In the current blockchain field, the decentralized physical infrastructure network (DePIN) sector is experiencing significant growth. Recently, a survey conducted by the CoinList platform showed that DePIN ranks first among the project categories users are most looking forward to, reflecting the widespread attention in this area.

Against this backdrop, the L1 project U2U Network, which focuses on DePIN, announced a partnership with CoinList to launch an exclusive incentivized mainnet event, becoming the first DePIN project to kick off a growth plan on CoinList in the fourth quarter of 2024.

Strong DePIN Trend, U2U Network Provides "New Infrastructure"

As one of the most promising technologies today, DePIN is effectively responding to doubts about the blockchain industry. This technology is not a passing fad but represents a fundamental transformation in infrastructure management. By decentralizing core services such as computing, energy, and telecommunications, DePIN demonstrates scalability, resilience, and cost-effectiveness that traditional centralized systems cannot match. This innovation not only drives technological advancement but also creates wealth growth opportunities for groups outside the traditional economic system.

Market data shows that the development momentum in the DePIN sector is strong. According to Coingecko statistics, the market capitalization of this sector has exceeded $33.6 billion. A report released by Messari in 2023 even predicts that the DePIN market potential could reach $2.2 trillion, expected to grow to $3.5 trillion by 2028. Currently, major DePIN projects have collectively secured over $1 billion in investments, highlighting investors' strong confidence in this field.

U2U Network is committed to addressing the fragmentation issue in the DePIN market. It employs advanced DAG (Directed Acyclic Graph) technology, combined with EVM (Ethereum Virtual Machine) compatibility, to support customized independent network deployments through innovative subnet technology. This architecture ensures high performance and rapid certainty in transaction processing, providing developers with efficient tools to build and launch DePIN while enabling users to connect, contribute, and earn from various DePIN projects.

Based on its strong technical capabilities, U2U Network has successfully attracted investments from numerous top institutions, including Kucoin Ventures, Chain Capital, IDG Blockchain, and has gained support from strategic partners such as JDI, Cointelegraph, Crypto Assets Japan, and V3V Ventures.

Partnering with CoinList to Launch Mainnet Incentive Program

As a leading global token issuance and distribution platform, CoinList has successfully incubated several star projects, including Filecoin, Near, and Solana. Following its successful support of peaq, U2U Network has become the first DePIN project to launch a growth plan on the CoinList platform in the fourth quarter of 2024, marking the platform's continued optimism towards the DePIN track. The U2U Incentivized Mainnet Saga Campaign serves as the core of this collaboration and will provide the following participation opportunities:

• Event Duration: 90 days (from November 12, 2024, to February 10, 2025)

• Reward Scale: 10 million U2U tokens

• Participation Method: Bridge USDT through Owlto Finance to obtain pUSDT and stake it

Future Outlook

In addition to its collaboration with CoinList, U2U Network will also partner with the cryptocurrency exchange Bitget to further expand its ecosystem influence. Furthermore, the project plans to complete its official listing in the fourth quarter of 2024, continuously promoting innovation and application of DePIN solutions.

Note: The U2U incentivized mainnet event is not open to residents of specific jurisdictions such as the United States (and its territories) and Canada. Investors should fully understand the associated risks before participating and comply with the laws and regulations of their respective regions.

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