CandleFocus What DePIN got wrong and how to fix it | Opinion
2024-12-03
Author: Content Editor
The article discusses the challenges and issues faced by decentralized physical infrastructure networks (DePINs) in the crypto industry. It emphasizes the importance of sustainability and the need for a demand-driven approach in these projects. The article criticizes the fixation on native tokens as a fatal error, citing examples like Helium (HNT) as a memecoin lacking utility. It also warns of misaligned incentives, inflated prices, and token burning in some projects. The focus should be on creating demand-driven solutions and attracting more clients. The article suggests the use of stablecoins for distributing rewards and emphasizes the need for careful planning and research in DePIN projects. It concludes by highlighting the transformative potential of blockchain technology in emerging markets but cautions against unnecessary distractions and legal/regulatory issues.
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