Mining AICoin Investment Opportunities in the Depin Track

DePIN, which stands for Decentralised Physical Infrastructure Networks, incentivizes users to participate in optimizing resource utilization efficiency and providing value to network users and users by incentivizing physical resource networks (PRNs) or digital resource networks (DRNs) with tokens.

The opportunity of the track lies in the ability to fully utilize idle resources, break the drawbacks and bottlenecks of centralized service providers, and the sustainable development of the project also depends on whether its advantages can build a strong moat to avoid being replaced by other networks. Possible advantages include the resource capacity, density, and a sound economic system of network nodes. This article will introduce potential investment opportunities in the DePIN track in four categories: sensors, servers, wireless networks, and computing resources.

Hivemapper

Link: https://app.trendx.tech/projects/8883606edab53f21123a1c731cd7180f5a93de0ba6736f17340c93ce3df165c7

Hivermapper is a global decentralized map network aimed at solving the problems of monopoly pricing, uneven coverage, and uncompensated user-generated data in the map industry. Hivemapper completed a $18 million Series A financing on April 5, 2022. Participants can capture high-quality street images with Hivemapper's dashcam and earn Token HONEY as a reward, as well as participate in the Map AI Trainer game to enhance Hivemapper's machine learning models and earn token rewards. Consumers can exchange tokens to access map data, and ecosystem participants can benefit from the ecosystem network.

The HONEY token is issued on the Solana chain with a maximum supply of 10 billion HONEY tokens. The tokens are initially allocated as follows:

40% to contributors as a reward for their participation in building the Hivemapper network. The exact amount of tokens minted weekly is determined by global map progress.
20% to investors to provide the startup capital needed to launch the Hivemapper network.
20% to Hivemapper Inc. for the technical and operational systems required to build and operate the Hivemapper network.
15% to Hivemapper Inc. for research and operational support for the Hivemapper network.
5% donated to the Hivemapper Foundation to promote the ongoing management and success of the Hivemapper network.

Hivemapper uses a detailed method—global map progress—to fairly reward contributors worldwide, and this method is continuously improved based on community suggestions. The September 2023 update mentioned that different regional weights will affect the calculation of global map progress units and rewards obtained in a given region within a certain period, and rewards are distributed based on coverage, activity, and resilience to maintain broad map coverage, fast update speed, and not rely on any individual contributor.

Consumers purchase Map credits, and as the usage increases, more Honey tokens will be burned, reminted, and directly rewarded to data contributors, essentially maintaining user friendliness and completing the token transfer between consumers and contributors.

It is worth mentioning that Hivemapper uses a three-tier verification to verify the location of the collected images, with the second tier being Helium's long-range wide-area network (LoRaWAN), and the other two tiers being the Global Navigation Satellite System (GNSS), commonly known as GPS, and map image quality checks.

As of November 2023, Hivemapper has delivered over 8,000 dashcams, which have mapped roads in over 90 countries/regions. Contributors have mapped over 80 million kilometers of roads, with over 5.7 million kilometers being unique, accounting for over 9% of global roads. On average, Hivemapper contributors now map over 800 kilometers of roads per week.

Helium Mobile

Link: https://app.trendx.tech/projects/bb78f047cb52bc270dd950a3da8f10335729e0204c2649ddb6d075fff18abe2d

Helium Mobile is a decentralized 5G network that enables customers (rather than operators) to become network owners and operators. Helium Mobile users can earn rewards simply by using their phones on the Helium 5G network, allowing consumers to own their mobile plans and the network that supports them, ultimately achieving a network flywheel effect, increasing user data, and thus incentivizing people to deploy additional Helium 5G coverage. As coverage expands, network costs will be lower, and more spending will occur, leading to a flywheel effect of network growth, cost reduction, and increased data credit usage, making this project highly anticipated.

To lower the barrier to entry and accelerate Helium 5G network coverage, Helium Mobile offers Helium Mobile hotspots, which use Wi-Fi technology to create coverage specifically for Helium Mobile users (limited to smartphones, not laptops or tablets). The price of mobile hotspots is much lower than CBRS radios and gateway bundles, and they are easier to set up. Additionally, due to the shorter range of Wi-Fi technology compared to traditional cellular devices, a high density of Helium Mobile hotspots is needed to ensure sufficient data transmission through the Helium network, meaning more audience is needed and it is easier to participate. Community members can also purchase professional-grade CBRS devices and complete the setup process or work with professional installers.

On December 5, 2023, Helium Mobile launched a nationwide $20/month contract-free mobile plan in the United States, offering unlimited data, calls, and texts. It is worth noting 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 5G network and collaborate with the nationwide 5G network. In addition, Solana Mobile Saga users can also receive token rewards from other projects in the Solana ecosystem, achieving a positive network flywheel.

MOBILE follows a minting schedule similar to HNT, but with a maximum supply of 230,000,000,000 (230B). 50B MOBILE is allocated to the Helium Foundation at network launch. The issuance plan halves every two years, consistent with the HNT issuance halving. Users can also exchange Mobile for HNT in the Helium wallet app.

DIMO

Link: https://app.trendx.tech/projects/65388bb80af665bee720c1e4ab8a0c82b521a5a47ff4557b502aecade6c9be07

DIMO is a decentralized physical system platform that allows vehicle owners to collect and profit from the data in their vehicles. Developers and data consumers can build applications and services to lower the cost of providing better mobile products and services, and transfer data ownership to different users and stakeholders. By connecting drivers and their data with developers and manufacturers, DIMO can disrupt the original business model, creating value for businesses first and then for users (if any). Applications and services can only be built by a few companies with existing access.

In 2022, DIMO launched devices, car networking, and the $DIMO token. The current focus is on increasing vehicle supply, measuring contributions by issuing $DIMO tokens to data providers, adding developer tools to make it easier for app developers to access device data so they can create new user experiences on DIMO. This year, the DIMO Mobile app added an embedded wallet and increased the quantity and quality of car data.

As data storage becomes decentralized, more data is put on the chain (trips), and SDK acceleration is added, the new application ecosystem based on DIMO will become more open. As decentralization increases, support for new types of vehicles (such as scooters, airplanes, heavy machinery, etc.) increases, and more customers join, the protocol continues to mature, applications continue to be developed, and formal relationships with car manufacturers are established.

The value of $DIMO comes from three aspects: coverage, data quality, and market demand. The token's main functions are to meet transaction demand, governance voting, and participant staking and incentives. As usage increases, $DIMO will also be burned, allowing users to receive more rewards.

The official website of DIMO shows a rich ecosystem, including car rentals, mobile apps, hardware facilities, and more. The image below shows the latest vehicle and trip data.

Peaq

Link: https://app.trendx.tech/projects/155792f6b678e1aa55d1b148dba6490a3046a95e731591c71890691a7e456d03

Peaq is a Web3 network that provides decentralized infrastructure and tools for the builders and users of machine decentralized applications or dapps. It provides everything needed to build applications for vehicles, robots, and devices on the blockchain network. Peaq enables entrepreneurs and developers to build decentralized applications for vehicles, robots, devices, and other machines, while allowing users to manage and profit from these connected machine devices.

Peaq allows owners of connected devices to directly benefit from the economic value generated by their assets. This economic benefit model also creates an exclusive wealth model for Peaq. Peaq's decentralized operating platform bypasses intermediaries, allowing users and devices to interact directly. Device owners can retain a larger portion of the income from their assets because they no longer need to pay large commissions to centralized platforms. Therefore, users participating in Peaq can profit more from Internet devices, encouraging more people to participate in the sharing economy. As more IoT devices generate economic benefits, profits will flow and be distributed among token holders, stimulating transactions and driving development.

According to the Peaq official website, the token will be issued in 2024, and users can follow the project in advance.

Silencio Network

Link: https://app.trendx.tech/projects/89c3acd89c3dc8498b0d54b91665f15f2bd79761037df8f66be790a9e5e9b469

Silencio is a community-driven platform built on the peaq network, dedicated to solving the increasingly severe problem of noise pollution in urban areas. The project provides rewards in the form of Noise coins to encourage users to contribute hyperlocal (community or neighborhood) noise pollution data. It adopts an innovative economic model to actively engage users in combating noise pollution and benefit from their contributions. By collecting accurate real-time data, Silencio aims to use the power of smartphones to change noise pollution monitoring, eliminating the need for a large number of fixed environmental sensors for noise detection. Smartphones with built-in microphones can measure decibel levels and create hyperlocal noise pollution maps. The platform also provides an app store where users can use Noise coins to exchange for goods and services, as well as the ability to donate Noise coins to meaningful causes such as tree planting or rainforest protection.

The project announced that it will conduct an airdrop in the future, with the airdrop quantity mainly based on the amount of sound data provided by users or the number of users they recommend. Uploading one minute of data will earn one token, and users who recommend others to use Silencio will receive 3% of all Noise Coins uploaded by their referrals, with the size of the geographic system coverage determining the quantity.

According to the roadmap, the project has completed beta testing and will launch more product features, NFT auctions, etc., with plans to issue tokens in 2024Q2.

Onocoy

Link: https://app.trendx.tech/projects/ef4df464d52622ed70a4bb72b041d77b5b669b4e9dbadb3585c795f687e5bfec

Onocoy has built the world's most dense GNSS reference station network using Web3 technology, which can only be achieved through a community-driven approach to achieve large-scale and high-density reference stations. The goal is to solve the problem of high infrastructure costs, which leads service providers to focus on high-income areas and profitable markets, as well as the redundancy of reference station infrastructure, resulting in unnecessary high service costs.

GNSS has a wide range of applications, not limited to user positioning and navigation on the Earth's surface, but also used to determine the position of aircraft and spacecraft. The integration of reference station deployment by the Onocoy network brings global coverage and high network density, distributing capital and operating expenses of reference station infrastructure in a large community, improving the high utilization and capital efficiency of infrastructure, and allowing users to benefit from reduced data costs.

The architecture is built on Solana, providing miners and validators who provide core services to the Onocoy system with ONO tokens. Enterprises, developers, and end users exchange and consume tokens using data from the Onocoy system. The project is still in the testing phase, using BONO tokens as test coins, and the token economy design is well-developed.

The maximum supply of ONO tokens is fixed at 810 million. The token is allocated as follows:

30% is allocated to the reward pool for miners and other contributors.
20% is given to the onocoy association/DAO managed by ONO token holders.
20% is provided by investors in two rounds of financing (10%+10%) to provide the startup capital required for launching the Onocoy system.
15% is allocated to the funding team for starting the Onocoy system.
15% is paid to Services AG for paying employee salaries, advisory fees, and the costs of establishing and operating the technical and operational systems required for running the Onocoy system by third parties and subcontractors.

Grass

Link: https://app.trendx.tech/projects/c79ae55ca2bdeed578bd3d28d6ee2aaa99346bd583abc9a856d997a8c6325a11

Grass is the flagship product of Wynd Network. Wynd focuses on open network data and recently announced the completion of a $3.5 million seed round of financing, led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik. Grass allows users to earn passive income by selling unused network resources through internet connections, solving the problem of existing networks being operated by exploitative intermediaries. The network information accessed by individual IP addresses is customized, making this data important for companies such as airlines. In many cases, users unknowingly or by default "lend" bandwidth, so the project aims to provide a decentralized solution, using token incentives to encourage users to own their own bandwidth and not be deprived of rights by centralized agent networks. Companies and AI labs can use this network.

The project has 15,000 Twitter followers and has a certain level of attention. The current beta version was launched in June 2023 and already supports Android phones. As of November 29, 2023, there have been 103,000 downloads and 1,450,000 unique IP addresses. In the future, token holders can accumulate a portion of protocol income and also gain governance voting rights.

Space and Time

Link: https://app.trendx.tech/projects/4240d2cce11a227d55d900ede18edbae037b1f878b9d77c057e327898e81fbc3

Space and Time is a verifiable computing layer that extends zero-knowledge proofs on decentralized data warehouses, providing trustless data processing for smart contracts, LLM, and enterprises. Space and Time connects indexed blockchain data from the chain with off-chain datasets and uses Proof of SQL to ensure tamper-resistant 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, allowing data warehouses to generate SNARK cryptographic proofs of SQL query execution, proving that the query computation is accurately completed and that the query and data are verifiably untampered.

Developers can use the project to connect indexed on-chain data and off-chain data, use SQL to transform data for low-latency cached queries and large-scale analytics jobs, shape and mold data into patterns specific to your business, publish queries to APIs, and build dashboards. Zero-knowledge technology ensures that tamper-resistant query results are sent to smart contracts in a trustless manner or published directly on the chain.

Space and Time has already indexed Ethereum, Polygon, Sui, Sei, and Avalanche, and is continuously supporting more chains. It has also integrated with Chainlink.

The project has 31,000 Twitter followers and has received attention as a cross between the Depin and ZK tracks. There are currently no detailed token issuance plans for the project, but it is worth keeping an eye on in the long term.

Natix Network

Link: https://app.trendx.tech/projects/72d581430a5215cac9bd747efa4e66e2e0482d7105b95521ee3b94de985efcbb

Natix Network uses existing cameras as "super sensors" to collect data, protects privacy with NATIX's proprietary AI and edge computing technology, and creates real-world dynamic maps for users to collect and consume real-time data at low cost, such as crowd size, available parking spaces, and pothole locations.

The project aims to combine decentralized economic incentives and intrinsic motivation, break long-term data monopolies, solve problems such as data silos, high user costs, and unfair compensation for user data, and enter the geospatial data market.

The NATIX network relies on two types of tokens to coordinate the interests of network participants. These two types of tokens are iLand NFT and fungible NTXT tokens. The dynamic map of Natix divides the earth into tiles, each with a unique smart Land NFT, also known as "iLand NFT," which generates passive income for holders. Any data generated by NATIX network cameras will be located on one of these tiles. After monetizing this data, tile owners have the right to collect royalties on each transaction on that tile. In addition, iLand NFT also has governance functions within the network. iLand NFT will be airdropped, sold, and then traded on the market. NFT minting fees and licensing fees for NFT transactions will be used to develop 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 NFT, and can also be staked for rewards or to reduce network fees, and participate in system governance.

Natix allows users to earn NTXT without purchasing additional hardware, simply by using their phone cameras to join the network and earn tokens. Users can earn tokens by using their phone cameras while driving/riding or exploring the map, detecting events (potholes, litter, or parking spaces) with the camera, and enterprise data consumers can subscribe to and use real-time data captured by NATIX cameras.

The total supply of NTXT is 1 billion and will be slowly released over 48 months.

Natix Network has designed a series of incentives and reward mechanisms to encourage user participation in the network, including incentivizing users to provide liquidity for NTXT/USDC on AMM. Additionally, data/detection data providers need to stake a certain amount of tokens to ensure they do not act maliciously.

The project has 35,000 Twitter followers and is currently in the early stages, with whitelist applications open for users to participate in project testing.

References:

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Mining AICoin Investment Opportunities in the Depin Track | TrendX Research Institute