PoPW token distribution mechanism may ignite the next bull market

概要

• 物理工作证明 (Proof of Physical Work,即PoPW)It is a novel token distribution mechanism,Reward participants for verifiable physical work done in the real world.

• Many protocols are leveraging physical proof-of-work frameworks to incentivize supply-side participation in building hardware networks.including wireless、移动、环境、计算和存储网络.

• Cryptoeconomic protocols are very powerful in incentivizing and coordinating human activity,Makes it useful for developing real-world decentralized infrastructure and hardware networks.

• Using the Physical Proof of Work Framework,Protocols can incentivize participants to build their networks,so that users find it attractive.

在市场下跌的过程中,Crypto Critics Get Active,They slammed the industry for any real use cases.Beyond innovations in capital formation and use cases for non-sovereign currencies、Beyond removing middlemen and breaking monopolies,Their argument seems to be reasonable.但实际上,Cryptographic protocols have been very successful in coordinating activities in the digital realm,So much so that projects have started to use encryption for real-world infrastructure.

Cryptoeconomic protocols can incentivize the development of real-world infrastructure and hardware networks through the coordination capabilities of blockchain technology.Millions of individuals can join forces,以无需信任、Deploy and operate infrastructure in a permissionless and programmatic manner,rather than just relying on a single centralized entity.

Multicoin CapitalCall this mechanism a physical proof of work (PoPW).PoPW Reward users perform verifiable physical work,例如部署 5G 热点.The protocol algorithm verifies the state of the device and rewards the owner according to a predetermined set of rules.许多 PoPW The agreement is already coordinating hundreds of thousands of participants around the world,wireless network coverage、移动性、环境、areas such as computing and storage.

物理工作证明

There are two main types of infrastructure networks：可替代的和不可替代的.Location-independent hardware devices used in alternative infrastructure networks,Compute and storage protocols fall into this category,Because their service is not dependent on the server/where the node is hosted.香港 1 TB Storage space and Singapore 1 TB Storage space are exactly the same.The location of the Wi-Fi hotspot is important,This makes it defined as an irreplaceable class of infrastructure networks.

Many communities are PoPW 领域建设,其中许多仍处于早期阶段.Most of these protocols are based on existing L1 来构建应用程序.到目前为止,PoPW The application of the circuit can be divided into the following categories：

• 无线网络

• 物流网络

• 自然环境

• 计算和存储

无线网络

Helium和Pollen Mobileis decentralizing wireless (DeWi) Two well-known protocols running in the space.Helium The Internet of Things and 5G 网络组成,Pollen Mobile 专注于 5G.These protocols incentivize supply-side participants（hotspot operator）Provides network coverage in exchange for token rewards.此外,Participants also earn fees for routing data through their hotspot service.

物流网络

Logistics network is refers to the transportation of people and goods industry,Two of the emerging network is Hivemapper 和 DIMO.Hivemapper is a decentralized map constructed by participants using dash cams.The protocol rewards supply-side participants（map miner）Drive or use a dash cam to get around and contribute to web maps.

DIMO Allow users to take ownership of their mobile data,in auto finance、保险、Maintenance and other areas to provide services.供应方参与者（数据挖掘者）By moving the hardware devices connected to their cars and give the contribution to the data to network and rewarded.

自然环境

WeatherXM is a decentralized weather network,Powered by a network of distributed hardware devices.It allows supply side actors（Weather station operator）Earn rewards for deploying small weather stations and providing accurate weather services.
PlanetWatchis a decentralized global air quality sensor network.The protocol rewards supply-side participants（sensor operator）The transmission of real-time air quality data flow back to the network.

计算和存储

Computing and storage categories including PoPW Domain's most mature protocol in terms of network usage and revenue.Filecoin 和 Arweave Is different models of the storage network.Filecoin Use a contract-based storage model,而 Arweave Using a permanent storage model.Both agreements encourage suppliers participants（存储提供者）Dedicated physical storage drives to store data in exchange for token rewards.
Render Network 是一个分布式 GPU 渲染平台.Its token economics are designed to reward supply-side participants（节点运营商）将 GPU The hardware is dedicated to the network and does the rendering work.

为什么要使用区块链？

Due to the large physical network requires a lot of capital injection and the safeguard of the complex system,Usually requires a large company to build.This often results in a small number of companies controlling the pricing structure and conditions of users,thus unable to form a free market.

Cryptoeconomic protocols completely solve this problem,Allow the global distribution of personal common guide in the form of without permission and without trust network.By co-building and maintaining the network and distributing the full benefits to supply-side participants,This is a more cost-effective solution.

Decentralized storage platform Filecoin 为例,It shows the benefits of using scheme of decentralized block chain.Compared with the centralized approach for infrastructure（例如 Amazon S3）,Filecoin Storage providers on the network are rewarded with tokens for providing storage capacity to the network,The network grew to over two years 17 EiB.此外,Filecoin No exorbitant flat rates,But allowing participants to set store prices.

在 Evan Conrad 的一篇文章中,He emphasized that if Filecoin is a centralized entity,it will tend to take a cut of the network's revenue.As the web becomes more and more popular, Filecoin network effects are also growing.就 Filecoin In the current situation,All value goes to the protocol,使其成为“cheapest market,No middleman can get a piece of the pie”.

The benefits of using encryption for infrastructure

正如Multicoin Capital 的执行合伙人 Tushar Jain所描述的,There are two benefits to using cryptoeconomic protocols for infrastructure networks：Ability to rapidly expand the network globally,as well as being a system jointly owned by the participants,rather than being owned by a small group of shareholders.

Cryptoeconomic protocol allows users around the world to build permissionless networks in parallel.Participants can also focus on deploying infrastructure that meets local market needs.In exchange for establishing a network provider,Participants receive network ownership of shares,This will motivate them to drive the network to growth.

While the above protocol allows individuals to contribute to the network and earn passive income,But they also open doors for franchise-like businesses.Lattice Capital 的联合创始人 Mike ZajkoDescribes the entrepreneurial opportunities：

Participate in the network looks very much like to open a franchise,An important part of the franchise is more economic（超过 10%）.you need some start-up capital、real estate、some operational knowledge,Then the community and will help to deal with the rest of the things.

Hexagon Wireless 是在 DeWi One such franchise operations in the field of enterprise.The company currently leverages their technical expertise and proprietary relationships for Helium 和 Pollen Mobile network deployment of hardware,加速 DeWi 的发展.

经济模型

When building real-world infrastructure and solving coordination problems,Token incentives play a very important role.Helium Proving this theory over the past year.It by offering rewards to hot deployer,将 IoT 网络从 30,000 In an extended to distribution 170 个国家/地区的超过900,000 A physical hot spot.

Want to start the economic model,First, the project side needs to provide users with rewards,For completing verifiable physical activities in the real world：

Supply-side participants are incentivized by inflation tokens,The goal is to develop the specific activities required for the network.These rewards as subsidies for participants from the supplier.Before the network starts generating sustainable fees from demand-side usage,Incentives often support participants in building a network.

随着网络的发展,Developers and product builders are attracted to the web.此外,The agreement on its supplier participants subsidies to enable them to provide cheaper services,to help attract more users.

End users start paying for network services,Can increase revenue for supply-side participants and agreements.This creates a positive feedback loop,The cycle can attract more supply-side players and investors.

Value usually by（销毁-铸造）supply balance (BME) Model or Work Token Model to get.As network utility increases,supply or pass BME Model is destroyed,Either staked by the service provider via the work token model,Decrease in circulation drives up token prices.Rising token prices have re-attracted more supply-side players,形成了一个良性循环.

PoPW The economic model fundamentally solves the chicken-and-egg dilemma.Use Token Rewards,The protocol can incentivize participants to build the supply side of the network to a level that is attractive to users.This is the encryption protocol with Web2 The initial impetus for the company to compete.

最后的想法

Physical proof-of-work represents a novel token distribution mechanism.Tushar Jain认为,New tokens allocation mechanism may trigger the next round of the bull market.

 据数据统计,Tokens distribution mechanism points including the change of time：2013 年的 PoW 代币、2017 年的 ICO、2019 年的 IEO、2020 年的 DeFi 流动性挖矿以及 2021 年的 NFT.Every new token distribution mechanism coincides with a bull market.if the argument is correct,Then the next successful token distribution mechanism could lead to a bull run.考虑到 Proof of Physical Work Success in various fields and its ability to deliver value by building a global infrastructure,PoPW Is likely to ignite the next bull market.