Issue 55 #Launchpool‬ Project #io

The tutorial on mining new coins has been talked about for a long time. I think if my friends pay attention to it for a long time, they will know how to do it.

I won’t talk about the tutorial in this article because this issue is almost over. In this article, we will talk about investment research reports and price expectations.

🎈IO (io.net), a decentralized artificial intelligence computing and cloud platform.

io.net is a decentralized AI computing and cloud platform. By aggregating GPU supply from underutilized resources, io.net creates a network that allows machine learning (ML) startups to access nearly unlimited computing power at a fraction of the cost of traditional clouds.

Why is it a heavyweight project? Since it is expected to have a high valuation, there must be a lot of highlights. I will briefly describe one or two.

1. io.net has more than 50 commercial and business development partners.

2. io.net won the Grand Prize and Gold Award in Computer Science at the 2023 Asian Invention Award for its submission of GPU Internet.

3. Reduce reliance on centralized data centers through globally distributed GPU resources, reducing geographic restrictions and costs.
Economical: Compared with traditional cloud services, the cost is 90% lower.

📌IO is the native application token in io.net and is used for the following functions

1. Payment: Payment and transaction fees within the io.net ecosystem, such as purchasing/providing underutilized GPU computing power and deploying GPU clusters.

2. Staking: Users can participate in network security and earn idle GPU rewards in any of the following ways:

  • Stake $IO tokens on a node of their choice

  • Stake more $IO tokens directly to run your own nodes.

3. Governance: Participate in the governance of IO Grants DAO by voting and implementing funding proposals

🎈io.net has raised $40MM in two private rounds at a recent valuation of $1B. This represents 36.24% of the genesis token supply and 22.65% of the max token supply.

It is not difficult to see from the above public descriptions that IO actually has many highlights.

🔸Price Prediction

Fixed maximum supply of 800,000,000 tokens and TGE genesis supply of 500,000,000 tokens as of June 6, 2024. Circulating supply after listing will be 95,000,000 (approximately 19.00% of the genesis token supply).

According to the valuation and previous new coin launch estimates: 5-7 dollars, it is already a very implicit prediction. It is a heavyweight, and with this level of popularity, it should be able to go beyond that.

Of course, I don’t recommend rushing in at the opening. I think it’s better to wait for the airdrop players to make a move and then observe further.

🎈This project focuses on the development of artificial intelligence, and its future potential is worth paying attention to.

Follow Chige for more web3 information sharing. #ionet