The interesting thing is that the Fed meeting may see the first real debate about rate cuts. Nick Timiraos, a reporter for the Wall Street Journal, wrote on the X platform that the June employment report will make the July Fed meeting more interesting because there may be a real debate on whether to cut interest rates at the next meeting (in September) for the first time this year. This means that the calls for rate cuts are getting louder and louder, and the big bull market is getting closer! We have to make good arrangements for high-quality targets. For example, I have always been optimistic about the governance and utility tokens used by io.net. io.net is currently the largest GPU DePIN platform, and the two rounds of private financing were led by Multicoin Capital and Hack VC respectively. $IO tokens have been launched on Binance on June 11, 2024. In the third quarter of 2024, the IO Foundation will launch Staking, requiring GPU nodes to pledge $IO as a guarantee of GPU stability and quality, thereby further improving the quality of network hardware and enriching the use scenarios of $IO tokens.
Compared with other DePIN computing projects, io.net focuses on GPU computing power, and the scale of its GPU network is more than 100 times ahead of similar projects. io.net is also the first in the blockchain industry to integrate the most advanced ML technology stack (such as Ray clusters, Kubernetes clusters, and giant clusters) into GPU DePIN projects and put them into large-scale practice, which makes it not only in the number of GPUs, but also in the ability of technology application and model training.
With the continuous development of io.net, if the GPU capacity can be increased to 500,000 concurrent GPUs in the whole network to compete with centralized cloud service providers, it will be able to provide services similar to Web 2 at a lower cost, and have the opportunity to gradually establish its core position in the field through close cooperation with major DePIN and AI players (including Render Network, Filecoin, Solana, Ritual, etc.) Become the leader and settlement layer of the decentralized GPU network and bring vitality to the entire Web 3xAI ecosystem.

#IO去中心化算力网络 $IO