Carriers leverage @XNET_Mobile's Passpoint Wi-Fi to instantly improve the quality and consistency of mobile coverage📶. Become a deployer now and receive 80% of the revenue 💰 generated from offloading data on your Wi-Fi access point!
Order yours today! 👉https://t.co/kFSj8ZSSxg
Welcome to @XNET_Mobile
XNET is a DePIN network that expands cellular coverage by using radios and access points. Deployers earn tokens by offloading carrier data in cellular dead zones with XNET devices. XNET then charges the data offload back to the major cellular carriers, and returns revenue to the network operators in exchange for $XNET tokens.
Led by @rdevaul, the former CTO of Google X and the visionary behind Google Project Loon, XNET is powered by a team of industry veterans with extensive expertise in carrier offload, blockchain technologies and Web3 Telecom. Our team’s experience spans leading roles at major companies like Verizon, Google, Truphone and US Cellular. Together, we're at the forefront of innovation, advancing the DePIN space on the Solana network and beyond.
https://t.co/VJmFZebvA8
Anyone with access to high-traffic, non-residential locations can play a vital role in expanding the XNET network. XNET provides a range of carrier-grade hardware tailored for diverse environments—from stadiums and public parks to coffee shops, local retail stores, and beyond. Wherever there are cellular users, they will automatically connect to the XNET network, seamlessly offloading carrier data.
Learn more: https://t.co/EVnGKSNd6E
Since its inception, XNET has successfully deployed over 800 carrier-grade cellular and Wi-Fi nodes across 40 states in the U.S., with initial expansions now underway in Canada📷.
XNET is currently in the final stages of testing its Wi-Fi offload network with several tier-1 mobile carriers, yielding impressive results. In a short period, XNET has served over 1 million users and offloaded more than 30 TB of data through its network.
Who says crypto has no real-world applications?
@Solana is the home for DePIN and we are thrilled to make the move. By tapping into Solana’s speed, scalability and thriving DePIN community, XNET is able to reach more people, scale revenues and bring blockchain composability to the trillion dollar mobile network market.
Xccelerate 📶
Think utility could be making a comeback when the market settles; memes are super saturated already
$XNET is one of my highest conviction choices
Solana + DePIN + real existing product + very undervalued + rockstar team
(and I've never written a thread for any project before)
What is XNET?
In short, they do what Helium does except better and at a fraction of the market cap (50x lower)
@XNET_Mobile is a DePIN project building a mobile network with crowd-sourced nodes
The network is fully operational; it currently has 850 nodes serving over 1 mil users
Network operators deploy Wi-Fi and cellular hotspots in high-demand areas; offloaded traffic is sold back to large telecom companies
XNET currently has deals with Tier-1 telecom companies (the likes of ATT, T-Mobile, Verizon, etc)
Offloaded traffic is currently higher than Helium ($MOBILE)
https://t.co/Okp8MG8zS1
CEO is a rockstar (ex Google X, Apple, MIT)
https://t.co/V4mnl27gA8
Funny I have to say this but team is doxxed; based in Silicon Valley
Solana Support
XNET officially migrated to Solana yesterday from Polygon/Eth networks
Team has received direct support from @toly and @solana
https://t.co/QSccd01NUJ
https://t.co/x6XjaZDhrH
XNET was just the pinned tweet on the official @solana page
https://t.co/SrxTx57ezs
Tokenomics
Circ market cap is ~$4.2 mil (@ $0.06-ish right now)
People might get freaked out by FDV of $150 mil right now; but understand that emissions will happen over 10+ yrs
Near-term emissions are very sustainable; tokenomics were just revamped to reduce supply by 90% and node emissions by 50% (prior to the Solana migration)
Team, insiders, large investors hold <1% of supply
Comp to Helium
The closest competitor is Helium
$HNT is uponly; up 3x over the last year and they're at a $1.3 bil market cap
$XNET at same market cap as Helium $MOBILE (utility token): ~50-60x
$XNET at same market cap as Helium $HNT (governance token): ~750x
...all while XNET's offloaded traffic is already higher than Helium's
Full disclosure: been following the project a while, have an investment, and have provided the team with advice in the past