With the rapid development of science and technology, blockchain technology has become an important tool to lead innovation and improve efficiency. Among them, the decentralized physical infrastructure network (DePIN) is receiving widespread attention and application by virtue of the advantages of the Solana blockchain platform. At the same time, the progress of projects such as Render and Helium further proves the potential and necessity of DePIN and related blockchain projects. We firmly believe that the in-depth research and application of blockchain will lead us to a more efficient and secure digital future.
🔥Project Overview
In exploring the endless possibilities of blockchain technology, @ionet (io.net) has become a shining star in the field. This innovative project on the Solana blockchain cleverly integrates idle GPU resources around the world, opening a new chapter for our understanding and use of GPU computing.
In short, io.net uses the characteristics of blockchain technology to bring together idle GPU resources scattered everywhere, so that these resources can be shared and used, and their efficiency is improved. In this way, not only the GPU utilization rate is improved, but users with idle GPU resources can also earn income in new ways.
The emergence of io.net has undoubtedly promoted the widespread application of blockchain technology and opened new doors, making the use of computing resources more optimized. For those who are interested in blockchain technology and improving GPU computing efficiency, io.net is undoubtedly a great innovative project.
🔥io.net team introduction
Ahmad Shadid is the founder and CEO of io.net. He has deep experience and unique insights in the field of network technology. Before building io.net, Shadid successfully developed a machine learning model covering 2,000 stocks and 150 cryptocurrencies to more effectively detect and hide market orders.
Tory Green is the company's COO and CFO, and he joined io.net full-time three months ago. Green's career spans a wide range of fields, including banking, private equity, and corporate strategy. He was the co-founder of a digital publishing company in the Web2 era. Prior to this, he served as CEO and CFO of Hum Capital, and has in-depth research and understanding of AI technology and cryptocurrency.
🔥Financing Background
Currently, it has received official support from Solana, RNDR and FIL, which undoubtedly provides a solid backing for the development of the project. At the same time, the latest information about the A round of financing announced by the project is also encouraging. This round of financing was led by Hack VC, and well-known institutions such as @multicoincap, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, Foresight, Amber, Longhash, SevenX, ArkStream, @animocabrands, Continue Capital, MH Ventures and Sandbox also participated in the investment, which undoubtedly further promoted the development progress of the project.
io.net has raised $40MM in two private rounds, with a latest valuation of $1 billion. This represents 36.24% of the genesis token supply and 22.65% of the maximum token supply.
This series of support and investment undoubtedly proves that the prospects of io.net are optimistically viewed by relevant industry insiders and plays an important role in promoting its future development.
🔥Token Distribution
Token name: IO.NET (IO)
Initial total supply: 500,000,000 IO
Maximum token supply: 800,000,000 IO
Initial circulation: 95,000,000 IO (19% of the total initial token supply)
Total mining volume: 20,000,000 IO (4% of the total initial token supply)
Smart Contracts: Solana
Restrictions: KYC required
Individual hourly mining hard cap
BNB mining pool: 17,708.33 IO
FDUSD mining pool: 3,125 IO
$IO can be mined for 4 days in total
June 11, 2024 20:00 (GMT+8) on Binance
🔥Price Estimation
Based on a comparative analysis of past mining profits and market capitalization, it is estimated that the value of $IO may be between 0.3U and 0.8U, which is considered to be a reasonable estimate.
Recently, the newly listed currencies on Binance have shown a preference for the DePIN track, which also reflects a trend in the market and verifies the investment philosophy of "following the trend". Therefore, investors should pay close attention to this sector to seek new investment opportunities.
