New DEPIN Token Launches on Solana for AI Compute
Tianrong Internet Products and Services Inc. has launched the $DEPIN token on the Solana blockchain. The token is designed to power a decentralized marketplace for sharing GPU computing resources and performing AI inference tasks.
- The launch was conducted on Raydium Launchpad, a leading decentralized exchange on Solana, using a community-focused fair launch model. 60% of the total token supply was allocated to a public bonding curve to ensure broad early distribution. - The project, branded as DEPINfer, aims to aggregate underutilized GPUs from sources like gaming PCs and data centers to create a global sharing economy for computing resources. This model is projected to reduce AI inference and training costs by 50-80% compared to traditional centralized cloud providers. - The $DEPIN token will function as the core utility token for the DEPINfer marketplace, used for payments, provider rewards, staking for enhanced yields, and governance votes on platform upgrades. - A 5-10% transaction fee is built into the marketplace, with revenue intended for token buybacks, burns, and ecosystem development. - Parent company Tianrong Internet Products and Services Inc. (OTC: TIPS) is a publicly traded company that has been shifting its focus to the high-growth sectors of AI and blockchain. This launch marks a significant strategic expansion for the company into decentralized physical infrastructure networks (DePIN). - The project positions itself within a rapidly growing market, with AI inference projected to reach $106 billion and decentralized compute projected to reach $10-15 billion by 2030. - By launching on Solana, DEPINfer joins other high-throughput DePIN projects like Render Network and io.net, leveraging the blockchain's speed and low costs. - The remaining 40% of the token supply is reserved for migrated liquidity after the initial bonding curve phase, vested team and ecosystem allocations, and long-term incentives like provider rewards and airdrops.
