Welcome back to the DePIN Hub Newsletter, your compass through the maze of decentralized infrastructure
When we say DePIN is for everyone, we really mean EVERYONE. But have you ever considered what role you play in the DePIN space? 🤔
Sometimes it pays to know what drives you as an individual, so in this issue, we’ll highlight the various roles that make up this awesome industry.
We’ve also got a token miner giveaway that we’re excited to announce, so get scrolling and see which DePIN role describes you best! 🤘
In The News 📰
🔔 ATOR Protocol rebrands to Anyone The rebrand coincides with the establishment of a new foundation and a token migration.
🔔 Samsung Next explains the thesis behind their investment in Hotspotty (that’s us!). Stay tuned as the DePIN Hub team has plenty of awesome things up their sleeves.
DePIN Revolution ✊
Heads up! We just launched a brand new masterclass spilling the beans on the top 10 DePIN projects you can earn from RIGHT NOW.
Whether you're already banking coin or you're still new to DePIN, this in-depth class introduces some standout DePIN projects and guides you to how you can start earning today.
Discover how crypto insiders are not only making a simple, stress-free passive income each month, but putting the power BACK into the hands of the people, too. (And even using old, dead cellphones to generate monthly rewards.)
The DePIN world moves fast so get ahead of the curve with this FREE masterclass.
This class won’t be available for free for very long!
Feature
Which DePIN Role Are You? 👷♂️🧑🚀🧑💻
Crypto offers massive rewards, but it’s also high risk. The best way to deal with this risk-reward puzzle is to analyze what’s at stake. 🔍
A novice investor with little to lose might have the stomach for high risk, high return plays. Meanwhile, a sophisticated investor, with plenty to lose, might opt for a more stable project, for a more conservative return.
As DePIN pros, we like to consider our return on investment (ROI), as participating typically includes physical hardware and actual effort.
Risk is part of life and it can’t be avoided. If your dad never risked asking out your mom, would you even be here today? 🤔
On that note, which of the following DePIN roles describes you best?
The Full-Sender 🤪
Attends every event, devours every update, mines tokens, and buys every dip. 👜 Superfan alert!
Risk: 🌶️🌶️🌶️🌶️
Profile: Only for those with strong conviction and hands cut from diamond.
The Miner 🧑🔧
Hardware wizards, ROI hawks, and pie lovers. More effort means more rewards and less competition! 🫡
Risk: 🌶️🌶️
Profile: Someone who’s technically savvy, but also has a good grasp of budgeting.
The Deployer 👷♂️
Scale hobby mining to a profitable biz. Requires smart project picks, sales skills, and people skills. Remember Bradley Meyer? We covered his $50k p/month DePIN deployer business a few months ago. 🤝
Risk: 🌶️🌶️🌶️
Profile: Being the middle person between clients and DePIN projects requires exceptionally good people skills, as well as the technical know-how.
The Host 🙋♂️
Delivery drivers, rooftop owners, crypto newbies. Happy to earn a cut while deployers foot the hardware bill. 🤑
Risk: 🌶️
Profile: Anyone with a roof above their head or space on their dashboard!
The Trader 🧑🚀
Hunts for entry points, exits when hot. Skills transfer from crypto and finance. 📈📉
Initiatives like IoTeX’s DePIN Liquidity Hub offer streamlined access to DePIN-centric tokens.
Risk: 🌶️ - 🌶️🌶️🌶️🌶️
Profile: Savvy, adaptable, and probably a little bit crazy. These are 24/7 markets don’t forget!
The Investor 🧑💼
Jump in early, unproven teams, huge potential. Spray and pray for big wins. Conservatives: pick proven, de-risked projects. 🧐
Risk: 🌶️ - 🌶️🌶️🌶️🌶️
Profile: The great thing about crypto is that anyone can invest, it’s a free market. Low-fee blockchains like Solana remove the hurdle of costly gas fees, letting anyone participate. DePIN investors tend to have longer time horizons.
The Farmer 🧑🌾
Juggling sectors, loves airdrops and giveaways. 🪂 Tokens add up, but tracking opportunities takes effort.
Risk: 🌶️
Profile: Multiple people tick this box. Some people enjoy the gamification. Others take it to another level, turning airdrop farming into a significant part of their income.
Industry Pro 🧑💻
Researchers, marketers, logistics, community managers, HR, and finance keep it rolling. 🙏 Use your skills for low-risk involvement. Enjoy stable salaries with bonus tokens for extra upside.
Risk: 🌶️
Profile: This is a great place to get started, and there’s a role for everyone.
Win a Wicrypt Hotspot!
Getting to know our audience helps us finetune our platform to make it the best possible resource for all DePIN users. For this reason we’ve teamed up with Wicrypt to offer one lucky reader a free hotspot miner. Just fill out the short survey, tell us which DePIN role describes you best, and hey presto your name’s in the hat! Click the link below:
Wicrypt is an awesome project that’s bringing internet connectivity to rural Africa and beyond. Their long-range Wi-Fi hotspots double up as miners for the $WNT token and also allow their owners to earn additional revenue for ads shown to connected users.
To learn more, see our research piece on DePIN Hub: Solving Last Mile Internet Connectivity with Wicrypt
Event
DePIN Drinks Round 2: Lisbon 🍹🍺🍕
For those of you who couldn’t make it to our recent DePIN Drinks meetup in Lisbon, never fear, our friends at Streamr helped with a decentralized real-time video stream. 🎥
You can find all the details and a recording of the presentations here: https://depinhub.io/events/depin-drinks-2024-07-03
This was an awesome event held at the Goethe Institut in Lisbon. Co-hosted by Kathleen Olstedt, together with help from peaq network, AquaSave, Borderless, POKT, XMAQUINA, Streamr and arkreen, we managed to show how municipalities can leverage the DePIN model as an equitable strategy for future cities.
See you at the next meetup? 🍷
Parting Words 👋
“I bought the dip, but the dip kept dipping!”
