With the ETF in full swing and the US election campaign in full swing, the crypto market is gradually entering the field of vision of more people. The negative attitudes in the past are gradually fading, and at the same time, the crypto industry is also actively exploring a more stable path of expansion.

Compliance and rationality have always been important reasons that hinder the traditional world from entering the crypto market. With the development of the industry, the DePIN track is currently considered to be the business segment with the most potential to break through the barriers between the traditional world and the on-chain world.

The DePIN concept itself is based on the Internet of Things. Its core idea is to use virtual assets to motivate users to deploy hardware equipment and perform maintenance and operation. Its main categories are:

Physical Resource Network (PRN)

- Incentivize participants to use location-based hardware to provide unique real-world goods and services, such as WIFI (Wicrypt), 5G (Helium), geospatial data (Geodnet), energy data sharing (Powerpod) and weather information data (SkyX);

Digital Resource Network (DRN)

- Real-world physical infrastructure networks that encourage participants to use hardware to provide digital resources, such as broadband networks, storage networks, and computing power networks. Such projects are represented by Meson, Render Network, Livepeer, etc.

The reason why DePIN is different from a large number of traditional encrypted tracks is mainly because of its positive business flywheel. Most DePIN projects have the potential to export final services to the traditional world. For example, Helium can provide network services to end users, and sensor companies such as Geodnet and SkyX can provide data to data buyers. This type of commercial procurement includes a series of industries such as photovoltaics, insurance, financial derivatives, and agriculture, and its market size is at the trillion level. Therefore, DePIN projects are different from a large number of encrypted projects. They can provide services to the real world and use this revenue to feedback to participating users to achieve co-construction and win-win results. At the same time, because the physical network requires the participation of manufacturing and logistics, it also has a positive driving effect on the industrial chain, which will further change people's view that the encrypted market has no real value.

The DePIN track is very likely to become a multiplier for the entire crypto market, allowing the entire industry to enter a more constructive era, generate landing value, drive upstream and downstream industries, and thereby break through the crypto compliance network.

So have you started planning for the upcoming DePIN carnival?

DePIN Summer Carnival, you can get device tokens

How generous are the rewards for this event?

The organizer has teamed up with more than ten high-quality DePIN project parties to provide DePIN equipment and token airdrops worth $10,000! The organizer will select the recipients through a lucky draw from the candidates participating in this event.

How to participate?

Just follow the official Twitter account of the participating project and retweet the event tweet to have a chance to win $10,000 worth of equipment and tokens from 13 top DePIN projects, and embark on the road to passive income!

Activity time?

6/22 UTC 12:00PM-6/29 UTC 12:00PM

Project participants of this event

A total of 13 top DePIN project parties were invited to participate in this event:

1、SKYX

SKYX is a decentralized distributed intelligent weather network. By connecting hardware devices to the network, collecting nano-level meteorological data, and analyzing it through artificial intelligence large models, it provides accurate and standardized meteorological information to global users and creates a new meteorological data infrastructure ecosystem around the world. Currently, the industry customers served are widely distributed in photovoltaics, agriculture, disaster prevention, tourism, transportation and other fields.

2、IoTeX

IoTEX is a modular Web3 infrastructure platform built specifically for DePIN that connects smart devices and real-world data to the blockchain.

3、GEODNET

GEODNET is a public blockchain-based, token-incentivized GNSS reference station network that monitors space weather and GNSS satellite clock and orbit signals through hardware devices, collects data and uses it for centimeter-level precision positioning of RTK and GNSS receivers.

4、OYSTER LAB

OYSTER LAB creates a decentralized digital economy through the Universal Basic Smartphone (UBS). Each Universal Basic Smartphone will come with a unique Genesis NFT, and users will have the opportunity to receive daily data dividends, etc.

5、CUDIS

CUDIS, the first AI wearable DePIN product to support data ownership, is building a decentralized health platform that enables developers to build healthcare services and conduct research while allowing individuals to monetize their health data.

6、PINGO

As a medium for connecting idle computing power, PINGO effectively solves the problems of resource fragmentation and idleness. Through AI, DePIN and Decloud solutions, PINGO provides a strong computing power foundation for building AI models.

7、ROAM

ROAM is a fully decentralized mobile network that protects user privacy by combining private mobile networks and blockchain technology. Users can set up Roam nodes with a coverage area of ​​up to 10 square kilometers by applying for frequency licenses and ordering kits from Roam.

8、POWERPOD

PowerPod is a shared electric vehicle charging network driven by blockchain technology and economics. It uses token incentives to decentralize and empower individuals and entities to build a community-driven charging network, reshaping the landscape of traditional charging services.

9、MOON CHAIN

MOON CHAIN ​​is a decentralized IoT network that uses blockchain technology to facilitate

10、WICRYPT

Wicrypt is a decentralized Internet access network that provides high-speed shared network data to individuals or communities through smart devices and customized rates, enabling every user to easily access the Internet.

11、DMC

DMC is a decentralized multi-chain storage network that unlocks the potential of data. It adopts the CYFS protocol, DSG protocol and DMC protocol. It not only provides a powerful storage behavior incentive mechanism, but also has the ability to quickly retrieve and distribute large-scale data.

12、OORT

OORT is a decentralized, verifiable cloud computing platform that aims to provide trustworthy artificial intelligence applications to humanity by leveraging global resources from data centers to smartphones.

13、IAPRO

IAPRO is bringing an efficient experience of open dialogue and collaboration with AI Agent to the blockchain. IAPRO is committed to creating a prosperous ecosystem where knowledge is shared, cooperation is encouraged, and every contribution is valued.