Silencio Network raised $112 million, exceeding target by 220x, reflecting high demand for DePINs
From Investing.com
January 2, 2025 07:30:35 AM:
Silencio Network, the noise intelligence platform, exceeded its $500,000 raise target by 220x, receiving $112 million in allocation requests through a partnership with Legion. The success reflects growing interest in Decentralized Physical Infrastructure Networks (DePINs) and blockchain solutions. Silencio prioritizes community incentives over capital intake for long-term growth.
Silencio’s achievement in raising funds demonstrates the increasing demand for decentralized infrastructure networks addressing global issues like noise pollution. The $SLC token, governed by the BlockSound Foundation, is central to Silencio’s ecosystem, rewarding contributors and scaling the network sustainably. With the Token Generation Event (TGE) approaching, $SLC will unlock new opportunities for ownership and engagement.
The DePIN market is projected to grow to $3.5 trillion by 2028, and Silencio’s pre-sale is among the largest allocation initiatives in Web3 history. Noise pollution costs the global economy trillions, impacting health and work efficiency. Silencio’s smartphone-powered solution democratizes access to noise intelligence, empowering individuals to make informed decisions for a better quality of life.
Users can join the movement by downloading the Silencio app, contributing to the noise databank, and earning rewards. Silencio Network transforms smartphones into real-time noise sensors, providing hyper-local insights for industries like urban planning and hospitality. With operations in 180 countries and 460,000 sensors, Silencio is the world’s largest noise intelligence platform, generating over 100,000 daily transactions.
Legion, a MiCA-compliant fundraising platform, is revolutionizing early-stage crypto investments by democratizing access for retail investors. Projects can customize allocations based on investor activities, incentivizing long-term support. Reputation scores evolve based on investor behavior, discouraging short-term value extraction. For more information, visit www.silencio.network.
Read more at Investing.com: $112 Million in Allocation Requests, Surpassing Target by 220x By Chainwire