💥 io.net is revolutionizing the AI and cloud computing landscape by aggregating GPU supply from underutilized sources. This innovative approach creates a network that offers machine learning (ML) startups nearly unlimited computing power at a fraction of the cost of traditional cloud services.

💥The IO Token: A Core Component of the io.net Ecosystem

The native utility token of io.net, known as IO, serves several essential functions within the platform:

💥Payment Currency:

Facilitates payments and transaction fees within the io.net ecosystem.

Used for purchasing and supplying underutilized GPU💻 computing power.

Essential for deploying GPU clusters.

💥Staking:

Users can enhance network security and earn rewards from idle GPUs by staking IO tokens.

Delegate Staking: Stake IO tokens with a chosen node.

Direct Staking: Operate their own node by staking more IO tokens.

💥Governance:

IO token holders participate in the governance of the IO Grants DAO.

They can propose, vote on, and implement grant proposals, guiding the allocation of funds and the strategic direction of the Internet of GPUs Foundation.

💥Core Elements of the IO Ecosystem💥

The IO ecosystem is built around several key components:

io.net: The development company responsible for maintaining the IOG Network and building related products and services, such as:

O Cloud: A cloud platform enabling developers to virtualize infinitely scalable and configurable clusters on demand using the compute capacity of the IOG Network.

IO Worker: A user-friendly interface for managing GPU node operations effectively through an intuitive web app.

O ID: A universal identity management system for the IO Ecosystem.

IOG Network (Internet of GPUs): A decentralized physical infrastructure network of independently operated, geo-distributed hardware nodes providing permissionless access to on-demand compute power.

IOG Framework: An open-source, developer-friendly SDK that allows builders to deploy products and services on the Internet of GPUs.

💥Financial Overview and Token Supply💥

io.net has successfully raised $40 million USD from two rounds of private sales, achieving a recent valuation of $1 billion USD. This funding represents 36.24% of the genesis token supply and 22.65% of the maximum token supply.

As of June 6, 2024, the tokenomics are as follows:

Fixed Maximum Supply: 800,000,000 tokens

Genesis Supply at TGE (Token Generation Event): 500,000,000 tokens

Circulating Supply upon Listing: 95,000,000 tokens (19.00% of the genesis token supply)

With its innovative approach to decentralized AI computing, io.net is poised to make a significant impact on the cloud computing industry, offering scalable, cost-effective solutions to ML startups and beyond.

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