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.

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This coin operates on the Solana network and is integrated with Solana Pay infrastructure, drawing attention as a meme coin. Thanks to Solana-supported payment systems, the shopping process has become fast and low-cost in terms of transaction fees. 

Crypto Data Space and other major crypto media outlets described this development as “an important step for the tangible commercial use of crypto assets.” However, choosing a meme coin instead of a stablecoin for the payment infrastructure sparked debates on whether this is a marketing strategy or a political message. 

$TRUMP Coin Usage Comes with Privileges 

Offering exclusive benefits to token holders has intensified the debates. For example, users holding a certain amount of $TRUMP earned the right to attend a special dinner at the Trump National Golf Club in Washington DC. This raised ethical concerns in the US Senate. 

Senator Elizabeth Warren reacted strongly, calling this development a “corruption feast.” Meanwhile, Senator Jeff Merkley introduced a bill to prevent crypto earnings from becoming a revenue source for politicians. However, Trump’s allies blocked this bill from passing into law. 

Additionally, internal family conflicts surfaced. The “Trump Wallet” wallet project, promoted on the Magic Eden platform, was openly opposed by Trump Jr., Eric Trump, and Barron Trump. They stated that this project has no official connection to them and their names were used without permission. 

Trump’s Influence in the Crypto World is Growing 

This move by Trump could mark a significant turning point in integrating cryptocurrencies into mainstream commerce. It also serves as a notable example to watch closely regarding political figures’ direct involvement in blockchain projects. 

Meanwhile, some crypto analysts predict that the $TRUMP coin may appreciate in value in the short term. However, how the project will evolve depends on public reaction and legal developments. 

The resulting picture shows that the $TRUMP coin is positioned not only as an investment tool but also as the digital extension of the Trump brand. 

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 Donald Trump’s $TRUMP Coin as Payment in Official Stores! appeared first on Coin Engineer.

Recently, numerous memecoins have been launched on the Solana network. These coins have gained massive attention, especially from investors looking for quick profits. However, along with this rising demand, some negative effects have started to emerge on the network.

Rug Pull Risk: The Dangerous Side of Memecoins

The rapid rise of memecoins has led to the occurrence of rug pull scams, where malicious actors withdraw all liquidity and abandon the project. This causes significant losses for investors. The Solana network has frequently seen rug pull incidents due to the fast growth and sudden collapse of memecoin projects. This can damage investor trust and have a negative impact on the network’s reputation.

Trump Coin and Investor Reactions

Another major development is the launch of Trump Coin by former US President Donald Trump. The introduction of Trump to the memecoin space has caused great excitement among investors, but it has also raised concerns in some circles. The fact that Trump Coin is hosted on the Solana network has increased interest in memecoins, but it has also created security concerns. Projects like Trump Coin can be appealing to some users, but others view these projects as speculative and risky. Memecoins are highly volatile, so investors can face sudden price fluctuations.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The future of Solana in the face of the memecoin explosion is being shaped by several risks. The network’s capacity could be strained due to the huge demand for memecoins, potentially affecting its stability. Investors need to be aware of the potential rug pull scams that come with these coins. It’s expected that Solana will need to strengthen security measures and ensure that only reliable projects are chosen to launch on the network.

The World of Memecoins and What Investors Need to Pay Attention to

Interest in memecoins brings along high risks. The future of Solana, in terms of these projects, is likely to be shaped by rug pull risks and security concerns. Investors need to be cautious and only invest in trustworthy projects. Moreover, the rising interest in speculative projects like Trump Coin is prompting investors to be more careful.

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 How Have Solana Memecoins Affected the Network? appeared first on Coin Engineer.

Pump.Fun has emerged as the highest-revenue blockchain platform, generating $2 million in the past 24 hours, surpassing Ethereum’s $1.91 million for the same period.

What’s Behind Pump.Fun’s Success?

One of the key drivers of Pump.Fun’s rise is its rapid adoption as a popular token launch platform, particularly for celebrity-themed meme coins.

Over the last 24 hours, 11,528 new tokens were launched on the platform, fueled by the growing interest in meme coins linked to celebrities. Pump.Fun presents a more attractive alternative to Ethereum for token creation, particularly due to the lower costs offered by the Solana network.

Pump.Fun also ensures a fully transparent environment for token data, allowing investors to clearly see the number of existing tokens and their holders. This transparency acts as a significant safeguard against malicious activities.

Additionally, the platform’s low transaction fees cater to a broader user base, simplifying token creation and trading, which further drives its adoption.

What About Ethereum and Other Platforms?

Ethereum has long been the leader in revenue within the blockchain space. However, Pump.Fun’s ascent signals the beginning of a new trend in decentralized applications. This shift highlights Ethereum’s persistent issues, such as high gas fees, and amplifies demand for low-cost alternatives.

Experts predict Pump.Fun’s growth will continue in the short term. Its transparency-focused approach and connection to popular meme coins are likely to attract even more users. However, this growth could present risks, especially for long-term investors.

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 Pump.Fun Surpasses Ethereum! appeared first on Coin Engineer.

Two New Altcoins Are Coming!

Binance revealed that it will list the altcoins “Act I: The AI Prophecy (ACT)” and “Peanut the Squirrel (PNUT).” Following this announcement, ACT surged approximately 8-fold, while PNUT saw a roughly 2-fold increase in value. These two memecoins on the Solana network will start trading on Binance at 05:00 a.m. time on November 12, 2024.

Binance Will List These Two Altcoins with the “Seed” Tag

Binance also announced that ACT and PNUT will be listed with the “Seed” tag. The Seed tag is a marking system developed for innovative projects that carry high risk and volatility. Previously known as the Innovation Zone, this area is now referred to as the Seed Tag to help users more clearly identify high-risk projects.

Projects with the Seed Tag are typically early-stage cryptocurrencies that may have significant volatility and risk. Such projects can experience highly fluctuating trading volumes and price movements, making it crucial for investors to make informed decisions. The Seed Tag aims to inform investors about these types of risks.

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 Binance is Listing Two New Altcoins! appeared first on Coin Engineer.

Leadership Change and Allegations

One of the io.net founders, Ahmad Shadid, stepped down “effective immediately,” and Tory Green, another founder and former COO, stepped in. To enable the founders of machine learning startups to receive access to computing power at a lower cost than a regular cloud computing service, the Solana-based AI project creates a network of GPU supplies.

In his post on X on June 9, Shadid stated that while there have been accusations about his past, he is voluntarily resigning from the position of CEO in order to spare io.net from being preoccupied by such matters and to concentrate on its development. Shadid didn’t address those “allegations” directly, but critics claimed that he deceived investors about the quantity of GPU chips that io.net genuinely provides. There was also a GPU metadata attack on the network on April 28 which saw the active GPU connections reduce from 600,000 to 10,000.

Upcoming Token Launch and Market Reactions

The io.net token, IO, will launch on Binance’s Launchpool on June 11 at 12:00 (UTC). In the initial phase, 95,000,000 IO tokens will be released which will make the total maximum limit of IO tokens that can be issued to 800,000,000.

The moment Shadid stepped down, many people thought he was going to “dump IO coins and exit” at the launch of the product. Industry commentator Badenglishtea informed 15,300 followers of the X account, “It is as shady as depin gets.”

Shadid replied that none of the team members, investors, or advisors will be able to liquidate their monthly vesting tokens until June 2025 because the lock-in period of IO tokens is four years. To “help grow the ecosystem” Shadid stated that he will personally send one million IO tokens to the company’s Internet of GPUs Foundation.

Future Prospects and New Leadership

As for further participation in the io.net ecosystem, the outgoing CEO failed to explain the reason. According to Green, with the company’s new CEO having been appointed, more changes in leadership structure will be made known in the coming days.

This Might Interest You: Arbitrum’s $215M Gaming Catalyst Program Approved

Green has stated that the launch of the coin brings ‘‘a new phase of growth for the network.” He emphasized, “We are still very much focused on building the most prominent decentralized AI compute network and a lot of work will be done to retain existing suppliers and acquire new ones as well as new clients.”

According to Green, io.net has added approximately 20,000 GPUs that are available for clusters and has support for end-to-end workloads with model training and AI/ML inference for numerous businesses that focus on AI.

The post io.net CEO Resigns Amid Allegations; Token Launch Approaches appeared first on Coin Engineer.

MEV bots, although positive indicators of the ecosystem, also hinder the user experience. This could potentially lead to a decline in sentiment towards the protocol, as it negatively impacts the user experience. Combating this problem demands resolute work on the part of the network to isolate the MEV bot influence and boost the user experience, thus ultimately attracting admirers.

NFT Sector Slump Adds to Sentiment Downturn

On the other hand, Solana’s NFT trading has gone downhill, with a lack of trading volumes and low floor values observed recently. This decline highlights Solana’s need to rekindle people’s attraction to NFTs so that the ecosystem can regain all the vigor that was there in the beginning.

Token Woes: SOL Price Stabel Amidst Declining Sentiment

With respect to the SOL token, the recent data shows that there wasn’t a change in the price of SOL during the last 24 hours, along with a 20%  increase in volume. Falling social engagement is a sign that the SOL token has become less popular in recent months. Not only that, but the relative number of negative sentiments towards SOL is much greater than positive ones.

The level of negative opinions regarding SOL increases the risk that its price will start to decrease soon. It is critical for Solana to navigate these obstacles in order to rebound and avoid losing investor confidence in its ecosystem.

The post MEV Bots Surge on Solana Network as Interest in NFTs Wanes appeared first on Coin Engineer.

You might like: The Current State of Bitcoin and Cryptocurrencies! – December 10

To understand MarginFi, there are some key terms to know:

• Margin is the amount of equity a trader has in their account.
• Margin loan is a loan taken out to purchase assets and is secured by the assets purchased (collateral).
• Collateral is the asset that a trader puts up to secure their margin loan (i.e., the position purchased on margin). If the position goes against a trader too far, lenders may liquidate the trader’s position to recoup the value of their margin loans.
• Margin account is the account where margined assets are held.

What is the Difference Between Margin Credit and Borrowing?

The key to thinking about margin is that it is borrowing, specifically to finance trading. Furthermore, if you go to a lending market and borrow USDC, you need to transfer your USDC to an exchange and trade on it. Margin takes the process of borrowing and buying in a single step. Margin is also collateralized by the value of the asset being traded, which gives the margin lender some assurance that they will get their capital back.

In addition, you can stay up-to-date on developments by following Marginfi’s X account or joining their Discord accounts.

As always, none of the margin content should ever be considered financial advice, and no reference to financial assets, securities, derivatives, or other financial products should be considered an endorsement of the above.

Now It’s Time for the MarginFi Airdrop

Steps to participate in the MarginFi airdrop:

1. Set up a Phantom Wallet

If you don’t have a Phantom Wallet, you can set one up here: https://phantom.app/: https://phantom.app/.

2. Send Solana (SOL) coins to your Phantom Wallet

To do this, you can use your Binance account. If you don’t have an account on Binance. Also, you can register for the exchange with a 20% commission discount.

Once you have your Phantom Wallet, you will need to send Solana (SOL) coins to it. To do this, follow these steps:

1. Go to your Binance account.
2. Click “Wallet”.
3. Click “Deposit”.
4. Select “Solana”.
5. Click “Copy Address”.
6. Paste your Phantom Wallet address into the “Recipient Address” field.
7. Enter the amount of Solana (SOL) you want to send.
8. Click “Submit”.

Your Solana (SOL) coins will be sent to your Phantom Wallet within a few minutes.

3. Stake your Solana (SOL) coins to mint LST tokens

Once your Solana (SOL) coins have arrived in your Phantom Wallet, go to the MarginFi website by clicking here. Connect your Phantom Wallet in the top right corner of the page.

After that, on the MarginFi website, click the “Stake” button. Enter the amount of Solana (SOL) you want to stake. Click “Mint”.

Your Solana (SOL) coins will be staked and converted to LST tokens and this process will take a few minutes.

4. Lend your LST tokens

Once your LST tokens have been minted, you can lend them out. To do this, click the “Lend” button. Enter the amount of LST tokens you want to lend out. Click “Lend”.

Your LST tokens will be lent out to other users. Thus, you will earn interest on your lent LST tokens.

5. Borrow USDC using your LST tokens

To earn the most points for the airdrop, you will need to borrow USDC using your LST tokens. To do this, click the “Borrow” button. Enter the amount of USDC you want to borrow. Click “Borrow”.

You will need to make sure that the amount of USDC you borrow is less than or equal to half of the value of your lent LST tokens. This is because your LST tokens will be used as collateral for your loan. If the value of your collateral falls below the value of your loan, your loan will be liquidated and you will lose your collateral.

6. Claim your airdrop

Once you have completed all of the steps above, you can claim your airdrop and to do this, go to the MarginFi website and click the “Airdrop” button. After that, connect your Phantom Wallet. Then, enter your Phantom Wallet address. Click “Claim”.

Your airdrop will be sent to your Phantom Wallet within a few minutes.

How Will the MarginFi Airdrop Be Calculated?

After we complete the following actions, our points will be calculated using a point calculation system: Lend, Borrow, Stake. You can also access these points from the “POINTS” section in the top left corner.

Thus, you can access the operation of the point system [here].

Next to your total points, you will see your ranking. Additionally, I think this ranking will only affect the amount of your airdrop. However, I don’t think there will be any eliminations based on this ranking.

Here is a summary of how the point calculation system works:

• Staking: You will earn 1 point for every SOL you stake.
• Lending: You will earn 2 points for every LST you lend.
• Borrowing: You will earn 5 points for every USDC you borrow.

The maximum number of points you can earn is 100,000.

Also, the airdrop will be distributed to eligible users on a rolling basis. The airdrop will end on January 31, 2024.

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