will take place.
• October 2018 – Stage 1 of Soar will be released on main net.
• November 2018 – Global Roadshow will happen which will cover Asia, North America and Europe.
• December 2018 – Stage 1 mobile App will be released into the market.
• January 2018 – The project will expand its platform into Mandarin, Korean, Spanish, French, Arabic, Hindi and Russian.
• April 2019 – Beta version (Stage 1) of Super Map will be released on the test net.
• May 2019 – Stage 2 of the Super Map will be released on the main net.
• July 2019 – Global Road show will take place which will capture Asia, North & South America, Europe, Middle East and Oceania
Token Matrix:
Token Matrix
Token – SKYM
Total Supply – 350 Million SKYM
Hard Cap – $19.5 Million USD
Token Distribution:
Private Sale – 32.9%
Ecosystem – 19.4%
Community Building – 15.4%
Partnerships – 13.7%
Team – 12.3%
Public Sale – 4.3%
Advisors – 2%
Verdict:
Pros:
• The whitepaper of this project is explained in detail and it is well structured.
• The project has partnered with Krypital Group, Alibaba Cloud, Tokeneed, Blockfolks, FIDEM, and ATMOSOAR.
• The project also has some investors which are JRR Crypto, Node Capital, Grand Shores Ventures, Lateral Capital Ventures, Alium Capital Managemnet, OTSANA Capital, PEREGRINE Corporate, viaBit and Takor Group.
• The MVP of this platform is available on the webiste.
• The roadmap of the project also has detailed information about the project events.
Cons:
• The project has low social media hype other platforms such as Twitter and Facebook where it has around 1000+ followers.
• The website and the whitepaper of this project does not consist of any information about the background or experience of the team members and advisors.
Links:
Soar Official Website: https://t.me/SoarEarth
Campaign Special Link: https://soar.earth/?utm_source=content&utm_medium=bounty
Krypital Bounty Group: https://t.me/KrypitalBounty
Soar Telegram Group: https://t.me/SoarEarth
Krypital News: https://t.me/KrypitalNews
Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004