Destra Network is a comprehensive on-chain solution that caters to decentralized physical infrastructure (DePIN), cloud, and AI computing needs. The platform decentralizes traditionally centralized components through the use of smart contracts, IPFS, Destra Nodes, Destra DNS, and the Destra ENS Gateway. This decentralization ensures secure, efficient, and scalable services for Web3 applications, providing a robust and transparent network.
Tokenomics
- Total Supply: 1,000,000,000 DSYNC
- Circulating Supply: Approximately 192,409,243 DSYNC
- Fully Diluted Valuation: €205,312,529
- Token Distribution: Allocations include portions for development, team, advisors, ecosystem growth, and community incentives.
Market Information
- Current Price: $0.2229
- 24-Hour Trading Volume: $1,010,809
- All-Time High: $0.5081 on April 3, 2024
- All-Time Low: $0.01124 on March 15, 2024
As of June 2, 2024
Team and Partnerships
Destra Network’s team comprises experts in blockchain technology, AI, and decentralized computing. The platform emphasizes its commitment to true decentralization and cutting-edge technology integration. Partnerships with leading organizations in AI, Web3, and finance sectors enhance Destra Network’s capabilities and market reach.
Destra Network Components
Destra GPU Network
The Destra GPU Network democratizes hash power, allowing contributors to be rewarded through the Proof of Sync Consensus based on the hash power they provide. This system offers a tiered pricing model that meets diverse needs and utilizes AI for optimal workload distribution, ensuring privacy and security through a truly decentralized framework.
Destra DNS
Destra’s decentralized DNS solution links Web3 domain names directly to file IDs in a decentralized storage network like IPFS. This bypasses traditional IP address-based resolutions, relying on a distributed system of nodes run by network validators for domain name resolution, eliminating the need for centralized authorities.
Destra Blockchain
The Destra Blockchain underpins the Proof of Sync Consensus, streamlining network efficiency. Validators report node performances directly to the blockchain through an API, allowing the consensus algorithm to reward contributions accurately. This ensures blockchain-powered network excellence.
Destra RPC
Destra Labs innovates with Destra RPC, addressing privacy issues in conventional Ethereum RPC services like Infura and Quicknode, which log transactions and IPs. By separating IPs from transactions, Destra ensures user privacy and prevents potential doxing, providing secure blockchain services.
Destra Net
DSync is a distributed computer network where users can allocate storage and processing power to Destra’s distributed network and get rewarded. This network supports various decentralized cloud solutions, ranging from domain names to web hosting.
What makes Destra Network unique?
Destra Network stands out by offering an integrated suite of decentralized services, ensuring true decentralization, security, and scalability. The platform uses cutting-edge technologies like IPFS, decentralized DNS, and smart contracts to create a robust infrastructure for Web3 applications. This comprehensive approach enables secure, reliable, and efficient digital solutions, setting Destra apart in the blockchain space.
How does the DSYNC token gain value?
The DSYNC token gains value through its utility within the Destra Network ecosystem. It is used for transaction fees, staking, and governance, incentivizing participation and securing the network. As the platform grows and more users engage with its services, the demand for DSYNC tokens increases, driving up their value. The periodic token burns and staking rewards further help maintain token value by controlling supply.
What sector is Destra Network in?
Destra Network operates in several sectors, including blockchain, decentralized physical infrastructure (DePIN), cloud computing, and AI. It bridges traditional services with decentralized technologies, providing secure and scalable solutions for various industries.
What are look alike Destra Network competitors?
- Filecoin: Provides decentralized storage solutions using blockchain technology.
- Golem: Focuses on decentralized computing power, similar to Destra’s GPU network.
Why are Filecoin and Golem competitors?
- Filecoin: Competes with Destra by offering decentralized storage, overlapping with Destra Network’s cloud storage solutions.
- Golem: Provides decentralized computing power, similar to Destra’s GPU network, enabling users to share and access computational resources.
Is Destra Network on Coinbase?
As of now, Destra Network (DSYNC) is not listed on Coinbase. It can be traded on decentralized exchanges like Uniswap and centralized exchanges such as Gate.io and MEXC.
What is the Reddit sentiment for Destra Network?
The sentiment on Reddit regarding Destra Network is generally bullish. Community discussions highlight the project’s innovative approach to integrating decentralized cloud solutions and AI computing. Users express optimism about the platform’s growth potential and its comprehensive suite of services.
What are Destra Network’s social channels?
Destra Network has social channels on:
- Discord
- Telegram
- YouTube
Destra Network Price Prediction
Price predictions for Destra Network (DSYNC) depend on various factors, including market trends, adoption rates, and technological advancements. With its current price of $0.2229 and strong use case in decentralized cloud and AI solutions, there is potential for significant growth.
Because the current price is still relative to it DSYNC’s all-time high, we think 2x is the most likely high outcome for the next 3-6 months. But adoption will mean big things for Destra’s price.
Summary
Destra Network is a blockchain platform providing decentralized solutions for cloud computing, AI, and digital infrastructure. By leveraging advanced technologies and a decentralized framework, it ensures secure, efficient, and scalable services. The DSYNC token is central to the ecosystem, driving value through various utilities and incentivizing network participation. With a dedicated team, strategic partnerships, and a focus on innovation, Destra Network is well-positioned in the blockchain, DePIN, and AI sectors.