Depin, or Decentralised Physical Infrastructure Networks, integrates physical resource networks (PRNs) or digital resource networks, DRN) uses token incentives to motivate users to participate, so as to optimize the efficiency of resource utilization and provide value to network users and users.
At the same time, the sustainable development ability of the project also depends on whether its advantages can build enough moats and not be replaced by other networks, and the possible advantages include the resource capacity, density and good economic system of network nodes. In this article, we will introduce the potential investment opportunities in the DEPIN track from four categories: sensors, servers, wireless networks, and computing resources.
HiverMapper is a global decentralized map network that aims to solve the problems of monopoly pricing, uneven coverage, and uncompensated user production data in the map industry. HiveMapper closed a $18 million Series A funding round on April 5, 2022. Investors in this round include Multicoin Capital, Craft Ventures, Solana Ventures, and others.
By installing Hivemapper's dashcam, contributors can earn token honey as a reward, and can also participate in the Map AI Trainer game to enhance Hivemapper's machine learning model to get token rewards. Consumers can exchange tokens to access the map data, and ecosystem participants can benefit from the ecological network.
Honey tokens are issued on the Solana chain, with a maximum amount of 10 billion Honey tokens. Tokens are initially distributed in the following manner:
40% goes to contributors as a reward for their participation in building the HiveMapper network. The exact number of tokens minted each week is determined by the Global Map progress.
20% is given to investors to provide the start-up capital needed to launch the HiveMapper network.
20% to Hivemapper IncResponsible for building the technology and operating systems needed to run the HiveMapper network.
15% to Hivemapper Incto provide R&D and operational support for the HiveMapper network.
5% is donated to the HiveMapper Association to promote the continued management and success of the HiveMapper network.
The September 2023 update mentions that different regional weightings affect the calculation of global map progress units and the rewards that the region receives in a given time, and is based on coverage, activity, Flexibility to distribute rewards in three dimensions, keep the map wide coverage, update fast, and will not rely on any individual contributor.
The consumer side buys map credits, and as the usage increases, more honey tokens will be burned, reminted and directly rewarded to contributors who provide data, essentially maintaining user-friendliness and completing the token transfer between consumers and contributors.
It is worth mentioning that HiveMapper uses three layers of verification to verify the location of the collected images, the second of which is Helium's Long Range Wide Area Network ("LoRawan") and the other two layers are the Global Navigation Satellite System ("GNSS"), commonly known as GPS and map image quality checks.
As of November 2023, Hivemapper has delivered more than 8,000 dashcams that have mapped more than 90 countries. Contributors have mapped more than 80 million kilometers of roads, of which more than 5.7 million kilometers are unique kilometers, accounting for more than 9% of the world's roads. On average, HiveMapper contributors now map more than 800 kilometers per week.
Helium Mobile is a decentralized 5G network that enables customers, not carriers, to become network owners and operators. Helium Mobile users are rewarded for simply using their phones on the Helium 5 G network, giving consumers ownership of their mobile** and the networks that support them, ultimately creating a network flywheel effect where user data increases, which further incentivizes people to deploy additional Helium 5 G coverage, and as the coverage grows, it costs less and costs more to use the network, so the network grows, The flywheel effect of falling costs and increased use of data credits has brought this project into the spotlight.
To lower the barrier to entry and help accelerate Helium 5 G network coverage, Helium Mobile offers Helium Mobile Hotspot, which uses Wi-Fi technology to create coverage specifically for Helium Mobile users (smartphones only, no laptops or tablets), with a much lower **than CBRS radios and gateways** packages, and is also easier to set up. And because Wi-Fi technology has a shorter range than traditional cellular devices, a high-density deployment of Helium mobile hotspots is needed to help ensure that enough data is transmitted over the Helium network, which means a larger audience is needed and more engaged. Community members can also purchase professional-grade CBRS equipment and complete the setup process or work with a professional installer.
On December 5, 2023, Helium Mobile launched a nationwide contract-free $20 monthly phone** with unlimited data, calls, and texts. It is worth mentioning that Solana Mobile Saga users in the United States will receive a free 30-day subscription to Helium Mobile, allowing them to seamlessly connect to the Helium 5 G network and cooperate with 5G networks nationwide.
Mobile follows a similar minting schedule to HNT, but with a maximum ** amount of 230, 000, 000, 000 (230 B). 50 B Mobile will be managed by Helium ** when the network starts. The issuance is scheduled to be halved every two years, in line with the halving of the HNT issuance. And users can exchange Mobile to HNT on the Helium Wallet app.
DIMO is a decentralized physical system platform that allows car owners to collect, use, and monetize data from their vehicles, and developers and data consumers can build applications and services that reduce the cost of delivering better mobility products and services, putting data ownership in the hands of different users and stakeholders. By connecting drivers and their data with developers and manufacturers, DIMO can disrupt the previous business model and create value first for the business and then for the user, if any. Applications and services can only be built by a small number of companies with existing access.
In 2022, DIMO launched devices, connected cars, and $dimo tokens, with a current focus on improving vehicles**, measuring contribution by issuing $dimo tokens to data providersAdd developer tools to make device data more accessible to app developers so they can create new user experiences on DIMO. Including this year, the Dimo Mobile app added an embedded wallet and increased the quantity and quality of car data.
With the decentralization of data storage, more data on-chain (trip), and the accelerated addition of SDKs, the new application ecosystem based on DIMO will become more open. With increased decentralization, increased support for new vehicle types such as scooters, airplanes, heavy machinery, etc., and more customers, the protocol continues to mature and apply, as well as establish formal relationships with automakers.
The value of DIMO comes from three aspects: coverage, data quality and market demand, the role of the token is mainly transaction demand, governance voting, and the staking and incentives of participants, and as the usage rises, $DIMO will also be burned, so that users will get more rewards.
DIMO's official website can also see that the ecosystem is very rich, including car rental, mobile APP, hardware facilities, etc., and the picture below is the latest vehicle and trip data.
PEAQ is a Web3 network that provides decentralized infrastructure and tools for builders and users of machine decentralized applications or dapps. It provides everything you need for applications built for vehicles, robots, and devices on a blockchain network. PEAQ enables entrepreneurs and developers to build decentralized applications for vehicles, robots, devices, and other machines, while enabling users to manage and monetize these connected machines.
PEAQ allows owners of connected devices to benefit directly from the economic value generated by their assets. This model of economic benefits has also forged a wealth model that is unique to PEAQ. PEAQ's decentralized operations platform bypasses intermediaries and directly engages users and devices, allowing device owners to retain a larger portion of their assets because they no longer need to pay large commissions to centralized platforms. As a result, users who participate in PEAQ can earn more profits from their internet devices, encouraging more people to participate in the sharing economy. As more IoT devices generate economic benefits, profits will also flow and distribute among token holders, thereby stimulating transactions and driving development.
According to PEAQ's official website, tokens will be issued in 2024, which can be followed in advance.
Silencio is a community-driven platform built on the PEAQ network to address the growing problem of noise pollution in urban areas. The project encourages users to contribute hyperlocal noise pollution data by offering rewards in the form of Nosie Coins. Adopting an innovative eco-economic model allows users to actively participate in the fight against noise pollution while benefiting from their contributions. By collecting accurate, real-time data, Silencio aims to harness the power of smartphones to transform noise pollution monitoring, eliminating the need for a large number of fixed environmental sensors for noise detection. Smartphones with built-in microphones are able to measure sound levels in decibels and map ultra-local noise pollution. The platform will also offer a store where users can redeem Nosie Coin for goods and services, as well as the ability to donate noise coins to meaningful causes such as planting trees or protecting endangered rainforests.
The project announced that it will release airdrops in the future, the number of airdrops is mainly based on the sound data provided by users or the number of user referrals, upload one minute of data can get a token, and users who recommend others to use silencio will get 3% of all noise coins they recommend uploading, as well as the size and number of geographic systems covered.
According to the roadmap, the beta testing of the project has been completed and more product features, NFT auctions, etc. will be launched next, and it is planned to issue tokens in Q2 2024.
Onocoy leverages Web3 technology to build the world's densest network of GNSS reference stations, which can only be achieved through a community-driven approach, with the aim of solving the problem that infrastructure costs are high, so service providers focus on high-revenue regions and lucrative markets, as well as the redundancy of reference station infrastructure, resulting in unnecessarily high service costs due to infrastructure duplication.
GNSS has a wide range of applications, which are constantly expanding, not only for positioning and navigation on the Earth's surface, but also for determining the position of aircraft and spacecraft. The deployment of the ONOCOY network integration reference station brings global coverage and high network density, enabling the CapEx and OpEx of the reference station infrastructure to be distributed across a large community, improving the high utilization and capital efficiency of the infrastructure, while users also benefit from reduced data costs.
Its architecture is built on Solana, miners and validators who provide verified data receive ONO tokens for providing core services to the ONOCOY system, and enterprises, developers, and end-users use the data from the ONOCOY system to exchange and consume tokens, and the project is currently still in beta, using BONO tokens as test coins, and the token economy is well-designed.
The maximum amount of ONO tokens is fixed at 8100 million. Tokens are distributed as follows:
30% is allocated to the reward pool for miners and other contributors.
20% goes to the Onocoy Association DAO, which is managed by Ono token holders
Investors in two rounds of funding (10% + 10%) provide 20% to provide the start-up capital needed to launch the Onocoy system.
15% to the funding team that launched the ONOCOY system.
15% is paid to Services AG to cover employee salaries, consultants' fees, and the costs of third parties and subcontractors to set up the technical and operational systems required to run the Onocoy system.
Grass is the flagship product of Wynd Network. Wynd, which focuses on open network data, recently announced the closing of a $3.5 million seed round led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik, among others. GRASS allows users to earn passive income through an internet connection from unused network resources, solving the current problem of existing networks being run by exploitative middlemen. The network information that an individual IP address is exposed to is customized, so this data information is very important for companies such as airlines, and in many cases users are "loaning" bandwidth without their knowledge or by default, so the project aims to provide a decentralized solution that uses token incentives to encourage users to own their own bandwidth without being disenfranchised by a centralized** network, which can be used by companies and AI labs, among others.
Project Twitter has 150,000, with a certain degree of attention. The current beta version has been launched in June 2023 and is already supported for Android phones. As of November 29, 2023, there are 103, 000** and 1, 450, 000 unique IP addresses, and future token holders can receive a portion of the protocol revenue accumulation, as well as governance voting rights.
Space and Time is a verifiable computing layer that scales zero-knowledge proofs on decentralized data warehouses, providing trustless data processing for smart contracts, LLMs, and enterprises. Space and Time connects indexed blockchain data from on-chain with off-chain datasets, and employs Proof of SQL to ensure tamper-proof large-scale computation and prove that query results have not been manipulated.
Proof of SQL is a new zk-proof developed by Space and Time that allows the data warehouse to generate SNARK cryptographic proofs of SQL query execution, proving that query computation is done accurately and that both the query and the data are verifiably tampered with.
Projects allow developers to connect indexed on-chain and off-chain data, perform low-latency cached queries and large analytics jobs using SQL transformation data, transform and shape data to patterns specific to your business, publish queries to APIs and build dashboards, and zero-knowledge technology guarantees trustless delivery of tamper-proof query results to smart contracts or directly on-chain.
Space and Time has indexed Ethereum, Polygon, SUI, SEI, and Alanche, and is constantly supporting more chains, as well as Chainlink.
Project Twitter has 310,000, as a cross between the Depin track and the ZK track, has received some attention. At present, the project does not have a detailed coin issuance plan, which can maintain long-term attention.
Natix Network leverages existing cameras as "super-sensors" to collect data, protects privacy through Natix's proprietary AI and edge computing technologies, and creates dynamic maps of the real world for users to collect and consume real-time data at low cost, such as crowd size, available parking spaces, pothole locations, and more.
It aims to combine decentralized economic incentives and intrinsic motivations to break the long-term data monopoly, solve the problems of data silos, high cost burdens of users, and unfair compensation of user data, and enter the geospatial data market.
The NatiX network relies on two token types to coordinate the interests of network participants. The two token types are ILAND NFTs and fungible NTXT tokens. The Natix dynamic map divides the planet into tiles, each with a unique smart Land NFT, aka "iland NFT", which will generate passive income for holders. Any data generated by the Natix network camera will be on one of these tiles. Once this data is monetized, the tile owner has the right to collect royalties for every transaction on that tile. In addition, iland NFTs also possess governance features within the network. iland NFTs will be airdropped, ** and then traded on the market. NFT minting fees, as well as royalties from NFT transactions, will be used to grow the network and incentivize early participants. NTXT (ERC-20) is the native utility token of the NatiX network. It is used as a payment method to purchase data and iland NFTs, and can also be staked to earn yields or reduce network fees to participate in system governance.
Natix allows users to earn NTXT without having to purchase additional hardware, and to join the network and earn tokens using their phone camera. Users can earn money by using their phone's camera while driving or by exploring the map, using the camera to detect incidents (potholes, garbage, or parking spaces) and earn tokens. Enterprise data consumers are able to subscribe to and use real-time data captured by the Natix camera internet through Natix.
The total amount of NTXT is 1 billion, which will be released slowly over a period of 48 months.
The Natix Network has designed a series of incentives and rewards to incentivize users to participate in the network, including the Natix Network, which will incentivize users who provide liquidity to NTXT USDC on AMM. And to provide data detection, the data party needs to stake a certain amount of tokens to ensure that it does not do evil.
Project Twitter Followers 350,000, which is currently in the early stages, and is opening whitelist applications, and users can participate in project testing.