Ho Chi Minh, Vietnam, December tenth, 2024, Chainwire
U2U Community, a number one DePIN Layer-1 platform, has introduced the closure of all funding rounds in preparation for its upcoming itemizing scheduled for This autumn 2024.
The Basis
The worldwide blockchain market has skilled progress, valued at $20.22 billion in 2023 and projected to succeed in $561.38 billion by 2030 with a CAGR of 64.5%. Initially developed to help cryptocurrencies like Bitcoin, blockchain has developed right into a transformative know-how, revolutionizing industries corresponding to finance, healthcare, and provide chain administration with enhanced transparency, safety, and effectivity.
Constructing on this basis, DePIN is redefining how infrastructure programs function by integrating blockchain with bodily property. By 2023, DePIN had grown to incorporate 650 initiatives with a market cap of $35 billion, and consultants undertaking its market potential to increase to $3.5 trillion by 2028, underscoring its transformative capability.
Amid the speedy growth of the blockchain and DePIN markets, U2U Community has introduced its upcoming itemizing, a strategic transfer designed to additional speed up market progress and improvement.
U2U Community – A Main DePIN Layer1, Closed All Funding Rounds With $13.8M, Getting Prepared for Itemizing
U2U Community is at a pivotal second in its improvement, aiming to reinforce person experiences inside the decentralized ecosystem. By way of its complete software, U2U Community serves as a centralized hub, enabling customers to work together seamlessly with numerous built-in DePIN initiatives. This strategy simplifies the method, eradicating the necessity for a number of app downloads and decreasing complexity. Moreover, it gives a platform for initiatives to combine their mini-apps, bettering visibility and creating alternatives for collaboration inside a unified ecosystem.
Just lately, U2U Community secured $13.8 million in funding from notable enterprise capital corporations, together with KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures. This funding is allotted to advancing its modular Layer-1 blockchain, which options DAG know-how and EVM compatibility, addressing key challenges in scalability and interoperability. U2U’s progressive subnet know-how helps the creation of scalable, versatile sub-networks, tailor-made to fulfill the wants of DePIN improvement.
Because the DePIN trade grows, reflecting broader tendencies like the mixing of blockchain into on a regular basis purposes, U2U Community focuses on advancing scalable {hardware} options for real-world use. This strategy seeks to streamline adoption throughout sectors, contributing to the event of the DePIN ecosystem and fostering innovation in decentralized infrastructure.
Wanting Forward: Getting ready for the Itemizing Season
U2U Community’s upcoming itemizing represents a big milestone in its trajectory. This step will present higher visibility, broaden the investor base, and help group growth, furthering the community’s efforts to ship sensible, decentralized infrastructure options.
Unique Itemizing Particulars
Anticipated Date: 10 AM (UTC), December 10, 2024
Itemizing Platforms: Kucoin, Gate.io, BingX and MEXC. Extra itemizing companions will likely be introduced quickly
For IDO Contributors on Fjord: Customers will obtain U2U ERC-20 tokens on the Ethereum community and might deposit them for buying and selling on Exchanges, please examine which exchanges help the deposit of U2U ERC-20 Token. U2U ERC-20 tokens will likely be accessible on each CEXs and DEXs.
Customers will obtain U2U tokens on the ERC-20 community and might deposit them for buying and selling on KuCoin.
Gate.io, MEXC, and BingX solely help U2U native token
Token Utility
Transaction Charges: Used to pay fuel charges for transactions and sensible contract interactions.
Staking & Safety: Locked by validators or delegators to safe the community and earn rewards.
Governance: Permits holders to vote on protocol upgrades, community adjustments, or DAO selections.
Incentives & Rewards: Rewards customers for behaviors like liquidity provision, governance participation, or community improvement.
DeFi Collateral: Serves as collateral for loans, liquidity swimming pools, and different monetary merchandise.
DApp Utility: Powers providers, premium options, or particular use instances inside decentralized purposes.
Subnet Operations: Subnet Node Operators pay Verification Nodes with tokens for interactions between Subnet and Layer 1.
Tokens can be utilized as fee foreign money, hiring assets from Subnet Node Operators, or pay for providers on Subnet dApps
Token Allocation:
Token distribution:
Ethereum: 1,000,000,000 U2U
U2U Mainnet: 9,000,000,000 U2U
U2U Community’s upcoming December itemizing marks a big step in its journey inside the DePIN ecosystem. By providing a unified platform and leveraging superior know-how, U2U Community goals to handle key trade challenges, help adoption, and contribute to the evolution of decentralized infrastructure.
REF:
Analysis, H. (2024) DePIN: Present State and prospects, Medium. Obtainable at: https://htxresearch.medium.com/depin-current-state-and-prospects-ad6b1a59b3d4#:~:textual content=Aspercent20ofpercent202023,accordingpercent20topercent20Messari (Accessed: 07 December 2024).
About U2U Community:
U2U Community is a modular L1 with subnet know-how that excellent match for DePIN. Their backers embody Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Enterprise, V3V Fund, Web3Port, and others. The undertaking has additionally entered into partnerships with AWS, Klaytn Basis, IoTex, Waterdrip Capital, Chain Catcher, and so forth. KOLs which have invested in U2U Community are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony, and so forth.
Mainnet is prepared with greater than 180K pockets addresses. DePIN Subnet launched with U2DPN product with greater than 155K downloads, 59K contributer nodes, and 9K DAU in 3 months of launching. 80 dApps dedicated to constructing on chain (EVM-compatible) vary from crypto purposes (Defi, Gamefi, SocialFi, and so forth) to real-world situations (Storage, information mining, and so forth), and over 40 DePIN undertaking signed MOU and below integration, 25 different initiatives within the pipeline.
Contact
CBOAstrid DangU2U Community[email protected]
