UXUY Launchpad partners with MoonChain to launch the "DePIN Ring King" Blueberry Ring
On May 21, 2024, UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced a strategic partnership with MoonChain to launch the project Blueberry Ring, known as the "DePIN Lord of the Rings," on its Launchpad platform.
On May 21, 2024, the next-generation decentralized multi-chain trading platform UXUY, incubated by Binance Labs, announced a strategic partnership with MoonChain to launch the project Blueberry Ring, known as the "DePIN Ring King," on its Launchpad platform.
This marks the first time a DePIN project is launched on the UXUY Launchpad. Today, let us attempt to unveil the facade of hardware mining, discover the new track of "DePIN-driven tokens," explore how personal health is deeply tied to earnings, and see what sparks fly when the Lightning Network meets DePIN…
Blueberry Ring: The DePIN Ring King
Blueberry Ring is a wearable hardware mining ring deeply connected to user health, innovatively integrating health and technology to create a global community dedicated to health empowerment. With cutting-edge health tracking technology, users can take control of their health data in real time and make informed and effective health decisions.
To ensure users receive ample incentives, Blueberry Ring converts every effort you make for your health into economic returns, rewarding you with $HEALTH tokens for every step and every breath.
As Blueberry Ring advocates:
|------------------| | Staying healthy has never been so profitable |
$HEALTH: Health is the Only Consensus
Mining with Blueberry Ring begins once it is worn, relying on unique biometric features to advance global health initiatives, allowing decentralized health to benefit more people in an increasingly affluent material world.
Additionally, Blueberry Ring boasts a large DAO community, establishing a new round of decentralized health communities, enabling everyone globally to enjoy the substantial benefits that "health" brings.
$HEALTH is a utility token that powers Blueberry Ring, issued on the fastest and most scalable DePIN native Layer3 MoonChain on Ethereum, used to incentivize and reward users for their health data.
Users can use $HEALTH tokens to access exclusive content, participate in community governance, and vote, establishing a decentralized health consensus. Furthermore, users can purchase exclusive health products and services on the Blueberry Ring platform using $HEALTH, safeguarding their personal health.
DePIN: The Practitioner of Crypto Equality
In the crypto world, legitimacy is the initial driving force behind the development of every track: people of different skin colors, educational backgrounds, and beliefs gather in the crypto world, collectively pursuing a purer Bitcoin and the spirit of Satoshi Nakamoto, chasing decentralization free from government control, and striving for crypto equality accessible to all.
Bitcoin opened the door to the crypto world with the white paper "A Peer-to-Peer Electronic Cash System," giving birth to a new currency system that anyone can participate in, verify, and mine, with no risk of over-issuance.
Today, Bitcoin has grown into a trillion-dollar giant, with high mining machine costs and electricity expenses blocking ordinary people from mining. Hardware mining, as the most orthodox narrative in the crypto market, is now monopolized by large Bitcoin mining operators, and the rights to crypto equality are being stripped away…
The rise of the DePIN track has established a new decentralized hardware mining paradigm, clearly marking an important iteration in the mining process and a necessary path for Crypto towards crypto equality. DePIN stands for Decentralized Physical Infrastructure Networks, a physical infrastructure that everyone can participate in, ensuring that everyone can mine and benefit through extremely low participation thresholds.
The DePIN market experienced an explosion in 2023, with various types of DePIN products in computing, storage, AI, IoT, sensors, wireless, GPU, data, CDN, smart cities, geolocation, and environment all achieving significant growth, with the market cap of the DePIN track rapidly climbing from $5 billion at the beginning of the year to $10 billion.
Due to the low participation threshold of physical assets, DePIN projects have attracted a large number of users into the crypto world, and the industry structure of the track has shifted from "chain + IoT network" to "chain + middleware + applications," with the momentum of DePIN-driven tokens continuously growing, as projects begin to focus on addressing real application layer needs.
Whether it's Worldcoin distributing UBI through iris recognition or obtaining $HEALTH token incentives for maintaining health, DePIN is developing towards a direction of democratization, no barriers, and decentralization, as stated in the UXUY Crypto Equity Manifesto:
|-----------------| | Let everyone on Earth be a beneficiary. |
When Lightning Meets DePIN
Unlike previous Lightning Launchpads, this time the pricing method for Blueberry Ring uses stablecoins for payment. Although using the Bitcoin Lightning Network will enjoy extremely low gas fees and fast transactions, DePIN, as a commodity, has its own fiat pricing logic. UXUY respects the choice of the Blueberry Ring team, and this round of the Launchpad will use USDT on the ETH chain for subscriptions.
Therefore, we are even more convinced that stablecoins are the biggest variable in the Bitcoin ecosystem, and we hope that Taproot Assets can launch on the Bitcoin Lightning Network in the near future, enjoying the ultimate experience of transferring stablecoins on the Lightning Network, supporting the development of more DePIN projects.
