Super breaking news! Fed Chairman Powell makes subtle but key shift in perception of inflation risks

In his speech on the evening of July 10, Federal Reserve Chairman Powell made an eye-catching statement on the inflation risks faced by the Federal Reserve. He made it clear that the Fed has made significant progress in controlling inflation and no longer needs to wait for the inflation rate to drop below 2%. This subtle but important shift means that the Fed may no longer delay expected rate cuts if inflation data performs well. This news is undoubtedly a big plus for the cryptocurrency market, prompting a strong rebound in a series of new coins such as IO.

IO, as the native token of io.net, has attracted much attention since its debut on Binance Launchpool on June 11, 2024. io.net is a decentralized computing power platform based on the AI+DePIN concept, aiming to build a flexible and efficient AI computing power demand market. With the launch of IO, io.net is expected to further attract more developers and enterprises to join its ecosystem and jointly promote the development and growth of the platform.

IO plays a pivotal role in the DePIN track, building a bridge between AI and robot learning teams/enterprises and powerful GPU resources around the world. The rise of the DePIN track not only reflects the broad application prospects of blockchain technology in physical world infrastructure, but also heralds the important position of cryptocurrency in the digital economy era.

The development of IO, through its GPU computing platform, has effectively improved the utilization efficiency of assets and reduced usage costs, providing valuable technical support for start-up AI and game companies. This is not only conducive to the rapid growth of these enterprises, but also provides strong support for the application of cryptocurrency in a wider range of fields.

The design of the IO token is based on three core principles: a fixed maximum supply, a reward mechanism for suppliers and token holders, and a token destruction mechanism. Together, these principles maintain the scarcity and value of tokens, laying a solid foundation for IO’s long-term value growth. Looking to the future, IO is expected to occupy a more important position in the cryptocurrency market and promote the widespread application of the DePIN concept in more fields. #美联储何时降息？ #io项目