BANGALORE, India, October 24th, 2024,
Chainwire
Node sale will build the network to power decentralized
real-time communications that can compete with the likes of Zoom
and Google Meet
Huddle01, a
decentralized real-time communications (dRTC) leader, opened its
node sale whitelist today. Huddle01 is the first Decentralized
Physical Infrastructure Network (DePIN) for RTC or audio and video
conferencing. Huddle01 coordinates unused internet bandwidth
through node operators to enable seamless audio-video communication
via its innovative decentralized network.
Huddle01 has hosted over 7 million
minutes of meetings across more than 100,000 events since its
inception. Adding nodes to the network will increase connectivity
in key new markets and enable buyers of node licenses to own and
operate a part of Huddle01 dRTC Network, and earn rewards.
Logical DePIN: Nodes lead to
improved latency
Huddle01 Media Nodes - the atomic unit
of Huddle01's dRTC network - provide the necessary bandwidth to
encode, decode and route audio/video packets for uninterrupted
audio and video communication across the globe.
Unlike most DePINs, Huddle01 is built
from the demand side, addressing the high operational costs and
geographical latency issues faced by centralized RTC networks,
solving a real consumer problem.
By reducing the reliance on centralized
data centers, Huddle01 also minimizes developers’ server costs for
audio and video calls by up to 95% compared to AWS, ensuring
high-performance communication is cost-effective.
“Our media nodes will expand a network that can
outperform the incumbent web2 competitors on latency. We have
already done this in areas where there is a large cluster of nodes,
including in New York City,” says Ayush Ranjan, CEO of
Huddle01.
Huddle01’s native app Huddle01 Meet
integrates web3-native tools, allowing users to connect wallets,
use NFT profile pictures as avatars, and host token-gated meetings.
Video recordings can be securely stored on the InterPlanetary File
System (IPFS), emphasizing the platform's commitment to
decentralization and security.
Led by CEO and Co-Founder, Ayush
Ranjan, and Co-Founder and CTO, Susmit Lavania, Huddle01 has an
experienced team with 15+ years in RTC and 5+ years of token
engineering. Key leadership positions at Huddle01 are held by
alumni of BlockScience, Consensys, Polygon, Cardano, Persistence,
CoinDCX, and Guardian Link.
Node Sale Details
The node sale will offer 46,900 Huddle
Media Nodes, starting at $320 each, across two phases.
Node Sale Dynamics
- A total of 46,900 Huddle01 Media Nodes are available with
pricing starting at $320. Out of this 20,000 Media Nodes will be up
for sales during Phase 1
- Minimum requirement to run the node is a ~250 Mbps Internet
connection, however buyers can also delegate to minimize operating
expenses
- Sale participants will receive an NFT key post purchase which
can be used to run or delegate a Node
The Node Sale will be conducted
in 2 Phases
- Phase 1: 20,000 nodes to be sold in November via a Whitelist
Sale and Public Sale
- Phase 1 sale participants are eligible for higher returns
than Phase 2 participants considering the lower prices of
early tiers
- Whitelist Window: 24th Oct - 4th Nov
- Whitelist sale opens 6th November: Access to early tiers with
exclusive Whitelist spots for our partners and community
members
- Public Sale opens 8th November: Open to all
Huddle01 Media Node
Rewards
- Huddle01’s Incentivized Testnet will launch two weeks after the
sale completes
- This bootstrapping program will run for 6 months, and all
active Node Key holders will be rewarded 5 $HUDL/Day totalling 21%
of Huddle01’s total TGE supply
- 40M $HUDL will be offered as rewards for active nodes during
the testnet phase, with immediate vesting and 5% unlocked at
TGE
- Total TGE supply - 200M $HUDL
How to participate in Huddle01
Whitelist?
To participate in the sale, users must
log in and connect their wallets to check their Tier Eligibility.
Based on your on-chain activity and community participation, the
platform will determine which tier you qualify for and assign you
the highest eligible tier. Interested participants can also join
Huddle01’s Discord and take part in flash quests to upgrade to
early tiers.
During the Whitelist Sale, users can
purchase node keys from their assigned tier; however, being
whitelisted does not guarantee a purchase as sales will operate on
a first-come, first-served basis.
Key Dates
- Whitelist Opens: October 24, 2024
- Whitelist Sale: November 6th
- Public Sale: November 8th
- Click here to join the whitelist
and for more details about the node sale.
The Huddle01 whitepaper is here.
About
Huddle01
Huddle01 is a decentralized
real-time communication (dRTC) network for audio and video
streaming - DePIN for RTC - that has clocked in 7 million+ minutes
of meetings to date. The dRTC network eliminates the dependency on
centralized servers for real-time communication across the
globe.
Huddle01 is democratizing connectivity
over cyberspace by enabling people to access best in class
bandwidth without relying on local physical infrastructure. The
network has raised $6M to date and is backed by marquee angels like
Balaji Srinivasa, Stani Kulechov and leading VC funds like
Hivemind, Protocol Labs, Superscrypt, Consensys and
others.
Huddle01 makes it possible to build
high-quality audio/video applications in minutes. Leveraging its
suite of SDKs, multiple web3 applications have integrated the
composable Huddle01 SDKs as their video communication layer. The
infrastructure (developer SDKs) has been utilized by 100 projects
including Lens Protocol, Solana, and CyberConnect. Soon Huddle01
will be onboarding 1.5M active users to their dRTC network with
upcoming integrations.
To learn more users can visit, www.huddle01.com |
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Contact
PR Director
Max
Parasol
max@serotonin.co