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 | Twitter | Website | Medium
ContactPR DirectorMax Parasolmax@serotonin.co
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
