Coin Profile #4

IO.NET Coin

Io.internet is a decentralized AI computing & cloud platform. By aggregating GPU deliver from underutilized sources, io.internet creates a community that lets in system learning (ML) startups to get entry to almost limitless computing strength at a fragment of the fee of the conventional cloud.

IO is the local software token of io.internet, and used withinside the following functions:

Payment Currency: Payments & transactions prices in the io.internet environment, along with purchasing / imparting underutilized GPU computing strength, deploying GPU clusters.

Staking: Users can take part in community security & earn percentage of idle GPU rewards, through either:

Delegate staking $IO tokens with a node in their choice.

Directly staking more $IO tokens to function on their personal node.

Governance: The IO token allows holders to take part withinside the governance of the IO Grants DAO through proposing, vote casting on, and imposing provide proposals that manual the allocation of budget and strategic route of the Internet of GPUs Foundation.

As at June sixth 2024, the constant most deliver is 800,000,000 tokens & genesis deliver at TGE is 500,000,000 tokens. The circulating deliver upon list might be 95,000,0000 (19.00% of the genesis token deliver).

Currently staking on Binance, It is going to be bigger hit as per my estimation as it is involving ML and many Computer Hardware related projects.

This is my analysis, DYOR

Happy Investing