IO.NET AI 🤖
IO.NET was founded in 2019 by Ahmad Shadid and Matej Tomazin. The company focuses on creating a decentralized GPU cloud platform for machine learning and AI applications. It aims to leverage underutilized GPUs to provide cost-effective computing power for startups and smaller enterprises. IO.NET is headquartered in New York, NY, and has a total of 73 employees as of 2024.
GPU 👀
A decentralized GPU cloud platform is a network that aggregates underutilized graphics processing units (GPUs) from various sources to provide distributed computing power for intensive tasks, such as AI and machine learning. Unlike traditional cloud services, which rely on centralized data centers, a decentralized platform utilizes GPUs from multiple independent nodes, increasing resource availability and reducing costs. This setup allows for scalable and efficient processing, enabling smaller enterprises and startups to access powerful computing resources without the high costs associated with centralized providers.
A decentralized GPU cloud platform is a network that aggregates underutilized graphics processing units (GPUs) from various sources to provide distributed computing power for intensive tasks, such as AI and machine learning. Unlike traditional cloud services, which rely on centralized data centers, a decentralized platform utilizes GPUs from multiple independent nodes, increasing resource availability and reducing costs. This setup allows for scalable and efficient processing, enabling smaller enterprises and startups to access powerful computing resources without the high costs associated with centralized providers.
The IO.NET token, abbreviated as IO, is a new decentralized AI computing and cloud platform token. It aggregates underutilized GPUs to create a network for machine learning startups, offering them computing power at a reduced cost. The IO.NET platform operates on the Solana blockchain and has recently been listed on Binance Launchpool, allowing users to stake BNB and FDUSD to farm IO tokens.
The total token supply at launch is 500 million IO, with a maximum supply of 800 million. Initially, 95 million tokens are available, with 20 million allocated for Binance Launchpool rewards. Trading pairs for IO include IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY.
The tokenomics of IO.NET's native token, IO, are designed to support the decentralized GPU cloud platform. Here are key points:
1. Total Supply: 800 million IO tokens.
2. Initial Distribution: 95 million tokens available at launch, with 20 million allocated for Binance Launchpool rewards.
3. Allocation: Tokens are distributed among various stakeholders, including team, investors, ecosystem incentives, and community rewards.
4. Usage: IO tokens are used for transactions within the network, paying for compute resources, and incentivizing participants.
For more details, refer to the official documentation or announcements from IO.NET www.https://io.net/
$IO $SOL $BNB

In the ever-evolving world of technology, blockchain has emerged as a groundbreaking innovation with the potential to transform various industries. However, for many, the technical complexities and high costs associated with blockchain technology can be daunting. This is where Blockchain as a Service (BaaS) comes into play, making it easier for businesses and individuals to leverage the power of blockchain without needing extensive technical knowledge or substantial financial investment.
What is BaaS?
Blockchain as a Service (BaaS) is a cloud-based service that allows users to develop, host, and manage their own blockchain applications, smart contracts, and functions on a blockchain infrastructure that is provided by a third-party vendor. This third-party vendor typically handles the complex backend operations, including the infrastructure management and maintenance, while users can focus on their blockchain projects and applications.
How Does BaaS Work?
BaaS operates similarly to other cloud-based services like Software as a Service (SaaS). Here’s a step-by-step breakdown of how it works:
1. Selection of a BaaS Provider: The first step is to choose a BaaS provider. There are several reputable providers such as Microsoft Azure, IBM Blockchain, and Amazon Web Services (AWS). These providers offer various tools and services to help users build and manage their blockchain applications.
2. Subscription and Setup: After selecting a provider, users typically subscribe to the BaaS service, which may involve setting up an account and choosing the specific blockchain technology they wish to use (e.g., Ethereum, Hyperledger Fabric).
3. Development: Users can then start developing their blockchain applications using the tools and platforms provided by the BaaS provider. These tools often include development environments, pre-configured networks, and templates to streamline the process.
4. Deployment: Once the application is developed, it can be deployed on the blockchain network managed by the BaaS provider. The provider handles the deployment process, ensuring that the application runs smoothly and securely.
5. Management and Maintenance: The BaaS provider takes care of ongoing maintenance, updates, and management of the blockchain infrastructure. This includes tasks such as monitoring the network, ensuring security, and managing resources.
Benefits of BaaS
BaaS offers several key benefits, making it an attractive option for businesses and individuals interested in blockchain technology:
1. Cost-Effective: By leveraging a third-party provider, users can avoid the high costs associated with setting up and maintaining their own blockchain infrastructure.
2. Ease of Use: BaaS providers offer user-friendly interfaces and tools, making it easier for users to develop and manage blockchain applications without needing deep technical expertise.
3. Scalability: BaaS solutions are scalable, allowing users to easily adjust their blockchain resources based on their needs. This flexibility is crucial for growing businesses.
4. Security: Reputable BaaS providers implement robust security measures to protect the blockchain network and applications, giving users peace of mind.
5. Focus on Innovation: With the technical complexities handled by the BaaS provider, users can focus on innovating and developing unique blockchain solutions for their specific use cases.
Use Cases for BaaS
BaaS can be applied in various industries and use cases, including:
- Supply Chain Management: Blockchain can enhance transparency and traceability in supply chains, helping businesses track products from production to delivery.
- Finance: Financial institutions can use blockchain for secure and efficient transactions, reducing fraud and operational costs.
- Healthcare: Blockchain can improve data security and interoperability in healthcare, enabling secure sharing of patient information.
- Government: Governments can use blockchain for secure voting systems, identity verification, and transparent record-keeping.
Did you know?
Blockchain as a Service (BaaS) is a game-changer for those interested in exploring blockchain technology without the burden of complex technical setup and high costs. By choosing a reliable BaaS provider, businesses and individuals can harness the power of blockchain to innovate and improve their operations. Whether it's enhancing supply chain transparency, securing financial transactions, or revolutionizing healthcare data management, BaaS opens up a world of possibilities for blockchain applications.
FAQs?
1. What is Blockchain as a Service (BaaS)?
BaaS is a cloud-based service that allows users to develop, host, and manage blockchain applications and smart contracts on a third-party infrastructure. This helps users leverage blockchain technology without dealing with the complexities of setup and maintenance.
2. How does BaaS differ from traditional blockchain development?
In traditional blockchain development, users need to set up and maintain their own blockchain infrastructure, which can be complex and costly. BaaS providers handle these tasks, allowing users to focus on developing their applications while the provider manages the backend infrastructure.
3. Who are some leading BaaS providers?
Leading BaaS providers include Microsoft Azure, IBM Blockchain, Amazon Web Services (AWS), Oracle Blockchain, and SAP. These companies offer various tools and platforms to support blockchain development.
4. What types of blockchain networks can I use with BaaS?
BaaS providers typically support multiple blockchain technologies, including Ethereum, Hyperledger Fabric, Corda, Quorum, and more. Users can choose the blockchain network that best suits their needs.
5. Is BaaS secure?
Reputable BaaS providers implement robust security measures to protect the blockchain network and applications. This includes encryption, access control, and regular security updates. However, users should also follow best practices to ensure their applications are secure.
6. How much does BaaS cost?
The cost of BaaS varies depending on the provider and the specific services used. Most providers offer a subscription model, with fees based on the level of usage, the number of transactions, and the amount of storage required. It’s important to review the pricing details of each provider to understand the costs involved.
7. Can I scale my blockchain applications with BaaS?
Yes, BaaS solutions are designed to be scalable. Users can easily adjust their resources and scale their applications based on demand. This flexibility is beneficial for businesses experiencing growth or varying levels of blockchain activity.
8. What kind of support is available with BaaS?
BaaS providers typically offer various levels of support, including technical support, documentation, tutorials, and community forums. Some providers also offer professional services to help with development, deployment, and optimization of blockchain applications.
9. Do I need to be a blockchain expert to use BaaS?
No, one of the main advantages of BaaS is that it simplifies the process of using blockchain technology. While some basic understanding of blockchain concepts is helpful, BaaS providers offer user-friendly tools and resources to help users develop and manage their applications without needing deep technical expertise.
10. What industries can benefit from BaaS?
BaaS can benefit a wide range of industries, including supply chain management, finance, healthcare, government, and more. Any industry that can benefit from enhanced transparency, security, and efficiency can leverage BaaS to implement blockchain solutions.
11. Can BaaS support smart contract development?
Yes, BaaS platforms typically support the development, deployment, and management of smart contracts. Users can write and deploy smart contracts on the blockchain networks supported by their chosen BaaS provider.
12. What are some real-world examples of BaaS applications?
Real-world examples of BaaS applications include supply chain tracking, secure financial transactions, digital identity verification, voting systems, and healthcare data management. These applications demonstrate the versatility and potential of blockchain technology across different sectors.
$BTC $BNB $SOL
#CryptoNewsCommunity #ton_blockchain

BTCFi stands for Bitcoin Finance, a decentralized financial ecosystem built on the Bitcoin blockchain. It aims to provide financial services like lending, borrowing, and trading directly on the Bitcoin network without the need for intermediaries. This system leverages smart contracts and other blockchain technologies to create a secure, transparent, and efficient financial environment for Bitcoin users.
This is Unlocking BTCfi #1 — a fresh take on Core’s journey to the center of BTCfi.
With so much happening in the world of Core, let’s dive deeper into some of the big picture things happening with Core and how it’s all unlocking over $1.3 trillion in BTC value and bring BTCfi to life. That’s what we’ll do in this weekend’s newsletter, brought to you every other Friday. And don’t forget, for all the updates on the Core ecosystem, check out the newly launched newsletter by Token Relations! This is the first issue, so view it as an intro diving into one of Core’s most unique offerings, the first-ever implementation of Non-Custodial BTC Staking.
Core is the first ecosystem to bring Defi to Bitcoin w/ Non-Custodial Bitcoin Staking
Over 1,600 BTC staked worth +$100 Million
That’s right, Core is quickly becoming the go-to network for Bitcoin’s most basic function: HODLing. Core enables Bitcoin users to continue to hold their BTC on Bitcoin, while now also earning yield Naturally, Core is becoming a popular place for Bitcoin storage. While Bitcoin remains the ultimate store of value, Core blockchain is where the magic happens — where staked BTC secures a vast ecosystem of Bitcoin financial applications. With Core, staking is only the beginning. BTC storage may be best on Bitcoin rails, but Core is the future of where Bitcoin value is created, sent, and shared.
Bitcoin is Strengthening the Core Network
Bitcoin staking is a game-changer for the Core ecosystem’s security and utility. By adding BTC staking to Satoshi Plus, Core can gradually benefit from Bitcoin’s $1T+ value storage, bolstering security to Core dapps, CORE holders, and the broader ecosystem. As Core becomes the go-to destination for BTC value, the Core ecosystem becomes the perfect playground for all things Bitcoin. Liquidity, innovation, and utility continue to grow. BTC Staking is the first step towards Core becoming the end-to-end destination for Bitcoin finance by introducing Bitcoiners and their BTC to Core. With Core, BTC is doing something it’s never done before: earning yield. The next step is unlocking more utility to BTC by introducing it to a holistic financial landscape fine-tuned for Bitcoiners. As liquid BTC staking and other mechanisms encourage more BTC to flow onto Core blockchain rails, the Core ecosystem grows even stronger. With BTC flowing into Core dapps, BTC DeFi liquidity can live on Core. Every major on-chain financial action a Bitcoiner commits can deliver value to the Core network and Bitcoin network alike. The CORE token becomes the gas token for Bitcoin finance. Digital Gold (BTC) has met its digital oil (CORE) counterpart. Even further down the line, Core’s BTC Staking can continue to unlock value for the Core ecosystem, particularly with BTC restaking. In the future, BTC staked with Core can be reused to secure other platforms, creating new rewards streams to flow back to Satoshi Plus participants. If Core is the primary driver of this BTC-secured multi-chain future,s Core will be the most valuable security provider in the blockchain universe.
Bitcoin reads:
- DeFi Tech Global Subsidiary Valour Funds Introduces World’s First and Only Yield Bearing BTC ETP in Collaboration with Core Foundation, to German Investors. Dive in!
- Germany’s Deutsche Telekom looking to mine Bitcoin, Chinese telecom Coolpad adds hashrate. Read more.
- Bitcoin staking is now available on Element Wallet, Initially built for Core participants, Element provides a simple, safe, and fun Web3 mobile interface for everyone.
- Core’s BTCfi Summer Hackathon is accepting applications. Apply here.
BTW — If you want to learn more about Bitcoin DeFi and how Core blockchain makes it possible from a technical perspective, read the vision paper, https://www.coredao.org by Core. Stay tuned for more exciting updates in the next edition of Unlocking BTCfi!
$BTC $BNB $SOL

What is ETF?
An Exchange-Traded Fund (ETF) is an investment fund that is traded on stock exchanges, similar to stocks. ETFs hold assets such as stocks, commodities, or bonds, and typically operate with an arbitrage mechanism designed to keep their trading close to their net asset value. They offer the diversification benefits of mutual funds but with the flexibility and liquidity of individual stocks. Investors can buy and sell ETF shares throughout the trading day at market price, which can fluctuate like the price of individual stocks.
Relationship Between EFT & Cryptography:
The relationship between ETFs and cryptocurrency primarily revolves around cryptocurrency ETFs, which are investment funds that track the value of one or more cryptocurrencies and trade on traditional stock exchanges. Here are the key points of their relationship:
Cryptocurrency ETFs:
1. Definition:
- Cryptocurrency ETFs are ETFs that aim to provide exposure to the price movements of cryptocurrencies like Bitcoin, Ethereum, or a basket of various cryptocurrencies.
2. Types of Cryptocurrency ETFs:
- Physical Cryptocurrency ETFs: These hold the actual cryptocurrencies in the fund.
- Futures-based Cryptocurrency ETFs: These invest in futures contracts of cryptocurrencies rather than the cryptocurrencies themselves.
- Hybrid or Synthetic ETFs: These use derivatives and other financial instruments to replicate the performance of cryptocurrencies.
3. Benefits:
- Accessibility: They make it easier for investors to gain exposure to cryptocurrencies without needing to directly buy, store, and secure the digital assets.
- Regulation and Security: Trading cryptocurrency ETFs through regulated exchanges provides an additional layer of security and regulatory oversight.
- Diversification: They can offer exposure to multiple cryptocurrencies, reducing the risk associated with investing in a single digital asset.
- Simplicity: ETFs can be traded using standard brokerage accounts, avoiding the complexities of cryptocurrency wallets and exchanges.
…To be continued!