In the current blockchain field, the decentralized physical infrastructure network (DePIN) sector is experiencing significant growth. Recently, a survey conducted by the CoinList platform showed that DePIN ranks first among the categories of projects users are most looking forward to seeing, fully reflecting the widespread attention in this field.
Against this backdrop, the L1 project focusing on DePIN, U2U Network, announces its collaboration with CoinList to launch an exclusive incentivized mainnet activity, becoming the first DePIN project to start a growth plan on CoinList in the fourth quarter of 2024.
The DePIN trend is strong, and U2U Network provides 'new infrastructure'
As one of today's most promising technologies, DePIN is robustly responding to the doubts about the blockchain industry. This technology is not a flash in the pan, but a fundamental transformation in infrastructure management. By decentralizing core services such as computing, energy, and telecommunications, DePIN demonstrates scalability, resilience, and cost-effectiveness that traditional centralized systems cannot achieve. This innovation not only drives technological progress but also creates wealth growth opportunities for groups outside the traditional economic system.
Market data shows that the development momentum in the DePIN field is strong. According to Coingecko's statistics, the market capitalization of this sector has exceeded $33.6 billion. A report released by Messari in 2023 further predicts that the market potential of DePIN could reach $2.2 trillion, expected to grow to $3.5 trillion by 2028. Currently, major DePIN projects have collectively secured over $1 billion in investments, highlighting investors' strong confidence in this field.
U2U Network is committed to addressing the fragmentation issue in the DePIN market. It adopts advanced DAG (Directed Acyclic Graph) technology, combined with EVM (Ethereum Virtual Machine) compatibility, and supports customized independent network deployment through innovative subnet technology. This architecture ensures high performance and fast certainty in transaction processing, providing developers with efficient tools to build and launch DePIN, while enabling users to connect, contribute, and earn from various DePIN projects.
Based on strong technical strength, U2U Network has successfully attracted investment from numerous top institutions, including Kucoin Ventures, Chain Capital, IDG Blockchain, and has gained support from strategic partners such as JDI, Cointelegraph, Crypto Assets Japan, and V3V Ventures.
Jointly launched the mainnet incentive program with CoinList
As a globally leading token issuance and distribution platform, CoinList has successfully incubated several star projects including Filecoin, Near, and Solana. After successfully supporting peaq, U2U Network has become the first DePIN project to launch a growth plan on the CoinList platform in the fourth quarter of 2024, marking the platform's continued optimism for the DePIN track. The U2U mainnet incentive activity (U2U Incentivized Mainnet Saga Campaign), as the core of this collaboration, will provide the following participation opportunities:
Activity Period: 90 days (from November 12, 2024 to February 10, 2025)
Reward Scale: 10 million U2U tokens
Participation Method: Bridge USDT through Owlto Finance to obtain pUSDT and stake it
Future Outlook
In addition to its collaboration with CoinList, U2U Network will also partner with the cryptocurrency exchange Bitget to further expand its ecosystem influence. Moreover, the project plans to complete its official listing in the fourth quarter of 2024, continuing to promote innovation and application of DePIN solutions.
*Note: The U2U incentivized mainnet activity is not open to residents of the United States (and its territories), Canada, and other specific jurisdictions. Investors should fully understand the related risks before participating and comply with the laws and regulations of their respective regions.