TL;DR
- Idea: Bless Network is a decentralized edge computing DePIN that leverages idle CPU/GPU resources from everyday devices to form a global shared computer, offering vertical scaling and multi-chain interoperability.
- Catalyst: Upcoming Phase 3 storage proofs and CRON-type on-chain job support, coupled with live transaction pool and self-bridging features, drive network utility.
- Risks: Reliance on a centralized oracle in Phase 1, nascent adoption, low liquidity and market cap, potential token volatility, and unclear long-term monetization pose risks.
- Score: 8.00/ 10
Coin
- Name/ Ticker: Bless Network (BLESS)
- Segment: DePIN
- Status: mainnet beta
- Price: $0.081920
Key Metrics
- Market Cap: $150 053 731
- FDV: $814 771 392
- Circulating Supply: 1 841 666 667
- Total Supply: 9 999 999 999
- Inflation: 0.00%
Sources
Technology
- USP: Decentralized computing network transforming idle devices into a shared computer with on-chain data aggregation and vertical scaling for Ethereum.
- Core Technology: Dynamic resource matching, randomized distribution via Greco-Latin squares, WebAssembly secure runtime, dynamic verification consensus, self-bridging token via Wormhole and Arbitrum Nitro.
Roadmap
- 2024-10-01: Ethereals launch
- 2024-10-01: Phase 2: Wormhole Query integration
- 2025-01-01: Modular Permissions rollout
- 2025-04-01: CRON-type on-chain jobs support
- 2025-04-01: Phase 3: Storage proofs for cross-chain transactions
Team & Investors
Team
- Co-founder & CEO β Derek Anderson: Former CTO at Akash Network
- Co-founder & COO β Butian Li: Former COO at Wabi and NGC Ventures
- Co-founder & Head of Research β Michael Chen: Former researcher at Binance Labs
- Co-founder & Lead Developer β Liam Zhang: Former researcher at NYU
Investors
- M31 Capital
- NGC Ventures
- Interop
- Frachtis
- MH Ventures
Total funding: $8.00M
Tokenomics
- Utility: Native gas token for Blessnet transactions and cross-chain bridging.
- Vesting: No vesting or emissions schedule; all tokens minted.
- Next Unlock: (0.00% of circulating)
Pros & Cons
Strengths
- Innovative DePIN decentralized computing network
- Native multi-chain self-bridging token
- Low transaction fees and minimal token holding requirements
- Vertical scaling for Ethereum ecosystem
- Strong investor backing by top-tier funds
- Unique features such as CRON-type jobs and modular permissions
Weaknesses
- Reliance on centralized oracle in Phase 1
- New network with adoption risk
- Low liquidity and market cap
- No vesting schedule may lead to large token dumps
- High price volatility with large early swings
Price Scenarios (target: 2026-03-25)
- Bear: $0.050000 β Assumes limited adoption and baseline network activity with linear price decline from current levels
- Base: $0.150000 β Based on moderate adoption growth, roadmap execution, and comparables in DePIN valuations
- Bull: $0.300000 β Assumes aggressive adoption, full Phase 3 rollout, and increased enterprise partnerships driving demand
How to Buy & Store
CEX
- Binance
- KuCoin
- Gate.io
- MEXC
- OKX
DEX
- Raydium
- Orca
- Serum
- Jupiter
- Saber
Storage
- Phantom Wallet
- Solflare Wallet
- Ledger
- Trust Wallet
- Sollet
Verdict
Bless Network presents a compelling DePIN solution with strong technical foundation and investor support, but faces adoption and liquidity risks in its early stages. Its innovative multi-chain and modular approach warrants monitoring through roadmap milestones.
Official Links
Source: Coin Research (internal)
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