Is it a bull market or a bear market now? The bull market was too fierce when it came. After we all spent a bull market in cheers, it seems that we have all forgotten what the prelude to a bear market is.
In 2022, the arrival of the bear market also began with various negative factors that caused huge market crashes. The selling of miners, the departure of institutions, and the intensification of the epidemic caused $BTC to fall all the way to $15,500.
[There may be other negative factors that cause the market to continue to fall]
📉🈳 The stablecoin market is still flowing out, which means that the market value and liquidity are still decreasing, and the market value is decreasing, resulting in a lack of continuous support for buying.
📉🈳 The stolen money seized in Germany is being sold.
📉🈳 The income of miners has been reduced again and again, and selling will be caused in order to protect the income.
📉🈳 Further declines may lead to ETF liquidation events in the market
I was very optimistic about IO when $IO was launched. After the launch, I also did more contracts than IO. It is also very delicious to eat pork trotter rice at 10 times.
The latest trend of IO now is to make a breakthrough in the number of hardware devices. There are now more than 95,000 GPUs and more than 1,000 CPUs in the IO system. And now the official is also actively promoting H100 to increase high-performance GPU graphics cards.
Dual token economic system:
1️⃣IO is the main functional token of the io.net platform, which is used as rental fees and incentive expenses.
2️⃣IOSD is a stablecoin pegged to the US dollar, which can pay platform fees.
IO is an AI data factory project based on DePIN, which uses distributed computing libraries to parallelize training tasks on multiple devices. io.net optimizes scheduling and search patterns by leveraging the inherent parallelism of hyperparameter tuning experiments. Reinforcement learning library that supports highly distributed RL workloads.
But IO also faces challenges in network security and technical complexity, how to make full use of distributed resources to improve learning efficiency while reducing costs, and the stability of the network. Long-term success will depend on continued development, adoption and its ability to navigate the evolving landscape of blockchain-based infrastructure.
