aidanriain

I used to get DePin ideas from YouTubers. DYOR included researching a projects white paper and mission, how they were making or going to generate revenue, and how much the projects hardware cost vs building it myself.

Now I mostly learn of new projects from HD/Moken and collaboration between projects.

Green flags for me:

• Current revenue stream (excluding VC backing)

• Active, constructive discourse between DevOps and the community

• Re-purposable hardware

Red flags for me:

• No white paper or clear tokenomics, no deflationary or burn mechanism

• Mission is a solution looking for a problem

Fry Networks was my OG project. Pioneering and ambitious business plan and great ROI when I got in. But turned out to be a bit too ambitious and development is slowed.

GEODNET was next and is my first solid DePin. Focused mission, active revenue generation, and a token-burn model that Was solid for deployers.