Merging Worlds
UpRock is a new up-and-coming DePIN project that marries AI with the world of open data. As we have been exploring the idea of data and intelligence as a form of currency, UpRock and their AI doggo, Rocket, fit perfectly into this school of thought. The project is built on Solana and boasts over a million downloads of its official dApp. DePIN has been a hot sector for the past few months and appears to be gearing up for further explosive growth.
Being a DePIN project, the community can gain early access to UPT tokens by mining them on their devices. A simple 2-minute process is required to set up a set-and-forget passive income stream. Being a Solana-based project, UPT could see a significant surge once it launches on Jupiter later this month. Regular readers will be aware of the layer 1 effect, which could also trigger an enormous surge for a micro-cap project in a hot sector like DePIN.
From my experience and what I have seen regarding other users, the average user will passively mine (in the background) between 0.15 and 0.60 UPT per hour. Considering that the earning is entirely passive, the ratio of time/earnings is not applicable, and so is financially viable regardless of the token valuation. Although it’s always best to mine or farm these tokens before an exchange listing, one can mine them indefinitely.
The only deterrent would be if a user is opposed to sharing their data, which is usually at the core of most DePIN projects. Data has value, which is set to increase in the new world. Those opposed to the idea are fighting a losing battle. Future airdrops are also part of the plan. Users can also earn/mine WEN tokens on WENsdays via referral earnings.
Together with the mobile app is a desktop suite, which users can access via an email code. The app, website, and desktop suite all look very professional. It may sound like a minor issue to some, but the presentation says a lot about a team. The official X account has more than 313K followers, which is impressive, considering the token is yet to go live. Consider for a moment other new DePIN projects such as DIMO and HONEY, which are still up 800% after a significant altcoin correction.
DePIN projects that go on to perform and please the market are likely to rake in enormous gains over time. Many of these projects are still at grassroots levels. The future is unknown. However, interested parties look at ways of mining and farming as many of these up-and-coming tokens as possible. Users of a dApp such as Nodle might find UpRock attractive. Both require zero effort and go about mining tokens on autopilot.
Final Thoughts
Unlike NODL, the price of UPT is yet to be established. It certainly does have the Solana hype and “Jupiter Effect” in its favor. However, we wait and see what May has in store for UpRock. Passive earners always grab my attention, regardless of the income potential. Doing nothing for ongoing rewards can only be profitable. That’s how I see it. Anyway, that’s it for this one. See you on the flip side!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.