đ What is IO token? DePIN project io.net
đ On June 6, Binance announced that IO.NET (IO token) became the 55th project on Binance Launchpool. Listing time is 7:00 p.m. on June 11.
đŻ What is Io.net?
Io.net is the DePIN project built on Solana, aggregating GPU resources and providing computing power to artificial intelligence (AI) and machine learning (ML) companies.
Io.net is designed as a new generation cloud system, supporting ML engineers to develop in a decentralized model more easily and cheaper than using the services of centralized companies such as Google, AWS or Azure.
Io.net announces tokenomics with an initial supply of 500 million tokens. io.net's valuation increased from 500 million to 1 billion USD after Series A round.
⥠Basic information about IO tokens
- Token name: IO token
- Symbol: IO
- Blockchain: Io.net
⥠Token allocation
- Community: 50%
- Early seed round investors: 12.5%
- Early investors in series A round: 10.2%
- Core developers: 11.3%
- Ecosystem: 16%
âïž Product of io.net
- IO Cloud: Cloud service that deploys and manages GPU clusters, can connect to ML services such as Tensorflow, PyTorch.
- IO Worker: Users can rent GPUs and earn profits.
- IO Explorer: Network discovery tool, providing real-time data on cluster deployment, calculations, prices...
- IO Coin: IO token is an important asset of the network, motivating users.Â
