Altcoin Season Has Arrived
Yes, altcoins are beginning to make serious moves. One of the easiest ways to capitalize on altcoin action is through WEB3 and DePIN projects. Many opportunities within these sectors provide free earning opportunities such as SocialFi, airdrops, and DePIN mining. I have addressed several DePIN mining opportunities during 2024 such as Grass, Gradient Network, Nodepay, UpRock, DeNet, and many others.
These opportunities provide an excellent opportunity for free altcoin accumulation. The most important aspect to consider is that like any other altcoin, they will appreciate significantly in the coming months. For example, GRASS launched at approximately $0.75 over a month ago and has already traded as high as $4 on Gate.io. GRASS is currently trading at $3.
Many of these AI-based bandwidth-sharing applications are built on Solana and I have stumbled across yet another promising Solana-based project. I try to identify projects that meet certain criteria and as a result, stand a good chance of being viable options. There are many projects that I have rejected for various reasons. This is not necessarily a guarantee of success. However, it does place the odds in your favor.
Climbing The Ranks
BlockMesh is another relatively new DePIN project that has started gaining traction. The official BlockMesh X account has a following of 135K followers and has an acceptable rate regarding post frequency and project updates. Just as with Grass, Nodepay, and Gradient Network, all that is required to run a node is to download a browser extension and let it run in the background.
It’s as simple as downloading the browser extension and creating an email-linked account. Once activated, remember to link your Solana wallet. This is an imperative step regarding the upcoming airdrop. You don’t want to mine points and miss out because no wallet is associated with your account. The UI is straightforward and void of frills. This clean look will likely help those unfamiliar with DePIN dApps better navigate the application.
DePIN opportunities are excellent passive income earners. You can generate passive income by mining and staking the tokens you receive as rewards. I have kept approximately 70% of my GRASS airdrop and utilize it as an additional passive income arm. I expect to repeat this strategy with all my DePIN projects that offer staking. I am hoping the Nodepay airdrop will occur any day now.
BlockMesh has a large network of devices with 400K browser extension downloads. As mentioned, there are many other projects out there. However, they appear to be lacking in community support. This is always an important metric to consider. I installed BlockMesh today, activated my node, and connected my wallet. I can now sit back and passively mine points for the upcoming airdrop.
Final Thoughts
It’s important to remember that DePIN airdrops are unlike general airdrops, as they continue to occur. A DePIN must offer continuous and ongoing incentivization to maintain its network. If the rewards stop, nodes go offline. It’s pretty simple! This practical dynamic makes DePIN an attractive sector within the Crypto and blockchain space. You have to love DePIN! See you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
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