UpRock is another Decentralized Physical Infrastructure Network (DePIN) built on the Solana blockchain. As per their docs, UpRock is "pioneering the democratization of advanced AI web crawling and data synthesis, a privilege previously reserved for large enterprises."
UpRock rewards both desktop and mobile phone users with UPT tokens in return for their unused Internet bandwidth and computing resources. By installing the UpRock app, you can start earning UPT tokens via an automated process that runs in the background of your device.
The reward system is based on factors like upload/download speeds, connection type, and a freedom score which depends on the user’s country, ensuring fair compensation.
The project’s primary aim is to democratize access to AI by leveraging real-time data from a global network of devices - currently over 2 million and counting. The data collected fuels AI applications and real-time insights via conversational dashboards and APIs.
From the project's tokenomics docs:
For every payment made for using UpRock’s AI-powered products, 50% is allocated to the treasury for further distribution, while 50% is allocated to the community via a buyback, 50% of the buyback will be burnt immediately.
UpRock has been generating an increasing amount of revenue alongside other Solana-based DePIN projects:
Traders and investors can buy $UPT on centralized exchanges like Toobit, or on Solana-based decentralized exchanges like Meteora. With a current market cap of about $2 million, there is potential for growth.
Until next time...
Be sure to do your own due diligence before investing in the token, but UpRock appears to be one of the DePIN projects that are actually generating revenue.
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Sources
UpRock logo image [1]
UpRock documentation [2]
UpRock tokenomics [3]