Team 

• Founder & CEO: David Rhodus leads the project. 
• Core Contributors: Permissionless Labs and engineers experienced in FreeBSD, distributed systems, and video infrastructure. 
• Expertise: Former engineers from AWS, Valve, Palantir, with DeFi research experience. 

Investors 

2024 Series A Funding: $10M led by Multicoin Capital. 

Partnerships: Permissionless Labs contributes to technical and Solana integration aspects. 

Project Concept

The project aims to deliver content as close to users as possible via local (hyperlocal) nodes without relying on central providers. It combines CDN, origin storage, and routing on an open layer for low-latency, cost-efficient delivery. 

• PoP Operators: Provide bandwidth, storage, and compute in exchange for PIPE. 
• Mission: Empower creators and communities with decentralized, high-performance CDN. 
• Vision: Ultra-low latency, reliable, transparent digital content access. 
• Core Values: Decentralization, empowerment, transparency, and performance. 

How It Works

Network runs on Solana smart contracts and includes three main products: 

• Pipe CDN: Hyperlocal content delivery for video, gaming, and dApps. 
• Firestarter Storage: Decentralized storage integrated with delivery. 
• P1 Overlay Network: Software-defined routing connecting the fastest paths across multiple networks. 

Governance 

• Staking: Operators stake PIPE for network participation and Sybil resistance. 
• Delegated Staking: Token holders delegate PIPE to nodes, earning rewards (delegated share: 7%). 
• On-chain Governance: Staked PIPE holders vote on protocol upgrades, emission parameters, and economic policies. 
• Security: Third-party audits and bug bounty programs ensure code safety. 

Roadmap 

• Testnet rollout and PoP expansion. 
• Mainnet launch based on testnet results. 
• Hyperlocal PoP increase in underserved regions. 
• Product expansion including edge computing and AI inference. 

Token Information 

• Token Name: PIPE 
• Total & Max Supply: 1,000,000,000 PIPE 
• Circulating Supply: 100,000,000 PIPE 

PIPE Utility 

• Staking & Delegated Staking: Operator selection and reward sharing. 
• Payments: PIPE burns create Data Credits (DC) for CDN/storage payments. 
• Priority Services: DC allows priority bandwidth or cache guarantees. 
• Governance: Vote on protocol parameters. 

Ecosystem & Features 

• Products: Pipe CDN, Firestarter Storage, P1 Overlay Network. 
• Use Cases: Video, gaming, dApps, Solana node sync, AI, and edge workloads. 
• Operator Diversity: ISPs, businesses, independent operators; permissionless access. 
• Advantages: Improved user experience, network resilience, balanced infrastructure growth. 
• Low Latency: Delivery target as low as 3 ms. 
• Scalable Growth: Network grows with users, maintaining performance. 
• Robust Security: DDoS protection, IP/Geo filtering, DMCA compliance. 
• Cost Efficiency: Burn-to-mint model ensures low-cost content delivery. 

Pipe Network leverages Solana’s speed and low-cost benefits to deliver decentralized, ultra-low latency CDN, storage, and AI services. A strong technical team and investors like Multicoin Capital support its growth potential. 

Official Links 

• Website
• Twitter
• Linkedin

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Pipe Network (PIPE)? appeared first on Coin Engineer.

Nodecoin Trading Process Begins

OKX has opened deposits for Nodecoin on January 13, 2025. The NC/USDT trading pair will officially go live in the spot market on January 17, 2025. During this process, a call auction mechanism will be used, allowing users to perform their initial trades starting in the morning.

Trading Schedule:

• NC deposits: January 13, 2025, at 12:00 PM (UTC)
• Call Auction: January 17, 2025, from 9:00 AM to 10:00 AM (UTC)
• Spot trading start: January 17, 2025, at 10:00 AM (UTC)
• Withdrawals: January 17, 2025, at 2:00 PM (UTC)

The announcement of this timeline marks an essential step for investors to prepare for the trading process.

To control price volatility during the trading launch, OKX will implement a series of restrictions. In the first 5 minutes of trading, market orders will not be allowed, and each limit order will be capped at a maximum value of $10,000 USD. These measures aim to mitigate price fluctuations at the start of trading.

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Additionally, if the trading pair includes a spot index, price limits will also be activated. These limits are designed to stabilize trading volume and ensure fair pricing.

About Nodepay and Nodecoin

Nodepay is an innovative platform that enables users to monetize their unused internet bandwidth for artificial intelligence training processes. This system enhances real-time data retrieval for AI, improving AI inference capabilities.

The platform’s native token, Nodecoin (NC), plays a central role in this infrastructure. With a total supply of 1 billion, Nodecoin offers substantial potential for both investors and platform users.

• Asset Name: Nodecoin
• Ticker: NC
• Smart Contract Address: B89Hd5Juz7JP2dxCZXFJWk4tMTcbw7feDhuWGb3kq5qE

What is the Call Auction Mechanism?

OKX will conduct a call auction process for Nodecoin before the spot trading launch. This mechanism allows users to submit buy and sell orders at their desired prices before the trading pair officially opens. At the end of the auction, an opening price is determined, which will be displayed for informational purposes on the price charts.

During the call auction, submitted orders are evaluated according to OKX’s trading rules, ensuring a fair and balanced starting price while minimizing price volatility.

Warnings for Investors

Cryptocurrency investments carry high volatility and risks, requiring careful consideration. OKX states that the information provided about Nodecoin’s listing is for informational purposes only, and investors should conduct their own research before making any decisions.

Digital assets are speculative and may lead to the loss of an investor’s entire capital. It is essential to assess your risk tolerance and make informed decisions when trading.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post OKX Lists Nodecoin (NC)! appeared first on Coin Engineer.