Binance's latest launchpool project IO @ionet - valued at 1 billion

Analysis and price prediction of popular track projects of AI+Depin

#Binance launchpool is basically mined in less than 4 days every time it goes online, which is enough to show the market recognition and trust of Binance launchpool and BNB. Friends who want to participate should rush early every time they mine, and the comprehensive income is also around 40%. Trust is the most precious gift of WEB 3. Waiting for the launch and opening tonight at 20:00!

1️⃣Project Introduction

http://io.net is a decentralized artificial intelligence computing and cloud platform. By aggregating the underutilized GPU resources of independent data centers, idle crypto mining farms and consumers, a network is created to enable machine learning (ML) startups to obtain almost unlimited computing power at a fraction of the cost of traditional clouds.

2️⃣Financing Background

In May 2023, the seed round of financing was completed, with a financing of US$10 million, and the investment institutions have not yet been announced. In 2024, the A round of financing was completed with a financing amount of US$30 million and a valuation of US$1 billion, invested by Hack VC, Multicoin Capital, 6th Man Ventures, Delphi Digital, Foresight Ventures, Animoca Brands, Solana Ventures, Aptos and other institutions.

3️⃣ Project advantages

Cost-effective GPU resources: Through a decentralized GPU resource network, IO Cloud provides large-scale and affordable computing power. Compared with traditional cloud computing services, computing costs can be reduced by up to 90%, making AI and ML projects more affordable.

4️⃣ Token distribution

Halving mechanism:

2024 to 2025: 6,000,000 $IO tokens will be released each year.

2026 to 2027: The annual release amount will be halved to 3,000,000 $IO tokens.

2028 to 2029: 1,500,000 $IO tokens will be released each year.

5️⃣ Project Evaluation

Web3 is too eager for this narrative. AI+Depin is a hot project in the hot track. In the past two years, more and more capital and market have realized that AI and Depin are integrated and coexist, especially GPU leasing, which is the favorite positioning among a number of Depin projects. As for io net itself, I think it is still a good project. The vision is very grand. If it succeeds, it is likely to become the core matching infrastructure and value settlement layer of the global GPU computing power ecosystem. From this narrative, there will be a valuation premium.

I think the IO opening price of 5-8u is more reasonable.