Hello ,
In yesterday's VIP Weekly Briefing video, I mentioned that I was watching a coin in the DePin field and was ready to buy it. This coin is $IO.
Looking at the price today, it has soared a lot. I personally don’t like chasing the rise. I plan to gradually build a position with DCA and establish a position below $6. I did not participate in the previous airdrop mission. (This is not an investment advice)
io.net is a decentralized physical infrastructure network (DePIN) built on the Solana blockchain. Its main goal is to create an "Internet of GPUs" by aggregating globally distributed GPU computing power from various sources such as crypto miners, data centers, and individual users. This aggregated GPU power will then be made available to AI engineers and companies for training AI models or running inference tasks.
Important points about io.net:
🌐 It aims to build a decentralized GPU computing power market to promote cost-effective and scalable AI/ML development and deployment.
💰 io.net has successfully completed a $30 million Series A funding round led by well-known investors including Hack VC, Multicoin Capital, and Solana Ventures.
🪙 The native token of the project is IO, the total token supply is capped at 800 million, and 500 million tokens are initially allocated at launch.
🏆 The remaining 300 million tokens will be distributed as rewards to GPU providers and stakers over 20 years, following a deflationary model with an annual inflation rate of 8%.
🔥 io.net will implement a token burning mechanism using revenue generated by the network to create deflationary pressure and stabilize the IO token supply.
🌍 IO tokens will facilitate economic activity within the io.net ecosystem, including GPU rental payments, cloud gaming, and staking rewards.
💡 io.net claims to offer AI startups up to 90% cost savings compared to major public cloud platforms.
📈 The project has onboarded over 25,000 nodes and provided over 47,000 hours of compute time to customers, paying over $300,000 to network providers.
io.net aims to unlock the potential of distributed GPU resources by incentivizing participation through its token economy, providing cost-effective and scalable solutions for the growing computing needs of the AI industry.
About the selling pressure of unlocking? IO has unlocked 12% so far, and there is still 87% selling pressure with unlocking, which is very dangerous! In 25 days, the selling pressure of unlocking will be opened again. All new coins are like this. It is not a buying recommendation. Keep an eye on it.
Disclaimer: This is not financial advice and the information in this article is for educational purposes only. This article is not sponsored or affiliated with any token, team, or protocol. It is important to do your own research and not invest more money than you can afford.