Celebrating its fourth Launchpad success with EchoLink, LBank achieves a milestone in the realms of Decentralized Physical Infrastructure Networks (DePIN) and the Internet of Things (IoT).
EchoLink introduces a groundbreaking Proof of Device Work (PoDW) mechanism, revolutionizing data interaction and garnering immense interest. The event saw a remarkable 130,425,381 USDT raised from 74,164 participants, highlighting the growing enthusiasm in this dynamic sector.
The native token of EchoLink.Network, $Echo, is poised to debut on LBank and commence trading on January 26th at 06:00 (UTC), marking a crucial moment for this evolving ecosystem.
EchoLink, a DePIN-oriented IoT oracle on the Solana blockchain, serves as a transformative gateway for numerous IoT devices. Beyond being a mere bridge, it amplifies device capabilities through the innovative PoDW mechanism, reshaping data interaction fundamentally.
Key to EchoLink is its dedication to data privacy and security, utilizing Zero-Knowledge/FHE technologies to cloak data and ensure integrity when reaching oracle nodes. EchoLink’s unique proof mechanism assesses rewards for each device unit seamlessly, aligning effort with value.
EchoLink provides a comprehensive toolkit, merging software SDK and hardware design, laying the groundwork for diverse DePIN projects. It signifies more than just infrastructure; it’s the foundation for future IoT blockchain integration, fostering a secure data flow and genuine contribution-based reward systems.
The participation rules for $ECHO mirrored the successful model of previous events, rewarding active users based on their daily average holdings and trade activity on LBank.
Official listing details for $ECHO:
- Token Distribution Time: January 25th, 13:00 (UTC)
- Trading Time: January 26th, 06:00 (UTC)
- Withdrawal Time: January 28th, 06:00 (UTC)
EchoLink ($ECHO), a pioneering project in DePIN and IoT on the Solana blockchain, stands as a bridge between the physical and digital worlds, fostering a transparent and community-driven ecosystem with its decentralized approach.