Powering DePIN with the next-generation energy network
The emergence of the Decentralized Physical Infrastructure Network (DePIN) is driving a paradigm shift in how physical infrastructure is conceptualized, built, and operated. According to Messari, this cutting-edge technology will boost the global economy by adding $10 trillion over the next decade, with the DePIN sector expected to reach $3.5 trillion by 2028. Starpower is at the forefront of this innovation. This is not just a new project, but represents a grand vision to transform the way we use energy, inspired by industry giants like Tesla.
quick take
1. Helium Mobile’s early success story demonstrated DePIN’s profitability and potential in these technological innovations.
2. DePIN Starpower recently launched the ‘Pioneer Pass’ NFT Free Mint, achieving significant achievements, with trading volume reaching over 7777 SOL in just one day and the price soaring to a 70x profit.
DePIN: 6 core business segments
Star power at ETH Denver 2024
Starpower: Uber of Energy Network
star power By connecting energy devices around the world through something called a Virtual Power Plant (VPP), we want to make using energy as easy as using Uber. Elon Musk predicts the global energy market will exceed $10 trillion. These projections, along with VPP’s projected annual growth rate of more than 30%, highlight the importance of Starpower’s mission.
Star Power Virtual Power Plant Illustration
Starpower’s solution is to create a comprehensive virtual power plant powered by people. The plan includes connecting home appliances to clean energy generation sources and large-scale storage via the Starpower infrastructure network. The goal is to promote efficient energy trading and management, optimize resource allocation, and potentially enable large-scale adoption of renewable resources.
Overcome existing VPP challenges
Existing virtual power plants (VPPs) face a number of challenges, from limited participant incentives to complex participation structures and inconsistent compensation models. Leveraging the DePIN model, Starpower addresses these challenges by enabling user engagement through smart energy sockets such as Starplug and, coming in 2024, Starbattery. This approach simplifies user participation by lowering the barrier to entry while providing everyone with rewarding $STAR tokens.
Visionary Founder and Supporter
At the core of Starpower are industry experts Laser Ding and Dr. It was co-founded by Darcy Jia. Laser Ding previously served as Assistant to the Chairman of HashKey Group, and Dr. Darcy Jia boasts extensive experience in the photovoltaic field and holds a PhD in Photovoltaics. It is supported by renowned investors including Escape Velocity, IoTeX, Bas1s, Fenbushi, HashKey Capital, Helium Foundation, Solana Foundation, and Arweave.
$STAR Token Economics
Starpower’s token distribution consists of six main categories: Most tokens are allocated to builders for network development. The core team and investors each hold 15% of the tokens to demonstrate their commitment and support future expenses. The foundation receives 7% for managing ongoing projects and reserves additional tokens for climate action donations and community airdrops.
Star Power Tokenomics $STAR
How can users participate?
Users can participate in Starpower from any location as long as they have a Starplug device with access to electrical equipment. By connecting devices to the network through Starpower’s hardware and software, users can earn $STAR rewards. Rewards are based on connection time, electricity usage, and device response (e.g. air conditioners, water heaters, refrigerators).
Here’s how to access Star Power:
1. ARM TEE-based smart plug: Users can purchase Starpower’s Starplugs or use compatible third-party smart plugs approved by Starpower to connect electrical devices to the network.
2. Future developments: Starpower plans to expand its connectivity solutions to include additional devices such as thermostats and energy storage batteries in 2024.
“Virtual power plants maximize the use of renewable energy sources, such as solar energy, which are essential for the future energy landscape.” Professor Martin Green
What are your future plans?
Next, Starpower will continue to enjoy the support and engagement of industry technology partners, including collaborating with Arweave to explore DePIN projects and promote green initiatives, and discussing the development and future of DePIN with IoTeX.
Starpower is changing the way energy is managed, making it user-friendly and beneficial to people. Their efforts are not just revolutionizing the energy sector, they are building a more inclusive, efficient and green future.
disclaimer: The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing or trading. cryptocurrency and stock.
