Do you know why the XPIN network is closer to PayFi than DePIN? • With DePIN, user growth = reward growth = inflationary pressure. • However, XPIN incorporates deposit lockups, data usage-based burns, and a PayFi payment linkage structure. The goal is to reduce the circulation as the number of users increases. The token appears to be designed to be used as utility collateral, not as a reward token. Each of these elements feels more like a financial structure than a simple ESIM-providing telecommunications company. +) An experiment to combine infrastructure and a trust layer. • Telecommunications = infrastructure, finance = trust layer. • XPIN doesn't simply layer finance on top of infrastructure, but rather financializes the infrastructure itself. It aims to transform the internet from a consumption activity into a cyclical structure that connects deposits, rewards, payments, and burns.