IO is a decentralized artificial intelligence computing power and cloud service platform. Its main function is to aggregate GPU resources from all over the world and provide a network so that some AI startups can use these cloud computing powers to train their own models or do some animation rendering. For example, RNDR, which was launched a long time ago, is such a GPU computing power trading platform. The current market value of RNDR has reached 2.4 billion US dollars, ranking 35th.
This is also affected by the global AI track. As we all know, Nvidia's market value once exceeded Apple's market value some time ago. The world's AI fever is still in full swing, and for those platforms that provide GPUs at the bottom layer, this is a long-term benefit.
Check out his official website, GPU interconnect is finally here.
You can use IO.NET to obtain global GPU resources with one click. IO.NET is a streamlined way to allow personal GPU resources distributed around the world to participate in the entire IO.NET GPU network in a decentralized way. And you can use the SOL chain payment system to complete the payment directly on the IO.NET platform. Compared with the traditional GPU computing power resources, IO.NET also has its own advantages, such as faster, better and cheaper.
In all aspects, it is more suitable for some small AI start-up companies. Its GPU computing power and resources are much larger than those of its competitors. It can also be seen in the previous IO.NET airdrop that the amount of this airdrop is very small. Basically, everyone who participated in providing computing power has been cheated. This is not good for the provider, but for the buyer, if you are a buyer, then the IO.NET computing power platform may have more price advantages. Generally speaking, they are a GPU computing power trading platform, and the IO token is their native token. In the entire IO.NET system, it is mainly used as a payment currency, pledged to obtain network income, and participate in the entire network governance. These are the main parts.
At present, the IO.NET system is divided into the following parts. The first is the IO.NET cloud platform, which allows developers to provide their computing power to the IO.NET network. The second is the IOWORK that provides services to users. Through the intuitive WEB3 program, it manages its GPU nodes for operation, and they also have IO ID, which is an identity management system.
Then let's take a look at the project background. Their team members basically come from these computing power platform companies and have relatively long experience in this field. In terms of financing, their last round of financing was a US$30 million Series A financing. On March 5 of this year, the valuation was US$1 billion, and the current total circulation of the IO token is 500 million. This valuation is a relatively important reference indicator. According to this valuation, a single token should be around 2U. The current price of IO is 2U, which has fallen from the highest 6U to the current 2U. At this position, it is still possible to consider entering in batches.
Then there is no need to say much about the investment lineup, it is very good. Previously, IO was also launched on Binance's Lunch pool, and it is also the best project in Lynch pool recently. Recently, due to the market decline, IO has also fallen from the highest 6U to 2U, and the circulating market value has also reached 190 million US dollars. The total market value has reached 200th, which is actually relatively low. The current circulation quantity is less than 100 million, and the long-term total circulation volume is 800 million. I just said that 500 million is the short-term circulation volume, and the liquidity online should be 800 million. Overall, IO's circulating market value is very low, only 190 million US dollars. As a project with a relatively high financing background and valuation, this value is very low. Let's compare it with the competitor RNDR. RHDR is currently 2.5 billion US dollars, which is more than ten times that of IO. As a cloud computing platform, IO is actually a rising star. In addition, as long as the popularity of this AI track remains in the future, it is believed that there will be continuous funds that will pay attention to the current cost-effectiveness of IO. The current cost-effectiveness of 2U is relatively high.
Compared to choosing the track leader RHDR, or the AI sector leader near, near currently has a market value of 6 billion, which is more than 30 times that of IO. So from the perspective of this market value, IO is actually more cost-effective now. Then for the details of the token, you can refer to this article released by Binance. The current circulation is less than 100 million, and from the unlocking point of view, there will be relatively few unlockings before June or July next year. The core unlocking will mainly start after June next year, so at least in a year, IO tokens will not have too much selling pressure. This is a reference from the perspective of the unlocking of this VC coin, which has been complained about a lot by everyone.
In addition, IO itself is profitable. It uses the computing power GPU as a foundation to support the Dipin project. Unlike other VCs, which mainly speculate on concepts and speculation, IO truly has user needs and a trading network of user groups. At present, the AI track is a long-term trend in the world. Excluding the bad Bitcoin market, if the market recovers in the future and there is a rotation of sectors in the cottage industry, then I believe that the AI sector will still be a long-term hot track. As a new coin in this sector, the IO token has very good fundamentals. At the same time, it has the concept of the Dipin track in it. Therefore, the IO token is currently worthy of everyone's attention. If you are optimistic about the AI track in the long term and the market is stable, IO is likely to become a new star in the AI sector.
