#DEPIN is a hot track that all institutions in this bull market are paying attention to, and it is also our key layout area. Today, let’s talk about the upcoming DePIN star project @CESS_Storage. It was the first place in the Web3 Global Hackathon and received three funding from the Web3 Foundation. DWF Labs led the investment of 8 million US dollars and recently opened the computing power subscription and test network. Inspiring and worth looking forward to!#内容挖矿
Detailed description below
#CESS was founded in 2019. It is a Layer1 based on#DePINdesign, compatible with WSAM and EVM smart contracts, and supports encrypted native applications to be launched directly on the CESS chain. It promotes on-chain data sharing, DAPP development and efficient networks through global node deployment.
The team proposed a solution called FMD-CESS at the Global Web3 Hackathon Competition and won the championship with high scores. It has been promoting the promotion of the CESS network for 5 years!
#CESS aims to be the first decentralized cloud storage network for enterprise-level commercial applications, developed based on the Substrate open source framework. It adopts a four-layer network, including node types such as storage, consensus, cache and retrieval, to provide users with efficient and convenient cloud storage services.
Currently, users can provide storage space and hardware resources to become nodes, and receive#CESStoken rewards for mining. After the mainnet goes online, they will receive#CESSrewards simultaneously.
#CESS Cloud Storage Advantages:
-Distributed encrypted data storage
-Multiple copies (system defaults to 3 copies, more available upon request)
- Encrypt slice data and randomly distribute it across multiple nodes
-Data security transactions
-Protection of rights and interests of data owners
-Competitive cost and storage resources are provided by miners from all over the world
-Meet enterprise-level storage needs
Team background:
Nicholas Zaldastani, the founder of CESS, is a graduate of Harvard Business School and a resident author of Forbes. He is the boss of many listed companies and venture capital institutions in North America. He belongs to the Harvard alumni group along with many well-known Crypto companies such as @Gemini, @worldcoin, and @galaxyhq.
Financing background:
In the latest round of US$8 million in financing, CESS has received support from @DWFLabs, @Web3foundation, @Ventures_HTX. Among them, DWF Labs was the first to release the PR news and became the main lead. It is expected that DWF Labs will become the main lead of#CESSin the future. Market makers are not far away from issuing coins.
Market value analysis:
Combined with recent DePIN projects such as #Helium, #Livepeer, #DIMO, #IoTeX, etc., the future market value of#CESSis expected to be conservatively between 500 million and 1 billion, considering that DWF will be the main operator + the capital will not unlock it in the next two years after the currency is listed. , then the room for growth in the first two years may be further expanded, after all, there are fewer circulating stocks in the early stage. (Picture from Chain Catcher)
There are currently three ways to get involved early:
1. For ETH holders:
You can directly participate in the project's official cloud mining (similar to node computing power) plan, and the cooperative server operators will help deploy and generate daily#CESSincome after the mainnet goes online, which is somewhat similar to Gala back then. At the same time, you can also get 10% direct commission by inviting friends to purchase.
Portal: https://cess.cloud/daocm?code=qWS6HMKz
2. For miner players:
You can deploy your own hardware equipment and participate in the project's storage or consensus plan mining. The relevant hardware requirements have been officially announced in the technical documents, and mining rewards will be announced regularly on Twitter. In the project's TG group, there are also employees from AWS and Tencent Cloud and ambassadors from the project side, providing deployment Q&A services online.
https://x.com/CESS_Storage/status/1756928547535651125?s=20…
Hardware requirements: https://docs.cess.cloud/core/storage-miner/running
3. For community players:
-You can apply to become the global community ambassador of the project, complete tasks regularly, and receive clear airdrops;
-Join the project's cloud computing power/mining rebate plan, generate your own invitation link, share it with partners, and earn 10% ETH direct rebate
Portal: https://cess.cloud/daocm?code=qWS6HMKz
Summary: In the future, the explosion of the Web3 application layer, including Social, Gamefi, NFT, META, etc., will bring many challenges and huge demands to decentralized storage. #CESS, as the star project about to issue coins in the Depin track, will provide the Web3 market with better solutions for data security storage, data privacy protection and data confirmation, and will promote the better and faster development of Web3.
Portal: @CESS_Storage
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