##IO has undoubtedly been the ace project of this stage, and it is valued at 1 billion US dollars before it goes public. So will it eventually reach a hundred times the expected value after it goes public?
This article outlines:
What is IO.NET
Track advantage
Token Economy
Listing Expectations
Airdrop Event
1. What is IO.NET?
A decentralized AI computing and cloud platform
io.net is a distributed GPU system based on Solana, Render, Ray, and Filecoin, designed to leverage distributed GPU resources to solve computing challenges in the fields of AI and machine learning.
io.net solves the problem of insufficient computing resources by aggregating underutilized computing resources such as independent data processing centers, cryptocurrency miners, and excess GPUs from crypto projects such as Filecoin and Render, enabling engineers to obtain large amounts of computing power in an easily accessible, customizable, and low-cost system.
Additionally, io.net introduces a Distributed Physical Infrastructure Network (DePin), combining resources from a variety of providers to enable engineers to access massive amounts of computing power in a customizable, cost-effective, and easy-to-implement manner.
io cloud now has more than 95,000 GPUs and more than 1,000 CPUs, supports fast deployment, choice of hardware, geography, and provides a transparent payment process.
Second, track sector advantages
1.io.net’s decentralized resource aggregation is one of its core functions
2. Cost-effectiveness, low cost, scalability
3.io.net aggregates GPU resources from multiple sources, including independent data centers, individual cryptocurrency miners, and excess resources participating in other crypto projects such as Filecoin and Render.
3. Token Economy
(1) Token situation
Token name: IO.NET (IO)
Maximum token supply: 800,000,000 IO
Initial circulation: 95,000,000 IO (19% of the total initial token supply)
(2) Launchpool mining situation
Total mining volume: 20,000,000 IO (4% of the total initial token supply)
Mining Pools:
BNB Mining Pool: Total mineable 17,000,000 IO (85%)
FDUSD mining pool: a total of 3,000,000 IO can be mined (accounting for 15%)
Mining time: 08:00 on June 7, 2024 to 07:59 on June 11, 2024, GMT+8
The maximum supply of IO tokens is 800 million. This supply is set to ensure the stability of the token value and prevent inflation.
However, initially, 300 million IO tokens will be issued.
There is also a destruction mechanism. IO adopts a programmed token destruction system, which uses io.net to purchase and destroy IO tokens with the revenue generated from the IOG network. The destruction mechanism adjusts the number of destructions according to the price of IO, thereby generating deflationary pressure on the tokens.
Halving mechanism:
2024-2025: 6,000,000 $IO tokens will be released each year during these two years.
2026-2027: Starting in 2026, the annual release is halved to 3,000,000 $IO tokens.
2028-2029: Release continues to halve, releasing 1,500,000 $IO tokens per year
4. Listing Expectations
Opening price estimate: The total amount is constant at 800 million, with an initial circulation of 95 million. The initial supply of 500 million will be released at the end of the 13th month and will be released gradually over a period of 3-5 years. Only 20 million will be mined on Binance! The other 300 million will be released gradually over 20 years!
In terms of track, both depin and AI are hot sectors
The valuation is expected to be 1 billion before listing, and the futures price on AEVO is around 4u
According to the usual market expectations, the conservative one is 3U and the aggressive one is 8U and above
So Lao Ai thinks that it is not a big problem to push 5-6U. If we go up, we need to make a short-term profit.
However, this IO track requires our long-term attention, and Lao Ai, who is looking for a position to lay out, will make a trading plan after the listing.
5. Airdrop
How to participate in Binance launchpool: [Just look at the picture]
1. Enter Binance Launchpad official website [Mobile app homepage More services Finance launchpool Staking mining]
2. Choose to participate with BNB or FDUSD. To obtain FDUSD, you can choose the flash exchange function in the exchange, or search for spot: FUDSD/USDT trading pair. As the name suggests, use USDT to buy FDUSD. FDUSD is also a stable currency and there is no risk of sudden rise or fall. When you need to exchange it back to USDT, you can also choose the FDUSD/USDT trading pair and click to sell.
3. Double income: Users who hold BNB, whether you put it in financial management or regular deposit, will automatically participate in mining. For details, please visit the BNB income pool. BNB income pool No matter you put BNB in current account or regular deposit, you can automatically participate in mining. Don't worry about this. You can enjoy BNB income and mine automatically at the same time.
There are also new trading activities and new customer acquisition activities. You can find them on Lao Ai’s homepage search, so I won’t elaborate on them here.