Super big news! ! ! !
Powell, the "megaphone" of the Federal Reserve, made a subtle but important shift in the risks facing the Federal Reserve! !
On the evening of July 10, Powell of the Federal Reserve gave a speech saying that the Federal Reserve has made considerable progress in inflation and does not need to wait until the inflation rate is below 2%. This means that the Federal Reserve will no longer postpone the expectation of interest rate cuts if the inflation data is good in the future.
This is definitely a major positive for the crypto market. New coins such as IO series have attracted a rebound. Let me briefly introduce IO.
First of all, IO is the native token of io.net.
On June 11, 2024, io.net completed the first launch of IO coin on Binance Launchpool. As a decentralized computing power platform based on the concept of AI+DePIN, io.net aims to build an on-demand, ready-to-use AI computing power demand market. With the launch of IO, io.net may attract more developers and enterprises to join the ecosystem and jointly promote the development of the platform.
The future of IO's decentralized infrastructure DePIN track
DePIN is becoming an important part of the blockchain and Web3 field. io.net plays an important role in the DePIN track, building an ecosystem between AI and robot learning teams/enterprises and powerful GPU resources around the world. The rise of the DePIN track reflects the application prospects of blockchain technology in the physical world infrastructure. Through its GPU computing power platform, IO not only improves asset utilization but also reduces usage costs, which is especially important for startup AI and game companies. The development of IO may further consolidate the status of cryptocurrency as an important resource and promote the application of the DePIN concept in a wider range of fields.
Long-term value growth: The design of IO tokens is based on three core principles, including a fixed maximum supply, a reward mechanism for suppliers and holders, and a token destruction mechanism, which help maintain the scarcity and value of tokens, thereby promoting long-term value growth.
