A project that helps aggregate GPU supply from underutilized sources, io.net creates a network that allows machine learning (ML) startups to access computational power at a good cost . The io.net project is valued at up to 1 billion USD. This is the 55th project on Binance Launchpool.
![](https://public.bnbstatic.com/image/pgc/202406/6d9c0cba7af84c03736d0c3a6d70a709.png)
In an era where AI is a hot trend, meeting many people's needs and desires. Bringing people from one surprise to another. AI becomes an expert in many fields, can easily give good, complete and accurate answers. AI applications are just starting to explode, and will continue to be hot for a long time. Startup projects are starting to spring up like mushrooms after the rain to provide applications or embed AI. The problem of the cost of using training servers and AI computing can discourage startups because it is quite expensive. io.net was born to help reduce the cost a lot for the above problem.
The io.net project, one of the leading projects in this field, has successfully raised capital and raised its valuation to 1 billion USD.
What is io.net project?
io.net is a DePIN project built on Solana infrastructure. io.net is a decentralized cloud and AI computing platform. By aggregating GPU resources from underutilized resources, io.net creates a network that gives machine learning (ML) startups access to virtually unlimited computing power at a fraction of the cost of traditional clouds like Google, AWS, or Azure.
This is a project with high practical application, hot trend, and methodical investment; even the domain name io.net is a rare domain name (short 2 characters, .net belongs to the high-end tlds set), which also shows that the team is quite dedicated to this project.
Highlights of io.net
Decentralized Cloud System: io.net leverages the power of idle GPUs from various sources such as data centers, coin mining devices & crypto projects to form a decentralized marketplace for computing power. This helps expand access to GPU resources for AI & ML companies, while enhancing the security and transparency of the system.
Cost savings: io.net helps AI and ML companies save up to 90% on computing costs compared to traditional cloud services like Google Cloud, AWS or Azure.
High Performance: io.net uses parallel execution to optimize performance and scale machine learning models. This helps to increase the processing speed & scalability of AI/ML projects,
Information transparency: io.net uses the Solana blockchain to ensure transparency in transactions and data access. Users can easily track and control their resource usage.
Easy to use: io.net offers a simple and easy-to-use interface for both beginners and experienced users. At the same time, the project also uses advanced security technologies to protect user data.
io.net products
IO Cloud: a cloud service for deploying and managing GPU clusters. The platform offers high customization, allowing users to freely choose cluster type, usage, deployment region, and integrate with popular Machine Learning (ML) services such as TensorFlow and PyTorch.
![](https://public.bnbstatic.com/image/pgc/202406/2091de4c9af7029dc24f461386bfece5.png)
IO Worker: is a GPU monetization service provider platform. They allow users to rent GPUs through io.net and receive payment in IO tokens.
![](https://public.bnbstatic.com/image/pgc/202406/78bc33e9a06b5ce492d90a8baba0106d.png)
IO Explorer: io.net's blockchain explorer. Monitor network health, view active GPUs, compare GPU service prices, find suitable GPU service providers
![](https://public.bnbstatic.com/image/pgc/202406/53fd8eff7ed1daab71e498b33a6c4de5.png)
IO Marketplace: Buy and Sell GPU Resources
IO Developer Tools: A set of developer tools for building applications on the io.net platform.
Basic information about IO tokens
Token Name: IO
Token Type: SPL
Initial Circulating Supply: 95,000,000 (19% of total token supply at Genesis)
Total token supply at Genesis: 500,000,000 IO
Maximum total supply: 800,000,000 IO
Binance Launchpool Allocation: 20,000,000 (4% of total token supply at Genesis)
Binance Launchpool Start Date: 06/07/2024
Token allocation ratio
IO Tokens are distributed in the following proportions:
Community - 50%: Includes initial airdrop, future rewards and incentives, node operators.
R&D and Ecosystem - 16%: Allocated to IOG Foundation, development team, and ecosystem research and development activities.
Seed Round - 12.5%.
Series A Round - 10.2%.
Initial Contributors - 11.3%: Members of the Io.Net company, the first contributors of the IOG Network.
IO Token Application
Payment: IO Token is the primary means of payment in the io.net ecosystem, allowing startups and developers to easily pay for cluster deployments and other services on the network.
Model Development: IO Tokens provide access to the IO SDK, a set of tools that support model development, ensuring the process is run transparently and fairly.
Model Training: IO Token helps optimize machine learning, AI model training... through integration with io.net infrastructure.
Publish and monetize deployed models: IO tokens incentivize the publishing of models on io.net, and reward model developers when others use their models.
Progress of trade and business development
io.net has over 50 commercial and business development partners
Suppliers: Aethir, Exabits, Hiveon, Aurory...
Notable Clients: Krea, Nibiru, Ritual, Space and Time, Quai Network
Binance Launchpool IO
Binance has just announced the 55th project on Binance Launchpool called Io.net (IO).
Users will be able to stake BNB and FDUSD into separate pools to farm IO tokens for four days, starting from 07:00 on June 7, 2024 (UTC). Stake BNB: Reward is 17,000,000 IO (85%) and Stake FDUSD: Reward is 3,000,000 IO (15%)
Binance will then list IO at 2024/06/11 12:00 (UTC) and open trading for IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY pairs. Seed tokens will be applied to IO.
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