IO is a decentralized AI computing network based on the Solana blockchain that focuses on providing powerful computing power by integrating underutilized GPU resources. Allows machine learning engineers to access scalable, distributed clusters at a fraction of the cost of centralized services.
IO is uniquely capable of creating clusters of over 95,000 GPUs and over 1,000 CPUs, whether they are co-located or geographically distributed, maintaining low latency for deployers, enabling rapid deployment and transparent payments.
IO solves the problem of scarce computing resources by aggregating GPUs from underutilized sources such as independent data centers and crypto miners, as well as other hardware networks such as Filecoin and Render, to create a decentralized physical infrastructure network (DePIN) . This network brings together resources to provide engineers with an accessible, customizable, cost-effective, and easy-to-implement system that gives them access to massive amounts of on-demand computing power.
1. The core mechanisms include:
1. Centralized resource aggregation: Utilize globally dispersed GPU resources to optimize resource usage, reduce costs, and provide broad accessibility.
2. Economic system: including $IO (used for payment and governance) and $IOSD (USD-pegged stablecoin to ensure payment stability).
3. Dynamic resource allocation and scheduling: Through intelligent algorithms, resources and tasks are dynamically matched to optimize execution efficiency and cost.
2. System architecture:
1. IO Cloud: Provides decentralized GPU resources, reduces the cost of AI/ML projects, supports RAY framework, etc.
Exclusive features include providing private access to the OpenAI ChatGPT plugin for easy deployment of training clusters. Additionally, IO is committed to revolutionizing crypto mining by supporting machine learning and artificial intelligence ecosystems, transforming traditional mining resources into efficient computing power.
2. IO Worker: Simplifies user account management and device monitoring to ensure security and profitability analysis.
This includes user account management, real-time activity monitoring, temperature and power consumption tracking, installation support, wallet management, security and profitability analytics.
3. IO Explorer: Provides transparency in network operations, similar to a blockchain browser.
4. IO-SDK: supports parallel running of multi-language tasks and is compatible with major ML frameworks.
5. IO Tunnels: Provides secure connections through reverse tunnel technology to facilitate remote access and management.
6. IO Network: Adopts a mesh VPN architecture to provide ultra-low latency communication, enhanced redundancy and load distribution.
3. $IO Token Economic Model:
1. Supply: The total supply is 800 million, and the current circulation is 95 million IO.
2. Distribution and incentives:
- Initial distribution: 300 million IO tokens will be issued initially.
- Reward mechanism: *The remaining 500 million tokens will be distributed to providers and their shareholders as rewards, a process expected to last 20 years. Rewards are released hourly, following a decreasing model, starting from 8% in the first year, decreasing by 1.02% monthly, and approximately 12% annually until reaching the total issuance limit of 800 million.
3. Destruction mechanism:
- IO adopts a programmed token destruction system. IO uses revenue generated from the IOG network to purchase and burn $IO tokens.
- The amount burned is adjusted based on the price of IO to create deflationary pressure on the token.
This distribution and incentive structure, combined with the burning mechanism, is designed to ensure the long-term value and stability of the $IO token while incentivizing providers to continue participating in the network.
4. Token release mechanism
IO rewards are released to suppliers and stakers every hour for 20 years. Rewards follow a deflationary model, starting at 8% in the first year and decreasing by 1.02% per month (approximately 12% per year) until reaching a cap of 8 billion $IO tokens.
5. Pledge
IO requires each node to stake at least $100 of IO as a security deposit provided by the hardware to earn availability rewards. This prevents low-quality hardware from abusing the system. Collateral is locked for 7 days, and funds must wait 7 days after cancellation to ensure the continuity of node operations and network stability.
4. Team and Financing:
IO has an experienced leadership team and received $30 million in Series A funding in March this year, led by Hack VC, Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, Foresight Ventures, Longhash, SevenX, ArkStream, Animoca Brands, Continue Capital, MH Ventures and OKX, as well as investors including Solana founder Anatoly Yakovenk, Aptos founders Mo Shaikh and Avery Ching, Animoca Brandsâ Yat Siu and Perlone Capitalâs Jin Kang Industry leaders participated in the investment.
Summarize:
IO provides an innovative solution in the field of modern cloud computing and AI/ML through a decentralized computing network and blockchain-based architecture. Despite challenges such as technological complexity and market competition, IO has demonstrated its great potential in resource optimization and cost-efficiency.
