Emrit’s V1.0 Product launch and CoolSpot host sharing economics
Building the world’s fastest-growing IoT Network along with our partners using Helium Blockchain and LoRaWAN
#TeamEmrit is very glad to announce the launch of our V1.0 Enterprise application and also our host economics after being in stealth mode for over 1 year. We are also formally announcing the world’s first #HardwareDrop where Emrit will give its CoolSpot (Hardware + Software + Customer support) for free to members who sign up to become a host through the emrit.io website. The only thing the host needs to do is plug in the CoolSpot and connect it to their wifi or ethernet and they will start mining HNT cryptocurrency for the wireless network coverage it provides for two to five miles.
Emrit’s CoolSpot powers the Helium Network and this global network already has more than 10,000 gateways in a little over 1 year of launch and is the fastest-growing wireless network in the US. It is even expanding faster in Europe within a few weeks of deployment. Emrit is one of the very first to start building a Helium network and powered up Atlanta along with SFO and Austin with 100 CoolSpots in August 2019 alone. Now Emrit is powering the Helium network across the US in most states and started powering the UK in the first month of launch itself.
We are committed to massively build out THE GLOBAL IoT NETWORK along with our hosts, other hotspot owners, patrons, Partners, and together we are building #ThePeopleNetwork.
Host Sharing Economics:
We also want to take this opportunity to announce our economics model of sharing the HNT mined to our CoolSpot hosts. Starting October 01, 2020, all our existing hosts and new hosts will earn 20% of HNT mined from the Emrit CoolSpot they host and they will be paid monthly using Emrit’s Mass Pay tool that uses Helium blockchain technology to make the payment instantly (within few minutes) at only fraction of the cost of ACH. All our hosts are eligible to refer other hosts and they will get 5% of the referred hosts earning for the first year. Every host will have its own referral link from Emrit’s portal and can track how many total hits, unique hits, conversion, etc. right from the portal and also how much they earned from each of the referrals.
Emrit is also committed to increasing the host sharing to 25% by end of 2021 and to 30% by end of 2022 and we will try to accelerate the host sharing economics if possible.
Host Earnings Dashboard
Referral Management Dashboard (Map will get filled as referee signs up)
Regional Deployment Program:
We are also excited to announce our flagship program called Regional Deployment Partners (RDP) program where an individual or entity can apply to Emrit from our website. If selected after an interview process, they can power their city, state, region, or even a small country and provide 100% network coverage to enable use cases. RDP is a business platform that enables entrepreneurs to bring various use cases to life with ZERO upfront cost since Emrit is providing the hardware, software, and customer soft. Moreover, Emrit is developing RDP dashboards, tools, coaching, and mentoring as part of this business platform. We are looking to enable 100+ entrepreneurs into this program over the next year and bring hundreds of use cases to life across the globe. Eligible RDP’s will also get growth capital to further grow their business and provide IoT services to its or Emrit’s customers. A vast majority of our international expansion is expected to happen through the RDP program. As a matter of fact Eterna Capital, a blockchain-focused investment firm is one of our RDP who helped us to spread fast into the UK in a short period of time. If you are interested in powering up your city or state or a specific region in your country please apply from our website or directly at http://bit.ly/emritRDP and you will be selected if qualified by our selection committee. RDP is operated like a B2B2C model and will be used as a primary vehicle for Emrit to expand into 150+ countries. Hosts will always earn 20% of HNT mined either they signed up directly with Emrit or went through one of our RDP’s programs.
Daily & Monthly earnings chart (RDP’s & Host’s can see total rewards or by each component of rewards and find opportunities to improve earnings)
If you prefer to buy your own hotspot you can do that as well by visiting https://www.helium.com/store or https://www.calchipconnect.com/collections/networks/products/rak-hotspot-miner. Right now hotspots are manufactured and shipped by RAK / Cal-Chip Connected Devices. Very soon it will be supported by many other 3rd parties along with Emrit. Emrit being an early business to grow on the helium network will always strive to be the leader in bringing quality service and adoption to the Helium network through its learnings and experience. Our hosts and RDP’s will have the tools and support to grow.
Version 1.0 released today is a comprehensive enterprise application with multiple modules purpose-built for Helium Blockchain to support the massive growth of THE GLOBAL IoT NETWORK. V1.0 is built over the last several months based on solving practical problems we faced as we deployed hundreds of CoolSpots during the stealth mode. Below are the key modules that are available as part of the V1.0 release
- e-commerce and order management system for the host to sign up and order CoolSpot and accessories
- Inventory management system for managing CoolSpot inventory & Shipping
- Host earnings dashboard, charts, and drill-downs to the underlying transaction in the blockchain
- Referral management system
- Mass Pay of HNT earnings every month for thousands of hosts
- Installed base of all CoolSpots with online/offline status and with automatic alerts when a CoolSpot goes offline
- Comprehensive administrative dashboard to manage thousands of installed CoolSpots, hosts, and supply chain
You can read the complete business plan of Emrit to build THE GLOBAL IoT NETWORK of the future at https://emrit.io/links/business-plan. This is a once-in-a-lifetime opportunity to build a global physical infrastructure.
Let us built this together!
Note: Please read the terms and conditions for the host and RDP sign-up process by visiting our website Emrit.io.
