With the booming of ETFs, the BTC fervor of the US presidential election, the crypto market has gradually walk into the mainstream, the negative attitudes of the past are fading away. At the same time, the crypto industry is actively exploring a more robust path for expansion.

Compliance and rigid rationality have always been important reasons hindering the entry of the traditional world into the crypto market. With the development of the industry, the DePIN track is currently considered the most potential sector to break through the barriers between the traditional world and the on-chain world.

The DePIN concept is built on the foundation of the Internet of Things (IoT), with its core idea being to incentivize users to deploy and maintain hardware devices using virtual assets. It can be categorized into two main types:

Physical Resource Networks (PRN):

Incentivize participants to use location-based hardware to provide unique goods and services in the real world, such as WiFi (Wicrypt), 5G (Helium), geospatial data (Geodnet), energy data sharing (Powerpod), and meteorological data (SkyX).

Digital Resource Networks (DRN):

Incentivize participants to use hardware to provide digital resources in the physical infrastructure network, such as broadband networks, storage networks, and computing power networks. Representative projects in this category include Meson, Render Network, and Livepeer.

What sets DePIN apart from many traditional crypto tracks is its positive business flywheel. Most DePIN projects have the potential to deliver final services to the traditional world. For example, Helium can provide network services to end users, and sensor companies like Geodnet and SkyX can provide data to data buyers. These commercial buyers span industries such as photovoltaics, insurance, financial derivatives, agriculture, and more, with a market size in the trillions. Therefore, DePIN projects differentiate themselves from many other crypto projects by providing services to the real world and generating revenue to reward participating users, achieving co-building and win-win outcomes. Additionally, due to the involvement of manufacturing and logistics in physical networks, it has a positive driving effect on the industrial chain, which will significantly change people's perception of the lack of real value in the crypto market.

The DePIN track is likely to become a multiplier for the entire crypto market, ushering the industry into a more meaningful era of practical value, driving the upstream and downstream industries, and breaking through the compliance barriers of crypto.

Are you ready to start your DePIN journey at the upcoming DePIN Summer Carnival?

10,000$ worth of Devices tokens are waiting for you!

How generous are the rewards for this event?

The organizers, in collaboration with over ten high-quality DePIN projects, are offering a total of $10,000 worth of DePIN devices and token airdrops! The organizers will randomly select recipients among the candidates participating in this event through a lucky draw.

For more details, check event link:

https://x.com/SkyX_Network/status/1804046760421265473

How to participate?

Simply follow the official Twitter accounts of the participating projects and retweet the event tweets for a chance to win $10,000 worth of DePIN devices and tokens. Start your journey towards passive income!

Event time frame:

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

List of participating projects in this event:

This event has invited 13 top DePIN projects to participate:

1.SKYX

SKYX is a decentralized distributed intelligent weather network that connects hardware devices to collect nanometer-level weather data. Through AI-powered large-scale modeling analysis, it provides accurate and standardized weather information to global users, aiming to create a new ecosystem for weather data infrastructure. Currently, its services cater to various industries such as photovoltaics, agriculture, disaster prevention, tourism, and transportation.

2.IoTeX

IoTeX is a modular Web3 infrastructure platform specifically designed for DePIN. It connects smart devices and real-world data to the blockchain.

3.GEODNET

GEODNET is a token-incentivized GNSS reference station network based on public blockchains. It utilizes hardware devices to monitor space weather, GNSS satellite clocks, and orbit signals. The collected data is used for centimeter-level accurate positioning in RTK and GNSS receivers.

4.OYSTER LAB

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

5.CUDIS

CUDIS is the first AI wearable DePIN product that supports data ownership. It is building a decentralized health platform that allows developers to build healthcare services and conduct research while enabling individuals to monetize their health data.

6.PINGO

PINGO serves as a medium for connecting idle computing power, effectively addressing resource fragmentation and idleness. Through AI, DePIN, and Decloud solutions, PINGO provides a powerful computing foundation for building AI models.

7.ROAM

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

8.POWERPOD

PowerPod is a blockchain-driven and economics-based shared electric vehicle charging network. It utilizes token incentives to decentralize and empower individuals and entities to establish community-driven charging networks, reshaping the landscape of traditional charging services.

9.MOON CHAIN

MOON CHAIN is a decentralized Internet of Things (IoT) network that uses blockchain technology to facilitate seamless and secure data exchange among IoT devices. It aims to improve data transaction efficiency and security in the IoT field and create a global low-power IoT network.

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 convenient internet access for every user.

11.DMC

DMC is a decentralized multi-chain storage network that unlocks the potential of data. It utilizes the CYFS protocol, DSG protocol, and DMC protocol to provide a robust storage behavior incentive mechanism and capabilities for fast retrieval and large-scale data distribution.

12.OORT

OORT is a decentralized and verifiable cloud computing platform. By harnessing resources from data centers to smartphones globally, it aims to provide trustworthy artificial intelligence applications for humanity.

13.IAPRO

IAPRO is bringing an efficient experience of open dialogue and collaboration with AI agents to the blockchain. It strives to create a thriving ecosystem where knowledge sharing and cooperation are encouraged, and every contribution is valued.