hat is DePin? Which DePIN Concept Coins are worth investing in?

 What is the DePin track?

DePIN (Decentralized Physical Infrastructure Networks) is a decentralized infrastructure network that uses blockchain technology and cryptocurrency token economy to encourage people to share idle resources.

 DePin projects typically include the following elements:

1. Target resources: The resource focus of the project, such as bandwidth, GPU computing power, etc.

2. Hardware: The necessary equipment of the contributor itself, for example, the person who wants to provide bandwidth must have a computer with Internet access.
 3. Contributors: Individuals or groups that share idle resources.
 4. Incentive mechanism: the reward method that contributors can receive.
 5. Consumer: The person who buys these resources from the project party.

DePin items are usually paid in project tokens, and the supply and demand mechanism is regulated through the token economy, with a focus on establishing a positive cycle that can be sustained.

 How to do DePIN mining?

DePIN 项目参与的方式除了交易项目币以外，就是直接参与DePIN 挖矿。
In addition to trading project coins, the way to participate in DePIN projects is to directly participate in DePIN mining.

Most of the DePIN mining can participate in mining with their own computer hardware resources, or purchase additional equipment according to the needs of each project, such as the most popular project Grass mining, which is to share the idle network bandwidth of individuals through the platform, and the provider can also obtain Grass coins, which has been welcomed by the audience.

虽然DePIN 挖矿看似门槛较低，但收益会受到代币价格波动和硬件损耗的影响，如果需要另购设备的话也要留意回本周期，建议从小额投入开始，慢慢熟悉流程。
Although DePIN mining seems to have a low threshold, the income will be affected by the fluctuation of token prices and hardware loss, if you need to purchase additional equipment, you should also pay attention to the payback cycle, it is recommended to start with a small investment and slowly familiarize yourself with the process.

What are the DePIN track projects? What are the investment opportunities?

根据IOTeX 旗下的DePINscan数据显示，目前已登录的DePIN 专案超过160 个，热门类型包含计算网路、网路频宽、云端空间和CPU 算力等等。
According to the DePINscan data of IOTeX, there are currently more than 160 DePIN projects logged in, and the popular types include computing network, network bandwidth, cloud space, and CPU computing power.

如果想关注DePIN 生态以及币种，可以关注Coingecko 上的DePIN 币分类，找寻发展成熟值得长期关注的项目。
If you want to pay attention to the DePIN ecosystem and tokens, you can pay attention to the DePIN coin classification on Coingecko to find mature projects that deserve long-term attention.

Key project DePIN coin: RNDR

Launched in April 2020, RNDR (Render Token) is a powerful network that leverages the world's idle GPU resources to provide efficient graphics rendering services, and Render Network has partnerships with major companies such as Apple, Microsoft Azure, Disney, and Unity.

Graphics rendering refers to the process of generating images from models with software, which is the last step of computer graphics (CG), such as the 3D movie "Avatar", which uses 40,000 CPUs, 104TB of memory and 10G network bandwidth, and takes more than 1 month to complete.

However, in fact, small and medium-sized artist studios do not have enough hardware resources, and Render Network's GPU sharing mechanism allows film and television artists to complete high-quality visual effects faster and at a lower cost.

According to December 2024 data, the price of RNDR coins is $7.56 -10.11, and the current circulating market capitalization is $294 million.

 Key project DePIN coin: IO

Founded in February 2023 and built on the Solana chain, IO.NET is a decentralized artificial intelligence and cloud platform where users can rent out idle GPUs to receive IO Token rewards and provide computing resources for machine learning.

The purpose of IO.NET is to build a "GPU Internet", and it has successfully raised $40 million due to the favor of many investors due to the AI boom, including Hack VC, Multicoin Capital, OKX Ventures, Animoca Brands, Foresight Ventures... and other 26 companies and individuals,

IO.NET is currently supported by Binance officials and has become a Binance new coin mining project, and will be listed on mainstream exchanges on June 12, 2024, according to June 2024 data, the IO coin price is $3.53 -5.45, and the current circulating market capitalization is $320 million.

 Key project DePIN coin: AR

AR is the cryptocurrency of the Arweave blockchain, founded in 2017, is an on-chain archival storage protocol that technically moves the data structure of BlockWeave and the consensus mechanism of SPoRA.

Arweave's ecosystem is made up of miners and users. Miners are responsible for providing and maintaining storage resources to earn AR coin rewards, while users pay a one-time AR coin to obtain permanent cloud space, at the June 2024 price, 1 GB of data only needs about 24.02 U, detailed pricing information can be found on Ardrive computers.

Although it may seem more expensive than a typical cloud service, Arweave only needs to pay once to store data forever, like a permanent version of Google Drive, and Arweave has promised to provide users with at least 200 years of storage.

 epilogue

The DePIN project combines a decentralized mechanism and resource sharing, which is in line with the current trend of AI and cloud, and also improves the scalability and operational efficiency of infrastructure.

However, from a practical perspective, DePIN is still in the early stage of development, and the project scale is too small to compete with the current network construction vendors, so how to improve the popularity of the DePIN project and attract more people to join the ecosystem will be a major challenge for the project team.

In addition, when investing in DePIN project coins, you should also pay attention to the sharp rise and fall caused by market fluctuations, and do a good job in asset allocation and risk control.