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MJ

@methereum

51 Following
3 Followers
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MJ
@methereum
8/ Got examples of DePIN winners or losers in this cost-effort-reward game? Comment below or share! Let’s dig deeper.
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@methereum
7/ So, here’s the takeaway: DePIN projects live or die by the cost-effort-reward mix. High cost/effort projects can win long-term—IF the rewards match. Low cost, low effort? They’ll survive, but won’t shine. Users decide with their time and money.
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@methereum
6/ GEODNET, DIMO, Hivemapper nail this. Upfront investment? Sure. But the effort’s minimal, and rewards keep flowing. Silencio misses the mark—free hardware can’t save it if the effort outweighs the gain. Nodepay manages because low effort matches low reward.
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5/ The pattern’s clear: there’s a direct link between cost-effort and rewards. Projects demanding high cost AND high effort (like fancy hardware + constant upkeep) need to deliver BIG to survive.
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4/ Flip to Nodepay. Also no cost, and rewards? And token price has been in the gutter since launch. Yet, some users stick around. Why? Zero effort. It’s passive—no daily hustle. Low cost, low effort, low reward—it’s not thriving, but it’s not bleeding users either.
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@methereum
2/ Take GEODNET, DIMO, and Hivemapper. Users are willingly paying for hardware costs upfront—hundreds/thousands of bucks. But what’s the return? Steady rewards with low daily effort. Drive a car, mount a station, map the world—boom, tokens roll in. Higher cost, low effort, juicy rewards = long-term winners.
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@methereum
3/ Now look at Silencio. Zero hardware cost—sounds great, right? But users are bailing. Why? It’s a grind—constantly opening the app, measuring noise pollution wherever they go. Effort’s sky-high, and with token prices tanking, the rewards just don’t cut it. No cost, high effort, low reward = trouble.
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MJ
@methereum
1/ In the long run, will DePIN projects succeed or fail depends on one thing: the cost-effort-reward balance. High cost & effort from users to share data? You better bring BIG rewards. Let’s break it down with some real examples.
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Demand for their data is the ultimate decider - Hivemapper burned 11.3Mn tokens for selling their data (until Jan ‘25), Natix 190.7Mn (until Mar ‘25). Big clients like Fortune 50 are among their buyers. Can DePIN shake Google’s hold? Dive into the full analysis—link below! https://paragraph.com/@blocktalk @natixnetwork
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6/ Hivemapper’s supply chain struggles—1+ yr waiting time, some users even cancel their hardware orders. Natix grows fast (244K users vs 82K), but smartphone's data lacks quality. Can either match Google’s accuracy?
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5/ Hivemapper's drivers in UK earn $130 in 4 weeks driving 1300 miles. Natix? Just $27. Hivemapper’s $589 hardware costs more, but fleet owners can get started with $9/month. Passive income draws users but data quality’s the challenge.
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4/ Enter DePIN: decentralized mapping on blockchain. Hivemapper’s 360° dashcams collected 268Mn kms of data by July ‘24 – while Google took 12 yrs for 16Mn kms. Natix? 153Mn kms with just smartphones. Faster than Google, but can they steal the crown?
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@methereum
3/ Apple Maps, Bing, even OpenStreetMap tried. Failed. Apple’s got 27.5% smartphone reach vs Android’s 71.9%—not enough. OSM’s volunteer data is inconsistent—great in some cities, useless in others. Google’s full-stack machine (quality data + UX) crushes them.
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2/ Google’s secret? A massive network effect—millions of phones feeding real-time traffic. But road data updates lag, especially in rural areas, stuck for 5-10+ yrs. That delay leads to accidents. Why can’t rivals keep up?
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Google’s $30Bn Mapping Monopoly: Can Hivemapper and Natix Network Beat It? 1/ Google Maps owns 67% of the mapping industry—but it’s not flawless. Fatal crashes—like 3 guys in India falling off an under-construction bridge in Nov ‘24—show its data can lag, especially in places like India where roads change fast. How’s it still a leader?
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MJ
@methereum
The day auditors and security researchers start using your DeFi protocol is the day you can confidently assume your protocol is safe
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@methereum
Sleep to Earn🔥 But I recently came across some more interesting ones Vape To Earn: @puffpaw Play to Earn - Food Coupons from Gobbl https://x.com/gobblfood?s=21&t=pbDidEYFj3WQGrIQvOSuJA
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2025 Goal📍 Become an active caster and build a community 👬👭
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I have heard 100s of such cases on Instagram. Infact, I’ve myself been victim to one with my community of 1Mn+ followers :( That’s why I love web3 and its offerings.
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Would definitely love to read up more on bank to bank payments. Thanks for sharing👍🏻
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