LBank announced the fourth phase of Launchpad, with EchoLink as the featured project.

BlockBeats News, on January 15th, LBank announced the fourth phase of Launchpad, with EchoLink as the project for the fourth phase of Launchpad. This Launchpad will be based on the investment model, determining the user's investment amount based on the average daily holdings of mainstream coins in the past 7 days. The holding snapshot time is from 00:00 (UTC+8) on January 18th, 2024 to 14:00 (UTC+8) on January 24th, 2024. EchoLink is a decentralized physical infrastructure network (DePIN) targeted IoT oracle based on Solana. It uses advanced proof mechanisms to provide data capture, measurement, and verification services for numerous IoT devices. Echolink adopts zero-knowledge proof and homomorphic encryption technology to ensure that data is securely transmitted to the oracle nodes while maintaining integrity. It not only bridges data and blockchain but also provides software and hardware toolkits for DePIN projects, laying the foundation for the future integration of IoT and blockchain.