Best DePIN projects

With the next bull-run around the corner, I feel like DePIN (Decentralised Physical Infrastructure) will be the darling category. Every other category has the stigma of being magic internet money made up of only ones and zeros. But DePIN projects have physical, tangible assets that you can hold and point to as something that exists in the real world. DePIN will appeal to traditional stockmarket investors and act as the bridge between investing in real world assets and digital assets.

With that in mind, what’s your favourite DePIN project and if you could, please share info such as:

  1. real-world problem it solves

  2. the physical assets that exist

  3. non-crypto partnerships (real-world companies that see value in crypto projects), and any other stats such as

  4. buyback / burn details

  5. number of users

  6. market cap

  7. token price

  8. circulating supply etc.

My personal pick for top project is World Mobile Token

Real-World Problem: 40% of earth’s population still have ZERO internet access. Therefore, ZERO access to education, healthcare & financial services and limited access to a better life. Telecomms is a $3 Trillion industry. There are currently 1000 Mobile Network Operators servicing half the world. But they leave the rest of the world untouched because they have deemed it financially unviable to develop infrastructure in remote areas. World Mobile, however, have to team, the tech and the Sharing Economy Business Model (this part is key) to deliver twice the speeds at half the price. And before you say it, Starlink is not cheap and is internet only (see Elon’s most recent tweet about this), whereas World Mobile is more like a AT&T/Vodafone/T-Mobile type organisation. However, World Mobile does work with Starlink for their backhaul services. World Mobile plans to Connect the Unconnected (1 billion by 2030).

Physical Assets

Aerostat: Their biggest physical asset just launched in Mozambique (with many more in the pipeline). The World Mobile Aerostat is essentially a blimp that is tethered to the ground. It hovers at 300 metres and provides internet access to everyone within a 75km radius. Other physical assets include:
Air Nodes (many variations and sizes, but picture a box with an antenna connected to a pole with solar panels at the top and rechargeable batteries at the bottom),
Earth Nodes (computer that validates transactions on the blockchain) and
Aether Nodes (the bridge between legacy telco and World Mobile infrastructure, typically one per country).

Partnerships

Vodacom (part of the Vodafone Group) partnership was just announced on 20th December 2023. The Aerostat was launched in partnership with World Mobile. You can google and see the Vodcaom logo on the side of the blimp.
Fulham FC: World Mobile Logo on sleeves of the 11th ranked English Premier League football team
Epson: partnering to bring education to underserved communities (internet, computers, projectors and printers)

Stats (from www.wmtscan.com)

Users: 51,000
Average revenue per user: $1.50 per month in Africa, $55 per month in USA
Buyback: 18% revenue is used to buy WMT off exchanges every week (most recently US$4,213 / 30,094 WMT)
Total buybacks since May 2023: 591,214 WMT = US$74,197 at current price of $0.1255
Locations: Zanzibar (659 Air Nodes), Pakistan (circa 571 Air Nodes), USA (Reno, 5), Mozambique (1 Aerostat)
Air Nodes: 1235 currently shown on www.wmtscan.com
Earth Nodes: maximum 1000
Market Cap: $65M
Price: $0.1255
Circulating Supply: 519M

Forget 1 billion users by 2030. Imagine 1 million users. If US$4,357 is being bought weekly with only 57,000 users (at ARPU $1.50 per month, not the higher $55 in USA yet), we can extrapolate to 1 million users and expect US$76,000 per week being bought back. Imagine the buy pressure without even factoring investors. This is how we get mass adoption of crypto. Users using blockchain without knowing it.

https://www.coingecko.com/en/coins/world-mobile-token

6 thoughts on “Best DePIN projects”

  1. It seems to have potential, considering your description of the project. Although I’m not familiar with this, I believe the DePIN sector is growing. That’s why I’m keeping an eye on Peaq Network, which serves as the home for DePINs and is launching this year.

  2. When it comes to the best DePIN projects, peaq network shines as a top-tier hub. As a dedicated layer-1 blockchain, peaq not only focuses on tangible, real-world assets but also serves as a catalyst for other DePIN projects to thrive. Bridging the gap between traditional and digital assets, peaq stands at the forefront of the decentralized revolution.

  3. I didn’t know about World Mobile Token but it really got me interested. Will keep learning about it. If you are into telecom DePins, Moblile and regular Helium are probably worth checking out (private scale) or Weaver Labs (large public scale).

  4. I don’t have one specific, but a list. I like Iota’s Tangle, Weaver Lab’s Cell-Stack and CellNet, Helium’s LoraWAN. Jasmy is also a nice pick with strong use cases. DePin has great projects. Peaq got me very interested as well. I’m researching on it right now.

  5. This is a good area of Web3 that defines its core and original intention. I think it’s through this crypto will hit mainstream adoption. I learned about this area through Peaq. Looking forward to the launch, it could be this quarter. Aside from this, I’m fully into HNT, wifi, Krest, and rndr

  6. Although there has been an overwhelming buzz about DePINs, this project still looks solid. A partnership with Supra Oracles could be the key to take World Mobile Token to the next level. They have one of the best Oracle solutions in the space, as they provide super fast and reliable external data.

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