Alpha, have you eaten the big hair after such a long time?

First, let's talk about what the project is doing?
In simple terms, it's a 'satellite version of a decentralized network', providing affordable internet services to people around the world without internet using low Earth orbit satellites.

The highlight is the strategic partnership with World Liberty Financial (WLFI), which will use WLFI's USD1 stablecoin to pay for satellite services.

But the problem is also very obvious:
The DePIN project's technical threshold is extremely high, and there are already mature players like Starlink in the market.

It is worth mentioning that the project team recently updated some progress, and it looks like it's not just empty promises?

3 low-orbit satellites have been successfully launched and are operating
Reached a technical cooperation with the Korea Advanced Institute of Science and Technology (KAIST)
Completed a 7000 kilometer transoceanic trading test from Chile to Portugal

Market sentiment signal:
The funding rate has fallen from an initial high of 2.3% to the current 0.49%, indicating that most highly leveraged bulls have been washed out, and market sentiment has returned from overheating to rationality, accumulating energy for future trends

In addition to the technology and other aspects that need attention, don't forget about its tokenomics

Total supply 21 billion pieces, currently circulating only 2.15 billion (10.24%)
87.5% of the currency has not yet been unlocked, and will be gradually released in the next 12-36 months, with each unlock potentially bringing selling pressure

Finally, I want to say: I have participated in so many Depin projects, and each one has failed
Those who did not participate have instead become big winners! Where is the justice?

Postscript:
I changed my style of illustration; previously I used 4-panel comic strips for any theme, but this kind of illustration needs to be published immediately after completion, and cannot be delayed
Using this style feels more professional, seems not bad 🤔

This article was originally supposed to be published on @Spacecoin Official when it just launched, the summary is that I was lazy..
The numbers in the image have also been revised multiple times
$SPACE