### Introduction to io.net
Binance Launchpool’s 55th project, io.net, is poised to revolutionize the cloud computing landscape. io.net leverages decentralized AI computing to maximize GPU power utilization, offering an affordable and scalable solution for the rising demand in AI applications.
#### 1.1 Project Mission & Value Proposition
**Project Mission**
io.net aims to create a globally accessible, decentralized cloud computing network that offers flexible, affordable, and permissionless access to computing power. This network addresses the increasing demand for GPU capacity driven by AI advancements.
**Value Proposition**
Traditional cloud computing faces challenges like high costs, limited availability, and long wait times. io.net tackles these issues by aggregating GPUs from underutilized sources, such as idle crypto mining farms and independent data centers, cutting costs by up to 90% compared to centralized providers. This approach not only reduces expenses but also optimizes resource utilization.
### Technical Infrastructure
io.net’s platform is built to support several critical functions essential for modern AI and machine learning workflows.
#### 2.1 Batch Inference and Model Serving
io.net enables efficient batch inference by distributing tasks across a network of GPUs, improving the speed and scalability of AI applications.
#### 2.2 Parallel Training
By leveraging distributed computing libraries, io.net orchestrates and batch-trains jobs across multiple devices. This method alleviates bottlenecks caused by CPU/GPU memory limitations, enhancing training efficiency through data and model parallelism.
#### 2.3 Parallel Hyperparameter Tuning
Hyperparameter tuning is made more effective with io.net’s advanced distributed computing libraries, which optimize scheduling and checkpointing to ensure the best results.
#### 2.4 Reinforcement Learning
Using an open-source reinforcement learning library, io.net supports highly distributed RL workloads, simplifying the development and deployment of complex RL models through a user-friendly API.
### Token Sales and Economics
Understanding the tokenomics of io.net is crucial for potential investors and participants.
#### 3.1 Token Distribution
- **Genesis Token Supply (500MM Tokens):**
- Private Sales: 36.24%
- Public Launch: 19.00%
- Team & Advisors: 15.76%
- Ecosystem & Treasury: 29.00%
- **Maximum Token Supply (800MM Tokens):**
- Private Sales: 22.65%
- Public Launch: 11.88%
- Team & Advisors: 10.50%
- Ecosystem & Treasury: 55.00%
#### 3.2 Token Release Schedule
The token release schedule is designed to ensure controlled distribution, promoting long-term ecosystem stability and growth.
### Roadmap & Updates
io.net has achieved significant milestones and continues to progress towards its future goals.
#### 4.1 Completed Milestones
- **2023 Q2:** Completed seed fundraise round.
- **2023 Q3:** io.net became the first open compute client on the Render network.
- **2023 Q4:** Public launch at Solana Breakpoint, launched BC8.AI, and won awards at the 2023 Inventions Asia Awards.
### Token Utility and Use Cases
The IO token plays a crucial role within the io.net ecosystem.
#### 5.1 Payment Currency
The IO token is used for transactions within the io.net platform, such as purchasing and supplying GPU computing power.
#### 5.2 Staking
Users can stake IO tokens to participate in network security and earn rewards, either through delegate staking or by operating their own nodes.
#### 5.3 Governance
IO token holders can engage in the governance of the IO Grants DAO, influencing the allocation of funds and strategic direction.
### io.net Ecosystem Components
#### 6.1 io.net
The company behind the IOG Network, developing and maintaining the platform and its services.
#### 6.2 IOG Network
A decentralized infrastructure network of independently operated hardware nodes providing on-demand compute power.
#### 6.3 IOG Framework
An open-source SDK that enables developers to build and deploy products on the Internet of GPUs.
### Financial Metrics
As of June 6, 2024:
- **Token Name:** IO
- **Token Type:** SPL
- **Initial Circulating Supply:** 95,000,000 (19% of Genesis supply)
- **Genesis Token Supply:** 500,000,000
- **Maximum Token Supply:** 800,000,000
- **Binance Launchpool Allocation:** 20,000,000 (4% of Genesis supply / 2.5% of Maximum supply)
### Binance Launchpool Participation
Starting June 7, 2024, users can stake their BNB and FDUSD in separate pools to farm IO tokens over four days. BNB has seen a 19% gain in early June, outperforming the overall crypto market.
### Summary
io.net offers an innovative, decentralized solution for GPU computing, addressing the high demand for affordable AI infrastructure. By aggregating underutilized GPU resources, io.net provides scalable, cost-effective compute power, making it an appealing option for AI startups.
### Personal Opinions and Predictions
#### Price Predictions and Use Cases
As io.net continues to develop and expand its ecosystem, the demand for IO tokens is expected to grow. The unique value proposition of affordable and scalable GPU power positions io.net as a significant player in the AI and cloud computing markets.