Why did the market fall so much? Is it a good time to buy the bottom now?
1. The Mentougou compensation incident caused market turmoil.
2. The German and US governments sold a large number of assets, causing market panic.
Against the backdrop of the market crash, some high-quality currencies are worth our gradual entry.
For example, $IO , as the largest GPU computing power network project in Web3, has become one of the most watched DePIN+AI projects in this cycle under the shortage of global computing power resources.
IO fundamentals and future prospects:
io.net is a decentralized GPU computing power network that is widely used in AI, rendering, games, ZK verification nodes and other fields.
io.net brings together GPU resources from independent data centers, crypto miners and individual participants, and uses decentralized computing power for complex tasks such as AI training and reasoning through advanced distributed cluster technology. As we all know, the potential of AI is unlimited.
At present, io.net has more than 200,000 GPUs with verified computing power authenticity, including 20,000 professional AI graphics cards such as A100, H100, L40S, etc. This makes io.net the DePIN project with the most computing power in the Web 3 field, and its potential is immeasurable.
The strong value of IO tokens:
IO is the governance and utility token of io.net. As the largest GPU DePIN platform at present, io.net has received two rounds of private financing support from Multicoin Capital and Hack VC. IO was launched on Binance on June 11, 2024.
In the third quarter of 2024, the IO Foundation will launch the IO king plan, requiring GPU nodes to pledge IO to ensure the stability and quality of GPUs, thereby improving the quality of network hardware, expanding the application scenarios of IO tokens, and further enhancing their value.
io.net also has a vibrant community. In three rounds of airdrop activities, more than 1 million Solana wallets received IO token rewards, including GPU contributors, community supporters, Galaxy members, and Discord community members, all of whom shared the community benefits.
At present, a large number of IO ecological projects are under construction, including computing power tokenization, AI technology stack based on decentralized computing power network, DePINFi project based on IO pledge mechanism, etc.
In the period of market downturn, it can be said to be a very wise decision to pick up high-quality chips such as IO at a low price and hold them until the bull market that may appear in the future.
