U2U Network Launches DePIN Subnet Node Sale for Growth

[PRESS RELEASE – HO CHI MINH, Vietnam, October 15th, 2024]

U2U Network, recognized as a pioneer in Layer-1 blockchain dedicated to decentralized infrastructure and supported by leading investors such as KuCoin Ventures, Chain Capital, and IDG Blockchain, is thrilled to announce the initiation of its inaugural DePIN Node Sale. This event presents an opportunity for participants to obtain decentralized nodes while contributing to the expanding DePIN infrastructure of U2U. With this initiative, U2U aims to create a novel entry point for users to engage with the decentralized network and unlock substantial earning potential through its Node Sale framework.

The Importance of Nodes in Blockchain Networks

In decentralized networks, nodes serve a vital function by facilitating communication, validating transactions, and enhancing overall security. These nodes distribute computational capabilities throughout the network, significantly lowering the chances of centralized dominance. This decentralization contributes to improved security, scalability, and resilience of the network.

The U2U Subnet empowers node operators to share computing resources, ranging from mobile devices to robust computers, in establishing a decentralized infrastructure. These nodes provide critical resources, including CPU, RAM, GPU, storage, and internet bandwidth, ensuring seamless operation of applications. The U2U DePIN framework categorizes nodes into two main types: Master Nodes and Edge Nodes.

• Master Nodes: These nodes handle essential functions, including transaction storage, data validation, and proof submission between the Subnet and Mainnet.
• Edge Nodes: These nodes augment computational power for specific protocols, enhancing scalability and performance.

Both Master Nodes and Edge Nodes earn incentives based on their contributions, essential to U2U Network’s DePIN architecture.

Node Sale Details 

The Public Node Sale is set to commence on October 22, offering 40,000 nodes spread across six tiers. The entry price for a checker node starts at $200, with costs increasing at each successive tier. Early participants stand to gain high ROI and quicker returns, with an expectation of recovering their investment in just 58 days. The low barrier to entry invites broad participation, eliminating the need for programming expertise.

No coding expertise is required to run a node, and operators can earn token rewards from a dedicated pool of 1 billion $U2U tokens (10% of the total supply). With more than 40 DePIN projects within the U2U DePIN Ecosystem, node operators can foster the advancement of diverse projects in areas such as computing, cybersecurity, telecommunications, and artificial intelligence. As operators participate, they accumulate rewards proportional to their node’s contributions to the network—the greater the involvement of DApps, the larger the earning potential. Additionally, operators can expect to recoup their initial outlay in just 58 days, making this Node Sale a highly rewarding opportunity. The expansive range of projects collaborating with the U2U Network amplifies the demand for node resources, potentially enhancing participants’ earning opportunities.

Team

The U2U team comprises over 120 experts from prestigious technology firms like Google, Kardiachain, and Y Combinator-backed startups, alongside advisors from Stanford, RMIT University, and Animoca. This diverse and rich reservoir of expertise positions them for strong industry leadership.

Community Engagement and Network Expansion

U2U Network has successfully secured funding from various notable investors, including Kucoin Ventures, Chain Capital, JDI Ventures, and IDG Blockchain. Chain Capital, a leading crypto fund in Asia, is recognized for its focus on Web3 infrastructure, AI, and DePIN, boasting over 300 successful investments, including major Layer-1 ecosystems like Solana and Polkadot, as well as DePIN leaders such as Filecoin and Theta Network. Joining Chain Capital, JDI Ventures is a prominent DePIN fund spearheaded by JDI Global, which maintains a $200 million portfolio and a robust history of supporting DePIN initiatives. The list of VCs also includes IDG Blockchain, a global pioneer in early-stage blockchain and AI investments, with backing for innovative projects like dappOS and Pontem. These distinguished investors, alongside others, are proud to partner with U2U Network to transform DePIN and promote widespread adoption. The network’s community has expanded to over 1 million members.

With a minimal entry cost, attractive ROI, and no coding knowledge required, this DePIN Subnet Node initiative is crafted to engage a wide spectrum of participants. Seize the opportunity to partake in the U2U Network Node Sale and contribute to the next generation of the internet.

For more information about the U2U Network’s node sale, please visit the official blog available on the U2U Network’s website.

About U2U Network:

U2U Network is a modular Layer-1 platform utilizing subnet technology that perfectly aligns with DePIN. Their investors include Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Venture, V3V Fund, Web3Port, and others. The project has also formed partnerships with AWS, Klaytn Foundation, IoTex, Waterdrip Capital, and Chain Catcher. Influencers who have invested in U2U Network include KongBTC, Romano, ImNotTheWolf, and Crypto Buzz.

The Mainnet is operational with over 180,000 wallet addresses. The DePIN Subnet was introduced alongside the U2DPN product, achieving over 155,000 downloads, 59,000 contributor nodes, and 9,000 daily active users within the first three months of launch. There are 80 dApps committed to the blockchain (EVM-compatible), spanning from crypto applications (DeFi, GameFi, SocialFi, etc.) to real-world applications (storage, data mining, etc.), and over 40 DePIN projects have signed MOUs and are undergoing integration, with 25 additional projects in the pipeline.

Website: https://u2u.xyz/team