What Investors Need to Know
Sui DePIN, the first decentralized physical infrastructure network (DePIN) layer on the SUI blockchain, announces upcoming launch First DEX issuance (I do), marking an important milestone for the project.
Suide PIN allows users to control and profit from the AI models they participate in by decentralizing data ownership. Developers leverage user-generated data streams to create new avenues for AI advancement without relying on centralized platforms.
Sui Depin reveals IDO strategic partnership
Your DePIN has Announce IDO is coming soon to SuiPad, the largest native launchpad on the Sui network. The launchpad allows the community to participate in early token sales of highly vetted Tier 1 projects.
Another IDO launchpad partner is ape Terminal, billed as the largest launchpad in the industry. It has a whopping $1.84 billion in underlying assets and is said to be behind one of the most successful launches of 2024.
Dubbed the first modular data artificial intelligence network, Sui Depin has gained huge attention. It has more than 200,000 active users and more than 1.5 million AI nodes. According to Sui Depin, this traction follows strategic support From major players like Aethir Cloud Amazon Web Services (AWS).
These grants enabled Sui Depin to take advantage of The recent importance of SUI. Blockchain transaction volume also exceeded $570 million last month. The project’s fully diluted valuation (FDV) starts at just $2.55 million, underscoring its growth potential. Against this backdrop, Suidepin recently celebrated progress in 2024 in a post on X (formerly Twitter).
“2024 is an incredible year for Suidepin! We already have over 1.5 million active nodes, our list is set for January 6th and we’ve only just begun,” the post read.
The team also announced a roadmap for early 2025. Part of that roadmap is a snapshot of Season 1, which begins on January 9th. Reward distribution will begin on January 13th.
“We don’t think it makes sense to only reward users $1-3 for using the testnet. Instead, we will focus on rewarding fewer users with larger rewards,” the post added.
The announcement of the Suidepin IDO and its wider plans drove positive market sentiment. According to BeInCrypto data, the price of the SUI token increased by more than 8%, reflecting investor confidence in the project’s potential to achieve long-term value.
Elsewhere, the project has decided not to use Polka as a launchpad, citing a lack of support for Polka Solana network. This decision reflects Suidepin’s commitment to aligning with networks that complement its vision.
“We canceled sales of Polka because they did not support IDO’s Solana network. We launched on Sui and Solana, and other launchpads were assigned on the Solana network.” Sui DePIN articulated.
The Sui ecosystem continues to expand, with the recent launch of Chirp’s first Suide PIN Play-to-Earn game. Chirp combines gaming with decentralized infrastructure, creating new opportunities for user engagement and monetization. This novel approach highlights the versatility of the Sui blockchain. It also demonstrates its ability to support diverse applications beyond traditional DePIN use cases.
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