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AquaSave’s unique product not only saves water, it earns money too
Whether it’s half-time during an England game, or the credits are rolling on EastEnders, the British have the monitoring of their power grid down to a fine art. When the UK gets up off the couch to pour its collective cup of tea, the necessary power is often queued up across the Channel in France. Understanding and predicting the stress on its electrical grid is exactly how the Brits avoid power cuts during peak TV time.
Now while missing a cup of tea is not a matter of life and death, losing access to freshwater certainly can be. We humans could surely benefit from better freshwater management, a vital resource that’s in surprisingly short supply for such a wet planet. Freshwater accounts for less than 3% of Earth’s water, with only a fraction of that supply considered safe for us to drink. Phenomena such as rising temperatures, droughts, wildfires and increased urbanization continue to place our reserves under immense stress. Better understanding the sources of this stress and capitalizing on actionable data, is the key to making sustainable progress on this challenging problem.
Through an innovative blend of IoT, blockchain and community participation, AquaSave’s DePIN solution is focused on doing just that. AquaSave just launched the presale of their first product, offering you the opportunity to make an impact on what could soon become the biggest challenge of our times. And compared to other DePIN devices on the market, this one has a very unique ROI model.
Water scarcity is predicted to become our number 1 problem by 2030, at which point demand looks set to overtake supply. The implications of this unfortunate milestone reach further than a lack of drinking water. As our populations continue to grow at an alarming rate, the amount of water that’s needed for food production also grows at a rapid pace.
Urbanization and industrialization play a big role in the contamination of surface level freshwater, but another issue occurs much closer to home: cold water waste. The simple act of letting cold water flow down the drain while we wait for our heaters to kick in is an incredible source of waste. Some studies show that up to 23% of water could be saved at city-wide levels if we were to be more careful with this waste. And while perfectly good water trickles down the drain before it has a chance to be heated, our water bills continue to rise and rise.
So while solutions to issues like global warming and overpopulation seem increasingly out of reach, what can be done is to try and ensure better management of our resources, be that on a personal, enterprise or governmental level. AquaSave’s DePIN ecosystem aims to aid each particular segment with simple tools to tackle unnecessary water waste, while also providing access to real-time data for key decision makers.
Based in Madrid, Spain, AquaSave is the brainchild of several smart minds, including CEO and Cofounder Sergio Marquez.
AquaSave’s visionary solution has been well received in the DePIN community and was a recent recipient of the Climate Award during this year’s Solana Renaissance global hackathon. From a high level point of view, AquaSave is focused on growing the smart water measurement market, which was estimated at around $3.7B in 2022.
In order to make a splash in the smart water measurement market, AquaSave has placed its focus on a core group of decentralized water savers. Thanks to their intelligent AquaBank recirculation pump, AquaSave can leverage the water usage data generated by these participants to enable real-time monitoring of quality and consumption. The immediate incentive for AquaBank owners is the amount of savings they can expect to see on their water bill. The AquaBank also doubles up as a token miner for AquaSave’s upcoming $AQC token. Considering the impact of this dual incentive model, it’s easy to see how AquaSave plans on growing the supply side of its ecosystem.
In line with their mission to change the way the world utilizes water, AquaSave identifies two core business streams: device sales and data. The concept of device sales is pretty straightforward, and as we’ll see below, the AquaBank offers a unique ROI potential for people looking to earn in DePIN. Homeowners are an obvious choice here, although when you add in professional services, several other potential clients can be reached such as plumbers, architects, and construction companies.
It gets more interesting once you shift the focus from the AquaBank’s mechanical aspect to the aggregated data that gets generated. Blockchains can help provide transparent and verifiable data and with the uptick in real-world assets, we’re likely to see a move to blockchain-based ledgers to manage carbon credits and other forms of energy resource management. AquaSave is perfectly positioned to tap into a massive dataset of real-time water information. This opens the door to AquaSave’s concept of transparent and verifiable Water Footprint Certificates, secured by Solana.
According to AquaSave, approximately 10,000 liters of water can be saved per person, per year, which is equivalent to a 100kg CO2 footprint reduction. Factoring in water savings data into carbon credit markets not only gives an environmental boost, but can be economically interesting to companies around the world. A verifiable blockchain-based certificate is ideal for this purpose.
So what’s the machine that makes this all possible?
AquaSave’s flagship product is the AquaBank, a recirculation pump that prevents water waste while heating up, stopping the unnecessary flow of cold water down the drain. The AquaBank can be installed under any sink without costly installation or reconstruction and links directly to AquaSave’s mobile application over Bluetooth.
The unique thing about this product is that compared to other DePIN projects, your return on investment is not based solely on the success of the crypto project, but also on the actual water savings that you can benefit from.
So how does it work? Well it’s quite simple really. Water circulating from the boiler cannot pass to the tap until it reaches the desired temperature. Instead of allowing this cold or lukewarm water to go wasted down the drain, it’s circulated back to the boiler to increase its temperature. The cycle continues, keeping water in the system until it’s actually ready to be used.
Using AquaSave’s mobile app, the water can be heated remotely or through a schedule. In addition to controlling the physical flow, the AquaBank can help with leak detection, while the data can provide insights into metrics like water quality, pressure, temperature and consumption. The potential savings can mount up to thousands of liters of water per year. Good for the environment, even better for your water bill.
The AquaBank presale begins on June 10th at 1pm CET. Only 1,000 units will be available during this presale and price is €549, which is just under $600 USD at the time of writing. You can get direct access to the presale by following this link: https://aquasave.io/buy-and-earn/
Once you receive the AquaBank, you can immediately install it to enjoy water savings. The $AQC token rewards are scheduled to arrive later this year. What’s interesting about getting in early on this presale is that owning an AquaBank at the time of the token generation will double your AquaPoints. More on that below.
With that in mind, let’s take a look at AquaSave’s tokenomics.
AquaSave is an early stage DePIN project and their token launch is still in the works. What we know so far is that $AQC will go live on Solana, probably sometime around Q4 2024. The details of their tokenomics however are still preliminary and are scheduled to be improved very soon.
Like several other DePINs, AquaSave will use a Burn and Mint mechanism with its $AQC token. As the project matures, this mechanism will play a key role as tokens will be burnt in order to mint AquaSave’s water footprint certificates. More details on the Burn and Mint process can be found here.
The token reward mechanism is built upon AquaSave’s Sustainable Consumption Proof (SCoP), an algorithm that’s been designed to verify and reward efficient water use in households. 36% of the global token supply serves to reward AquaBank owners using this SCoP model. As for the rest of the tokens, AquaSave shared this pie chart that offers more clarity as to how the distribution will be split.
Regarding the 5% set aside for an airdrop, here’s the alpha: AquaSave is putting a points based system to use. Owners of the AquaBank presale devices get their AquaPoints multiplied for every device they purchase. So 1 AquaBank multiplies points by 2, 2 devices multiplies points by 3, and so on, up until 5 devices.
It’s a jackpot for Bed and Breakfast owners!
Perhaps the most interesting thing about this project is that users who purchase an AquaBank need not worry too much about the success of the project. Compare this to other DePINs where a flawed execution could leave you with redundant equipment. In this case however, your AquaBank will continue to save you money each time you turn on the tap. It’s a unique value proposal in DePIN at the moment.
AquaBank is the first product in the AquaSave ecosystem, and according to their docs, there are more products on the horizon such as Aqua Meter and Aqua Sense, a device designed for monitoring the quality of the water supply. How AquaSave does fare over the long run will depend on how they monetize their data, more so than the number of units they sell.
The roadmap is planned out for the next 12 months with plenty of important milestones along the path.
If you’re onboard with the mission and are excited to learn more about AquaSave, the best place to begin is over on the Aquasave Docs site. There you’ll find much more detailed information about the tokenomics, installation, roadmap and more.
However, before you rush off and purchase a device, you should first check the installation dimensions. AquaSave suggests that the best place to place the device is under the bathroom sink and you’ll need to ensure sufficient installation space:
If you really want to get an AquaBank but are concerned about the installation, it might be best to ask your local plumber for help. If not, you’ll soon be rethinking the meaning of liquidity pools! Further details about installation can be found on their compatibility guide.
Once you’re ready, head on over to the AquaBank Presale page and grab yourself one of the first 1,000 units.
Besides purchasing and installing an AquaBank device, there are plenty of other ways to join in and contribute to the community. Alongside the AquaPoint multipliers mentioned earlier, the team is also allocating points for engaging with their tweets and participating in AMAs, contests and other events.
AquaSave has a lively Discord server and posts regular updates on X (Twitter). And of course you can keep updated on their project page right here on DePIN Hub.
The AquaSave team has honed into one of the biggest issues of our times. This is precisely where DePIN excels: Using innovative approaches and community efforts to take a shot at real world problems.
The sad truth is that we’re so focused on our personal struggles that we often ignore the importance of society’s bigger issues. DePIN is especially useful as it plays directly into the incentives that drive our personal behaviors. But through powerful narratives and engaging communities, DePIN orchestrates people to tackle the world’s most pressing issues.
Given the challenge ahead for global water management, hopefully AquaSave and its participants can contribute in a meaningful way. Will you play a part too?
Jason Glynn is a resident researcher of DePIN Hub. He's well-versed in writing deep dives and objective research on complex topics in DePIN and Web3, as well as other emerging tech. For projects interested in having a research report written, DM us at @hotspotty on X.
