CoinList to Grow DePIN Marketplace with First DePIN Collaboration with U2U Network This Fourth Quarter

(PRESS RELEASE – HO CHI MINH, Vietnam, November 17, 2024)

Recently, CoinList conducted a survey asking users: “Which category of projects do you most want to see on CoinList?” highlighting the growing interest in decentralized infrastructure solutions. Following this, CoinList announced an exciting partnership with U2U Network, a DePIN-focused layer 1, for an exclusive pre-listing campaign.

DePIN – More than just a trend

Decentralized Physical Infrastructure Network (DePIN) is emerging as a technology aimed at changing the way infrastructure is managed. By decentralizing services such as IT, energy and telecommunications, DePIN seeks to provide scalability, resilience and cost-effectiveness beyond what centralized systems typically offer.

This innovation represents a new phase of technological progress, one that expands access and creates opportunities for communities historically excluded from economic growth. The impact of DePIN is expected to be significant

As of November 2024, the DePIN sector had a market capitalization above $33.6 billion, according to CoinGecko. Venture capitalists are increasingly investing in DePIN projects, demonstrating strong interest in the sector. A 2023 report from Messari puts the market potential for DePIN at $2.2 trillion, with projections expected to reach $3.5 trillion by 2028. To date, DePIN projects have collectively raised more than a billion dollars in funding, reflecting growing investor confidence in this area.

CoinList, the leading IDO platform in crypto, recognized the potential of DePIN and joined the market with many successful DePIN projects such as Filecoin, NATIX, Koii, peaq, etc. Following the recent successful listing period of Peaq, CoinList has just announced its new collaboration with U2U Network, the leading DePIN Layer1 in Asia, for a new pre-listing campaign.

Coinlist x U2U Network: Mainnet saga campaign instigated by U2U

The U2U Network, backed by Kucoin Ventures, Chain Capital, IDG Blockchain, JDI, Cointelegraph, Crypto Assets Japan and V3V Ventures, is the only DePIN project selected for collaboration by CoinList in Q4 2024, a clear sign of its innovation and his leadership. As a modular Layer 1 network, the U2U network uses advanced Directed Acyclic Graph (DAG) technology and compatibility with the Ethereum Virtual Machine (EVM) to provide fast transactions and rapid finality.

The U2U network aims to address the fragmented nature of the DePIN market, where full integration between applications is rare. Its vision is to create a complete blockchain solution for DePIN. The network’s unique subnetting technology enables the creation of customizable, independent subnets that provide scalability and flexibility suitable for DePIN applications. This design delivers high performance, strong security, and adaptability, giving developers the tools to efficiently create and launch DePINs while allowing users to connect, contribute, and earn through various DePIN projects .

CoinList’s partnership with U2U Network reflects their shared commitment to advancing the DePIN industry. This collaboration is highlighted by the U2U Incentivized Mainnet Saga pre-registration campaign, marking a key milestone in driving the growth and adoption of DePIN technology. With a way to win with this campaign to access $U2U tokens before they hit the market.

Users now have the opportunity to earn $U2U tokens by linking $USDT on Owlto Finance to receive $pUSDT, then staking $pUSDT into the U2U incentive staking pool. A reward pool of 10,000,000 $U2U tokens has been allocated for this initiative.

Chronology: 90 days, from November 12, 2024 to February 10, 2025

For more information, users can visit:

Beyond its partnership with CoinList, U2U Network is preparing to embark on an ambitious campaign with Bitget, one of the world’s leading cryptocurrency exchanges and Web3 innovator. This collaboration marks another important milestone in the U2U Network’s mission to expand its reach and influence within the DePIN ecosystem. Stay connected with the U2U network social networks for upcoming details on this exciting adventure.

The future continues

As excitement grows within the community following U2U Network’s pre-listing campaigns, the planned listing is expected to launch in Q4 2024. With its vision to be a complete blockchain solution for DePIN, U2U Network is poised to take the blockchain space by storm, bringing robust innovation and value to its ecosystem and users. As listing approaches, the path forward for the U2U Network promises exciting opportunities and significant contributions to the blockchain industry and beyond.

About the U2U network:

The U2U network is a modular L1 with subnetting technology perfectly suited to DePIN. Their backers include Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Venture, V3V Fund, Web3Port and others. The project also has partnerships with AWS, Klaytn Foundation, IoTex, Waterdrip Capital, Chain Catcher, etc. KOLs who have invested in the U2U network are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony, etc.

Mainnet is ready with over 180,000 wallet addresses. The DePIN subnet launched with the U2DPN product with over 155,000 downloads, 59,000 contributing nodes and 9,000 DAU in 3 months of launch. 80 dApps engaged in on-chain construction (EVM compatible) range from crypto applications (Defi, Gamefi, SocialFi, etc.) to real-world scenarios (storage, data mining, etc.), and over 40 DePIN projects signed by a memorandum of understanding and in the process of integration, 25 other projects in preparation.

About the Host VTIS

Vietnam Tech Impact Summit 2024 (VTIS) – The premier technology event in Vietnam.

VTIS is a hub of transformative innovations, serving as a “gateway to Vietnam’s emerging technology market.” VTIS connects global experts, businesses, investors and technology enthusiasts across all technology sectors. Focusing on 4 themes: Fintech, AI, Blockchain, Gaming, VTIS will unlock market access, partnerships and investment opportunities for startups. Hosted by SSI and FPT Group and organized by SSID.

Website: Vtis.io

REFERENCE:

• Top depin coins by market cap (undated) CoinGecko. Available here (Accessed November 12, 2024).
• Kassab, S. (2023) The DePIN Sector Map, Messari Crypto News. Available here. (Accessed November 12, 2024).
• The 8 most funded Depin projects of all time (in millions of US dollars). Available here. (Accessed November 12, 2024).