Blockchain technology has given the world the gift of decentralization. From decentralized finance to decentralized non-fungible tokens and even games with revenue mechanisms, the utility of decentralization extends infinitely within the virtual realm. However, the benefits of decentralization have now extended to the physical space.
DePIN (Decentralized Physical Infrastructure Networks) utilizes blockchain protocols to handle physical infrastructure projects in a novel way. Now that the concept has gained a lot of traction in the market, it’s time to take a look at the best DePIN tokens active in 2024.
The list of the best DePIN tokens in 2024 is as follows:
eTukTuk – The top DePIN token to promote environmental projects
Helium - DePIN Token to Power Decentralized Wireless Networks
Filecoin – DePIN tokens powering digital storage protocol
Akash Network – an open platform for buying and selling computing resources
IoTeX – DePIN tokens to power smart device connectivity
Theta Network – Providing hybrid cloud computing architecture
Livepeer - DePIN token for decentralized video infrastructure
IOTA – The DePIN Token to Power Digital Autonomous Networks
OpSec – Crypto project powering AI and decentralized cloud computing
Siacoin – DePIN Token to Power Decentralized Data Storage
Review of the Best DePIN Tokens in 2024
In this section, we will look at these individual projects in more detail, assessing why they have become dominant tokens in the decentralized physical infrastructure network space.
eTukTuk – The top DePIN token to promote environmental projects
eTukTuk is a blockchain project that is leveraging its environmentally friendly foundation, DePIN-focused narrative, and integration with artificial intelligence to create an ecosystem where electric vehicles can be well accepted.
The project’s decentralized physical infrastructure takes two forms. One is the Electric Vehicle Supply Equipment (EVSE), which is another name for charging stations. The other is ZEVs, or zero-emission vehicles, which are electric vehicles that emit zero emissions when driven on the road.
EVSE is the eTukTuk charging station, and the project is working to build these charging stations to provide users with cleaner energy. To achieve this goal, eTukTuk intends to work with its regional partners to build charging stations in each region. These charging stations will be connected to the eTukTuk network and will eventually be powered by solar energy.
Another element is zero-emission vehicles, these are eTukTuks that do not cause any damage to the environment when driving on the roads.
Powering the ecosystem will be the TUK token, a BEP-20 cryptocurrency that will power the eTukTuk sharing economy and have utility features such as power staking and gaming.
Through Power Staking, those who stake their TUK tokens will be able to earn income through revenue sharing. Every time an eTukTuk driver charges their vehicle on an EVSE using the driver app, they will use TUK as a transaction method. This fee will be distributed among the project's founders, TUK holders, and electricity suppliers.
eTukTuk is considered one of the best DePIN tokens currently because of its unique advantages in making green decisions beneficial and implementing them through electric charging stations. In addition, it is a pre-sale project that has already raised $1.5 million. Those interested in joining the green AI revolution can visit etuktuk.io to participate in the ongoing pre-sale.
Buy TUK
Helium - DePIN Token to Power Decentralized Wireless Networks
Helium is a DePIN token that has been active for many years and has established itself as a leading network providing wireless internet connectivity.
The project is a feature-rich project that is described as the wireless network of the future within the decentralized space. With the help of this platform, those connected to a physical Helium device can share some of the bandwidth with the Helium network, contributing to decentralized internet connectivity.
Contributing to the network has the same effect as mining, allowing users to earn HNT tokens in return. This approach not only makes the prospect of mining tokens cheap, but also helps to establish a unique "proof of coverage" mechanism.
The platform is described as an open alternative to standard Internet connections, with the added advantages of scalability and affordability. In addition, as LoRaWAN compatible, it leverages thousands of existing sensors, chipsets and MCUs to enable a simplified development approach.
In order to provide a strong ecosystem that incentivizes participation, Helium also provides developer tools to help users create hotspots. Through its integration of decentralized Internet connections, a variety of solutions have been established, including Abeeway, 1663, Actility, Airly, Allnet, and more.
Services provided by these platforms include IoT, air quality monitoring, indoor/outdoor location tracking, and more.
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Filecoin – DePIN tokens powering digital storage protocol
Filecoin is a DePIN ecosystem that provides digital storage space for important information.
The project builds a global data network where customers can make deals with network providers to store their data.
When a file needs to be retrieved, the same client can look on the network for a provider that may have the file and then access it.
Essentially, Filecoin provides a dynamic distributed cloud storage network for data. The stored data can be anything, including podcast data, personal files, contract data, websites, videos, dapp websites, private data, and public datasets.
To provide a truly decentralized data storage experience, Filecoin combines a peer-to-peer distributed network protocol called IPFS to free data from corporate control.
In addition, the entire network can be expanded, allowing users to contribute their own storage systems to the ecosystem. There are three types of cryptographic proofs on the platform that make data storage on the platform accessible and reliable. They include proof of space-time, proof of replication, and verifiable actions.
In addition to the storage mechanism, Filecoin also introduces an ecosystem in which users can create decentralized applications.
Buy FIL on Binance
Akash Network – an open platform for buying and selling computing resources
Akash is an open network that the official website describes as the world's top decentralized computing marketplace. It is an open network that allows for the secure buying and selling of computing resources.
Key features of Akash Network include an orchestration layer, which SDL has fueled to enable complex deployments on multiple platforms. The platform also features dedicated IP leasing, persistent storage, and P2P and private networks.
On the platform, users can deploy their own applications on the Akash market or monetize their cloud resources through the Akash market. The platform also provides users with Supercloud, a way for users to access a variety of services around the world and control their budget.
At the heart of this project is the Akash Token, or AKT. The AKT token is a utility token and a DAO cryptocurrency that provides a default mechanism for storing and exchanging value.
The token has a total supply of 228.95 million and plays a role in providing the reserve currency for Cosmos’ multi-chain and multi-currency ecosystem.
In addition, Akash Network is a community-owned project that has also integrated artificial intelligence and machine learning basics into its ecosystem. Akash Chat and SDXL are its leading text generation and text-to-image models.
Overall, Akash Network is an important developer-centric DePIN token. It makes cloud resources more accessible through its marketplace, and its secure platform for application deployment is great for newcomers.
Buy AKT on KuCoin
IoTeX – DePIN tokens to power smart device connectivity
IoTeX is a DePIN token that facilitates the interconnection between smart devices and provides them with decentralized applications in both virtual and physical realms.
The platform has been described as a go-to project for DePIN builders as it combines the security and accessibility of blockchain technology with IoT devices.
Since its launch, the platform has been featured in several media reports and supported by multiple awards. The Industrial Internet Alliance, IEEE, and the Confidential Computing Consortium have all recognized the platform. For Ucam, CES awarded IoTeX the CES Innovation Award.
IoTeX serves as a launchpad for blockchain projects. The ecosystem allows developers to create device-ready DePIN projects. The network has 100 delegators, is fully decentralized, and is considered the first platform to connect Web2 applications and Web3 applications.
To establish the connection between smart devices and blockchain, IoTeX leverages IoTeX W3bstream, an open infrastructure for computing and streaming device data to provide verifiable cryptographic proof of tokenized real-world actions.
The IOTX token drives the entire ecosystem. It has many practical functions, including staking, developing DePIN applications, and governance.
Buy IOTX on Binance
Theta Network – Providing hybrid cloud computing architecture
Theta Network is a decentralized platform for storing and streaming video, AI, and entertainment content.
Powered by TFUEL, Theta Network is compatible with multiple devices and enables users to share their PC, Mac, or Linux resources.
Like most projects, it leverages existing resources from individuals around the globe to ensure decentralization of the entire ecosystem. These attributes have been combined to form Theta Edgecloud, the project’s first hybrid cloud computing platform.
So far, Theta Network has 29 validator nodes, 9,803 active nodes, and 2,956 guard nodes.
Theta Network’s video infrastructure includes low-cost Web3 video APIs, MetaChain, NFTs for DRM, a global network, and enterprise validators.
Theta Network's ecosystem also has a wallet that supports multiple wallet platforms such as Web wallets, IOS wallets, Android wallets, and Metamask.
Buy THETA on Binance
Livepeer - DePIN token for decentralized video infrastructure
Similar to Theta, Livepeer provides a decentralized infrastructure for video sharing. However, the platform is limited to video sharing, streaming, and storage.
The official website describes it as an open video infrastructure, this Web3 project supports on-demand and live streaming. Through its decentralized approach, the platform aims to provide an ecosystem that gives viewers control over their experience and gives creators autonomy over their content.
Investors can play one of three roles on the Livepeer network. As developers, they can develop live and on-demand video experiences in their own applications.
Orchestrators are similar to validators, running Livepeer nodes and contributing their GPUs to perform video transcoding.
Beginners who do not have the technical knowledge to become orchestrators or developers can become delegators, allocating a certain amount of LPT tokens to help orchestrators run their GPU nodes.
In exchange, these entities will receive a portion of the revenue from broadcasting fees from Livepeer. Overall, Livepeer has found its utility in many open protocols, which has led to the emergence of many decentralized video applications. Some of the notable applications are Bonfire, Beem, StreamETH, Lenstube, and many more.
Buy LPT on Binance
IOTA – The DePIN Token to Power Digital Autonomous Networks
IOTA is a different form of distributed ledger technology, a protocol that is supposed to be frictionless and free for the transfer of data and value.
Built for the Internet of Things, this decentralized network facilitates the exchange of value between people and devices. On this platform, neither block producers nor miners are involved in the transaction process. The process of a transaction involves validating two other transactions simultaneously. This property addresses the scalability limitations of blockchain-based decentralized networks.
The platform is powered by Tangle, a blockchain alternative that keeps immutable records and facilitates data and value exchange. It uses directed acyclic graphs, which facilitate parallel transactions. It has low resource requirements and enables zero-fee transactions.
Other features introduced by IOTA are fast transactions, quick finalization, and security.
Due to its unique architecture, IOTA has found its niche in three specific areas: social impact, global trade, and digital identity.
IOTA has also found use in providing sustainable solutions for projects involving social impact. Due to its fee-free approach, transparent and inclusive public services are possible.
In the world of global trade, IOTA has utility in customs and border management and data tracking, and can also enable the creation of digital equivalents of physical data.
In the field of digital identity, users can leverage IOTA to establish self-sovereign identities and create digital identities that meet regulatory compliance.
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OpSec – Crypto project powering AI and decentralized cloud computing
OpSec is a DePIN project that provides decentralized artificial intelligence and cloud computing solutions to the public.
The platform provides a more democratic and secure way to use cloud computing resources by creating a secure and decentralized digital ecosystem. Its main features include high-level security, private IP addresses, enhanced AI cloud computing, and a decentralized physical infrastructure network.
The platform has multiple features including OpSecCloud Bot, OpSec Cloudverse, OpSecure Mesh and DeepSec AI.
OpSecCloud Bot is a system that prioritizes the security of projects and is a platform that facilitates the creation of decentralized applications.
Through OpSecCloudverse, users can get remote access modules that allow them to remotely control blockchain nodes and servers. Developers also use OpSecCloudverse for trading, gaming, and hosting decentralized applications.
OpSecure Mesh provides security to the ecosystem through encryption. It includes an IP pool of 7 million IP addresses, unlimited threads, exclusive user password authentication, country targeting, and rotating sessions for optimal performance.
The platform also introduced DeepSec AI for penetration testing authentication and video conferencing systems. It is one of the newer blockchain projects to emerge in 2024. However, its DePIN architecture can find multiple utility in the crypto space.
Buy OPSEC on Uniswap
Siacoin – DePIN Token to Power Decentralized Data Storage
Siacoin is a DePIN token that powers decentralized data storage. Through the Sia ecosystem, users can access a trustless cloud storage market without any intermediaries.
Users can rent storage space on the Sia network to those who need it in exchange for profit. Hosting space requires downloading the "hostd" software from the platform.
Those who want to rent storage space must download the "renterd" software to complete the task.
The storage method implemented by Sia is very simple. First, files are segmented and encrypted before being stored through smart contracts. People who host or rent space on the platform must pay in the form of Siacoin. For those who wish to increase the duration of the rental, the smart contract is updated over time.
When a renter needs to retrieve a file, the custodian must prove they hold the data.
Siacoin’s decentralized storage integration makes it a suitable DePIN project for those seeking a more decentralized way to store data in the cloud.
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What is DePIN?
DePIN is the abbreviation of Decentralized Physical Infrastructure Networks. These are applications that use blockchain technology and decentralized methods to create distributed physical infrastructure to meet various needs.
What is DePIN token?
DePIN tokens are cryptocurrencies that support decentralized physical infrastructure networks. These tokens leverage blockchain technology to provide decentralized projects with the ability to create and maintain decentralized physical infrastructure.
How does DePIN work?
How DePIN projects work depends on the domain they are associated with. However, they have one thing in common in terms of providing decentralization of physical networks - sharing computing resources, whether in the form of hardware or software.
We can explain the full functionality of DePIN through the example of shared resources. Take a network that supports computing resources as an example. The provider of this DePIN network will provide hardware to the node operator so that the operator can share its resources and connect to the network.
The DePIN network itself will host these shared resources, allowing others to utilize them. In most cases, those who want to rent these resources can trade them on the resource market using the project’s native cryptocurrency. For example, eTukTuk uses TUK tokens to charge its vehicles.
Similarly, Theta Network uses THETA to facilitate video sharing and sharing of other artificial intelligence and entertainment assets. Therefore, in order to enjoy these services, users need to purchase these cryptocurrencies.
In summary, this is how a decentralized physical infrastructure network connects physical resources on a global scale and provides decentralized solutions.
How did we select the best DePIN tokens?
We have selected the best DePIN tokens on the market based on the following points.
Popularity of the project
We first considered popularity. The more popular a project is, the more relevant its use case is. Therefore, we looked at the most popular cryptocurrency trends and found projects that support DePIN. We also looked at the market capitalization of these popular projects to judge their profitability.
Practicality of the project
The second factor we consider is the practicality of the project. Cloud computing solutions, while relevant, may not be easy for someone looking for a beginner-level cryptocurrency. Therefore, we look for practical projects that are considered accessible and have growth potential. Livepeer is a decentralized video streaming platform, eTukTuk is an environmentally friendly project that promotes electric vehicle charging, Helium provides decentralized internet connectivity, and many more.
Long-term potential of the project
For a project to be profitable in the long term, it is necessary to study its long-term potential. Therefore, the third key factor we consider is long-term potential. While most DePIN tokens have global visibility, only a few projects may be able to advance according to their roadmap. To find the best projects among them, we look for DePIN tokens that have shown strong development in the past. We fetched some updates on Twitter to get a better understanding of these projects.
in conclusion
In this guide, we take a closer look at the best DePIN tokens active on the market. We also discuss definitions of terms and provide our methodology for selecting these projects.
DePIN tokens are starting to gain traction as the community demands projects with utility that is not limited to the digital realm. In this regard, eTukTuk has emerged as one of the best DePIN tokens. It drives a simplified ecosystem where a decentralized network is built and connected to electric charging stations, allowing people to embrace a more environmentally friendly mode of transportation.
This narrative and the future upside potential of eTukTuk has enabled it to raise $1.5 million in its ongoing presale. Interested parties can participate in the project’s presale today by visiting etuktuk.io.
Buy TUK
FAQ
What is DePIN Token?
DePIN tokens are cryptocurrencies that support decentralized physical infrastructure networks. These tokens leverage blockchain technology to provide decentralized projects with the ability to create and maintain decentralized physical infrastructure.
Which is the best DePIN token investment today?
There are a large number of DePIN tokens on the market. However, after our research, the best DePIN token is eTukTuk. It is an environmentally friendly crypto project that powers charging stations and aims to create an ecosystem that makes it easier for people to accept electric vehicles.
Is it too late to buy an eTukTuk now?
It is not too late to buy eTukTuk now as the token is still in the pre-sale phase. Therefore, those who are interested can grab this opportunity to participate in the project early and join the green AI revolution.
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