What Investors Need to Know

What Investors Need to Know

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but DePIN, the first decentralized physical infrastructure network (DePIN) layer on the SUI blockchain, has announced its upcoming debut Initial DEX Offer (I do), which represents an important milestone for the project.

By decentralizing data ownership, Sui DePIN allows users to control and profit from the AI ​​models they participate in. Developers are taking advantage of user-generated data streams, opening new avenues for AI advancement without relying on centralized platforms.

Sui DePIN reveals IDO’s strategic partnerships

There is your DePIN Announce Imminent IDO on SuiPad, the largest native launcher on the Sui Network. The launchpad allows the community to participate in early-stage token sales for carefully vetted first-tier projects.

Another partner of the IDO launch platform is monkey Terminal, which is advertised as the largest launch pad in the industry. It has as much as $1.84 billion in connected assets and is said to be behind one of the most successful launches of 2024.

Sui DePIN, known as the first standard data AI network, has gained significant traction. It has over 200,000 active users and over 1.5 million AI nodes. According to Sui DePIN, this follows the preposition Strategic support From major players like Aethir Cloud and Amazon Web Services (Aws).

These grants have enabled Sui DePIN to benefit from them Recent SUI Importance. The blockchain also recorded over $570 million in trading volume last month. The project’s fully diluted valuation starts at just $2.55 million, highlighting its growth potential. Against this backdrop, Sui DePIN celebrated her progress in 2024 in a recent post on X (formerly Twitter).

“2024 has been a great year for SuiDePIN! We have achieved over 1.5 million active nodes, and with our roster set for January 6th, we are just getting started. He reads.

The team also announced its roadmap for early 2025. Part of this roadmap is a snapshot of Season 1, which begins on January 9. The distribution of rewards will begin on January 13.

“We believe that rewarding users with just $1-$3 for using the testnet makes no sense. Instead, we will focus on rewarding a smaller number of users with much larger rewards,” the post added.

The announcement of Sui DePIN’s IDO and its broader plans fueled positive market sentiment. According to BeInCrypto data, the price of the SUI token has risen by more than 8%, reflecting investors’ confidence in the project’s ability to deliver long-term value.

SUI price performance. source: BeInCrypto

Elsewhere, the project decided not to use Polka as a launch platform, citing a lack of support for Solana network. This decision reflects Sui DePIN’s commitment to aligning itself with networks that complement its vision.

“We have canceled the sale on Polka because they do not support IDO’s Solana network. We are calling Sui and Solana, and other launchers have their own allocations on the Solana network,” Sui DePIN Articulated.

The Sui ecosystem continues to expand, with the recent launch of Chirp’s first Sui DePIN Play-to-Earn Toy. Chirp combines gaming with decentralized infrastructure, creating new opportunities for user engagement and monetization. This new approach highlights the versatility of the Sui blockchain. It also reflects its ability to support diverse applications outside the traditional scope DePIN use cases.

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