Depin is Crypto's Breakout Niche - INSANE Potential
Summary
TLDRIn this video, the host delves into the burgeoning potential of DeFi's breakout technology, Decentralized Networks (DPIN), highlighting its significant use cases and mainstream adoption. They underscore the importance of DPIN in crowdsourcing capital expenditures, exemplified by Helium's mobile data network, and discuss how it creates real-world value and utility for tokens. The host also offers investment insights, advising viewers on identifying promising DPIN projects by assessing their real-world utility, cost advantages, tokenomics, and ability to incentivize valuable supply. The video concludes with the host's bullish stance on DPIN, particularly Helium, and the potential of new blockchains like Solana and Peak for broad exposure to this sector.
Takeaways
- đ Deep tech (deepin) is a breakout technology in the crypto space, offering innovative use cases and potential mainstream adoption.
- đ The technology allows for the crowdsourcing of capital expenditure (capex), enabling the creation of decentralized networks at a fraction of the cost of traditional methods.
- đĄ Examples include decentralized mobile networks like Helium, which incentivize individuals to provide mobile data through small nodes, disrupting the traditional cell tower model.
- đĄ The value proposition of deepin lies in its ability to provide real-world services and create tangible value, distinguishing it from purely speculative crypto projects.
- đ° Deepin projects often require the use of their native tokens to incentivize network participation, ensuring a demand for the token and a real-world use case.
- đ The growth of deepin networks is driven by a positive feedback loop: as more participants join and provide services, the network's value and utility increase, attracting more users.
- đ Helium has been a standout performer in the deepin sector, with its mobile network offering a cost-effective alternative to traditional mobile data plans.
- đ Other niches within deepin include decentralized sensor networks, which gather and sell data, and decentralized connectivity solutions aiming to provide affordable internet access.
- đŒ For investors, evaluating deepin projects involves assessing the utility of the service, the tokenomics, the demand for the token, and the project's ability to incentivize valuable network contributions.
- đ Investing in deepin can be approached broadly through exposure to underlying blockchains like Solana or more directly by investing in specific deepin tokens, with Helium's HNT token being a notable example.
Q & A
What is the main topic discussed in the video?
-The main topic discussed in the video is the potential of 'deep in' technology within the crypto space, focusing on its use cases, investment opportunities, and how it's starting to gain mainstream adoption.
What does 'deep in' technology refer to?
-In the context of the video, 'deep in' refers to decentralized infrastructure networks that utilize blockchain technology to crowdsource capital expenditure (capex) for various services like mobile data, storage, and compute power.
Why is the speaker particularly interested in 'deep in' technology?
-The speaker is interested in 'deep in' technology because it offers real-world use cases, creates tangible value, and has the potential for mainstream adoption, making it a promising sector for investment.
How does 'deep in' technology allow for the crowdsourcing of capex?
-'Deep in' technology enables the crowdsourcing of capex by incentivizing individuals to contribute resources like data or computing power to a decentralized network, often through token rewards, thus reducing the need for massive upfront investments.
What is an example of a 'deep in' project mentioned in the video?
-An example of a 'deep in' project mentioned is Helium, which aims to create a decentralized mobile network by incentivizing people to set up nodes that provide mobile data coverage.
Why is Helium's mobile network considered a significant 'deep in' use case?
-Helium's mobile network is considered significant because it offers a cost-effective alternative to traditional mobile data plans, with a service that is significantly cheaper than mainstream offerings, potentially disrupting the mobile data market.
What are some other 'deep in' sectors discussed in the video?
-Other 'deep in' sectors discussed include decentralized sensor networks, decentralized storage, and decentralized compute power, each aiming to provide real-world services in a decentralized manner.
How does the video suggest identifying a good 'deep in' investment?
-The video suggests looking for projects that provide real-world utility, have significant cost or efficiency advantages, have strong tokenomics that create demand for the token, and can incentivize higher value supply.
What are some challenges faced by 'deep in' projects according to the video?
-Challenges faced by 'deep in' projects include regulatory issues, competition with established web 2 incumbents, and the need to offer substantial cost or performance advantages to attract users away from traditional services.
Why does the speaker believe 'deep in' could be a strong performer in the crypto market?
-The speaker believes 'deep in' could be a strong performer because it offers tangible services and products that are not purely speculative, has the potential for broad user adoption, and can disrupt large markets with its decentralized approach.
Outlines
đ Introduction to DeFi and Deep Infrastructure (Deepin) Projects
The speaker introduces the concept of DeFi and Deep Infrastructure (Deepin) projects, highlighting the potential of crypto's breakout technology. They express a keen interest in Deepin, considering it a sector that's gaining mainstream adoption and attention. The speaker aims to guide viewers on identifying good Deepin investments, warning about the challenges in discerning the utility of various Deepin projects and the correlation between utility and token value. The example of Helium, a decentralized mobile network, is used to illustrate how Deepin projects operate, focusing on the token incentives that drive the setup of nodes and the creation of a decentralized network.
đ The Virtuous Cycle of Deepin Networks and Real-World Value
This paragraph delves into the operational dynamics of Deepin networks, emphasizing the 'virtuous flywheel' effect where increased participation enhances network quality, attracting more users. The speaker contrasts Deepin with traditional crypto projects, noting that Deepin revenues stem from tangible services rather than speculation. They discuss the potential of Deepin to disrupt large markets and the benefits of decentralization over traditional web 2.0 models. The paragraph also touches on the performance of Helium, highlighting its growth from an IoT provider to a mobile data network and its affordability compared to traditional service providers.
đĄ Exploring the Connectivity Sector within Deepin
The speaker explores the connectivity sector within Deepin, using Helium as a case study to demonstrate the practical application of Deepin principles. They discuss how Helium's mobile network has eclipsed its original IoT focus, attracting major carriers and individual users. The paragraph also introduces other Deepin projects in the connectivity space, such as Hive Mapper for mapping data and Grass for selling excess bandwidth. Challenges like legal gray areas and the need for regulatory clarity are mentioned, along with the potential of these projects to offer cost-effective alternatives to traditional services.
đĄ Diverse Applications of Deepin in Sensor Networks and Broadband
This section expands on the diversity of Deepin applications, particularly in sensor networks and decentralized broadband. Projects like Hive Mapper, Grass, and Godod Net are highlighted for their innovative approaches to data collection and service provision. The speaker discusses the potential of these networks to offer superior services at lower costs, while acknowledging the legal and regulatory hurdles that must be overcome. The paragraph also touches on the challenges faced by decentralized storage and compute projects, questioning their competitiveness against established market players.
đč Investing in Deepin: Strategies and Considerations
The speaker offers advice on investing in the Deepin niche, suggesting strategies for those who may not wish to invest in individual projects. They propose investing in Solana as a way to gain broad exposure to Deepin networks, given many are built on this blockchain. The paragraph introduces new blockchains like Peak and IoTeX, designed specifically for Deepin, and discusses their potential advantages. The speaker also outlines key factors to consider when investing in individual Deepin projects, such as the provision of useful services, tokenomics, and the ability to incentivize high-value supply.
đ Conclusion and Outlook for Deepin's Future
In the concluding paragraph, the speaker reiterates their bullish stance on Deepin, predicting it to be a top-performing sector in the crypto market. They emphasize the importance of user-friendly services and the potential for 'normies' to participate in and benefit from Deepin networks. The speaker also plans to create a ranking of Deepin coins, encouraging viewers to subscribe for updates. The paragraph ends with a summary of the key points discussed and a thank you note to the viewers.
Mindmap
Keywords
đĄDeepin
đĄCrowdsourced Capex
đĄHelium
đĄToken Incentives
đĄReal World Use Case
đĄVirtuous Flywheel
đĄDecentralized Sensor Networks
đĄDecentralized Storage and Compute
đĄTokenomics
đĄIncentivizing Higher Value Supply
Highlights
Deep tech is potentially crypto's breakout technology with interesting use cases.
Deep tech allows for crowdsourcing of capital expenditures (capex).
Helium is an example of a decentralized mobile network using deep tech.
Deep tech incentivizes people with tokens to set up nodes and provide services.
Tokens in deep tech have real-world use cases and are necessary for network growth.
Deep tech networks can selectively incentivize nodes in areas with high demand or low coverage.
Helium's mobile network is one of the first crypto products to gain mainstream appeal.
Deep tech projects aim to disrupt large markets with tangible services.
Decentralized sensor networks gather data and sell it, providing real-world value.
Decentralized connectivity is a significant sector within deep tech.
Decentralized storage and compute are sectors within deep tech but face challenges.
Investing in deep tech can be done through projects like Helium or broader exposure via Solana.
New blockchains like Peak and IoTeX are being designed specifically for deep tech.
Investing in deep tech projects requires evaluating their utility, tokenomics, and ability to incentivize valuable supply.
Deep tech is expected to be a top-performing sector in the crypto market due to its real-world applications.
Transcripts
all right good evening ladies in today's
video we're going to be talking about
potentially crypto's breakout technology
one of the most interesting use cases to
ever come out of crypto in my opinion
and the first cycle where this
technology or where this Niche within
crypto is really starting to hit bit of
mainstream adoption as well as really
hitting the mainstream narrative and of
course that is deep in I'm going to
explain exactly why deepin is the sector
that I'm paying possibly the most
attention into right now and one that I
want to invest more of my own Capital
into one of the most interesting use
cases in my opinion and I'm also going
to share with you at the end of the
video how to identify what is a good
deepin investment I'm going to give you
all the things you should watch out for
or the things you should look out for
when investing into a deepin project
because there's a billion different
deepin projects now and it's kind of
hard to know like from an investment
perspective might be like easier to
determine is this actually useful for
people but that doesn't necessarily
always mean the token is going to pump
so I'm going to share exactly how you
can identify which tokens are going to
pump in the deepin sector as well
towards the end of the video but first
like an overview of deepin why what is
dpin and why is it so useful it
essentially allows you to crowdsource
capex so probably the best way to
explain it was is with some examples
like maybe mobile data instead of having
to set up these huge cell towers all
throughout the city which would cost
millions or hundreds of millions to set
up a new mobile network now instead
you're decentralizing a mobile network
by everyone getting these little nodes
sticking it in their house or sticking
it on their business on their shop and
providing that mobile data for a
decentralized network and then people
can connect to this mobile network so
this is what helium with mobile is doing
and it's it's a much cheaper way and
it's a much better way to organize it
because you can put this mobile data you
can incentivize people to put one of
these nodes somewhere like you can give
better
rewards if someone puts a node somewhere
where there is no connectivity as
opposed to having to build a huge cell
tower but how do you actually get a
decentralized network of nodes to do
this well obviously you're giving them
token incentives to set this up so you
get rewarded the whatever deep in in
this case it would be mobile tokens but
whatever deep in coin you're going to be
getting those coins for providing that
real world service so it's actually
providing a real world use case and in
order to access that product you're
going to have to essentially buy those
buy buy those tokens and burn those
tokens a lot of the time and you might
not actually be doing this on the front
end but on the back end that's what's
happening so there's an actual proper
flywheel There's an actual use case for
the token in almost all of these dpin
projects you actually need the token
first to incentivize the build out of
the real world use case so with deep in
there's actual real world value being
created and there's actual real use case
for the token so that's why it's one the
two main reasons why it's so
interesting because you can't really
build a deepend network without the
token why not you might be asking why
can't I just incentive people with
salana or with another cryptocurrency or
with US dollars because that's again
that's that would just be the same as
you're going to need a huge amount of
money to start this so this is basically
skipping the coal start problem when it
comes to these kind of networks where
there's a huge amount of resources
required to actually set up a network
like this so you can
basically give people tokens that at the
very start have no value but people can
see the vision and they're getting these
tokens and over time as the network
grows those tokens are actually worth
something because it's a positive
feedback loop because they get those
tokens they're getting incentivized
tokens they might hold them they might
sell them and then speculators come and
invest and be like oh I see the vision
here I'm going to buy these tokens and
then so usually how a deep in network
starts is the supply is build out first
with these Network incentives
encouraging people to build out the
network and build out the product and
build out the supply side in this case
we'll just continue using the example of
a mobile network data Mobile Data
Network and then eventually people are
like okay I can get unlimited Broadband
or unlimited data unlimited text
unlimited calls for $20 a month using
helium I'm going to actually buy that
I'm going to do that they pay $20 a
month and then there's even more of an
incentive to provide more nodes onto
that Network and make the network even
stronger because now there's actual
demand coming in for this network and on
the back end those tokens are being
burned so it's a virtuous flywheel as
more participants join the network and
provide the service the service gets
better the network gets better like the
Wi-Fi speed might get faster and it
might become cheaper and cheaper So
eventually more more people come in this
demand start grows and grows and grows
which again makes more people want to
join the network to earn those
incentives so it's a virtuous flywheel a
lot of the time with deep in and the
token is actually very necessary for the
entire process so the other nice thing
about deepin networks is instead of
because we were providing Real World
products and providing a valuable
service to people that's not directly
tied to crypto like it's not just
directly tied to speculation so the
revenue for these dpin networks is
divide is coming from something tangible
whereas the revenue coming from a Unis
swap or a decentralized exchange or
pumped off pH or an nft Marketplace all
of that revenue is coming from
speculation from people speculating on
coins from people speculating on jpeg or
whatever so it's very very very much
tied to the crypto ecosystem and it's
just essentially tied to speculation
there's nothing really super fundamental
backing dexes or nft marketplaces or
most of the products in crypto are very
much speculation based whereas deep in
is the revenue is coming from something
tangible and providing a real world
value use case a lot of these deepin
projects are really trying to disrupt
huge addressable totally addressable
markets and we know in crypto people
love to dream people love to think oh
what is the potential with this if this
replaces all mobile networks how
valuable could that be so a lot of these
products are actually going for these
huge total addressable markets and the
other nice thing about deepin is that
instead of like web 2 very much
consolidates power in big Tech or cons
consolidates power into people who have
billions and billions of dollars to be
able to set up these networks in the
first place like build out these cell
towers or build out Uber and it is very
much a consolidation of power into Tech
Giants whereas with deepin you're
decentralizing that power anyone can
earn from providing a service like any
old Joe can just make a little bit of
extra money during the month to by
providing a little bit of data or
providing a little bit of Wi-Fi or
providing a little bit of storage or
energy or compute Power Pin has been
actually the best performing sector in
crypto over the last few months when
everything else has been going down
we've seen that helium has actually been
performing extremely well and that's for
a couple of reasons they've kind of
branched out from being just an iot
provider that's kind of what they
started as uh nodes for intern of things
and obviously Internet of Things hasn't
really taken off yet and now they're
doing the mobile data thing and they're
eventually kind of looking to Branch out
into all like being a network for loads
of different deepin projects and
services so that's why h&t helium that
coin has been doing particularly well
and their mobile network is one of the
first crypto products to really start
hitting Mass Normy appeal I think they
have over 100,000 people using uh the
helium Network and it's $20 a month and
you get unlimited everything and I think
most networks in America cost like $70 a
month for everything so it's
obviously like it's not just slightly
cheaper it's like three times cheaper
which is like if something is just
slightly cheaper and slightly better
usually it's not good enough to get a
lot of people to switch over but once it
start getting much much cheaper then
people start get in getting interested
in it so like the helium mobile network
is one of the first examples of a fully
fleshed out working product in the deep
in space but a lot of these deep in
projects they're just starting off so
only the supply side has been built out
and the demand side hasn't really come
in yet and I think helium as well is
just starting with that getting that
demand side out like a lot of these
projects like the the revenues in deepin
are not extraordinary yet like the
decentralized storage plays and the
decentralized compute plays like a
cashier we can
see the cash Revenue which is the
decentralized storage sorry
decentralized compute
Network it's revenu is growing a lot but
it's still minuscule three grand a day
which is like a million of Revenue per
year like it's not huge by any stretch
of the man imagination not every Niche
within the deepin niche it's self is
potentially the best investment so the
centralized compute we'll discuss a bit
later but as we can see helium with this
mobile network with this mobile data we
can see how much uh coins how much value
they've burned from providing this
service and the yellow is the mobile
token and the green is the iot token
which is their which was their original
product and as you can see mobile has
completely eclipsed the original iot
product and I think this this all then
goes and burns the h&t token which is
the main token for the helium Network
and there's two major US carriers that
are offloading some of their
requirements onto the helium Network
like I don't I don't know maybe T-Mobile
or some one of them um yeah so they're
using helium already and there's also a
lot of individuals using the hel helium
mobile network so oh connectivity which
would be the likes of mobile data
there's a a lot of deepin projects
within this sector but this seems to be
one of the first ones the lowest hanging
fruit for deepin and helium has been
around for since 2017 I think so it's
been around for a long long time and
yeah it's finally starting to hit
critical mass it's finally really
starting to hit product Market fit and
it's the biggest deepin project at the
moment and the nice thing about helium
like I kind of mentioned this earlier
but this applies to a lot of deepin
projects is that they can selectively
incentivize say there's a certain area
within New York that there's a lot of
foot traffic but not a lot of coverage
they can give extra incentives for
people to put a Noe up up there so you
can't really do that with a web to cell
tower like that takes millions and
millions of dollars and you know can't
just do within a couple of days so there
are really strong advantages for healing
and for connectivity connectivity deepin
sector so right now the supply side has
been fleshed out for a lot of these dpin
networks because you're incentivizing
people to to supply the service whether
it's a mapping data whether it's compute
power etc etc there is plenty of
incentive for people to give that Supply
however helium is one of the only
projects that's really seen a lot of
demand for this Supply so far let's talk
about some other sectors and niches
another interesting Niche within deepin
are decentralized sensor networks so an
example of this these are basically
networks that gather data and sell that
data on to whatever party would want
that data so an example which I've done
a video on before so if you want to dive
deep into this project you can watch
that video cuz it's a very interesting
project in my opinion and that's Hive
mapper and that's essentially people
stick a little camera on their car and
as they're driving so they're Uber
driver that drives a lot that's
Gathering data so it's taking pictures
and it's mapping like giving really
up-to-date fresh maps of a certain area
and you're getting rewarded tokens for
doing that now Uber pays Google like 10
billion some outrageous figure per year
to get access to their Google Maps
and um Hive mapper is providing a way
more up-to-date mapping service so
there's a lot of potential clients that
could use this sort of mapping data so
that's what a sensor network is now as I
said the supply side is growing it's
growing very very fast but the demand
side isn't fully fleshed out yet so it's
still in its early stage and we need to
see if people are actually going to use
this data yet another example would be
grass which I talked about a bit which
is you sell your excess Broadband your
excess sorry bandwidth on your Broadband
so when you're browsing the internet and
there's extra bandwidth not being used
grass is essentially selling that
bandwidth for AI companies to scrape the
internet and gather more data
so also a really really interesting
project project and was which is in the
AI and deep in uh sectors so potentially
going to be a very interesting launch
once once it launches very very soon so
I'm keeping an eye on that one and if
you've been following my videos for a
while you'll also be getting that
airdrop
for providing that service which was
super easy to do for example in the
sensor Network would be godod net and
that's for GPS Services I think it's
accurate within 10 cm whereas most GPS
services are accurate within 2 m so it's
a way more accurate GPS um Network and
you know similar concept people are
providing this data for the GPS Network
just a few more examples in the
connectivity Niche the same one that
helium is in you have the same
centralized Wi-Fi Dy so this is Wi-Fi
for $20 a month as opposed to $140 a
month most people pay in America there's
Dawn decentralized Broadband people
provide their EXs internet connectivity
and they sell the excess Supply to a
communal Network and you can see a
little graph of it here the thing about
de centralized Broadband is the like
cost to the network isn't in the
bandwidth it's in the actual
infrastructure so the Xs bandwidth
essentially is being unused uh it's
essentially free like it can be used by
someone else and like there's no extra
cost to anyone if someone uses that
essentially it's the infrastructure
setting up the infrastructure in the
first place that the original people who
have done the internet service providers
that's where the costs come from so the
excess Broadband which is being unused
if you can sell that that's great that's
what Dawn is doing now the problem with
a couple of these like grass and with
Dawn a lot of these isps internet
service providers don't allow people to
sell EXs Broadband or
EXs Wi-Fi or anything like that um so
it's a bit it's still in a legal Gray
Zone so this might get shut down but
it's just something that you're aware of
like it's not fully fleshed out yet but
I just wanted to be here of the
different kind of services and the
different kind of projects people are
looking into in the deepin network so
you kind of have an idea of how useful
it is the decentralized physical
resources so decentralized storage we've
talked about that
before now the problem with
decentralized storage is and
decentralized compute we've talked about
extensively I've done a video on
decentralized compute which is the best
decentralized compute network if you
want to watch that video there's a
couple of issues with decentralized
compute in the first place in order for
like the idea behind this was that
people will sell their excess compute
power to a grid or to a network and like
idle compute power like their graphics
card for their gaming console or
whatever might as well sell that and
people can run AI models using that
compute because you know we're so
compute constrained at the moment
because everyone all the big tech
companies want to compute for their AI
models to train AI or for inference for
AI as well so there's not enough
computer to go around at the moment and
that's why Nvidia is going to the Moon
so that's why those render cash and uh
what's the other one uh whichever the
other one is okay off the top of my head
that's why they've been performing so
well or nisana so that's all very well
and good but the issue is like in order
to train these like really highly uh
complex AI models you need like a
cluster of extremely
powerful h100s Nvidia chips so like a
spare compute graphics card isn't going
to be able to train the models so like
the I'm not as bullish on that sector as
I originally was because I I know IET
are kind of trying to tackle this by
creating these clusters of in Nvidia
chips um and the other problem is like
there there's it's not it's not so it
sounds really good but it's not much
much cheaper than the original
incumbents yeah it's cheaper we can see
from here that's a little bit cheaper
but there's new incumbents coming in
like uh vest Ai and they're
offering compute for pretty cheap prices
as well like almost on the same order of
magnitude as a cash um so obviously
Amazon web service is $5 a cash is $1 so
way way cheaper for this uh compute per
hour however vest AI all these like
smaller incumbents in like the web two
space that aren't used in a
decentralized network are offering
similar prices so generally for people
to switch over like there's all these
regulatory issues and you
need like there is some advantages to to
the decentralized compute but at the
same time is it enough to bring people
over from web 2 we haven't seen that yet
and it's kind of the
same with decentralized storage as well
it's not much much cheaper just yet so
we have to wait and see how those like
they were really really hyped Maybe 6
months ago but potentially they're not
the lowest hanging fruit with deep in
and I'm looking more at connectivity and
sensor data the ones we're talking about
already like providing data like uh H
mapper providing the Mapp mapping data
and there's a lot of different s sensor
network data providers which are really
really interesting but the demand side
hasn't come out for that yet but the
connectivity one also very very
interesting and h&t being the biggest
deep in play and performing so well I
have been adding to that position
personally okay so now I'm going to tell
you how to actually invest in the deepin
niche if you want to invest in the
deepin niche what you need to look out
for but say you don't want to invest in
individual products in the deepin space
you're kind of like okay there's so many
different projects which is very fair
and I don't know which one's going to
get the most real world users and which
one is going to provide the most value
and all of this kind of thing it's very
new it's hasn't been fleshed out yet
which is 100% true but a lot of these
dpin networks are being built on salana
and maybe some on ethereum but not
really so a way to kind of get broad
exposure to the deep in space is with
salana now obviously salana like market
cap isn't going to go 20x or something
so and it's probably only going like the
gains from deep in on salana are
probably only going to affect it like
maybe Max of like 30% like what I mean
is that the value of salana isn't 100%
tied to the value of dpin like there's a
lot of other things that are have
propped up the value of salana so you
know it's not a perfect way to invest in
it but obviously it's very bullish for
salana in the fact that a lot of these
deep pin networks have bridged or have
set up on salana so that's why one of
the reasons that I'm still very bullish
on salana my biggest is holding for the
cycle and I'm going to leave it that way
because I'm very very bullish on deepin
if you haven't realized by this by this
uh time uh very bullish on deep in and I
think that will help the price of salana
however there's other new networks that
are coming out that are actually going
to be ler ones that are specifically
designed for deepin networks so Peak is
one that I'm really looking I'm going to
be keeping an eye on it's not out yet um
but it's again it's 100% designed for
deepin and What deepin needs is really
low transaction costs because there's
going to be a lot of transactions and
really really fast transaction speeds as
well obviously obv and obviously you
want the centralization and everything
else that goes with it some information
about Peak 100K transactions per second
so very performant blockchain and
another one that's coming out is iotex
so I am keeping an eye on this I might
do a video on Peak by itself um once
I've done a bit more research because
it's not even out yet so there's no
crazy rush to get in on it um but yeah
that's a way to get a kind of a more
broad exposure so if you want the kind
of lower risk way to get exposure to
deepin you can look at salana and then a
little bit riskier would be the helium
token the h&t token because that's kind
of the market leader for deepin in my
opinion I know there's filecoin I think
has a bigger market cap but um I I
personally back helium to be the the
main pin player I think it should
iperform um because storage isn't as
interesting as helium in my opinion and
if you do want to invest in individual
products here are the points that you
want to look out for so first is it
providing something very useful to an
end user is it providing real useful
data is it providing a real useful
service like example of useful product
is it's bringing connectivity to a place
that didn't have connection before that
a web 2 company that a tradition
company couldn't bring connectivity to
that would be an example of real use
case that a web 2 incumbent couldn't
really provide or and it's not just
providing a small cost Advantage if
there's a cost advantage to using a
de-pin network it's going to have to be
really really like much much cheaper to
get people to switch over like a lot of
people a lot of big companies they have
their compute storage um
they have their computer and storage
providers they already have good
relationships with them and you know
everything's kind of set up easily
there's highly regulated it's all
working well so to get them to switch
for 20% cheaper when it's not like it's
not a huge potentially not a huge part
of their budget anyway it's probably not
going to happen unless it's like much
much cheaper and it's really going to
affect their bottom line or make things
more streamlined or just be a better
product overall so cost Advantage has to
be significant or it has to be way
faster like say the internet using the
centralized uh Broadband or whatever say
it's way way faster the download speed
is much better and it's much cheaper
then at that point you could see okay
maybe people be willing to switch
because everyone wants faster Wi-Fi okay
obviously you want a good product that's
going to attract users but if the
tokenomics are garbage then the token
isn't going to be worth investing in so
what you need is a real demand sync so
you want anyone who is um using the
product on the back end some tokens are
are are either being burnt or needed to
be staked or some sort of mechanism
where there is a demand for the token at
the back end like I know with the helium
mobile network you're paying $20 a month
and that $20 is then converted into the
mobile tokens and burned so that's
essentially how it's working so the end
user isn't like has no idea it's crypto
and no need for it to be crypto but on
the back end there has to be a mechanism
that either Burns or forces you to stake
tokens or something like that so there
has to be an actual demand for the token
otherwise the token will just inflate to
Infinity you know so a lot of these DP
networks are well aware of this though
and there is good a good positive feed
feedback loops with most of them the
final point on what to look out for that
helps a deep project perform well is if
they're able to incent we talked about
this a minute ago but
incentivize higher value Supply so
people who are providing a more useful
data or providing connectivity in in a
less uh connected place they're getting
outsized returns and they're getting
better incentives for doing that so if
your project or the project project that
you're looking into is able to in
incentivize what they need and what they
want more that's a good thing to look
out for as well cuz web 2 incumbents
can't do that so I do think deepen is
going to be one of the best performance
actors in the cycle we can see it's kind
of uh very recently it's been performing
quite well and that's mostly on the back
of helium um over the last few months
it's been performing quite well kind of
in line with Bitcoin and ethereum and
not as well as salana but yeah I do
think once crypto really starts taking
off deep in it is going to be one of the
most
interesting sectors the reason being is
it's very Normy friendly it's very easy
to understand and normies are definitely
going to want to earn money through
crypto by providing these services and
in the fact that them doing that because
that they because that they're doing
that these networks are actually going
to be quite valuable the data that these
networks are providing or the resources
that these networks are providing are
going to be valuable so users are going
to come in my opinion so that's a very
deep dive onto deep in I'm going to do
um deep in coins ranked from best to
worst soon so if you want to see that
video make sure you're subscribed and
yeah really hope you enjoy the video and
thank you so so much for watching see
you in the next one cheers
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