Despite the persistent bear market, Decentralized Physical Infrastructure Networks (DePIN) continue to expand steadily across the globe.
These networks are essentially unstoppable because of the token incentives that power them, completely side-stepping payments through the traditional banking system.
DePIN projects award you censorship-resistant tokens for installing and maintaining decentralized infrastructure such as wireless hotspots, dashcams, compute power, storage resources and more.
In this article, we will be talking about a piece of software called Hivello, which allows non-technical users to start participating in this exciting new sector of crypto.
Participating in DePIN
The DePIN movement is accelerating.
We are witnessing the emergence of numerous decentralized wireless, compute, energy, and data networks, all made possible thanks to innovations in blockchain technology that have enabled cheap and fast transactions.
Many people are still unaware that they can earn valuable tokens for lending out their personal computer's spare storage, CPU, GPU, and bandwidth to these DePINs.
In fact, it's possible to connect to several DePINs on your computer and earn multiple streams of income that way. The problem is determining which DePIN projects your computer is best suited for, and managing all of the different software.
Hivello DePIN Aggregator
That's where Hivello comes in.
Hivello is a DePIN aggregator, allowing you to passively earn from multiple DePINs simultaneously via a single user-friendly desktop application, which is currently available for Mac, Windows, and Linux.
Hivello essentially acts like middleware, offering a simpler interface to the DePIN world for users who are less technical and know less about blockchain.
The platform uses "Hivello Intelligence", an AI-driven system to optimize mining rewards based on your hardware, location, and network conditions, ensuring maximum profitability.
Rewards are earned in the form of the DePIN tokens themselves or Hivello’s native Solana-based HVLO token, with plans to allow conversion to stablecoins or fiat in the future.
Hivello's Revenue
You may be wondering how Hivello earns revenue in this process.
Hivello takes a commission of mined tokens as a management fee. The percentage taken (10–50%) depends on the amount of HVLO you have staked on the network. The more you stake, the more tokens you keep for yourself.
It's worth noting too that the aggregation layer obscures details about how resources are allocated or how rewards are calculated across protocols, requiring some trust in Hivello’s system.
Considering the low dollar value of the tokens today, such trade-offs may not concern you.
DePIN vs Memecoins
DePINs are different from memecoins because they use token incentives to generate real-world economic activity. Whether the market goes up or goes down, DePINs continue to chug along in the background, providing important services and collecting valuable data.
Until next time...
If you have a computer in your home or office that could lend out idle storage, CPU, GPU, or bandwidth to these decentralized networks, consider looking into the Hivello project. This application could make earning from multiple DePINs much simpler for you.
If you learned something new from this article, be sure to check out my other posts on crypto and finance here on the Hive blockchain. You can also follow me on InLeo for more frequent updates.
Further Reading
- Why Censorship-Resistant Blockchains With Economic Activity Will Be The Most Valuable Long-Term
- Three Emerging DePIN Projects On The Polygon Blockchain
- Three Up-And-Coming DePIN Projects On The Solana Blockchain
- Three Promising DePIN Projects In The Cardano Ecosystem