Introduction to Depin

Depin is Piggycell's innovative revenue-sharing model that distributes the collective earnings of charging stations installed in various regions across South Korea to users through NFTs. Unlike traditional models that focus on individual devices, Depin aggregates the total revenue of all devices in a specific region and allocates it to NFT holders.

Each region's total revenue is calculated by aggregating the earnings from all charging stations within that region. The revenue is then distributed to the NFT holders of that region based on their ownership ratio. Multiple NFTs are issued per region, and holders receive proportional revenue shares according to their holdings.

Depin bridges regional economics with Web3 technology, providing NFT holders with broader and fairer revenue-sharing opportunities. This approach reduces dependency on individual devices and allows users to actively participate in regional economic activity and the growth of the Piggycell ecosystem.

The NFT issuance and revenue-sharing processes are transparently managed, with real-time data available on the Piggycell platform. Depin opens a new chapter in sustainable revenue models and Web3 economic participation for Piggycell users.