U2U Network, a leading DePIN Layer-1 platform, has announced the closure of all funding rounds in preparation for its upcoming listing scheduled for Q4 2024.
The urgent demand
The global blockchain market has experienced remarkable growth, valued at $20.22 billion in 2023 and projected to reach $561.38 billion by 2030 with a CAGR of 64.5%. Initially developed to support cryptocurrencies like Bitcoin, blockchain has evolved into a transformative technology, revolutionizing industries such as finance, healthcare, and supply chain management with enhanced transparency, security, and efficiency.
Building on this foundation, DePIN is redefining how infrastructure systems operate by integrating blockchain with physical assets. By 2023, DePIN had grown to include 650 projects with a market cap of $35 billion, and experts project its market potential to expand to $3.5 trillion by 2028, underscoring its transformative capacity.
Amid the rapid expansion of the blockchain and DePIN markets, U2U Network has announced its upcoming listing, a strategic move designed to further accelerate market growth and development.
U2U Network - a leading DePIN layer1, just closed all funding rounds with $13.8M, getting ready for Listing
U2U Network is at a pivotal moment, set to redefine user experiences in the decentralized ecosystem. By offering a comprehensive application, U2U Network acts as a centralized hub where users can effortlessly access and interact with various integrated DePIN projects. This streamlined approach eliminates the need for multiple app downloads, saving time and reducing complexity. Moreover, it provides an ideal platform for projects to integrate their mini-apps, boosting visibility and branding within a unified ecosystem.
Strengthening this trajectory, U2U Network has successfully closed a $13.8 million funding round with contributions from a slew of prestigious venture capital firms, including KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures, and many more, further solidifying its position as a leader in DePIN innovation. As a modular Layer-1 blockchain with advanced DAG technology and EVM compatibility, U2U Network is uniquely designed to address challenges in scalability and interoperability. Its cutting-edge subnet technology enables developers to build scalable and flexible sub-networks, making it a perfect fit for DePIN development.
As the DePIN industry evolves, echoing the crypto consumer revolution, where blockchain transcends investment to become integral to daily applications, U2U Network leads the charge. By advancing scalable, resilient hardware solutions for real-world integration, U2U is simplifying adoption across sectors, driving transformation, and accelerating the growth of the DePIN ecosystem.
Prepare for the listing season
U2U Network's rapid rise in hardware and blockchain, coupled with the booming blockchain and DePIN markets, makes its upcoming listing a pivotal milestone. This strategic step is set to amplify visibility, foster adoption, and solidify U2U Network’s position as a key player in the DePIN ecosystem. By opening access to a broader investor base and expanding its community, the listing serves as a critical catalyst, enhancing the network’s ecosystem and driving forward its mission to deliver cutting-edge solutions for decentralized infrastructure.
Exclusive listing details
- Expected Date: 10 AM (UTC), December 10, 2024
- Listing Platforms: Kucoin, Gate.io, BingX and MEXC. More listing partners will be announced soon
For IDO Participants on Fjord: Participants on Fjord Foundry: You will receive U2U ERC-20 tokens on the Ethereum network and can deposit them for trading on Exchanges, please check which exchanges support the deposit of U2U ERC-20 Token. U2U ERC-20 tokens will be available on both CEXs and DEXs.
- You will receive U2U mainnet tokens on the ERC-20 network and can deposit them for trading on KuCoin.
- Gate.io, MEXC, and BingX only support U2U tokens on the URC-20 network.
Tokens can be used as payment currency, hiring resources from Subnet Node Operators, or pay for services on Subnet dApps
Token Allocation:
Token distribution:
- Ethereum: 1,000,000,000 U2U
- U2U Mainnet: 9,000,000,000 U2U
U2U Network’s upcoming December listing signifies a transformative milestone, cementing its role as a leader in the DePIN ecosystem. By addressing industry challenges with a unified platform and cutting-edge technology, U2U Network is poised to drive innovation, foster adoption, and shape the future of decentralized infrastructure.