#011 - Level up With DePIN Points 💯

posted Apr 27, 2024

natix grass uprock ionet pocket powerpod wicrypt anyoneiotexpeaq

8 min

If you’ve been paying attention to crypto recently, you’ll have seen that points are literally everywhere. In today’s issue we’ll go over what points are and how they differ from token airdrops. We’ll also look at some DePIN projects that are currently handing out points to their loyal users.

Pay attention folks, as this could be your chance to level up. Let’s go! 🚀

DePIN Hub Leaderboards 🏅

Growth statistics of some standout DePIN projects based on social metrics and token price

In The News 📰

🔔 ATOR Anon Network is live. Check out Daniel’s node setup video to see how to get your ATOR Relay up and running.

🔔 IOTEX secures $50M in investment funding. The investment round aims to help accelerate IoTeX’s growth within the ever expanding DePIN ecosystem.

🔔 Peaq raises $15M in pre-launch funding. The move comes before their hotly anticipated public offering and mainnet launch.

🔔 Wicrypt joins forces with SDIC Group, China’s largest state-owned investment holding company. Together they aim to build an IoT data center and continue to tackle last mile connectivity.

Special Pre-order Announcement 🚨

⚡️ The 'Airbnb for EV Charging' is here 🔌

Did you know that the demand for electric vehicle charging is set to grow 8 times between now and 2030!? 😳 Luckily, there's a fantastic way you can cash in on the trend while supporting the growing DePIN movement! 🦾

PowerPod is building a network of token-mining EV chargers that allow anyone to earn from charging electric vehicles. Whether charging your own EV or someone elses, you'll be rewarded for contributing to this decentralized network of EV charging stations. And there is no better time than now as PowerPod is launching its first EV charging miner!

The PowerPod Pulse I is available for pre-order starting April 15th, 2PM UTC.

This ultra sleek charging adapter is your gateway to begin earning $PT tokens. 🪙 Even if you don't have an electric car or charging station at home, no worries! The Pulse I can be carried with you for use at any charging station.

The PowerPod Pulse I is packed with additional functionality including remote management over vehicle charging, the ability to share your surplus energy within the PowerPod network and PowerPod’s energy data analysis to optimize efficiency and reduce costs. 🌱

If you are familiar with DePIN, you know it pays to get in early. 🤑 Here is your chance! 👇

500 PowerPod Pulse I charging adapters will be available for pre-order on April 15th 📆. 300 units with Tesla TPC standard and another 200 units with European Type 2 standard.

Check this compatibility chart to see if your car’s a fit:

Don't be late!! Learn more about the PowerPod Pulse I and pre-order your very own charging adapter to start earning now using the link below 👇

🔗 Pre-order your PowerPod Pulse I Adapter 🤑

Feature

Level up With DePIN Points 💯

From memes, to gaming, AI and ETFs, crypto narratives sure like to move quickly. One recent trend we’ve noticed across several crypto sectors is Points. If you’ve been wondering what all this points hype is about, this is the issue for you.

Read on as we’ll explain what points are, why they’re important and where you can go to earn some DePIN Points right now! 🔢👇

What Are Crypto Points?

Crypto points are basically a way for you to cash in on earlier-stage projects to start accuring value now. Points can often be converted into lucrative airdrops or other ways of scoring tokens later 🤑, so don't sleep on their power!

More specifically, points are a means of tracking, quantifying and rewarding a user’s Web3 behavior. Unlike token airdrops, points themselves typically cannot be traded or transferred between wallets. Whereas tokens belong on-chain, points are usually kept off-chain and are managed directly by the project that’s issuing them.

But what is all the fuss about?

Well, for projects, points are an effective marketing method used to raise awareness about a project and get people participating in the respective ecosystem. For you as a user, accumulating points is often done with the expectation of converting or receiving tokens in the future. This is crypto after all, and potential airdrops are never out of the question. 🪂

However, instead of earning airdrops based primarily on passive metrics, such as the size of your wallet, points programs incentivize people to earn their rewards actively by performing tasks like using the protocol, participating in governance or referring new users. 🧑‍🤝‍🧑

Let's delve in deeper...

The Advantages of Points

Over the years, there’s been a notable rise in the number of airdrop farmers who scan the market for new projects and token releases. This has led to countless cases of instant profit taking and bag dumping. Not exactly helpful to a project’s reputation and long-term growth, right?

Point campaigns require users to interact and stay engaged over longer timeframes, without the risk of simply handing out free money. To put it plainly, crypto points make degens work for their bags. 💪

Points, and even points leaderboards, can help build trust around a project, fostering motivated and engaged communities. Community is key to crypto, it’s what keeps projects holding strong on those days when the markets get bloody. 🫂

Taking it a step further, points can even be used for governance purposes, providing voting and proposal rights to those who truly earned it and not just to those who can weigh in with their wallets.

As for the projects themselves, the use of points has additional advantages over typical token airdrops. For one, they reduce regulatory burdens as token launches have become more scrutinized in certain jurisdictions. Points enable projects to get moving quickly, without the need for fully developed tokenomics or sourcing liquidity. Finally, the unknown mystery of what eventual benefits points can bring to the users can create additional hype and intrigue, sometimes incentivizing people to engage even more.

Where to Earn DePIN Points?

Now that we know how important points are, let's look at where to start earning them! 🎯

Uprock has been 🔥 as of late, in part due to their success on Jupiter's blazing hot LFG Launchpad. Their referral system that rewards users with $UPT (currently 'points' as UpRock is still pre-TGE) for each referral, plus 1% of their referrals' earnings, has lead to astronomical growth - including a jump in daily active users from 22K to 130K+ in a matter of weeks! 🚀

NATIX is another DePIN project that’s getting ready to launch a token. Users of the platform have been racking up points for several months already through driving, referrals and other engagement-based missions. NATIX is a popular project and has been collaborating with various other DePINs such as DIMO and GEODNET. Speaking of points, if you use code HOTSPOTTY, you'll earn bonus points when you sign up for NATIX plus score your own referral code, which you can share with your network to earn even more!

io.net is a project that appreciates the value that various members of the community bring to its ecosystem. While it’s true that DePINs rely heavily on the technical abilities of deployers, no project is worth its salt without a solid community. io.net separates its rewards into 3 distinctive pools for workers, community quests and Discord roles. Whereas workers need dedicated GPU hardware to support the project, community and Discord rewards provide much lower barriers to entry. 👌

Grass developed an interesting points system to encourage the onboarding of new members onto their protocol. Alongside rewards for standard usage, Grass also uses a tiered points system for referring new users. Ranging from Iron to Titan, participants can unlock significant commission rewards for helping to build out the user base. They also get juicy bonuses each time they level up a rank. 📈

These are just a few examples of Point earning opportunities in DePIN at the moment. If you dig deeper within the hundreds of projects being tracked on DePIN Hub, you’ll surely find more. 🔍

DePIN Hub Launchpad

And speaking of DePIN Points, don’t forget about the incredible opportunity that’s staring you right in the face! Hotspotty is about to open the doors to the DePIN Launchpad and newsletter readers are in pole position to reap the rewards. 🫵

If you want early entry to the Launchpad, as well as access to discounted miners, airdrops, and plenty more, all you have to do is share this newsletter with others. If they subscribe through your referral link (found at the bottom of this newsletter) you’ll accrue points that will unlock rewards in the DePIN Hub Launchpad! 🚀

DePIN Hub Podcast🎙️

Brought to you by Peaq Network, harnessing the home of DePIN projects! 🚀

To inaugurate our new DePIN Hub Studio, we were joined by Adrienne Youngman, CMO at POKT Network.

POKT Network, an OG DePIN, is building a universal RPC base layer for Web3 that never goes down, scales effortlessly to 60+ chains, and is owned and governed by its users!

- POKT on DePIN Hub: https://links.depinhub.io/pokt

- Website: www.pokt.network

- X (Twitter): https://twitter.com/POKTnetwork

- Discord: https://discord.com/invite/pokt

Tune in to our episode with Garrison Yang from io.net to learn how they’re building the world's largest decentralized GPU colony

By integrating underutilized resources from various sectors, io.net’s massive computing power makes it easier, more cost-efficient, and customizable to develop, execute, and scale ML and AI applications.

- io.net on DePIN Hub: https://links.depinhub.io/io.net

- Website: https://io.net

- X (Twitter): https://twitter.com/ionet

- Docs: https://developers.io.net/docs/overview