New Coin Mining No. 55 IO.NET (IO) AI+DEPIN Concept Leader

What is Io.net? #io.net #AI+DePIN

Io.net is a decentralized GPU network that focuses on providing computing resources for machine learning (ML). Its goal is to solve the limitations of traditional cloud services by providing low-cost, high-availability GPU computing resources. The founder of Io.net is Ahmad Shadid, who was a quantitative system engineer at WhalesTrader.

Advantages of Io.net

💥. Low cost and high availability

The GPU computing resources provided by Io.net are lower in cost than traditional cloud services and have high availability. Through a decentralized architecture, Io.net can effectively utilize idle GPU resources and reduce overall operating costs.

💥. Products and Services

IO Cloud: Provides cloud-based GPU computing services for a variety of machine learning tasks and other high-computing applications. IO Worker: Used to connect and manage distributed GPU nodes to ensure efficient allocation and utilization of resources.

💥. Development and Financing

V1.0 Release: Io.net plans to fully release V1.0 between January and April 2024. Financing and Valuation: In March 2024, Io.net completed a $30 million Series A financing, with a valuation of $1 billion.

💥. Decentralized Advantages

Io.net solves the problem of low GPU resource utilization through a decentralized network architecture. This not only improves resource utilization efficiency, but also enhances the reliability and security of the system.

💥. Token Economic Model

Initial Supply: Io.net's initial supply is 500 million IO tokens, and it is planned to grow to 800 million within 20 years. Token Functions: Including incentive mechanisms, pricing, and community governance. In addition, the introduction of IOSD stablecoins is also considered to stabilize transactions and usage in the network.

💥. Security

Despite a recent security incident involving the metadata API, it did not affect access to GPUs, demonstrating the resilience of the system and the effectiveness of security measures.

Future Outlook

Io.net fills the gap in the computing field and has high market potential. By effectively matching supply and demand, Io.net is expected to become a highlight project in the Web3 field. Its low cost and decentralized advantages will further promote its development and application in the market in the future.

Summary

Io.net is a project dedicated to providing decentralized, low-cost, high-availability GPU computing resources for machine learning and other high-computing demand tasks.With its innovative products, strong team background and clear market positioning, Io.net is expected to become a major player in the computing resources field in the future.