prerichhomiecon
@RichhomieconE
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BuilDing DePIN @iotex_io . Co-host of the @coverageproved podcast. Previously @bcg .
Miami, FL
Joined March 2021
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Pinned Tweet
1/ DePIN: Where We've Been and What We Still Need to Figure Out
...was the title of my talk last week at Mainnet. It's also a perfect recap of what DePIN is and an exploration of where we're headed next.
To anyone asking "What's DePIN?", this is for you
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Seems like big news, $HNT pumping, but what does it actually mean? How does this all work?
Let's level-set real quick with how the telecom industry works today. There are MVNOs (mobile virtual network operators) and MNOs (mobile network operators).
The V for virtual in MVNO
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1/ Deep dive on
@wifimapapp
(presented in PPT format)
Updated with a few minor changes after interviewing Denis Sklyarov (CEO) earlier today for
@coverageproved
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I’m giving away this OG
@helium
hotspot (~$1200) to a random winner on 1/1/22, rules below!👇🏽
To enter:
✅ Follow me on Twitter
✅ Retweet & like this tweet
✅ Tag three friends
Appreciate you all 🎈
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Helium going international? Data transfer and $HNT burn going ballistic? ¿What does it all mean?
Remember when
@helium_mobile
launched a $20, nationwide
@TMobile
-backed plan about two months ago and took the crypto world by storm?
Well they now have 42k+ paying subscribers in
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My
#DePIN
bags are packed, I’ll see you in Valhalla
$HNT (decentralized wireless)
$MOBILE (decentralized cellular)
$HONEY (decentralized Google Maps)
$IOTX (Chainlink of DePIN)
$DIMO (own/monetize your car data)
$WIFI (decentralized wireless)
Not financial advice, DYOR
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I’ll be giving away a
@helium
hotspot (~$1200) at 1k followers 👀🎈
Thankful for you all, 59 followers to go
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Been seeing a lot of 🎈in Twitter handles?
That’s the emoji for the
@helium
community
RT and add a 🎈to your handle if you support The People’s Network & $HNT!
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Oh, you thought the
@helium
flywheel was crazy last cycle?
What if I told you that, today, you could earn $270+ a month in $MOBILE?
And that the barrier to entry was to download an app, share location, and pay $5 a month?
Not to mention the $5 you’re paying provides a
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$HNT is going to surpass ATHs this cycle, in spite of all the hate and FUD and doubt, because the team is building a valuable, real-world business that beats its Web2 competitors on Web2 things like price and coverage quality while providing Web3 benefits like token earnings
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Finally became a
@helium_mobile
subscriber yesterday
I’m using it as my sole carrier on my main phone. And it works flawlessly
The $1000+ a year I’m saving by switching from
@ATT
paid for a brand new iPhone 15
Bullish
@helium
$HNT and $MOBILE
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If you thought you were bullish on
@helium
& $HNT now, save this tweet and come back in six months… 🎈
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This is beautiful.
Global map of
@helium
(IoT) network usage, refreshed every 30 minutes
Thankful to the team
@HeliumGeek
for putting this together
$HNT
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1/ Why is the
@helium
network so much cheaper than alternatives?
It's mainly due to its decentralized, inverted business model that allows massive cost savings to be passed on to the user
IoT coverage is 80-100% cheaper
5G coverage will be ~75% cheaper
Here's how
👇
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$HNT now up 55% on the week, YLTSI
Showing real strength against $BTC, $ETH, rest of market
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$MOBILE has the
#DePIN
narrative behind it and the low price / unit bias of a memecoin in front of it
Add in the fact that it’s currently distributed to ~10k people a day (soon 100k+)
You think you’ve seen viral memecoins, you ain’t seen nothing yet
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Excited to announce I’ve joined the
@iotex_io
team in a BD role!
I’m looking forward to helping
#DePIN
founders go to market by leveraging solutions like
@w3bstream_com
Thanks to
@larrypang
@Raullen
@cbetass
for welcoming me with open arms
Let’s build!
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Web3 infrastructure index.
@helium
fees (data transfer only) last 30 days up 91%
Next closest project pictured up 2%…
When prices are down, look for fundamental strength and usage $HNT
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My best
@DecentralGames
ICE poker delegate is buying himself a new computer from his $ICE winnings
He earns ~$50 a day, I earn ~$20 a day from delegating my NFT to him
This is the power of Web3 and P2E gaming, thanks for making this possible
@0xMiles
& team
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Helium Inc. is now officially a unicorn with a $1.2B valuation
Congrats to the entire
@helium
team…one step closer to the future of wireless connectivity
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1/ The biggest DePIN news of the week last week was undoubtedly
@XNET_Mobile
👀
Background
XNET is a DePIN building wireless networks. They're similar to
@helium
,
@WorldMobileTeam
, etc. because they pay out token incentives to anyone willing to deploy wireless hardware that
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DePIN is going up only whether you like it or not. The mainstream hasn’t even heard of most of the narratives for this cycle. Tell me when your Uber driver talks about earning $HONEY from his dashcam, $DIMO from his car, mining $MOBILE from his phone, or simply aping $WIFI
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While the recent price action of $HNT has been painful
Don’t forget that you own a piece of 800,000+ physical devices around the globe that provide Internet connectivity for the IoT at rates 75%+ cheaper than current alternatives
Not monkey land or ponzi DeFi yield farms…
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.
@helium
provided the 0 to 1 moment for token incentivized physical networks
The number of innovative projects popping up now in unrelated industries (energy, car data, mapping) that build off of Helium’s model is insane
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1. Well…today was the day. EIGHT sales above 9 $ETH for the Genesis
@themetakey
Floor >doubled in a few hours as buyers
#aped
and no one wanted to sell
Oh and did I mention mint cost was 0.2 $ETH?
We need a
#thread
👇🏽
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$HNT up a casual 31% on the week
Would love to see a breakout back up to $50 and consolidation there
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Beneath all the scams, ponzis, and 1000x returns, crypto explores some extremely fundamental human truths, especially around incentive systems & human behavior
The
@bittensor_
"About" section by
@const_reborn
is absolutely beautiful writing and a reminder of why we do what we do
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$HNT just went from 120 to 85 market cap ranking in a week
Violent moves like this remind me of the good old days
Maybe we’re back
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.
@helium
is massively slept on and will be a top 20 crypto project this year, top 10 in 2023
“I can find a lot to like about Helium. Unlike many crypto projects, it’s a real product used by real people and companies every day.”
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Who's in town for BTC Miami?
@larrypang
and I are hosting a DePIN breakfast Thursday morning on behalf of
@iotex_io
.
There are limited spots, so please RSVP on the link below ASAP and we'll finalize the guest list later this week:
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Markets in free fall. $UST depeg. $LUNA obliterated. $HNT down 80%+ from ATH’s.
Meanwhile, the
@helium
community has a 200+ person Space discussing how to integrate various DeWi protocols and decentralize the Internet / connectivity to it.
Unfazed.
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Brb, upgrading my iPhone just to become a Helium Mobile subscriber
My current (very similar) plan from AT&T costs $85 a month. That’s $960 saved in a year
Thank you to
@amirhaleem
@fmong
and
@helium_mobile
for making this possible and for starting in Miami of all places 😉
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1/ Recent articles by
@forbes
@fortune
on
@helium
&
@novalabs_
are incredibly misinformed and doing their readers a massive disservice
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1/ THREAD🧵: $HNT long-term equilibrium price
Two sections:
✍️ Background & HIP-20
↔️ Equilibrium point & price
TL;DR - $HNT must be $20 for every $1M of Data Credit burn per month or else the system will deflate the currency circulation until equilibrium is restored👇🏽
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If you thought inflation was bad now, what happens when money velocity goes back to pre-Covid levels?
Questions for Plato 🤔
cc:
@BowTiedBull
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1/ Thread 🧵: Recent positive catalysts for Helium 🎈
📈Network growth (Metcalfe’s law)
☁️Validators & staking
🙋🏻♂️Light hotspots onboarded
📶5G protocol launch
🤑
@a16z
-led $111M round
🔒28% supply locked w/ validators
I’ll be breaking them all down in a thread below 👇🏽
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3G was a primary connectivity layer for IoT devices…
Most major US telcos are shutting down their 3G networks this year or next…
I wonder where all those IoT devices looking for low-cost connectivity will go? 🤔
@helium
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Good day for
@coinbase
to list $MOBILE (noon ET)
What’s $MOBILE you ask?
Not much, just the token powering the future of wireless connectivity around the world
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I post about
@bittensor_
@opentensor
and my immediate impression is that the $TAO community is more alive and well than most other communities in crypto
@DAnconia_Crypto
said they’re the NBA Youngboy fans of crypto and he was right
If you’re not repping your project, who will?
Beneath all the scams, ponzis, and 1000x returns, crypto explores some extremely fundamental human truths, especially around incentive systems & human behavior
The
@bittensor_
"About" section by
@const_reborn
is absolutely beautiful writing and a reminder of why we do what we do
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My experience mining and stacking
#miamicoin
- A THREAD.
@mineCityCoins
enabled mining for $MIA, their first
#CityCoin
, on 8/3. Mining occurs on
@Stacks
, which is essentially an L2 built on top of
#Bitcoin
that provides smart contract programmability.
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$HNT hitting ATH’s everyday. Woke up this morning to this. Now
#44
cryptocurrency by market cap. LFG 🎈
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Gave my little brother a
@helium
hotspot for Christmas
Now he’s got a head start for when $HNT is the global currency of data transfer 🎈
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All across America, both digitally and IRL, the same conversation is happening around
@helium_mobile
“How do you only pay $20 a month for unlimited data, talk, and text?”
“And it’s backed by T-Mobile, so you have good coverage, everywhere?”
“Wait, people are earning $200+ of
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I’d normally never tweet charts this much (not a TA guy at all) but $HNT has just been fucking. ripping.
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1/ DeWi's First Rug Pull?
.
@PollenMobile
pivoted significantly from its decentralized, crypto-native roots on Monday
#DeWi
may be experiencing its first rug pull, vampire attack, and miner strike all at once
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Holding a
@themetakey
instantly makes me a VIP at the first Metaverse Festival ever in
@decentraland
.
@awonderland
@3LAU
@deadmau5
@ParisHilton
@akirathedon
and others are performing!
@DCLBlogger
and team just don’t miss.
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This is a big deal.
@helium
went from an IoT network, to a Network of (wireless) networks, to a Network of (DePIN) networks.
This expands the TAM for $HNT greatly and could result in some very interesting collaborations. Keep an eye out 👀
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An explorer for the entire
#DePIN
space
- Project profiles with estimated daily device earnings and "days to breakeven"
- Map explorer (filterable by project) with statistics like # of devices, their locations, token market cap, etc.
- Live token price updates via
@coingecko
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The
@themetakey
Edition 4 (sound on) is unbelievable 🥵🔥
We crashed
@rarible
during launch so I had to buy on OS and I’m not even mad.
@DCLBlogger
and team are working hard to improve the next drop.
@Jmarino_Vfx
your work is incredible, thank you!
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DePIN, when retail realizes they can earn $ by monetizing things they already do (drive, tap buttons on phone, add chrome extension), it is over
The physically interactive, gamified nature of these earnings and communities will make DePIN retail far stickier than memecoin retail
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The episode you’ve all been waiting for…
@opentensor
@bittensor_
founder
@const_reborn
is a visionary and I can’t wait to see what he accomplishes
$TAO community, go crazy
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Excited to announce
@jplat12
and I conducted a quick and dirty
@helium
install as an MVP for
@DataGovs
, the chief IoT vendor for the city of Miami, run by
@iGregoryJohnson
The Helium network should be MUCH cheaper than the cell coverage they’re currently using
Stay tuned 👀🎈
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“Bloomberg News has asked both
@coinbase
and
@adidas
to comment on what this “Probably Nothing” phrase means”
@BowTiedBull
can’t wait for Q1 2022 🤫🤡😂
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Uber driver just called our industry “imaginary money”
Still early
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Not a chart guy at all…but I don’t know if I’ve ever seen something better-looking than this
$HNT
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1. This sounded like the dumbest thing in the world at first…I don’t even follow
@garyvee
. Why would I want 12 copies of his book…even if he airdrops me an NFT?
But…I just spent $327 on Amazon buying 12! of his new hardcover books for $25 each. Here’s why ⬇️ (thread)
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Overheard at
#Breakpoint2023
“Of course I know what DePIN is, it’s got to be a top 2 crypto narrative right now, behind maybe only crypto x AI”
We’re doing something right
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Finally able to reveal what I’ve been working on in the
#DeWi
space soon 👀
Hint: it involves
@helium
,
@PollenMobile
, and some of the brightest minds in DeWi
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Likely a generational bottom for $HNT, or close to it.
Ask yourself: has the thesis changed?
I don’t believe it has and therefore will continue to HODL. Don’t let abysmal macro and paper hands shake you out
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1/ Posting on Twitter is the highest leverage thing I’ve ever done
I could be the exact same person but not posted and wouldn’t have:
- 2 great job offers
- Convos w/ top crypto VC firm
- Spoke at crypto/Art Basel day
- Miami
@helium
pilot aff. w/ city
- Convos w/ NFL agent👇🏼
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