Denet File Token $DE

DeNet is a multichain ecosystem that provides a decentralized alternative to traditional cloud storage, running on the DeNet Storage Protocol. This innovative solution brings the Sharing Economy concept to Web3, empowering users with smart contracts, Proof-of-Storage, and decentralized managing of file systems, versioning, and node-proof processing. DeNet operates on Open Economy 3.0, promoting direct interaction among ecosystem participants and minimizing intermediaries and costs.

History of DeNet

DeNet was launched in July 2017 with the aim of utilizing existing storage capacities in a decentralized manner. Within a short span of three months, an MVP was released, signaling the potential of this novel project. The following year saw the launch of DeNet BOX, a product designed for the corporate sector and tested in international companies. In June 2021, DeNet made a significant leap by introducing DeNet Node and DeNet Storage for the B2C market. Within three months of launching their iOS and Android versions, DeNet became a market leader in decentralized mobile storage.

An Expanding Ecosystem

DeNet is not one to rest on its laurels. The project is continually enhancing its third protocol version and improving client features for better user interaction. The main goal of their latest release is to draw in dedicated Datakeepers to ensure network stability and security. The team is also focusing on expanding the accessibility of DeNet Storage to individuals unfamiliar with Web3, cryptocurrency, or blockchain, with their user-friendly Web3 storage app.

DeNet's Dual Token System

DeNet incorporates a dual token system: TBY and DE. TBY serves as a utility token, representing 1TB of data storage for a year. It facilitates automatic payments through the Proof-of-Storage smart contracts. On the other hand, the DE token plays several vital roles in the ecosystem. It enables the issuance of TBY, allows users to avail of ecosystem services, manage Storage Protocol settings, and participate in Consensus voting. Users also require these tokens to launch datakeeper nodes and earn rewards for providing excess storage. The innovative tokenomics of DeNet ensures a self-stabilizing storage price, providing optimal benefits to both datakeepers and users.