XPIN Network: Redefining Global Connectivity by Combining DePIN and PayFi

Beginner12/23/2024, 8:09:06 AM
The development of decentralized technology has brought more innovative solutions to a series of challenges faced by the traditional telecommunications industry. Taking XPIN Network as an example, it combines DePIN (Decentralized Physical Infrastructure Network) and PayFi (Decentralized Payment Finance) to build a secure, user-driven global network that meets the diverse communication needs of users. It also attracts and provides an autonomous, sustainable incentive ecosystem for ecosystem participants through gamification.

The iteration of technology is profoundly changing people’s lifestyles. While it brings a series of conveniences and opportunities, it also creates many challenges that need to be addressed. Taking the traditional telecommunications industry as an example, users often face high cross-regional service costs, limited data service coverage, unstable IoT device connections, and insecure public networks, especially in an industry where resources are highly monopolized. More critically, users have no voice in the matter and endure poor user experiences from start to finish.

To address these pain points, XPIN Network has proposed a comprehensive solution. By combining DePIN (Decentralized Physical Infrastructure Network) and PayFi (Decentralized Payment Finance), it aims to build a secure, user-driven global network that meets users’ diverse communication needs. Additionally, through gamification, it attracts and provides an autonomous, sustainable incentive ecosystem for ecosystem participants.

What is XPIN Network?

XPIN Network is a decentralized wireless network platform that provides high-speed, secure wireless connectivity in over 200 countries and regions, offering users stable and automated network switching. Relying on physical infrastructure and a token-based payment system, XPIN Network aims to provide a more flexible and cost-effective solution for global connectivity through its diverse products, such as global eSIM, XPIN PowerLink, XPIN Box, and XPIN Base Station.


Source: XPIN Network

In this solution, users enjoy the convenience of products and services and act as leaders, managing and governing the network through their participation in ecosystem development and contributions, thereby earning real rewards.

Currently, XPIN Network has launched the XPIN eSIM card and introduced a simulation social game, Xtella, based on Telegram with a space communication theme. Xtella will offer token airdrops to participating users, with 8% of the total XPIN Network token supply distributed to global players.

Team Background and Funding

XPIN Network officially launched in the third quarter of 2024. According to the DoraHacks platform, the founder and CEO of XPIN Network is Riva Huang, an IoT expert who is also a board member of ACEIE (Central European Innovation and Entrepreneurship Association) and the secretary-general of AAIA (Asia-Pacific Artificial Intelligence Association). The co-founder and COO of XPIN Network is Roger Li, who has extensive experience in user growth and has worked at AiLink, Hotbit Exchange, and Influipia. Other core team members, such as the engineering director, also have strong IoT and big data backgrounds, holding eight patents.

Regarding funding, XPIN Network has not disclosed any details yet. However, XPIN Network has formed many collaborations with BNBChain, including launching exclusive eSIM packages and recently joining the MVB Accelerator Program. According to official sources, XPIN Network’s partners include TON, Alchemy Pay, Oak Grove Ventures, Foresight Ventures, and NovaSeeds.


Source: Xtella

Core Technology Architecture

As a wireless communication network, XPIN Network places great importance on the privacy and security of user data. To ensure a secure, reliable, and efficient communication experience, the XPIN Network architecture integrates blockchain technology, multi-operator access, and advanced encryption methods. The core technologies used include:

Decentralized Technology

XPIN Network has built a decentralized node network, utilizing multi-node data storage and processing to enhance network security and stability, ensuring that no single point of failure can disrupt the network. Additionally, the integration of blockchain smart contracts and digital asset payment methods highlights the transparency and automated management of the ecosystem.

End-to-End Encryption and Data Security

XPIN Network employs end-to-end encryption protocols to create secure tunnels for data transmission, protecting user data from unauthorized access during communication. The team also uses intrusion detection and firewall systems to monitor the network in real time, identifying and mitigating potential threats to maintain data security.

Multi-Operator Access System

XPIN Network provides access to over 200 operators worldwide. The system automatically matches users with the most reliable local networks to fully meet their diverse needs.

Four Major Innovative Products

XPIN Network offers a diverse and customizable ecosystem of products. According to the product roadmap released by the team, the development is divided into two phases: the first phase focuses on expanding the user base in a gamified and accessible way, while the second phase emphasizes product development to enhance user experience.

The core products of XPIN Network are as follows:

  • Global eSIM: This product supports automatic cross-border connectivity, covering over 200 countries and regions worldwide. It eliminates the need for physical SIM cards and allows users to choose flexible data plans based on their needs. Designed for global travelers, digital nomads, and remote workers, this product has already been launched.

  • XPIN PowerLink: A device that combines charging, connectivity, and earning capabilities, and is the world’s first mobile power bank to support mining. Based on cloud communication SmartSIM technology, intelligent energy network matching, multiple security mechanisms, and fast-charging protocols, this product offers users fast charging, smooth network connections, and seamless support for efficient mining. XPIN PowerLink is currently under development and will be launched soon.


Source: XPIN Network

  • XPIN Box: Designed for home and office use, it provides stable, secure internet connectivity and multi-device support. The team plans to launch it in the second quarter of 2025.
  • XPIN Base Station: Primarily aimed at enterprise users and large-scale deployments, it offers advanced network features and decentralized communication support. The team plans to launch it in the third quarter of 2025.

Xtella: Gamifying Ecosystem User Engagement

In the XPIN Network ecosystem, product development plays a crucial role, serving as the foundation for market expansion and enhanced global connectivity. In addition to the four core products mentioned, Xtella also plays a key role by attracting and incentivizing users through gamification, providing a stable earning model while catering to the interests of global players.

Xtella is a Telegram-based mini-game that officially launched in late October. Players can participate for free and level up by completing various tasks, purchasing items, and inviting friends. The higher the player’s level, the greater the airdrop rewards they will receive. The official team has committed to allocating 8% of the total token supply for airdrops to Xtella players.


Source: Xtella

The game is set in a futuristic world where traditional ground communication facilities can no longer meet human needs. Xtella emerges as a decentralized satellite communication network, helping global users access the internet via satellites. Players begin with a single satellite and upgrade by completing relevant tasks to unlock more satellites.

Each satellite has a unique Power attribute, which determines the player’s mining power. The higher the Power value, the faster the mining speed. The calculation formula is: Total Power = (Base Power + Wing Power + Signal Power + Bonus Power) × Signal Multiplier. To increase a satellite’s Power, users can focus on each element of the formula. For example, Base Power is determined by the player’s level, so completing tasks and leveling up quickly will help. Signal Power is based on the player’s total historical spending in the XPIN Network, allowing players to develop strategies for purchasing game items. Additionally, players can purchase CommCore communication cores to improve the signal multiplier. The official team has released three types: basic, intermediate, and advanced, and these support payments via PayPal and cryptocurrency.


Source: Xtella

It’s important to note that players can only claim all of their rewards once the mining function is activated. Without activation, players can claim up to 50% of their rewards, while the remaining 50% will be stored and released all at once when the mining function is activated. Currently, the mining function is live, and the activation item for mining is the CommCore. Once users purchase it, the mining function is automatically activated.

Another point to consider is that the friend invitation feature in Xtella is not just about enhancing social attributes and promoting network growth. This mechanism is crucial for leveling up and increasing income, and it imposes higher quality requirements on the invited friends.

Specifically, each player can invite two friends to become their “direct satellites.” As more users join, they are automatically arranged in levels, forming a large satellite network. A player’s ability to level up is closely tied to these “direct satellites,” and their upgrade tasks impose different requirements on the satellites of invited friends. Under this mechanism, bot accounts have no use, ensuring that only real users can earn token rewards.

Additionally, each player can compete for the satellite rewards of other players based on their level. The player can earn 10% of the stolen satellite’s rewards for each successful steal. If the mining function is not activated, players can only claim 5% of the rewards from other satellites.

According to the team’s plans, Xtella will gradually introduce more features and gameplay, such as earning items, attack/defense items, achievement systems, and lucky pools, to continuously enhance the user experience.

Token Economic Model and Future Plans

Currently, users mainly earn $XP rewards by participating in the Xtella game and community contributions, including content creation and various ecosystem activities. However, after the official launch of the TGE (Token Generation Event) for XPIN Network, the system will convert $XP into the native token $PIN according to the airdrop rules and distribute $PIN to users.

$PIN is the core of the XPIN Network economy, with a total supply of 100 billion. The specific allocation percentages are as follows:


Source: XPIN Network

Holding $PIN provides various benefits, including:

  • Node Staking: By staking $PIN to become a network node, node operators can earn rewards based on the amount staked.
  • Transaction Payments: Users can use $PIN to purchase data plans, virtual items, subscription services, and more.
  • Community Governance: Holders of $PIN have voting rights and the ability to propose changes within the community.
  • Ecosystem Benefits: Holding $PIN grants exclusive discounts on products and services within the ecosystem.

According to the team, XPIN Network plans to launch the TGE in the first quarter of 2025. The team also aims to launch core products throughout next year, implement community governance mechanisms, and open third-party application interfaces, further expanding the community and ecosystem and enhancing market coverage.

Conclusion

XPIN Network’s mission is to create a decentralized, secure, and user-driven global network that provides low-barrier, low-cost, customizable, and scalable communication solutions for users worldwide.

Although it is still in its early stages, XPIN Network has a clear project plan and is actively expanding its ecosystem, building multiple revenue streams. To incentivize users to contribute to the ecosystem, the team also focuses on enriching the Xtella game to boost community loyalty and activity. In conclusion, it is hoped that the team will stay true to its original vision and steadily fulfill its commitments.

Auteur: Tina
Vertaler: Viper
Revisor(s): KOWEI、Piccolo、Elisa
Translation Reviewer(s): Ashely、Joyce
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.

XPIN Network: Redefining Global Connectivity by Combining DePIN and PayFi

Beginner12/23/2024, 8:09:06 AM
The development of decentralized technology has brought more innovative solutions to a series of challenges faced by the traditional telecommunications industry. Taking XPIN Network as an example, it combines DePIN (Decentralized Physical Infrastructure Network) and PayFi (Decentralized Payment Finance) to build a secure, user-driven global network that meets the diverse communication needs of users. It also attracts and provides an autonomous, sustainable incentive ecosystem for ecosystem participants through gamification.

The iteration of technology is profoundly changing people’s lifestyles. While it brings a series of conveniences and opportunities, it also creates many challenges that need to be addressed. Taking the traditional telecommunications industry as an example, users often face high cross-regional service costs, limited data service coverage, unstable IoT device connections, and insecure public networks, especially in an industry where resources are highly monopolized. More critically, users have no voice in the matter and endure poor user experiences from start to finish.

To address these pain points, XPIN Network has proposed a comprehensive solution. By combining DePIN (Decentralized Physical Infrastructure Network) and PayFi (Decentralized Payment Finance), it aims to build a secure, user-driven global network that meets users’ diverse communication needs. Additionally, through gamification, it attracts and provides an autonomous, sustainable incentive ecosystem for ecosystem participants.

What is XPIN Network?

XPIN Network is a decentralized wireless network platform that provides high-speed, secure wireless connectivity in over 200 countries and regions, offering users stable and automated network switching. Relying on physical infrastructure and a token-based payment system, XPIN Network aims to provide a more flexible and cost-effective solution for global connectivity through its diverse products, such as global eSIM, XPIN PowerLink, XPIN Box, and XPIN Base Station.


Source: XPIN Network

In this solution, users enjoy the convenience of products and services and act as leaders, managing and governing the network through their participation in ecosystem development and contributions, thereby earning real rewards.

Currently, XPIN Network has launched the XPIN eSIM card and introduced a simulation social game, Xtella, based on Telegram with a space communication theme. Xtella will offer token airdrops to participating users, with 8% of the total XPIN Network token supply distributed to global players.

Team Background and Funding

XPIN Network officially launched in the third quarter of 2024. According to the DoraHacks platform, the founder and CEO of XPIN Network is Riva Huang, an IoT expert who is also a board member of ACEIE (Central European Innovation and Entrepreneurship Association) and the secretary-general of AAIA (Asia-Pacific Artificial Intelligence Association). The co-founder and COO of XPIN Network is Roger Li, who has extensive experience in user growth and has worked at AiLink, Hotbit Exchange, and Influipia. Other core team members, such as the engineering director, also have strong IoT and big data backgrounds, holding eight patents.

Regarding funding, XPIN Network has not disclosed any details yet. However, XPIN Network has formed many collaborations with BNBChain, including launching exclusive eSIM packages and recently joining the MVB Accelerator Program. According to official sources, XPIN Network’s partners include TON, Alchemy Pay, Oak Grove Ventures, Foresight Ventures, and NovaSeeds.


Source: Xtella

Core Technology Architecture

As a wireless communication network, XPIN Network places great importance on the privacy and security of user data. To ensure a secure, reliable, and efficient communication experience, the XPIN Network architecture integrates blockchain technology, multi-operator access, and advanced encryption methods. The core technologies used include:

Decentralized Technology

XPIN Network has built a decentralized node network, utilizing multi-node data storage and processing to enhance network security and stability, ensuring that no single point of failure can disrupt the network. Additionally, the integration of blockchain smart contracts and digital asset payment methods highlights the transparency and automated management of the ecosystem.

End-to-End Encryption and Data Security

XPIN Network employs end-to-end encryption protocols to create secure tunnels for data transmission, protecting user data from unauthorized access during communication. The team also uses intrusion detection and firewall systems to monitor the network in real time, identifying and mitigating potential threats to maintain data security.

Multi-Operator Access System

XPIN Network provides access to over 200 operators worldwide. The system automatically matches users with the most reliable local networks to fully meet their diverse needs.

Four Major Innovative Products

XPIN Network offers a diverse and customizable ecosystem of products. According to the product roadmap released by the team, the development is divided into two phases: the first phase focuses on expanding the user base in a gamified and accessible way, while the second phase emphasizes product development to enhance user experience.

The core products of XPIN Network are as follows:

  • Global eSIM: This product supports automatic cross-border connectivity, covering over 200 countries and regions worldwide. It eliminates the need for physical SIM cards and allows users to choose flexible data plans based on their needs. Designed for global travelers, digital nomads, and remote workers, this product has already been launched.

  • XPIN PowerLink: A device that combines charging, connectivity, and earning capabilities, and is the world’s first mobile power bank to support mining. Based on cloud communication SmartSIM technology, intelligent energy network matching, multiple security mechanisms, and fast-charging protocols, this product offers users fast charging, smooth network connections, and seamless support for efficient mining. XPIN PowerLink is currently under development and will be launched soon.


Source: XPIN Network

  • XPIN Box: Designed for home and office use, it provides stable, secure internet connectivity and multi-device support. The team plans to launch it in the second quarter of 2025.
  • XPIN Base Station: Primarily aimed at enterprise users and large-scale deployments, it offers advanced network features and decentralized communication support. The team plans to launch it in the third quarter of 2025.

Xtella: Gamifying Ecosystem User Engagement

In the XPIN Network ecosystem, product development plays a crucial role, serving as the foundation for market expansion and enhanced global connectivity. In addition to the four core products mentioned, Xtella also plays a key role by attracting and incentivizing users through gamification, providing a stable earning model while catering to the interests of global players.

Xtella is a Telegram-based mini-game that officially launched in late October. Players can participate for free and level up by completing various tasks, purchasing items, and inviting friends. The higher the player’s level, the greater the airdrop rewards they will receive. The official team has committed to allocating 8% of the total token supply for airdrops to Xtella players.


Source: Xtella

The game is set in a futuristic world where traditional ground communication facilities can no longer meet human needs. Xtella emerges as a decentralized satellite communication network, helping global users access the internet via satellites. Players begin with a single satellite and upgrade by completing relevant tasks to unlock more satellites.

Each satellite has a unique Power attribute, which determines the player’s mining power. The higher the Power value, the faster the mining speed. The calculation formula is: Total Power = (Base Power + Wing Power + Signal Power + Bonus Power) × Signal Multiplier. To increase a satellite’s Power, users can focus on each element of the formula. For example, Base Power is determined by the player’s level, so completing tasks and leveling up quickly will help. Signal Power is based on the player’s total historical spending in the XPIN Network, allowing players to develop strategies for purchasing game items. Additionally, players can purchase CommCore communication cores to improve the signal multiplier. The official team has released three types: basic, intermediate, and advanced, and these support payments via PayPal and cryptocurrency.


Source: Xtella

It’s important to note that players can only claim all of their rewards once the mining function is activated. Without activation, players can claim up to 50% of their rewards, while the remaining 50% will be stored and released all at once when the mining function is activated. Currently, the mining function is live, and the activation item for mining is the CommCore. Once users purchase it, the mining function is automatically activated.

Another point to consider is that the friend invitation feature in Xtella is not just about enhancing social attributes and promoting network growth. This mechanism is crucial for leveling up and increasing income, and it imposes higher quality requirements on the invited friends.

Specifically, each player can invite two friends to become their “direct satellites.” As more users join, they are automatically arranged in levels, forming a large satellite network. A player’s ability to level up is closely tied to these “direct satellites,” and their upgrade tasks impose different requirements on the satellites of invited friends. Under this mechanism, bot accounts have no use, ensuring that only real users can earn token rewards.

Additionally, each player can compete for the satellite rewards of other players based on their level. The player can earn 10% of the stolen satellite’s rewards for each successful steal. If the mining function is not activated, players can only claim 5% of the rewards from other satellites.

According to the team’s plans, Xtella will gradually introduce more features and gameplay, such as earning items, attack/defense items, achievement systems, and lucky pools, to continuously enhance the user experience.

Token Economic Model and Future Plans

Currently, users mainly earn $XP rewards by participating in the Xtella game and community contributions, including content creation and various ecosystem activities. However, after the official launch of the TGE (Token Generation Event) for XPIN Network, the system will convert $XP into the native token $PIN according to the airdrop rules and distribute $PIN to users.

$PIN is the core of the XPIN Network economy, with a total supply of 100 billion. The specific allocation percentages are as follows:


Source: XPIN Network

Holding $PIN provides various benefits, including:

  • Node Staking: By staking $PIN to become a network node, node operators can earn rewards based on the amount staked.
  • Transaction Payments: Users can use $PIN to purchase data plans, virtual items, subscription services, and more.
  • Community Governance: Holders of $PIN have voting rights and the ability to propose changes within the community.
  • Ecosystem Benefits: Holding $PIN grants exclusive discounts on products and services within the ecosystem.

According to the team, XPIN Network plans to launch the TGE in the first quarter of 2025. The team also aims to launch core products throughout next year, implement community governance mechanisms, and open third-party application interfaces, further expanding the community and ecosystem and enhancing market coverage.

Conclusion

XPIN Network’s mission is to create a decentralized, secure, and user-driven global network that provides low-barrier, low-cost, customizable, and scalable communication solutions for users worldwide.

Although it is still in its early stages, XPIN Network has a clear project plan and is actively expanding its ecosystem, building multiple revenue streams. To incentivize users to contribute to the ecosystem, the team also focuses on enriching the Xtella game to boost community loyalty and activity. In conclusion, it is hoped that the team will stay true to its original vision and steadily fulfill its commitments.

Auteur: Tina
Vertaler: Viper
Revisor(s): KOWEI、Piccolo、Elisa
Translation Reviewer(s): Ashely、Joyce
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
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