#第55期新币挖矿IO

IO.NET, the 55th new coin mining, Solana's depin+AI concept is estimated to have a market value of 1 billion US dollars. Why can it have such a high valuation, let's take a look

🚀Project background

io.net is a decentralized GPU network built on the Solana blockchain, designed to support the development, execution, and expansion of machine learning (ML) applications. By integrating GPU resources from independent data centers, cryptocurrency miners, and other crypto projects such as Filecoin and Render, io.net provides a huge computing power platform dedicated to solving the GPU computing power shortage caused by the AI ​​boom.

🚀Core functions

Batch inference and model service: parallel execution of batch data inference tasks. Parallel training: using distributed computing libraries to break through the memory and processing bottlenecks of single-device training models. Parallel hyperparameter adjustment: advanced hyperparameter adjustment functions to optimize scheduling and results. Reinforcement learning: support highly distributed reinforcement learning tasks and APIs.

🚀Financing status

Seed round financing: May 2023, completed $10 million. Series A financing: In March 2024, it will complete $30 million and reach a valuation of $1 billion. Investors include Hack VC, Multicoin Capital, etc.

💵Token Economics

Total supply: 800 million IO tokens

Initial supply: 500 million IO

Token distribution: community (50%), R&D and ecology (16%), seed investors (12.5%), Series A investors (10.2%), core contributors (11.3%)

#io.net