Introduction:
io.net is a decentralized AI computing and cloud platform that aggregates underutilized GPU resources, providing affordable and scalable compute power for ML startups.
Token Functions:
- Payment: For transactions within the io.net ecosystem.
- Staking: Users can stake IO tokens to secure the network and earn rewards.
- Governance: Token holders participate in governance decisions.
Core Elements:
- io.net: Maintains the IOG Network and builds related products.
- O Cloud: Virtualizes scalable GPU clusters.
- IO Worker: Manages GPU node operations.
- O ID: Universal identity management.
- IOG Network: Decentralized network of GPU nodes.
- IOG Framework: SDK for deploying products on the IOG Network.
Funding:
Raised $40MM USD in private sales, with a recent $1B USD valuation. Maximum token supply is 800M, with a circulating supply of 95M upon listing.
Key Metrics:
- Token Name: $IO
- Type: SPL
- Initial Circulating Supply: 95M (19% of Genesis supply)
- Genesis Token Supply: 500M
- Maximum Token Supply: 800M
- Binance Launchpool Allocation: 20M (4% of Genesis supply)
- Launchpool Start Date: June 7th, 2024
Mission:
io.net aims to provide a decentralized cloud computing network, addressing GPU shortages and high costs by leveraging underutilized GPUs.
Technical Infrastructure:
- Batch Inference & Model Serving
- Parallel Training
- Parallel Hyperparameter Tuning
- Reinforcement Learning
Token Sales and Economics:
- Genesis Token Supply Allocation: 500M Tokens
- Maximum Token Supply Allocation: 800M Tokens
Roadmap & Updates:
- 2023 Q2: Completed seed fundraise.
- 2023 Q3: Demoed at Ray Summit.
- 2023 Q4: Public launch and BC8.AI project.
Partners:
- Supply Side: Aethir, Exabits, Hiveon, Aurory
- Demand Side: Krea, Nibiru, Ritual, Space and Time, Quai Network