And here is some more info:
When buying-in to a project, I like to (primarily) assess the quality of a team and the uniqueness of an idea. I believe LooPIN ticks both boxes, with a team of MIT academics and 80,000+ combined citations in high impact journals, while the idea offers something unique not seen in the web3 space before. The idea is akin to RNDR/AKT, with a twist - more focused on liquidity with PinFi - Physical Infrastructure Finance.
Secondary to team and idea, token-economics is of course important. "LooPIN" back to RNDR/AKT, with a market-cap at ATHs in excess of 4 billion and 1 billion respectively, I see LooPIN as an opportunity that present excellent R/R. You can take away 30% from the current circulating market-cap, as team have locked 10% and foundation own 20% that'll be for significant CEXs. With 20.5m in circulation, and a price point of 0.78, we have a circulating TRADEABLE market-cap of $11.1 million. The revamped PoCPS rollout also encompasses "Proof-of-Time", ensuring full rewards for resource providers is only available after 30 days, and "Proof-of-Loyalty", slashing rewards by up to 15% if they sell more than 10%. Halvening in April - further slashing emissions. Relevant to the "nearest" competitors, this entry represents MASSIVE potential in regards to R/R. Still very early, so price-tracking platforms and further CEXs to come.
So what is LooPIN?
LooPIN focuses on PinFi, distinguishing itself from other projects. PinFi merges DeFi principles with DePIN, making GPUs a physical tradeable commodity. Essentially, tokenizing GPUs. This benefits resource providers, and incentivises people to join the network to provide compute power. Projects such as RNDR/AKT/IO use a job-board like mechanism, whereby LooPIN ensures resource providers get paid regardless, naturally it could be assumed that the network will grow relatively quick as such: resulting in higher aggregate compute output for AI developers to take advantage of.
LooPIN uses the Proof-of-Computing-Power-Staking (PoCPS) mechanism, ensuring that GPU providers are verifiably proven to have the computer power that they say they do, by means of staking tokens as proof - further deflating supply. Within PoCPS, LooPIN introduces "dynamic liquidity pools". Most networks treat computing resources as if they're always available and don't lose value over time, meaning you pay the same rate for access even if the actual compute power output may fluctuate in quality - they don't account for resource depletion, charging flat rates/ increasing costs with demand, regardless of the real condition of the computing power. LooPIN dissipative pools adjust for the fact that computing power "wears down" with use - you're charged on the actual, active quality of resources - making this cheaper for AI developers to build on and ensuring fairness over time. It guarantees reliable computing power at a price that corresponds specifically to said power.
Outlook
I see LooPIN Network growing at a fast rate thanks to its novel PoCPS verification system and dissipative liquidity pools that correlate directly to compute power, unlike competitors who are at outrageous price valuations relative to LooPIN. LooPIN avoids over-charging AI developers, ensures validity of compute power, and has a tailored approach that (IMO) will ensure it does extremely well over the coming months as AI demand surges. Particularly with the teams background in academic circles and subsequent connections.
When buying-in to a project, I like to (primarily) assess the quality of a team and the uniqueness of an idea. I believe LooPIN ticks both boxes, with a team of MIT academics and 80,000+ combined citations in high impact journals, while the idea offers something unique not seen in the web3 space before. The idea is akin to RNDR/AKT, with a twist - more focused on liquidity with PinFi - Physical Infrastructure Finance.
Secondary to team and idea, token-economics is of course important. "LooPIN" back to RNDR/AKT, with a market-cap at ATHs in excess of 4 billion and 1 billion respectively, I see LooPIN as an opportunity that present excellent R/R. You can take away 30% from the current circulating market-cap, as team have locked 10% and foundation own 20% that'll be for significant CEXs. With 20.5m in circulation, and a price point of 0.78, we have a circulating TRADEABLE market-cap of $11.1 million. The revamped PoCPS rollout also encompasses "Proof-of-Time", ensuring full rewards for resource providers is only available after 30 days, and "Proof-of-Loyalty", slashing rewards by up to 15% if they sell more than 10%. Halvening in April - further slashing emissions. Relevant to the "nearest" competitors, this entry represents MASSIVE potential in regards to R/R. Still very early, so price-tracking platforms and further CEXs to come.
So what is LooPIN?
LooPIN focuses on PinFi, distinguishing itself from other projects. PinFi merges DeFi principles with DePIN, making GPUs a physical tradeable commodity. Essentially, tokenizing GPUs. This benefits resource providers, and incentivises people to join the network to provide compute power. Projects such as RNDR/AKT/IO use a job-board like mechanism, whereby LooPIN ensures resource providers get paid regardless, naturally it could be assumed that the network will grow relatively quick as such: resulting in higher aggregate compute output for AI developers to take advantage of.
LooPIN uses the Proof-of-Computing-Power-Staking (PoCPS) mechanism, ensuring that GPU providers are verifiably proven to have the computer power that they say they do, by means of staking tokens as proof - further deflating supply. Within PoCPS, LooPIN introduces "dynamic liquidity pools". Most networks treat computing resources as if they're always available and don't lose value over time, meaning you pay the same rate for access even if the actual compute power output may fluctuate in quality - they don't account for resource depletion, charging flat rates/ increasing costs with demand, regardless of the real condition of the computing power. LooPIN dissipative pools adjust for the fact that computing power "wears down" with use - you're charged on the actual, active quality of resources - making this cheaper for AI developers to build on and ensuring fairness over time. It guarantees reliable computing power at a price that corresponds specifically to said power.
Outlook
I see LooPIN Network growing at a fast rate thanks to its novel PoCPS verification system and dissipative liquidity pools that correlate directly to compute power, unlike competitors who are at outrageous price valuations relative to LooPIN. LooPIN avoids over-charging AI developers, ensures validity of compute power, and has a tailored approach that (IMO) will ensure it does extremely well over the coming months as AI demand surges. Particularly with the teams background in academic circles and subsequent connections.
