jakiro
Looking back at the encryption market in the past year, many participants are surprised.At the end of 2022, the market fell into despair after the FTX mine. With the release of leverage and panic, it began to bottom out.At that time, everyone thought it was only a rebound in the deep bear. I did not expect that Bitcoin could exceed the 50,000 mark in just one year. Many cottage coins rebounded by dozens or even tens of times from the bottom.
I am afraid that the devout encrypted believers will not imagine that the market rebound will come so violent.
In the process, there are many hot topics and tracks in the market. The explosion of hot spots provides the driving force for the market, such as inscriptions, RWA, Bitcoin ETF, MEME, modularization, and so on.Especially since the end of last year, the inscription has become the most watched DEPIN at the moment. If the inscription is the carnival of Asian retail investors, then DEPIN is the “darling” of European and American capital.
According to COINGECKO, as of February 2024, the DEPIN sector has a liquid asset size of more than $ 16 billion, and MESSARI Report predicts that the market size of DEPIN is expected to reach US $ 3.5 trillion in 2028.
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The information comes from Coingecko, data as of 2024.2
DEPIN is the abbreviation of decentralized physical infrastructure network (Decentralized Physical Infrastic Networks).To put it simply, DEPIN is based on the blockchain, using the token incentive to allow users to participate in the construction of the network and the large -scale deployment of hardware to form an infrastructure network.
Many people see that there will be doubts in their hearts. Didn’t these concepts do projects a long time ago?Such as Filecoin, Helium, Arweave, theta, etc., is it this time the packaging concept?Some people even take the concept of IMO (first mining machine distribution) a few years ago and compared with the current DEPIN, such as CX -based projects, questioning DEPIN is the so -called packaging concept selling machine.
The opportunity of the depin track
Compared with the inscription track, it is driven by the consensus of retail investors from bottom to top. The construction of infrastructure networks is usually top -down. The production and participation of hardware means that the DEPIN project needs to be sufficiently supported by the early capital to ensure the hardware to ensure the hardware.It is wider to be able to build a strong network coverage, which requires a lot of funds and long -term investment.
Compared with traditional infrastructure providers, native Web3 companies usually do not continue to build so much funds.Early teams could only attract users to participate in hype through “issuing coins” and “selling mining machines”, obtained funds, and then revenue to draw money.
If it is in the bull market cycle, this method can be circulated forward, the price of mining machines and currency continues to rise, and participants have higher returns to attract more people to participate.However, the encrypted market has changed quickly. In the last round of the bull market, many project parties encountered a bear market before they sold it. In the face of leaving a bunch of chips and mining machines in their hands, there was no dilemma that could not ship without liquidity.
Many participants also face the equipment in their hands every day, and Feifu can only produce a bunch of useless “points”.Therefore, most of users who participated in such projects in the previous round of bull markets did not get a good return, and even those who participated later were even more bloodless.This also caused many “coming people” to sneer at DEPIN and the definition of the Ponzi scam.
There is an old saying that “one step ahead is a pioneer, and three steps ahead are martyrs.”There is no doubt that there is no capital blessing and no ability to make hematopoietic. The infrastructure is almost equal to zero. It is only relying on the tokens to maintain the project and encounter a bear market. These project parties and participants have become “martyrs”.
I think the hotness of this time is mainly due to the two points, improvement of fundamentals and capital attention.In the final analysis, the time is right.
DEPIN has gradually been applied from the “speculation concept to sell mining machines”, and its value has been gradually recognized by the market.The most representative project Helium has been successfully transformed, deeply bound to Solana, and the Helium Mobile, which has been launched in another furnace, has recently launched the US $ 20 unlimited call traffic package in the United States.The decentralized GPU rendering network RNDR also cooperates with giants such as Apple, Microsoft, Google, Nvidia, and Disney.The improvement of fundamentals means that this track is no longer just the empty tower.
The hype of any new technology is inseparable from the promotion of capital.Before 2022, there was no overall definition of the entire DEPIN track. The classification of the project was also decentralized Internet of Things, decentralized storage, decentralized calculation, and so on.Until the end of 2022, MESSARI officially proposed the concept of DEPIN through voting, and then judged that DEPIN will be one of the most noteworthy tracks in the next decade in the next ten years.The entry of capital has made DEPIN develop rapidly. At present, more than 600 DEPIN projects are counted.In the warmth of the market, the venture capitalists have begun to be active, and there are countless new investment and financing in the field of DEPIN.
Regardless of the blockchain, even the Internet of Things platform, big data, cloud computing, AI, VR, AR and other technologies, which are currently used on a large scale, have actually experienced the repeated cycle of hot frying and breaking.Therefore, we should not have a big bias for one thing because of the past.
How to choose and participate in the DEPIN project?
Even if the entire sector has increased significantly now, the entire track of Depin still belongs to the early stage, and the development of DEPIN is from top to bottom. The project party needs to continue to cultivate.Not to mention an inexplicable myth.
There are two ways to implement the specific implementation to investment.One is short -term speculation. By currently the entire market is hot, and there is a trend escort to buy some DEPIN project tokens.For example, FIL, HNT, RNDR, AR, AKT, etc. have a big header with good liquidity.There is no need to buy equipment in this way. There is no need to consider returning to this cycle. It is more flexible to stop profit and stop loss. The disadvantage is that it is easy to step on.
Another is that if you are optimistic about the potential of the DEPIN track and believe that this track may be a large narrative like DEFI and the public chain, then deeply participate in some new projects with good fundamentals and continue to buildFluctuations, Bo a growth income.
This disadvantage is that it takes time and energy for a long time, and if the selection is improper, the project will not harvest at the end.Therefore, how to make choices in hundreds of items is very important.
We can pursue the use of doctrine and let the agency help us to screen one first.Many institutions and rating media will release some lists for investors’ reference.These lists will screen some high -quality or well -known projects of the same track.As long as we analyze several items in the list, in the end each section selects the highest quality of 1-2 projects to participate, and avoids ourselves to the sea to catch the needle.
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Taking Wireless as an example, a total of 5 items were listed in the WiFi sector, namely Metablox, WiFimap, Wayru, Wicrypt, WiFi Dabba.(Data is based on 2023/12)
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Wayru, Wicrypt, WIFI DABBBA is mainly used as a wireless network (such as Latin America, India), the community is small, and infrastructure construction is relatively slow.
WiFi Map has the largest number, but its function is similar to the 3.6 million key key. It has no hardware equipment support. The main profit method is subscription and advertising. The team’s web3 operation experience is weak.
The most potential in this is Metablox, which is committed to establishing a global WiFi open roaming network. By giving users a decentralized logo (DIDS) and corresponding verification vouchers (VCS)Ability to provide the public with enterprise WiFi roaming.
The main members of the team are located in Canada, and the seeds are led by well -known North American institutions Synergis, and many institutions such as Depinlabs, Collab participated in.
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Metablox is one of the 11 companies providers of the Identity Provider (IDP) of the Wireless Broadband Alliance (WBA) OpenRoaming, and it is also the only web3 company in it.
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The information comes from the official website of WBA OpenRoaming
Thanks to the innovative model of web3, MsTABLOX has been deployed in 100+ countries around the world in just two years.The second in the world.
Users can also share more than 3 million wifi nodes deployed by companies such as BOINGO, Cisco, Global Reach, etc. in the OpenRoAMING League, and can conduct convenient and secure WiFi connections around the world to achieve freedom of online roaming.
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The information comes from Metablox, data as of 2024.2
In the entire Wireless track, other competitors either live in one area and only open up in some areas, or they are “half -way monks” and hope to point the heat of DEPIN. Metablox is a pure web3 project.And through its own strong strength and powerful partners, it quickly expands the deployment of infrastructure, so that the product can really be used.
Metablox token economics
In the field of DEPIN and even the entire encryption market, the most tricky challenge is the impact of token price fluctuations.Unlike traditional enterprises, most of them are allowed to be listed after developing to a certain scale and good profitability. The DEPIN project often uses the issuance tokens as an incentive to encourage participating users and operators to invest in related hardware.
This approach can provide participants with initial economic compensation and small investment returns, inspiring them to continue to run before the Internet has failed to maintain themselves through user costs.With the development of the Internet and the expansion of scale, the project is expected to reach scale economic benefits.
However, the price fluctuation of the tokens itself may become a factor that hinders users from participating in the DEPIN project.The main driving force for users is profit: Although the DEPIN project proposes a clear value proposition, the market performance of its native token is still a key factor that attracts and retains users.
As the participants obtained the native token of the project as a reward, the instability of the price may directly affect their profit.The rise in tokens is often more likely to attract users who are interested in market rising trends.On the contrary, the decline in the value and profitability of the tokens may promote some participants to leave.For those tokens with low market value and poor liquidity, this situation is particularly severe and may trigger a series of death screws. This appears in many previous DEFI (including GameFi and DEPIN) projects.
As a medium to pay the network service fee, the price fluctuations will also affect the user.If the price of tokens rises sharply and the service costs have not been adjusted accordingly, that is, the threshold is too high, which may cause potential users to dare not participate.Therefore, there is a stable token economic system and operating model that is essential to alleviate the impact of price fluctuations.
Metablox’s token economy model contains the following three elements:
Mpoints Points: In the Metablox token system, MPOINTS plays a core role. Users can obtain it by participating in network construction, Check-in-to-Earn: punch card earning points, etc., or directly buy and exchange with Metablox collaborators.EssenceSubsequent MPOINTS can also be exchanged for governance tokens in the form of staking, destruction, etc.
Governance tokens: Users can obtain governance tokens through multiple channels, such as pledge, participating in activities or receiving airdrops.These tokens are mainly used to verify network services, participate in community governance, and obtain operation authority.
Metablox NFT: NFT issued by the Metablox Foundation can be bound to specific mining devices.Users holding NFT can obtain MPOINTS by pledge NFT, and NFT also provides special identities in the community for their holders.
There are complex and multi -level swap mechanisms between these tokens: MPOINTS can be exchanged for governance to tokens by pledge, and Metablox NFT can get MPOINTS rewards by pledge.This design constitutes a complex and closely linked token ecosystem.
Mingpai airdrop & amp; participation method
At present, Metablox has not been issued, which is early.And the official Ming brand announced the airdrop and can participate for free.
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Go to the application market to get Metablox.Apple needs overseas ID, and Android needs Google Store.
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You can get MPOINTS rewards according to the process of adding WiFi, and you can get Mpoints every day.
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DEPIN uses a distributed transparent system to improve the scalability and operating efficiency of infrastructure in accordance with the principles of the cryptocurrency industry.This type of project applies token economics, collects crowdfront resources such as storage capacity and computing power, and does not need to invest a large amount of initial capital.It has potential application scenarios in all walks of life, indicating huge potential markets.
In the process of popularization, there are still many challenges such as product experience, the establishment of the moat, the compliance of regulations, and the shortage of talents.DEPIN cannot completely replace the centralized network in the short term, so it is likely to coexist with traditional infrastructure providers.In the long run, whether it is reduced, innovation or use of idle resources and money flow, the emergence of DEPIN will have a profound impact on the market.
For our ordinary investors, the best choice is to adapt to the trend when the air outlet comes, and let go of his bold participation.Keep a sense of rational pumping in time when the market is overheated.
