Teneo – Unlocking High-Value Data On The Peaq Network

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18 Dec 2024

All Eyes On Peaq
I have addressed numerous Peaq projects over the past year, beginning with Silencio and, more recently, DeNet and Kaisar Network. Peaq and Solana are the leading chains for established and up-and-coming DePIN projects. Decentralized node infrastructure is a hot narrative and is likely to become even more popular in the coming years. Enormous predictions are being made regarding DePIN’s future market cap.
PEAQ has been performing well since its launch a few weeks ago and is currently trading at $0.50. The market cap is $328 million and has traded above $0.75. The current price is a good level for long-term investors to further dollar-cost averaging and increase their exposure. Peaq is already a leading DePIN hub and promises to expand exponentially in the coming years. The decentralization of physical infrastructure networks is also an element of RWA.
As you may know, RWA is also expected to grow significantly in the coming years. Apart from Ravencoin, I have been relatively quiet regarding my expectations, predictions, and strategies related to this sector. However, it remains a vital component of the future of blockchain and tokenization. The potential is mind-blowing!
Teneo Community Nodes
Getting back to the Peaq Network and Teneo. This project is primarily focused on extracting social media data. According to the official Teneo website, 99.9% of all real-world data is still inaccessible for the WEB3 space. Teneo targets data pools behind paywalls that are currently out of reach, unlocking limitless social media data. This data has high commercial value, making Teneo a digital gold mine.
The Teneo Community Node launched at the end of October and can be downloaded as a Chrome extension. Use code: 8cTvc to get 2.500 Extra Teneo Points. When it comes to DePIN mining, this is a very new project and those who jump on it now are likely to secure a hefty airdrop. The best way to maximize DePIN mining opportunities is to use a dedicated laptop or laptops that are left on permanently. In this way, security issues are minimal and uptime is 24/7.
It’s important to remember that DePIN opportunities require that the device remain on when mining points. Once your laptop is turned off, mining is no longer occurring. Dedicated devices can significantly increase airdrop eligibility. Dedicated devices will increase airdrop allocations. It’s that simple. The Teneo extension is still in beta so check it occasionally to ensure it is online.
Teneo is unique compared to other DePIN projects I have discussed. Being primarily focused on out-of-reach social media data means it is accessing unique data, which essentially makes the data more valuable than the data being gathered by alternative DePIN projects. It’s a good way to gain exposure to the monetization of higher-value data. Another strong point is that it is built on Peaq, a chain known for high-caliber projects.

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Final Thoughts
Teneo is a newcomer to the DePIN space making it a viable mining opportunity. The more you can mine, the larger your allocation of tokens. As I mentioned, I expect a lot of new opportunities from Peaq in the next few months. This dynamic will also favor the price of PEAQ in the next 6 to 12 months. Keep building your node infrastructure, it’s a great way to build passive income streams. See you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.