A new coin has been launched on Binance, but what it does?
IO.NET is a decentralized cloud computing platform that focuses on aggregating spare GPU resources to support AI and machine learning (ML) workloads. Often referred to as the "Internet of GPUs," it aims to create a more accessible and cost-effective infrastructure for high-performance computing through a decentralized network.
Operates as a Decentralized Physical Infrastructure Network (DePIN), leveraging idle GPU capacity from various sources, including data centers and cryptocurrency miners. This setup allows for the pooling of GPU resources to form a distributed network capable of handling intensive computational tasks.
The IO token plays a crucial role within the IO.NET ecosystem, serving multiple purposes such as facilitating transactions for computing resources, rewarding GPU providers, and enabling governance. The token supports a dual-token system, where IO tokens are used for general transactions and rewards.