Binance, the world's largest cryptocurrency exchange, announced that it will list IO.NET (IO), Launchpool's 55th project. In this article, we will examine IO.NET in detail.
What is IO.NET?
IO.NET provides a platform for researchers and developers to build and test new artificial intelligence models. It also aims to help develop such models. The project creates a decentralized computing network, giving machine learning engineers access to distributed cloud clusters. This offers a significant advantage to developers by providing access to computing resources at much lower costs compared to centralized services.
According to IO.NET's official website, the project provides the GPU, a specialized processor for rendering and processing computer graphics that is 100 times more efficient than its competitors. It also offers GPU services in more than 138 countries around the world and offers more sustainable GPU options through environmentally friendly data center partnerships. IO.NET aims to deliver decentralized and democratic AI computing power with a decentralized cloud that provides scalable GPU access. This innovative platform could provide significant benefits to AI developers and transform AI computing.
What is the Purpose of the IO.NET Project?
IO.NET offers a comprehensive platform for researchers and developers who want to develop and test artificial intelligence models. The project aims to assist and provide support in the development of such models.
According to the company's statement, they are focused on developing institutional-grade trading systems for US exchanges and the cryptocurrency market in June 2022. Their biggest challenge was building the necessary infrastructure for a robust back-end trading system with significant computing power. While they were experiencing problems due to the limitations of traditional computing providers, they delved deeper into the world of âDistributed Computingâ and began to create their own solutions to the lack of computing power.
IO.NET stated that they came across DePIN (Decentralized Physical Infrastructure Network) in their search for this solution. Working with partners such as Solana, Aptos and The Render Network, IO.NET also offers its users the opportunity to earn money with GPU. In this context, the platform also makes it possible to receive fast payments with cryptocurrencies such as Solana and Aptos.
The company states that the high cost of the NVIDIA A100 chip, over $80 per card per day, is a major obstacle to artificial intelligence development. Stating that despite the high costs, artificial intelligence computing requirements increase 10 times every 18 months, IO.NET points out that OpenAI's rental of 300 thousand CPUs and 10 thousand GPUs for GPT-3 is only the beginning of this period. The company emphasizes that they started a revolution with DePIN, with solutions born out of necessity.
IO.NET aims to start a new era in the field of artificial intelligence with its unlimited computing power structure. This project makes significant contributions to the advancement of artificial intelligence technology by providing a powerful and flexible platform for researchers and developers.
Companies Investing in the IO.NET Project
The IO.NET project is backed by support from top industry leaders in the Technology and Web3 industry.
IO.NET has received investments from leading companies in the industry such as Solana Ventures, Multicoin Capital, HackVC, 6MV, OKX, Otoy, Sandbox, Aptos, Protagonist, LongHash, Amber and Animoca Brands. This strong investor network demonstrates IO.NET's potential to develop innovative solutions and achieve widespread adoption.
Who are the Founders and Owners of IO.NET?
According to some sources, IO.NET was founded by Ahmad Shadid, who previously worked as a volunteer at the Ethereum Foundation and is currently the CEO of the company. However, other sources state that the project is not tied to a single founder, but was initiated by a community, and many active developers are currently contributing.
In March this year, IO.NET raised $30 million in funding with the participation of major investors such as Multicoin Capital, 6th Man Ventures, Solana Ventures, OKX Ventures, Aptos Labs, Delphi Digital, The Sandbox and Sebastian Borget.
In the statements made at the time, venture capital firm executive Ed Roman stated that IO.NET enabled its customers to save up to 90% on cloud artificial intelligence costs. At a time when GPU chips are in high demand amid global shortages, this achievement is truly remarkable.
IO.NET processes every transaction between consumer and supplier via blockchain to ensure transparent computing. Solana blockchain is used in this structure.
When Will IO Coin Be Listed?
Binance announced last week that it will list IO with the "seed tag" on June 11 at 15:00 Turkey time with IO/BTC, IO/USDT, IO/BNB, IO/FDUSD and IO/TRY trading pairs. In the statement, it was stated that 20 million of IO, whose total supply is 800 million, will be distributed as a reward in Launchpool. Additionally, 95 million IOs will be released to the market in the first phase.
How to Buy IO Coin?
Buying IO Coin is a very easy process. You can own IO Coin in just a few steps.
Binance will launch IO Coin on June 11. You can purchase IO Coin on this date through both Binance and Binance TR cryptocurrency exchanges.
To purchase IO Coin, you must first open an account at Binance, the world's largest and most reliable cryptocurrency exchange with the highest volume.
Step 1: Binance Account
To register to Binance with a 20% lifetime commission discount and earn a $100 bonus, you can click here and open your registration now for free.
đ https://accounts.binance.com/tr/register?ref=MRHCXYRJ
After opening your discounted Binance account, you can easily carry out trading transactions on many different trading pairs, especially IO/USDT and IO/TRY trading pairs.
Step 2: Binance TR Account
To register for Binance TR with a 20% lifetime commission discount, you can click on the link below and open your registration immediately for free:
đ https://www.trbinance.com/account/signup?ref=DRDIP8TL
After opening your discounted Binance TR account, you can easily trade IO Coin through many different trading pairs, especially IO/USDT and IO/TRY trading pairs.
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