Dear my fellows Binancians,
As BNB reach it's all time high, Binance announce Launch 55th Launchpool, IO.net. A decentralized computing platform designed to provide scalable, cost-effective, and efficient GPU resources for machine learning and artificial intelligence applications; Developed for Large - Scale AI Startups. Sounds interesting? Wait until you find the potential on this ecosystem. In my personal opinion in might be bigger than $RNDR
IO.net: Solves GPU & CPU Problem
Today, access to GPUs and CPUs are restricted due to scarce resources relative to the growth in demand. Driven by extraordinary growth in industries like AI and machine learning, the demand for compute is enormous, but also creates limited access for people who have limited resources.
To solve this, io.net is building IOG Network, a decentralized “Internet of GPUs” that is powered by millions of distributed nodes operated by consumers, crypto miners, and independent enterprise grade data centers. This network will become progressively decentralized and governed by the users and operators in the network. IO.net enabling democratized, permissionless access to on-demand AI compute for builders around the globe.
Imagine if you have a PC that sitting idle for most of the day. It could become a contributor to a vast pool of processing power. Institution with underutilized machines, even crypto miners could join the network. This collective force becomes a democratized GPU & CPU, accessible to anyone with an internet connection.
Simply put, IO.net is a global marketplace to rent GPU / CPU Power!
Because it's nature as decentralized GPU global marketplace, It's governed & powered by one single token: $IO.
IO Coin: AI Compute Currency
As stated in it's whitepaper, computing power is the new “Digital Oil”. If compute is “digital oil”, it needs a petro-dollar to act as a transaction and settlement standard for the commodity that powers the most innovative industries of today from AI to autonomous vehicles
io.net is creating that standard, $IO, to be the currency of compute, powering an ecosystem of products and services that enable access to compute as a resource and asset.
IO Coin is a digital currency, backed by computing power!
IO Mission is to become the universal compute exchange medium for users and enterprises worldwide. The usecase is for token governance & payment system in IO.net ecosystem.
It also backed by prominent names in web3 space such as Hack VC , Animoca Brands, Multicoin Capital, OKX Ventures, Delphi Digital, and many more!
IO max supply is 800,000,000 $IO with initial supply 500,000,000 IO. Initial circulate supply when launch on Binance is 95,000,000 IO.
$IO allocated to investors are restricted for three years. Transfer restrictions are released from $IO in 24 equal tranches at the end of the 13th month until the end of the 36th month anniversary of the Initial Distribution Date.
$IO allocated to employees of io.net Inc. are restricted for a four years. Transfer restrictions are released from $IO in 36 equal tranches at the end of the 13th month until the end of the 48th month anniversary of the Initial Distribution Date
Earning $IO
There are three ways to earn $IO on io.net:
Supply hardware to the network and maintain its availability to earn an hourly reward.
If your GPU/CPU are hired by a User, resulting in an hourly Hire Fee
Stake $IO as collateral to nodes in the network and earn a share of the nodes hourly.
Please refer to IO.net official website if you want to find out more.
Similiar Projects
I would like to put $IO in DePin sector. The fastest growing sector in this cycle. This is 3 project that have similarity with $IO.
$RNDR Marketcap $3.7B, FDMC: $5,1B
$AR Marketcap $2.5B, FDMC: $2,6B
$FIL Marketcap $3,5B FDMC: $12,4B
$IO is already priced in $4.73 in pre-market trading. Whick makes it's FDMC around $3,7B.
Binance Launchpool
Binance launchpool is a way to earn "free money" with your $BNB & $FDUSD. Simply stake your $BNB or $FDUSD on launchpad page. You can find 2 different pools.
FDUSD Pool
Simply stake your $FDUSD and share 3,000,000 $IO with all participants.BNB Pool
Simply stake your $BNB and share 3,000,000 $IO with all participants.
Farming Period 4 days only. 6 July 2024 (00:00 UTC) until 10 July 2024 (23:59 UTC)
IO In One Pager
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