trip protocol solana

Pay less. Earn more. Get rewarded.

With TRIP, riders pay less, much less. Drivers earn more, much more. And early adopters get rewarded.

A New Kind of Rideshare

We use web3 rewards to motivate early adopters to recruit new users.

Genesis City

How it works.

TRIP only takes 15% of the ride fare compared to legacy rideshare companies who take an average of 44%.

Legacy rideshare passes on the costs of advertising and recruiting with high fares while TRIP removes those costs using web3 incentives.

Get Rewards

Earn NFT rewards when you ride, drive or invite others to the network. Rewards are added as the network grows.

Own the network.

TRIP is an open protocol made up of riders, drivers and more who all have a role to play in shaping the network. Want to learn more? Check out the Litepaper.

Just like the rideshare you know, but with much lower fees.

On the surface, riding with TRIP is familiar. If you have ever used Uber, it works the same way. You open the app, enter your destination, get in a car, and go. Safety is a priority on TRIP provided through licensed operators and verifiers.

Everyone needs transportation, and TRIP will evolve into the last mile protocol that moves people and goods.

Drivers are backbone of any rideshare network. They courteously pick up riders and help them get to their destination. On TRIP, drivers earn more, and earn network rewards for driving.

These are local rideshare companies that match riders and drivers. They comply with their local regulations, provide insurance, and ensure rider & driver safety.

They add a level of trust to the network by conducting comprehensive verifications required by local laws, which include background checks, vehicle inspections, and identity validation.

Teleport is the first mobile app on the TRIP network providing the interface for The Rideshare Protocol. You can download Teleport in the iOS app store today.

Frequently Asked Questions

To get an invitation, join the TRIP Community on Telegram and ask for one there.

You earn TRIP Rewards by building the network. Building the network means riding or driving on the network or inviting riders and drivers.

TRIP Rewards are NFTs. What can be done with NFTs can be done with TRIP Rewards. Once the network is decentralized, the system may evolve pending votes from the governance.

Right now, TRIP is probably not available in your city. That said, we want to be in your city as soon as possible. We are on track for the Genesis City to be live on the network in February, 2024. We haven’t announced which city it will be. That said, it will be in Texas. From there, which cities are next live on the network will be community driven.

Being on Android is important to us. We don’t have a release date we can share yet but it’s on our radar. Join the waitlist here: https://www.teleport.xyz/waitlist

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What You Need to Know About Teleport

Solana depin project decentralizing rideshare.

Markets are up this Thanksgiving, with $BTC inching up towards $38k.

Besides the usual $BTC and $ETH, more market participants are including $SOL on their list of top-tier assets to hold during a bull market.

One aspect of Solana that many might not know about is its growing ecosystem of Decentralized Physical Infrastructure Network (DePIN) projects.

In a previous edition , we briefed readers on Blackbird , an app rewarding users with tokens and other rewards for dining at certain restaurants. In today’s edition , we’re giving you the scoop on Teleport, a decentralized ride-sharing platform.

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- Blast Blockchain Attracts $225M Amid Skepticism: Despite concerns, the upcoming Blast layer-2 blockchain has secured over $225 million in staked assets, with its unique reward system drawing attention.

- Binance's Ex-CEO CZ Faces U.S. Travel Restrictions: Changpeng Zhao, former CEO of Binance, is barred from leaving the U.S. until his February sentencing for violating the Bank Secrecy Act, with prosecutors citing flight risk concerns.

- Kraken's Co-Founder Comments on Binance Settlement: Jesse Powell of Kraken reflects on the fairness in the crypto industry following Binance's $4.3 billion fine and the ongoing challenges for crypto exchanges.

- Bitcoin User Pays Record $3.1M Transaction Fee: A Bitcoin user accidentally paid a staggering $3.1 million fee for a single transaction, setting a new record in the cryptocurrency network.

- $UNI and $MATIC are leading with substantial Smart Money inflows, $208,424 and $145,240 respectively, indicating a strong market presence.

- Other significant inflows are seen in $BLUR with $106,295, showing robust growth, and $HarryPotterObamaSonic10Inu with $100,086, reflecting a notable uptrend.

- $MMX and $ARB are experiencing the highest Smart Money outflows , $234,005 and $213,056 respectively, despite their market cap strength.

- Other assets like $SNX and $ATOR also faced outflows, with $ATOR notably down 6% in the last 24 hours after its roadmap update.

Background on Teleport

Teleport is a decentralized rideshare platform.

Teleport is building decentralized ride sharing, allowing creators to publish their own local ridesharing apps in their region.

The platform is apart of a growing ecosystem of DePIN projects including:

Render allows users to monetize their extra GPU space. RNDR has seen a significant pump recently and is one of the top AI tokens in crypto.

(Read our Analyst Insight on Render here )

Hivemapper aims to develop the world’s most up-to-date & AI-powered map, by rewarding contributing drivers with dashcams in $HONEY tokens.

Helium incentivizes users to provide local hotspot coverage in exchange for native $HNT tokens.

to name a few…

Insights Behind Teleport

Paul Bohm, Founder of Teleport, explains that his interest in decentralization dates back to 2012, not just 2016.

He shares his background as a protocol designer at Dropbox and how he became fascinated with BTC. 

Paul discusses the Byzantine General 's problem and how Satoshi 's solution inspired him to explore decentralization further. He highlights examples like controlling Twitter or centralized issuance of money, where centralized authority can lead to abuse of power. 

Paul believes that decentralizing ride-sharing is important due to past instances of pricing authority abuse in marketplaces. 

Ridesharing platforms involve middlemen who are incentivized to charge customers as much as possible, while not necessarily paying drivers more.

Paul adds that this creates a squeeze in the middle where the platform maximizes its own profits at the expense of both drivers and customers.

Switching from one ride-sharing platform to another requires coordination among drivers and riders.

If everyone could switch over simultaneously, it would be ideal, but achieving this is challenging due to network effects. Uber and Lyft argue that their drivers are independent contractors , which gives them control over pricing.

Paul proposes a similar approach for ride-sharing as $BTC's decentralized issuance, where drivers and riders are incentivized through market price competition and network rewards.

This combination of decentralization and coordination is crucial for the success of a new ride-sharing protocol.

How Teleport Works

Teleport is a mobile application that connects to rideshare servers.

It is centralized in the sense that it needs to comply with app store requirements, but it does not store any data on its servers.

Teleport can talk to any rideshare server, as all transactions, reputation, identity checks, and money flows are compatible across the Trip protocol.

The protocol allows for multiple client apps to be built on top of it. 

Paul says that to create a successful ride-sharing protocol, it needs to be both decentralized and have effective distribution.

Teleport serves as the entry point to the protocol, while the actual protocol itself is not teleport.

Cryptocurrency enables decentralization by allowing different clients to participate in the system.

Effective distribution mechanisms, such as referral systems or affiliate marketing, help attract users to the platform.

$BTC’s success was attributed to its innovative product combined with rewards that incentivized early adoption.

Paul says that a successful ride-sharing protocol requires a system that is both decentralized and has effective distribution mechanisms.

Achieving decentralization means allowing different clients to participate in the protocol.

Effective distribution ensures that the protocol gains widespread adoption among drivers and riders.

Teleport determines the user's location and connects to rideshare servers in their local area.

Rideshare servers are operated by licensed, insured providers who offer customer support and services. Multiple operators can be connected to. 

Paul says that when a rider orders a ride, Teleport negotiates with the drivers connected to the local operators for a fair rate.

Different operators may offer different rates.

The transaction is facilitated through the Solana network using USDC or a credit card payment. 

This helps maintain operator honesty and encourages competition based on service quality as well as price. 

Teleport is not directly involved with rideshare operators that connect customers, drivers, and riders.

It acts as a web browser for the open web and can communicate with any rideshare server.

There is a distinction between Teleport and rideshare operators is similar to using Google Chrome as a web browser while accessing different websites hosted by separate servers.

Teleport's compatibility with various operators ensures decentralization within the Trip protocol framework. 

Why Build Teleport on Solana?

Transactions on the Solana blockchain allow for provable revenue, enabling rewards for real rides and ensuring accurate ETA reporting by operators. It also promotes competition based on price and quality of service among operators. 

Using Solana allows for provable revenue , making it possible to reward users for real rides and provide proof of revenue to entities. 

Transactions on Solana enable accurate ETA reporting by comparing the estimated time of arrival provided by operators with actual customer experience feedback.

Teleport is rewarding their users with cNFTs weekly.

The cost of an NFT is relatively low compared to other industries, but using cNFTs can result in higher costs due to network congestion on Solana.

Governance is essential in decentralized systems to make decisions such as updating information, determining verifiers, and selecting operators for different locations. Instant settlement is crucial for services like ride-sharing, where users cannot wait for long transaction times.

There are non-monetary transactions and data on-chain that also require regular updates.

How Governance Plays a Role

Governance plays a significant role in decentralized systems, allowing users to have a say in decision-making processes.

Users who hold cNFT badges may have influence over certain parameters within the network.

A separate governance token on Solana may be created to facilitate participation in governance decisions.

Paul says that the level of excitement and participation in governance among users of Teleport is still evolving, with questions about voting mechanisms and representation.

Governance can operate on multiple levels, including addressing issues at the local level and allowing users to blacklist specific operators.

He adds that the presence of multiple operators in a market prevents excessive pricing by any single operator. U

sers have the option to choose alternative operators if they feel that existing ones are corrupt or not treating drivers well.

Paul says that starting a competing operator with fairer pricing is a form of governance and ensures competition within the network.

While governance is important, most users may not be actively involved on a daily basis.

However, having the ability to voice concerns or exit when necessary is crucial.

Go-to-Market and Market Forces

Crypto could help coordinate drivers and riders by providing incentives for both parties to join the network.

Attracting demand from users like downloading an app can be challenging but can be addressed through marketing strategies.

Decentralized protocols aim to reduce fees charged by centralized services like Uber , ensuring that more earnings go directly to drivers.

The presence of multiple local operators prevents centralization at one layer but still requires effective governance mechanisms to maintain fair competition.

Uber spends about 2.5 billion dollars per year on fixed costs, which include buildings, employees, and debt interest payments.

Fixed costs account for only 20% of Uber's total cost.

The remaining 80% is attributed to the cost of revenue or goods served, including marketing expenses related to specific rides.

By spending money on acquiring new drivers and paying them less, Uber can generate higher revenue as a monopolist.

Supply and demand elasticity plays a role here - if drivers are paid more, they tend to spend more hours driving, leading to more drivers coming online.

Similarly, lower prices attract more customers.

This strategy is only possible due to Uber's monopoly status.

He adds that to provide utility and good response time in a specific metropolitan area, it is essential to have an atomic network with drivers available locally. The number of drivers needed depends on factors such as idle time and wait time for customers. In New York City, for example, approximately one driver per square mile is required to provide good service.

A local market includes a specific metropolitan area where drivers can realistically serve customers.

Factors such as idle time for drivers and wait time for customers determine the quality of service.

In New York City, a response time of three to five minutes is considered acceptable.

An agent-based model combines census data with information from transportation network companies (TNCs) to determine the number of cars needed in a specific location.

By randomly placing drivers on a map based on population density, it is possible to calculate how many cars are required to meet demand.

If enough drivers and riders join the network, it becomes possible to lower rates while increasing earnings for drivers.

This approach relies on permissionless marketing, where individuals recruit each other instead of relying on corporate budgets.

It is uncertain who the first customers will be, but leveraging the "degen energy" of crypto enthusiasts could be a possibility.

The subset of Uber drivers who are also crypto enthusiasts may be early adopters of rideshare services powered by blockchain technology.

The potential market size for ride-sharing is significant, with estimates ranging from $300 billion to $800 billion dollars by 2030.

If the protocol votes for a 5% protocol fee, it could result in lower fees compared to Uber's up to 40% fee.

How Drivers, Users, and Dispatchers Get Started on Teleport

Paul says that drivers can begin building their business on the protocol by obtaining the necessary licenses and insurance. Setting up dispatch in different cities is relatively straightforward, with interest already shown by large limousine companies. Dispatchers have incentives such as setting their own pricing and potentially earning 5% of each ride.

He says that initially, coverage may be limited city by city. A trip explorer feature will be launched, similar to other platforms like Solana Compass or Solana Beach, to provide an overview of available markets. Currently, there are operators in Texas and Florida, allowing passengers in those states to connect with local operators.

Paul says that drivers, writers, operators, verifiers, and balances can earn network rewards through weekly issuance. It is not necessary for everyone to understand the protocol initially; a small portion of people adopting it can create a positive impact. The rewards serve as an attractive extra benefit for users. Being one of the first users in a city where the protocol works reduces risk and creates a sense of being part of something new.

Paul says that Teleport offers coordination tools and rewards that can be appealing in a market with substantial potential. Users may find it attractive due to lower fees, higher driver earnings, and the opportunity to earn rewards.

He adds that early adoption can lead to reduced risk and increased confidence in the protocol's success. Different individuals may have different perspectives on the usefulness of the rewards and benefits offered by the protocol.

How to Ensure Consistency and Quality of Service

Pricing plays a significant role in attracting customers.

Consistency in quality is important for user satisfaction.

Background checks for drivers are conducted similarly across different platforms.

Customer support is essential but can be outsourced to specialized companies.

Actuarial solutions can help manage customer complaints effectively.

Providing incentives and rewards can enhance user experience.

What Teleport Means for Solana

Paul says that building on the Solana blockchain provides technical advantages.

The focus now shifts towards user acquisition and retention. Attracting users requires offering unique features or benefits.

He believes that Solana's technology is already capable enough for this integration.

Paul adds that Solana has the potential to onboard millions of drivers and users into their network. Drivers who use ride-sharing apps frequently can be targeted as potential users. By targeting people where they are and focusing on activities they do every day, such as driving, Solana can facilitate easy onboarding.

Mert adds that the success of Solana could enable people to build businesses on top of the protocol. Distribution is crucial for building a successful product in crypto. Crypto relies on finding alternate ways of coordinating people for distribution rather than traditional marketing methods.

Important Links

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Solana TRIP, A Rideshare Platform : The Next 1000x Gem?

The first service set to operate on TRIP is Teleport, a decentralized ride-sharing application planned to be launched in December. It is run by the parent company, Decentralized Engineering Corporation (DEC). On Oct. 27, DEC announced a $9 million seed round co-led by Foundation Capital and Road Capital .

Web3 technology, including TRIP, will compete to replace

“ closed platforms run by corporate monopolies with decentralized protocols that are open source, competitive, and fair for everyone."

The additional funding will be used to

“ launch TRIP permanently in specific cities.”

By using a blockchain-based solution, riders using the TRIP ecosystem can pay using USD Coin (USDC) on Solana and fiat currencies through Apple Pay , while drivers will be able to accept the stablecoin as payment straight to their bank accounts or have it deposited into their wallet.

Teleport is designed to look and act much like an Uber or Lyft app for seamless onboarding of riders and drivers alike with no crypto required. Riders can pay with either a credit card or the USDC stablecoin, while drivers are paid via USDC or a direct payment to a standard bank account.

Fundraising

The Solana-based protocol, TRIP, which is seeking to decentralize ride-sharing, raised $9 million in a seed round. This round was co-led by Foundation Capital and Road Capital. The additional funding will be used to

It will also help the company achieve its decentralization milestone.

Additional investors included Thursday Ventures, 6th Man Ventures, 305 Ventures, and Common Metal. Ryan McKillen, a former Uber employee and one of the investors who joined the seed round, stated,

“By turning ride-sharing into a protocol, Teleport is building what we couldn’t build at Uber in 2010, and what Uber should be building today.”

How To Use The Platform

1. Teleport App : The Teleport app is designed to look and act much like an Uber or Lyft app for seamless onboarding of riders and drivers alike¹.

2. Payment Options : Riders can pay with either a credit card or the USDC stablecoin¹. Drivers are paid via USDC or a direct payment to a standard bank account¹.

3. Ride Request : As a rider, you can request a ride through the app, just like you would with any other ride-sharing service¹.

4. Accepting Rides: As a driver, you can accept ride requests from riders. The payment will be made in USDC or directly to your bank account¹.

5. Decentralized Marketplace : The TRIP protocol allows drivers and ride-sharing companies to compete for riders, as blockchain enables disruption in existing markets¹. This means you have the freedom to choose the best service available.

6.Rewards : The protocol also rewards the most active participants with a stake in its governance for both drivers and customers¹.

Remember, no crypto is required for the onboarding process. The platform is designed to be user-friendly and easy to navigate, making the transition to decentralized ride-sharing as smooth as possible....

(1) Solana-based protocol seeking to decentralize ride-sharing raises $9M. https://cointelegraph.com/news/solana-based-protocol-seeking-to-decentralize-ride-sharing-raises-9m.

(2) Teleport Creators Raise $9M to Build Decentralized Uber Rival on Solana .... https://decrypt.co/112957/teleport-creators-raise-9m-build-decentralized-uber-rival-solana.

(3) Solana-based protocol seeking to decentralize ride-sharing raises $9M. https://cryptonews.net/news/finance/15097139/.

(4) Solana-based protocol seeking to decentralize ride-sharing raises $9M. https://www.tradingview.com/news/cointelegraph:cdf204e8f:0-solana-based-protocol-seeking-to-decentralize-ride-sharing-raises-9m/.

© This piece of article isn't sponsored by anyone the names are taken only for information purposes. By Declaring this we aren't responsible for any Loses if you pouring money in this project after reading our article. This article should be treated as a piece of information not a financial Advice.

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Solana-Based Protocol, TRIP Raises $9M

TRIP protocol lets ride-sharing businesses and drivers compete for passengers, while blockchain disrupts markets.

Decentralized Engineering Cooperation (DEC), the firm behind the Solana-based protocol TRIP that allows mobility-based apps, said Web3 protocols will allow new organizations and drivers to bid for trips using a matching algorithm.

DEC says firms and riders may cooperate and compete on TRIP. The protocol gives active drivers and consumers a role in its governance.

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Teleport, a decentralized ride-sharing software powered by DEC, will start on TRIP in December. Foundation Capital and Road Capital lead the $9 million seed round.

DEC CEO and Teleport co-founder Paul Bohm told Cointelegraph that Web3 technologies, including TRIP, would replace “closed platforms operated by corporate monopolies with decentralized , open source protocols”

Bohm said the cash would “launch TRIP permanently in specified locations.” It helps the firm decentralize.

By employing a blockchain-based approach, TRIP passengers may pay with USD Coin on Solana and fiat currency with Apple Pay, while drivers can take the stablecoin as payment to their bank accounts or wallets.

Ryan McKillen, a former Uber employee and one of the seed round investors, said Teleport is doing what Uber should be building now. Thursday Ventures, 6th Man Ventures, 305 Ventures, and Common Metal are investors .

Precedence Research predicts ride-sharing would reach $344.4 billion by 2030.

93 million people use Uber monthly, according to Statista .

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Top 10 Best DePIN Projects on Solana

Why trust us

Decentralized apps that employ tokens to encourage communities to construct physical infrastructure networks are known as DePIN applications. We will shortly discuss DePIN Presales on Solana with the highest opportunities to raise. Also, you can find the Best Solana Presales in all categories on our website.

Top DePIN Presales on Solana

Grass: A DePIN presale on Solana that acts as a tool to put data in blockchain blocks.

APhone: Tries to create the first decentralized cloud-based smartphone.

io.net: The first and only GPU DePIN project.

De-plan Proto: A platform to combine apps and RWA projects.

SFT Protocol: Offers LSD, Web3 infrastructure, high-value data storage, and application services.

BLAGO: Intends to harness AI for the benefit of society.

MapMetrics: Revolutionizes geolocation services thanks to Web3 innovation.

Onocoy: You may trade ONO tokens for data credits, where the data credit value corresponds to a fiat currency.

Teleport: It is a network involvement and voting power coin.

Srcful: SRC token’s maximum supply is 250,000,000,000.

A layer 2 coin

Training data is the foundation of the AI industry , and Grass is one of the layer 2 DePIN Presales on Solana that provides it. It gathers data from the public web using a global network of web scraping nodes, processes it into structured datasets, and verifies its chain of origin. This infrastructure is the first sovereign data rollup in history.

Nodes are run by internet users in more than 190 nations, allowing everyone to participate in the AI revolution. The end product is a pipeline for fully functional datasets that promote AI while sharing its benefits fairly. All of the data is eventually kept in the Grass Data Ledger. 

Every dataset scraped from Grass is permanently recorded in this ledger, which is now enhanced with information to trace its origins. Solana’s settlement layer will house proofs of each dataset’s information, and the ledger will provide access to the settlement data itself.

A DePIN coin in technology industry  

The APhone is designed to revolutionize the mobile experience, being the first decentralized cloud-based smartphone. APhone introduced one of the DePIN Presales on Solana in technology industry. With its exceptional processing power, unmatched storage capacity, and top-notch GPU, it integrates seamlessly to provide high-performance, continuous access to your digital world. The advanced Decentralized Cloud technology from Aethir powers the APhone, which guarantees increased security, privacy, and user safety. In the meanwhile, it offers a wide range of smartphone features on a single device, providing a thorough and sophisticated mobile experience.

A phone makes advanced Web3 experiences more accessible to everyone. With its configurable, one-of-a-kind Web3 App Store, customers can fully own and customize their projects, applications, and protocols. In contrast to conventional centralized methods, the iPhone is a trailblazer in the use of decentralized cloud technologies. 

Users will benefit from a more private, safe, and secure mobile experience as a result. The APhone surpasses traditional smartphones with its unparalleled processing power, providing users with a smooth and effective mobile experience. This deals with the drawbacks of common devices not having the specs required to run sophisticated apps.

Allows staking services

By aggregating the world’s scattered GPU supply, io.net (formerly known as ANTBIT.IO) provides a set of products, clients, and libraries that enable machine learning teams gain entry to global Cloud clusters permissionless and at a small fraction of the price of comparable centralized offerings. The native coin of the IOG Network is called IO which can be one the best DePIN Presales on Solana.

Although behind-the-scenes payments in the IO Ecosystem always occur in $IO, users have the flexibility to deploy clusters or use any other service to make payments in Fiat, USDC, or any other supported network token. In order to protect the network’s integrity and encourage its general wellbeing, $IO is essential. The $IO currency is used to safeguard the network in two main ways. 

A minimum quantity of $IO collateral needs to be staked before a node receives $ IO idle rewards from the network. Second, in exchange for protecting the network’s integrity, holders of $IO Coins may stake more collateral, up to the maximum stake allowed per node. This will enable holders of $IO Coins to get $IO Rewards.

4. De-plan Proto

Offers an endless number of application layers

The Proto API is designed to offer an endless number of application layers on top of a foundation for real-world asset ownership. The prototype social life-logging software supports the API and aids in locating Proof of Location node deployment sites and real-world wallet usage patterns.

The coin, one of the best DePIN Presales on Solana, is the only mapper-focused, autonomous, and trustless monetization method available. Tokens promise a greater degree of control in the hands of the mapper, but they are a little more challenging to comprehend and get accustomed to. Therefore, the primary payment method for the mappers will be the $PROTO token.

5. SFT Protocol

A secure and dependable investing environment

By offering LSD, Web3 infrastructure, high-value data storage, and application services to users worldwide, SFT Protocol seeks to advance social transformation, technical innovation, and global economic growth. Staking token holders do, however, pay a price because they must temporarily lock up their holdings, which might result in lost possibilities for profit. 

SFT Protocol tokenizes liquidity to enable staking. It addresses the issue of low liquidity during lengthy staking periods, which was first used for Filecoin. Other public chains, like Ethereum, will also use the protocol. The SFT Protocol cross-chain bridge is an instrument for cross-chain asset transfers between BSC and Filecoin. To improve the security of SFT Protocol contracts and safeguard user cash, SFT Protocol has started a bug bounty program and is looking for the first round of security audits. 

To prevent runs and erratic interest rates, the Reserve Fund may take on asset losses before holders of rSFT are in the pool. SFT Protocol may give investors a more secure and dependable investing environment, boosting their trust by opening a Reserve Fund account. The coin has attractive features, making it one of the most excellent DePIN Presales on Solana.

An AI-concerned platform

A ground-breaking technology called the BLAGO Decentralized Neural Network (DNN) is intended to harness artificial intelligence (AI) for the benefit of society as a whole and sustainable growth. The BLAGO DNN aspires to handle complex issues, improve resource allocation, and customize solutions for individual and societal needs by using the collective intelligence of a worldwide community.

BLAGO features adequate privacy and data-gathering procedures. Users are in complete control of their data and may decide whether to share it with the DNN for particular uses. To safeguard user privacy, personally identifiable information (PII) is sanitized. Data is encrypted and kept safe from unwanted access on the blockchain.

Applications for the BLAGO DNN include forecasting demand, mitigating shortages, and allocating resources optimally. It will work on illness prediction, medication development, and customized therapy in the healthcare sector. The platform will focus on providing education services such as developing abilities, adaptive assessments, and individualized learning experiences.

7. MapMetrics (MMAPS)

One of the Trip DePIN Presales on Solana

With a constant focus on privacy, MapMetrics is revolutionizing geolocation services thanks to Web3 innovation. MapMetrics guarantees a distinct division between offline and online identities by declining to gather personal data and permitting users to register without requiring it.

The MapMetrics crypto navigation software allows you to earn utility tokens called MMAPS in return for your data. The main component of its business plan is repurchasing tokens from the community to increase their worth and determine the value of your data. Of MMAP, 84% is distributed to devoted community members who help maintain the platform. 

As an SPL on the Solana blockchain, MMAP represents a fixed and deflationary supply, with a maximum of 64,285,009,000 tokens available. At the beginning of the project, all tokens were created.

8. Onocoy (ONO)

A convertible and utility token

ONO tokens, convertible and utility tokens with a possibility for value gratitude, are awarded to project participants as rewards. Additionally, the ONO token grants Onocoy’s governance access. Furthermore, an Onocoy system-internal oracle may trade ONO tokens for data credits, where the data credit value corresponds to a fiat currency. The system treasury, which finances the creation and upkeep of the Onocoy system, and the compensation pool, which offers incentives to system users, split the ONO tokens at exchange time. 

Customers can predictably know how much system service they can obtain with their data credits since system service fees are expressed in FIAT. This addresses the issue of token values varying often in web3, which conventional and risk-averse GNSS sector stakeholders are not used to. When a service is used, data credits are burnt and cannot be transferred. Voting on ideas is one-way ONO token holders help the system’s on-chain governance function more smoothly. Units of ONO token availability are limited.  

Presuming that over time, the demand for rectification data would increase, maintaining a fixed supply of ONO will put upward pressure on its price. Eventually, some of the ONO token units that are used in data credit swaps are burnt, continually lowering the quantity of ONO that is accessible and pushing the price of the token upwards.

9. Teleport (TRIP)

A network involvement and voting power coin

A unique organizational structure called the Rideshare Protocol (TRIP) enables drivers, users, and operators to work together to create a competitive market. Compared to centralized ridesharing services, TRIP’s decentralized protocol finds a more advantageous balance between cooperation and competition while boosting profits, quality, and safety for all network users. Participants can plan a move using a coordination mechanism to circumvent the network effects of the current platforms.

The people who own TRIP Tokens are in charge of the TRIP Network. The TRIP coins stand for network involvement and voting power as one of the DePIN Presales on Solana. TRIP Tokens will be distributed after the network is stable and sufficiently decentralized. Voting by token holders is required for general governance, which includes protocol updates, authorization flow modifications, and changes to the core network parameters.

The protocol will first be run using centralized construction and management. By distributing TRIP Tokens, the community in charge of the network can take over governance once a decentralization milestone has been reached. The network’s participants can use democratic governance to improve the protocol after decentralization.

10. Srcful (SRC)

It has a maximum supply of 250,000,000,000 

On the Solana blockchain, Srcful has developed a utility token known as the SRC or “source token.” Because of the Solana blockchain’s rapidity, effectiveness, and vibrant community, Srcful decided to build atop it. Solana has a track record of effectively driving large-scale decentralized initiatives. Fundamentally, Srcful uses distributed energy resources (DERs) and the SRC currency to run a virtual power plant (VPP) fueled by the community.

SRC token’s maximum supply is 250,000,000,000. These best DePIN Presales on Solana are first given out as prizes to early adopters and beta testers, and they are progressively released. Srcful is a cutting-edge platform designed to hasten the shift to a more decentralized and sustainable energy infrastructure. SRCFUL’s primary objective is to overcome the high upfront costs, lack of incentives and user-friendly technologies, and obstacles to entry for renewable energy.

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This content is purely for educational purposes and should not be considered as financial advice. Do your own research before investing in any crypto platform and only invest the amount you can afford to lose.

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The LightLayer

Light is a protocol built on Solana introducing ZK compression , a new primitive that enables the secure scaling of state directly on the L1.

Hyperscale state: Solana users and program developers can opt-in to compress their on-chain state via the LightLayer smart contracts. This reduces state cost by orders of magnitude while preserving the security, performance, and composability of the Solana L1. A new design space for computation : compressed state via the LightLayer natively supports custom ZK compute, enabling previously impossible computation designs on Solana.

The LightLayer is being built in the open . Learn more about it here , or stay up to date with the teams contributing to ZK compression and its RPC implementation: Light and Helius .

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold's editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please click here .

Top Crypto Investments For 2024: BlockDAG Takes ETH, SOL, & SHIB To The Cleaners With GHOSTDAG Algorithm & PHANTOM Protocol

As the crypto arena continues to evolve, the spotlight in 2024 is on innovative projects that promise significant advancements and high returns. Among them, BlockDAG stands out as a leader, having surpassed established giants like Ethereum (ETH), Solana (SOL), and Shiba Inu (SHIB) with its groundbreaking PHANTOM Protocol and GHOSTDAG Algorithm. These technologies provide BlockDAG with unparalleled scalability and security, enabling the platform to process transactions concurrently, significantly enhancing throughput and reducing latency.

BlockDAG has emerged not only as a player but as a leader in the blockchain sphere, poised to revolutionise applications across diverse industries. As the market grows and diversifies, BlockDAG’s sophisticated blend of cryptographic innovations and efficient transaction processing offers a compelling opportunity for investors looking to engage with a pioneering platform poised for exponential growth.

1. BlockDAG (BDAG): Pioneering the Future with Advanced Technology

BlockDAG is rapidly establishing a new standard in the cryptocurrency sector with its innovative PHANTOM protocol and GHOSTDAG algorithm, reshaping blockchain architecture for enhanced performance. Utilising Directed Acyclic Graph (DAG) technology, BlockDAG facilitates parallel transaction processing, significantly boosting both speed and efficiency. The PHANTOM protocol enhances network security through the collective honesty of its participants, while the GHOSTDAG algorithm improves transaction sequencing. Together, these technologies greatly strengthen network reliability and scalability. This advanced framework makes BlockDAG an ideal solution for managing large-scale and complex applications, positioning it as a leader in the evolving landscape of blockchain technology.

2. Ethereum (ETH): Resilient and Evolving

Ethereum continues to hold a significant position in the crypto market, recently surging past the $3,000 mark fueled by the potential launch of an Ethereum ETF. Ongoing upgrades aimed at improving scalability and reducing costs underscore Ethereum’s commitment to innovation, keeping investor interest alive and bullish.

3. Solana (SOL): Setting Standards for Efficiency

Despite experiencing volatility, Solana has demonstrated resilience and potential for growth, with its price recovering to significant levels. Known for its high-speed and low-cost transactions, Solana is increasingly favoured by developers and investors seeking efficient and scalable blockchain solutions.

4. Shiba Inu (SHIB): More Than a Meme

Shiba Inu has transcended its meme coin origins to foster a substantial community and ecosystem, including initiatives like a decentralised exchange and an NFT marketplace. While speculative, SHIB’s active community and developmental efforts provide a foundation for potential growth and value appreciation.

5. Litecoin (LTC): Reliable and Fast

A mainstay in the cryptocurrency world, Litecoin is renowned for its quick transaction times and low fees. Recent efforts to enhance its privacy features and overall network efficiency ensure that Litecoin remains a viable and practical choice for everyday transactions.

Final Insights

In the dynamic field of cryptocurrencies for 2024, BlockDAG is the standout investment, thanks to its cutting-edge technology and scalability solutions. 

With its impressive $20.8 million raised in its latest presale and the buzz generated by its forthcoming moon-shot keynote, BlockDAG is setting itself apart as a historic and transformative force in the cryptocurrency realm. Investors seeking a robust, scalable, and secure blockchain platform will find BlockDAG to be an unmatched option, promising not only substantial returns but also a stake in the future of digital finance.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu

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