The DePIN Explorer - DePIN Scan

Wingbits Raises $5.6M to Revolutionize Rewards-Based Plane Tracking with DePIN Technology Wingbits, the Web 3.0 startup based in Stockholm, Sweden, has secured $5.6 million in funding led by Borderless Capital and Bullish Capital, with support from Spartan Group, Tribe Capital, Antler, SNZ, and Heartcore. This funding round brings Wingbits' total funding to $9.2 million as they introduce the first decentralized physical infrastructure network (DePIN) for aviation. The company aims to become the largest airplane tracking network globally by implementing well-designed incentives and execution strategies, as stated by Álvaro Gracia, Partner at Borderless Capital. This recent funding follows a $3.5 million seed round just six months ago, supported by investors like Borderless Capital, Tribe Capital, and Antler. Co-founded by Robin Wingardh and Alex Lungu, Wingbits has experienced rapid growth, expanding its network at a rate six times faster than any previous flight tracking system. Alasdair Foster, CEO of Bullish Capital, expressed excitement about partnering with Wingbits, highlighting their disruptive approach to the flight tracking industry by utilizing blockchain to incentivize high-quality data supply.

Senator Lummis Advocates for US Strategic Bitcoin Reserve Senator Cynthia Lummis is expected to make a significant announcement today at 10 a.m., potentially unveiling a major development in her ongoing efforts to establish a US strategic Bitcoin reserve. Lummis, known for her advocacy in this area, has hinted at the importance of the upcoming announcement through social media posts. The announcement follows her introduction of the BITCOIN Act in July 2024, which proposes that the US Treasury acquire 1 million Bitcoins over five years, with a mandatory 20-year holding period to address inflation concerns and strengthen the dollar. The speculation surrounding Lummis's announcement today centers on her potential selection as chair of the digital assets subcommittee within the Senate Banking Committee. While the focus of the announcement remains uncertain, there is anticipation that it may align with updates on the US strategic Bitcoin reserve. The proposed Bitcoin reserve strategy has garnered support for its potential to enhance the US dollar's stability by incorporating Bitcoin as a complementary asset.

On January 24th at 6 PM (UTC+8), Roam will officially launch its "Pilot Burning Pool," allowing users to exchange $ROAM tokens by burning Roam Points. This initiative coincides with the Spring Festival and aims to familiarize users with the burning pool mechanism while maximizing the benefits of Roam Points. Users can contribute a minimum of 500 Roam Points and select a burning period. The burning pool features a dynamic conversion rate that varies based on the total burned points and the number of tokens generated during specific time frames, encouraging users to choose optimal burning timings for better returns. After the Token Generation Event (TGE), users can claim their generated $ROAM tokens in their personal Roam wallets. The burning pools consist of three distinct categories: the General "Burning" Pool, which is open to all Roam users for a straightforward participation experience; the Miner "Burning" Pool, tailored for Roam router holders, offering a higher exclusive conversion rate; and the Sticker "Burning" Pool, specifically for Roam Sticker holders, where the burnable points are determined by the number and rarity of their Stickers. Notably, burned Roam Points will be permanently destroyed, while users can earn points through various activities such as adding WiFi nodes, checking in, and inviting friends. Additionally, miner users can enhance their points through mining activities and deploying routers. Roam has seen significant growth, with over 2.5 million registered users across more than 200 countries and regions, and boasts over 1.5 million self-built WiFi nodes. According to the Messari 2024 DePIN report, Roam ranks among the top five DePIN projects globally, with over a million active nodes, maintaining its position as the leader in the DePINscan hardware node rankings. ChainCatcher advises readers to approach blockchain developments with a rational mindset, enhance their risk awareness, and exercise caution regarding virtual token issuances and speculative activities.

Bybit has announced the upcoming listing of Network3 (N3) on its Spot trading platform, with a timeline set for deposits, trading, and withdrawals. N3 deposits will open on January 21, 2025, at 10 AM UTC, followed by the listing on January 22, 2025, at 8 AM UTC. Withdrawals will commence on January 23, 2025, at 10 AM UTC. Users will be able to trade N3 via Spot Grid Bots, and deposits and withdrawals will be facilitated through the Solana network, enhancing the trading experience for users. To celebrate the listing, Bybit is hosting two special events aimed at rewarding users. The first event, titled "Token Splash - New User Exclusive," runs from January 21 to February 5, 2025. New users who register and complete identity verification can earn from a prize pool of 2,800,000 N3 by depositing at least 2,000 N3 or trading 100 USDT worth of N3. The first 4,666 new users to meet these criteria will each receive 600 N3. The second event, also called "Token Splash," invites users to trade at least 200 USDT worth of N3 during the same period to share in a 1,200,000 N3 prize pool, with rewards capped at 16,000 N3 per user. Network3 is a pioneering technology focused on creating a decentralized edge AI infrastructure. It utilizes advanced technologies such as AI model optimization, federated learning, and edge computing to support global AI developers in enhancing their model inference and training processes. With over 570,000 active nodes across 188 countries and a download volume exceeding 50 million, Network3 is positioned as a leader in building a fair and efficient AI ecosystem. The upcoming listing on Bybit marks a significant milestone for both the platform and the N3 project, promising exciting opportunities for traders and investors alike.