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Io.net is a decentralized Physical Infrastructure Network (DePIN), offering AI machine learning engineers distributed solutions for accessing computing power.Ā
It acts as a computing power marketplace for machine learning engineers and network contributors, allowing users to provide their computing power and storage in exchange for rewards. On the other side, Io.net allows AI engineers to consume it for a fee paid inĀ io.net coinĀ $IOĀ to the ionet crypto network.
io.net token:Ā $IO is the utility and governance token of the io.net crypto network, which is used for staking, delegating, paying fees by computing power consumers, rewarding node runners, and granting access to the DAO votings within the platform.
Since its inception in 2022, the company has managed to raise an impressiveĀ $40MĀ from top tier funds including Delphi Ventures, Multicoin Capital, and others, while achieving aĀ $296M valuation.
The platform has already confirmed the token launch in itsĀ docsĀ and concluded first of three phases of the $IO airdrop campaign, allocating over 10% to the community.on June 5th, 2024, BinanceĀ announcedĀ an IEO and listing of the $IO token on its platform on June 11th, 2024.
The IEO started on June 7th, 2024, and will lasted till the initial listing of the token on the Binance exchange.
Here are the major pros of the project:
io net pros:Ā
ā¢ Big potential and utility of the product;
ā¢ One of the biggest DePIN project into the cryptocurrency space;
ā¢ Low Initial MC / FDV ratio (11.825%);
ā¢ Listing and IEO of the token on Binance
ā¢ High SMM, PR and Growth Marketing performance
ā¢ Above the average Influencer marketing score
ā¢ Multiple top tier funds invested into the project over $40M
ā¢ Presence of top tier partners supporting the project
ā¢ Some of the C-level team members have work experience in Ethereum foundation and Facebook.
The future of AI and machine learning is decentralized, and at io.net, they are building the infrastructure to make it a reality. At the heart of this ecosystem lies the IO Coin (IO), the native cryptocurrency that fuels the platform and empowers both AI developers and GPU providers.
What is IO Coināļø
IO Coin is more than just a digital currency itās the lifeblood of the io.net ecosystem. It serves two primary functions:
ā¢ For AI Developers and Startups:
ā¢ Effortless Payments:Ā IO serves as the primary payment method for deploying AI models on the networkās GPU clusters. Additionally, a USD-pegged utility token called IOSD, derived from IO, covers transaction fees.
ā¢ Model Inference Gateway:Ā Every model deployed on io.net requires a micro IO transaction for inference, ensuring smooth operation and resource allocation.
ā¢ For GPU Providers:
ā¢ GPU Rewards:Ā Sharing your unused GPU power becomes a lucrative proposition with IO. Youāll be rewarded in IO or IOSD for contributing to the networkās processing power.
ā¢ Hired Time Profits:Ā When your GPU is actively used for training or inference projects, youāll receive IO payments proportional to the usage time.
ā¢ Idle Time Profits:Ā Even during downtime, your GPU can contribute to the network by performing inference tasks for existing models. Youāll earn IO for every successful inference completed.
Empowering the AI Journey
IO Coin goes beyond facilitating transactions; it empowers AI developers and startups throughout their creative process:
ā¢ Model Development with the IO SDK:Ā Gain access to the powerful IO SDK for building your models. IO Coin governs this process, ensuring transparency and fairness within the ecosystem.
ā¢ Effortless Training:Ā Leverage io.netās integrated compute infrastructure to streamline model training. IO Coin fosters a unified experience for developers.
ā¢ Publish and Earn on Deployed Models:Ā When your model is deployed on the network, IO acts as the driving force. It connects your creation with a wider audience and rewards you for every inference made using your model.
ā¢ Expanding Possibilities with Application Development:Ā io.net fosters an open environment for application development. Anyone can create applications leveraging existing models on the platform. IO Coinās governance model ensures a fair environment where developers and model owners benefit from the platformās growth.
The Future of AI is Decentralized
With the launch of IO Coin, io.net is paving the way for a more accessible, collaborative, and rewarding future for AI development. By joining the io.net ecosystem, you will be part of a revolution thatās democratizing access to powerful computing resources and fostering innovation in the field of AI.
Factors Driving the IO Token Price Increase
Several factors could contribute to the projected price surge of the IO Token:
ā¢ Market Sentiment:Ā Positive sentiment and hype around io.netās technology and its potential applications can drive demand for IO Tokens. Investor enthusiasm often leads to significant price appreciation in the crypto market.
ā¢ Partnerships and Integrations:Ā As io.net forms partnerships and integrates with other blockchain projects and platforms, the utility and demand for IO Tokens could increase, driving up its price.
ā¢ Technological Advancements:Ā Continued development and enhancements to io.netās technology can boost its adoption, leading to increased token demand.
ā¢ Broader Market Trends:Ā The overall performance of the cryptocurrency market, especially during bull markets, can have a substantial impact on individual token prices. Historical bull markets have seen significant price increases across the board, and the IO Token could benefit from similar trends.
šMy personal opinion about io.net project:
From a personal perspective, io.net has the potential to revolutionize the decentralized cloud computing space. Its innovative approach to aggregating underutilized GPUs addresses a critical need in the AI and machine learning sectors. The projectās strong financial backing and strategic partnerships position it well for future growth.
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