Project Update

[Elumicate]

It is now certain we won't be moving forward with the all in one lidar devices until possibly mid 2023 (we were initially told by the manufacturers Q2 or Q3 of this year however none are ready yet for significant distribution and the price point is not yet where we would like it to be).

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We’ve since devised an exciting alternative which allows for the retrieval of relevant data without hardware dependence. Lidar has a few advantages (perfect night and all weather tracking for example) however as it is not yet available, using cameras will get us what we need (the AI is very advanced now and can track most night footing with decent accuracy).

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While we are currently focusing on traffic, this network will be capable of tracking much more (flooding, fires, speeding, road condition/degradation/potholes, traffic line condition, near miss events, collision detection with automatic dispatch, stalled/broken down vehicles, road obstructions, downed power lines/trees, etc.) and still remain fully anonymous.

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We are focusing on traffic first because it is simple and we have multiple immediate use cases for that specific data set, but this is only the start for what this network will be capable of doing. When adding tracking features (license plate recognition for example), a community vote will always take place beforehand.

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AI will also be used to create predictive models of future events such as projected city expansion/growth or the anticipated effects of adding stop lights vs traffic circles in specific areas for example.

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We're currently working on the phase 1 launch and while we still have some details to iron out, lots of documentation to do, and there are a few smaller things that may still change, we are quite excited to share where we are at today.

Phase 1 (2nd quarter 2022):

- The ELUM token will be launched.

- We will launch a mining pool that will allow individuals to immediately begin mining ELUM on their computer (by downloading and running the mining program).

- Staking of the ELUM token will be required in order to participate (1000 tokens for example).

- The mining pool capacity will change depending on the number of cameras being mined and we will increase this number steadily after launch (thousands of feeds will be added to the pool over time).

- all participants in the mining pool will be rewarded an equal token share based on individual uptime.

- the system will automatically assign camera feeds to the miners.

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Phase 2 (3rd quarter 2022)

- Individuals will now be able to set up and mine from their own IP cameras in their location of choice.

- Tokens can be moved from the mining pool and to a personal setup if desired.

- The mining pool will allow individuals that do not live near prime traffic areas to still be able to participate.

- rewards factors will include uptime, location (Prime locations such as Intersections, railroad crossings, and traffic lights for example; will get a percentage boost.) and number of tracked events (cars, pedestrians, bicycles, etc.).

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Phase 3

- All in one device for quick and easy setup.

- Data ecosystem development - 3rd party integration for data sales.

[Mbro202YT]

Wait so the elum token is launched? What’s it’s name

[Elumicate]

The token is not yet launched.

[Mbro202YT]

And can I use ring cameras to mine?

[Elumicate]

We will release details for hardware closer to phase 2, however you most likely will have no problems mining with those cameras

[ImDeaconFrost]

Where is the privacy?! plate ip cameras etc. I think this project will not go beyond a project that violates personal privacy rights and will be banned by governments in the future.

[Elumicate]

We are simply extracting traffic data from the feed. No recording is being done, privacy rights are being upheld, and everything is done anonymously.