Ho Chi Minh, Vietnam, 13 November 2024, China Wire
Recently, CoinList conducted a survey asking users, “What kind of projects would you most like to see on CoinList?” Highlighting the growing interest in decentralized infrastructure solutions. Subsequently, CoinList announced an exciting partnership with the U2U Network, a DePIN-focused Layer 1, for an exclusive pre-listing campaign.
DePIN – More than just a trend
Decentralized Physical Infrastructure Network (DePIN) is emerging as a technology that aims to change how infrastructure is managed. By decentralizing services such as computing, energy, and telecommunications, DePIN seeks to offer the scalability, flexibility, and cost efficiency that centralized systems typically provide.
This innovation represents a new phase of technological advancement—one that broadens access and creates opportunities for communities historically excluded from economic development. The impact of DePIN is set to be significant.
According to CoinGecko, as of November 2024, the market capitalization of the DePIN sector is over $33.6 billion. Venture capitalists are increasingly investing in DePIN projects, indicating strong interest in the sector. A 2023 report by Mesari puts the market potential for DPIN at $2.2 trillion, with projections to reach $3.5 trillion by 2028.
CoinList, the top 1 IDO platform in crypto, recognized the potential of DePIN and joined the market with many successful DePIN projects such as NATIX, Koii, peaq, etc. Cooperation with the U2U network, which is well known in Asia. DePIN is Layer1, for a new pre-listing campaign.
Coinlist x U2U Network: U2U-Inspired Minet Saga Campaign
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 CoinList support in Q4 2024, which is a clear sign of innovation and leadership. As a modular Layer 1 network, the U2U network uses advanced directed acyclic graph (DAG) technology and virtual machine (EVM) compatibility to provide fast transactions and instant finalization.
The U2U network aims to address the fragmented nature of the DePIN market, where full integration across applications is rare. His vision is to create a complete blockchain solution for DePIN. The network’s unique subnet technology allows for the creation of customized, independent subnets that offer the scalability and flexibility tailored for DePIN applications. This design provides high performance, strong security and adaptability, giving developers the tools to efficiently create and launch DePINs while enabling users to connect, contribute and earn from various DePIN projects. .
CoinList’s partnership with the U2U network reflects their shared commitment to advancing the DePIN sector. This support is highlighted by the U2U Incentivized Mainnet Saga pre-listing campaign, which is an important step in the development and adoption of DePIN technology. How 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 receiving $USDT to $pUSDT on Owlto Finance and then investing $pUSDT in the U2U Incentivized Staking Pool (NASDAQ: A prize pool of 10,000,000 $U2U tokens has been allocated for this initiative.
Timeline: 90 days, from 12 November 2024 to 10 February 2025
For more information, users can visit: https://mainnetsaga.u2u.xyz/
Beyond its partnership with CoinList, U2U Network is set to launch an exciting campaign with Bitget, the world’s leading cryptocurrency exchange and Web3 innovation. This collaboration marks another important step in the 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 project.
The Future Goes On
As U2U Network’s pre-listing campaigns generate excitement throughout the community, the expected listing is scheduled to begin in Q4 2024. With its vision of being a comprehensive blockchain solution for DePIN, the U2U network is poised to take the blockchain space by storm. Strong innovation and value for its ecosystem and customers. As the listing approaches, the road ahead for the U2U network promises exciting opportunities and impactful contributions to the blockchain industry and beyond.
About the U2U network:
The U2U network is a modular L1 with subnet technology that is a perfect fit for DePIN. Their 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. KOLs who have invested in the U2U network are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony, etc.
The mainnet is ready with over 180K wallet addresses. DePIN Subnet launched with the U2DPN product with over 155K downloads, 59K contributor nodes, and 9K DAU within 3 months of launch. 80 dApps on chain (EVM-compatible) range from crypto applications (Defi, Gamefi, SocialFi, etc.) to real-world scenarios (storage, data mining, etc.), and more than 40 signed DePIN projects Under the MOU and merger, 25 other projects are in the pipeline.
About Host VTIS
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Vietnam Tech Impact Summit 2024 (VTIS) – The premier tech event in Vietnam.
VTIS is a hub for transformative innovation, serving as a “gateway to Vietnam’s emerging technology market”. VTIS connects global experts, businesses, investors, and technology enthusiasts across technology sectors. Focusing on 4 themes — Fintech, AI, Blockchain, Gaming, VTIS will unlock market access, partnerships, and investment opportunities for startups. Organized by SSI and FPT Group and sponsored by SSID.
Website: Vtis.io
Reference:
- Top Deepin Coins by Market Cap (no date) CoinGecko. Available here (Accessed: 12 November 2024).
- Kasab, S. (2023) Mapping The Pin Sector, Mesari Crypto News. Available here. (Accessed: 12 November 2024).
- Top 8 Most Funded Deepen Projects of All Time (in US$ Millions). Available here. (Accessed: 12 November 2024).
Get in touch.Astrid DangU2U networkalice@uniultra.xyz09081246492
This article was originally published on Chainwire.
