HO CHI MINH, Vietnam, November 13, 2024, Chainwire
Recently, CoinList conducted a survey asking users: “What category of projects do you want to see the most on CoinList?” underlining the growing interest in decentralized infrastructure solutions. Following this, CoinList announced an interesting partnership with U2U Network, a DePIN-focused Layer 1, for an exclusive pre-listing campaign.
DePIN: more than just a trend
The Decentralized Physical Infrastructure Network (DePIN) is emerging as a technology aimed at changing the way infrastructure is managed. By decentralizing services such as computing, energy and telecommunications, DePIN seeks to offer scalability, resilience and cost-effectiveness beyond what centralized systems typically offer.
This innovation represents a new phase of technological progress, one that expands access and creates opportunities for communities historically excluded from economic growth. DePIN's impact will be significant
As of November 2024, the DePIN sector has a market capitalization of more than $33.6 billion, according to CoinGecko. Venture capitalists are increasingly investing in DePIN projects, indicating strong interest in the sector. A 2023 report from Messari values the market potential for DePIN at $2.2 trillion, with projections to reach $3.5 trillion by 2028. To date, DePIN projects have collectively raised over $1 billion. of dollars in financing, reflecting growing investor confidence in this area.
CoinList, the leading IDO platform in crypto, recognized the potential of DePIN and joined the market with many successful DePIN projects such as NATIX, Koii, peaq, etc. After Peaq's recent successful listing period, CoinList has just announced its new collaboration with U2U Network, Asia's leading DePIN Layer1, for a new pre-listing campaign.
Coinlist x U2U Network: Mainnet saga campaign incentivized by U2U
U2U Network, backed by Kucoin Ventures, Chain Capital, IDG Blockchain, JDI, Cointelegraph, Crypto Assets Japan and V3V Ventures, stands as the only DePIN project selected for collaboration by CoinList in Q4 2024, a clear sign of its innovation and leadership. As a modular Layer 1 network, the U2U network uses advanced directed acyclic graph (DAG) technology and virtual machine (EVM) support to provide fast transactions and fast finality.
U2U Network aims to address the fragmented nature of the DePIN market, where full integration between applications is rare. Their vision is to create a complete blockchain solution for DePIN. The network's single subnet technology enables the creation of independent, customizable subnets that offer scalability and flexibility tailored to DePIN applications. This design provides high performance, strong security, and adaptability, giving developers the tools to efficiently create and launch DePIN, while allowing users to connect, contribute, and earn money with various DePIN projects.
CoinList's partnership with U2U Network reflects their shared commitment to advancing the DePIN sector. This collaboration is highlighted by U2U's incentivized Mainnet Saga pre-listing campaign, which marks a key step in driving growth and adoption of DePIN technology. With a way to earn with this campaign to get access to $U2U tokens before they hit the market.
Users now have the opportunity to earn $U2U tokens by pooling $USDT on Owlto Finance to receive $pUSDT and then staking $pUSDT in the U2U Incentivized Stake Pool (NASDAQ:). A reward fund of 10,000,000 $U2U tokens has been allocated for this initiative.
Timeline: 90 days, from November 12, 2024 to February 10, 2025
For more information, users can visit:
Beyond its partnership with CoinList, U2U Network will embark on an ambitious campaign with Bitget, a world-leading cryptocurrency exchange and Web3 innovator. This collaboration marks another significant step in U2U Network's mission to expand its reach and influence within the DePIN ecosystem. Stay tuned to U2U Network's social channels for upcoming details on this exciting venture.
The future continues
As excitement builds in the community from U2U Network's pre-listing campaigns, pre-listing will launch in Q4 2024. With its vision of being a comprehensive blockchain solution for DePIN, U2U Network is prepared to take the blockchain space by storm, bringing solid innovation and value to its ecosystem and its users alike. As listing approaches, the path forward for U2U Network promises exciting opportunities and impactful contributions to the blockchain industry and beyond.
About the U2U network:
U2U Network is a modular L1 with subnet technology that fits perfectly with DePIN. Its backers include Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Venture, V3V Fund, Web3Port and others. The project has also partnered with AWS, Klaytn Foundation, IoTex, Waterdrip Capital, Chain Catcher, etc. The KOLs that have invested in U2U Network are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony, etc.
Mainnet is listed with more than 180,000 wallet addresses. DePIN Subnet was launched with the U2DPN product with over 155,000 downloads, 59,000 contributing nodes and 9,000 DAUs within 3 months of launch. 80 dApps committed to building on chain (EVM compatible) ranging from crypto applications (Defi, Gamefi, SocialFi, etc.) to real-world scenarios (storage, data mining, etc.), and 40+ DePIN projects signed MOU and in the process of integration. Another 25 projects in process.
About the host VTIS
Vietnam Technology Impact Summit 2024 (VTIS) – the premier technology event in Vietnam.
VTIS is a hub for transformative innovations that acts as “the gateway to Vietnam’s emerging technology market.” VTIS connects global experts, companies, investors and technology enthusiasts across all technology sectors. Focusing on 4 themes: Fintech, AI, Blockchain, Gaming and VTIS will unlock market access, partnerships and investment opportunities for startups. Hosted by SSI and FPT Group and hosted by SSID.
Website: Vtis.io
REFERENCE:
- Top Depin Coins by Market Cap (undated) CoinGecko. Available here (Consulted: November 12, 2024).
- Kassab, S. (2023) The DePIN sector map, Messari Crypto News. Available here. (Consultation: November 12, 2024).
- The 8 most funded Depin projects of all time (in millions of dollars). Available here. (Consultation: November 12, 2024).
ContactAstrid DangU2U Network[email protected]09081246492
This article was originally published on Chainwire.
