What is the newly launched virtual power plant Starpower? What are the highlights worth paying attention to?

Reviewed by: Lemon

Virtual Power Plant Starpower

A virtual power plant is an energy management system that uses information and communication technology and software systems to combine multiple distributed Energy devices are integrated together to achieve smarter and more flexible energy management.

Starpower is an emerging decentralized virtual power plant project that combines technologies such as the Internet of Things, blockchain, and artificial intelligence to provide dispatchable power by connecting energy equipment such as air conditioners, water heaters, and energy storage batteries. Energy equipment resources. At the same time, Starpower will cooperate with Arweave to ensure the transparency and traceability of all data, and jointly create a sustainable environment and reduce carbon emissions.

Starpower, like other DePIN projects, adopts a Token incentive model to encourage users to connect high-power appliances to the network. Individuals or organizations such as companies, shopping malls or schools can join the Starpower network.

In addition to preparing the software provided by Starpower, users also need to purchase official (based on ARM TrustZone technology) smart plugs or officially approved third-party smart plugs, which will consume more power. The device is connected to the network. Starpower issues $STAR rewards to users based on power data and device response. Currently supported devices mainly include common household or commercial appliances. In the future, the connection standards for more devices will be gradually opened, such as thermostats and energy storage batteries.

Starpower recent key events

The Starpower project was officially launched in January 2024. It has only been less than two months, but it has already made impressive progress. On the product side, we have optimized the allocation rules for NOVA points and made improvements to the Grants page. In addition, Starpower excels in project collaboration and event delivery. In terms of project cooperation, we have established partnerships with a number of well-known companies, injecting new vitality into the project. These collaborations also provide users with more benefits and reward opportunities. At the same time, we also launched a series of innovative activities, attracting the participation of a large number of users. These activities not only increase the visibility of the project, but also bring a rich and colorful experience to users. Overall, the Starpower project has achieved encouraging results in a short period of time

Launch of Genesis NFT – Pioneer Pass

Starpower recently launched its Genesis NFT, also known as Pioneer Pass. Users can earn points by completing various tasks on platforms such as Zealy or Taskon, and obtain corresponding whitelist qualifications based on their points ranking. This new concept provides users with an opportunity to acquire unique digital assets, further promoting community interaction and participation.

There are 10,000 Pioneer Passes in total, distributed according to the whitelist of different rights:

• OG whitelist: 2000 NFTs allocated, each wallet can get up to 2 NFTs;
• VIP whitelist: 4000 NFTs allocated, each wallet can get 1 NFT.

Pioneer Pass’s free mint event is very popular. It started on February 22, and all 10,000 NFTs were minted within half a day. Subsequently, Pioneer Pass launched NFT markets such as Magic Eden, Tensor and OKX. In just one day, the transaction volume exceeded 7777 SOL, and the NFT price rose to a maximum of 2.5 SOL.

Project Cooperation

As of March 13, Starpower has reached cooperation with 5 projects within two months, including:

• ABC Inscription Major Organization - ABC Ventures;
• Solana Inscription Asset Cross-Chain Bridge Project - SoBit;
• Metaverse Game Platform - Ultiverse;
• SRC20 Protocol's First Trading Platform - —OpenStamp;
• The first cross-chain GameFi project on the SRC20 protocol-BitDragon.

Launch of Genesis Pass and SRC-20 Assets

Starpower has received a good response from the market after launching Pioneer Pass, and plans to continue to launch rare Genesis Pass in the future. At the same time, Starpower has partnered with OpenStamp to launch SRC20 assets (a Bitcoin network token standard inspired by the BRC-20 token standard and designed based on the Stamps protocol). For more details in the future, please continue to pay attention to project updates.

Future Planning and Outlook

Starpower’s vision is ambitious, and its planning is clear and pragmatic - the test network is planned to be launched in the second quarter of 2024, and will enable more than 10,000 network devices to be connected at the same time network; in the third quarter of 2024, the Starpower team plans to establish business income, academic cooperation, commercial cooperation, government cooperation, and establish a community of 100,000 users; finally, by the fourth quarter of 2024, it plans to launch the main network and issue $STAR .

$STAR The total amount is 1 billion. According to the distribution mechanism, 70% of $STAR will be reserved for network builders. In addition, the Starpower team is fortunate to invite an interdisciplinary professional team to design a Token reward mechanism to attract more users to participate, thereby further promoting business development, increasing the value of $STAR, and attracting more users to achieve positive results. Toward the flywheel.

Starpower started at the beginning of the bull market. In just two months, it has performed quite comprehensively and has the potential to become a new star in the DePIN track. However, from a higher perspective, Starpower chose to shoulder the burden imposed by the times and joined hands with the Arweave protocol, which also pursues green environmental protection, to jointly solve the thorny climate problem and promote the early arrival of a "zero-carbon world".

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