What is happening?
Germany-based Kansi Solutions is joining the peaqosystem to give people the hardware they need to earn from DePINs on peaq.
Why is it important?
Kansi will enable people to set up and earn from DePIN infrastructure like electric vehicle chargers or smart cameras without having to actually purchase them.
What does this mean for the community?
The barrier for earning from a DePIN has never been lower — the community will be able to get the hardware they need for free and start earning, which means more activity on peaq, easier scaling for DePINs, and, ultimately, more value for everyone.
Losses loom larger than gains, they say, meaning we humans really, really hate losing things. The pain of losing $5 bucks on an unlucky trade is more intense than the joy of flipping an NFT at a $5 profit. Nothing we can do about it, that’s just how our brains are wired.
This mechanism naturally guides us toward averting risks. We look at the price tag of an opportunity, and even though the long-term promise is there, the upfront cost seems too high. So much so, in fact, that we walk away, terrified at the thought of losing something right here and right now regardless of the possible revenues further on.
Kansi Solutions removes a crucial component of this mechanism — the upfront cost, at least when it comes to mining crypto. It provides people mining equipment free of charge, for a proportion of the tokens generated. It is now joining the peaqosystem to explore opportunities to do the same with hardware for decentralized physical infrastructure networks (DePINs).
A DePIN power multiplier
Kansi’s approach has a lot to offer to the DePIN model, which relies on token incentives to crowd-source the infrastructure for various real-world services, such as mobility, Web access, or weather data collection. The hardware comes with a price tag, which makes for a barrier to entry. By providing the hardware with no upfront cost, Kansi removes this barrier.
In other words, Kansi will enable the peaq community to have an easier time setting up the hardware, such as smart cameras or electric vehicle chargers, and earning. This in itself will bring more activity to krest and, once it launches, peaq mainnet.
Furthermore, Kansi’s approach brings a DePIN’s scaling potential to a whole new level. By removing the upfront costs for joining, it empowers DePINs to grow even faster, building out their supply side at a fraction of the time it would have taken a centralized giant. This, of course, also means faster growth for the peaqosystem, with more devices joining in, more on-chain transactions, and, ultimately, more value for everyone involved.
At the current stage, Kansi grants access to crypto mining equipment at no cost and shares 20% of the revenues that miners generate. Its coverage area is for now limited to Germany, where people can get Helium or GEODNET miners.
According to Kansi, its community has already set up over 600 Helium hotspots, greatly amplifying network coverage for IoT applications in urban and rural regions. The network infrastructure has already spread through over 200 cities in Germany.
“Kansi is dedicated to breaking the barriers surrounding crypto mining, and we’re ready to take our mission even further. By sharing the infrastructure for DePINs on peaq we are enabling more people to join the projects that revolutionize the way we use connected devices. We’re excited to join the peaqosystem and help introduce even more value to the community.”
— Jonas Becker, co-founder of Kansi.
“Upfront cost is a major challenge for DePINs that leverage hardware you won’t find in the average household. By eliminating this barrier, Kansi is introducing a massive opportunity for those looking to join DePINs, and their platform will bring the scaling of DePINs in the peaqosystem to a whole new level.”
— Leonard Dorlöchter, co-founder of peaq.
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