What is Io.net?
io.net is a DePIN project built on Solana infrastructure, focused on providing GPU computing power to artificial intelligence (AI) and machine learning (ML) companies at a fraction of the cost. Reasonable and optimal execution time.
The project focuses on aggregating GPU resources to help machine learning engineers access decentralized cloud services more conveniently and cost effectively than centralized platforms such as Google, AWS and Azure. Using decentralized computing network technology, io.net helps reduce the financial burden on developers and the data scientist community.
Project highlights
In modern machine learning environments, the parallel execution (parallel execution) of models plays an important role in optimizing their performance and scaling. However, accessing hardware resources in public cloud services is challenging.
The io.net project emerged to address these challenges, including scarcity of resources, limited options for users, and high costs. The project's goal is to promote a new approach to resources based on a decentralized market model.
By combining GPUs from underutilized sources such as independent data centers and crypto projects, io.net creates an entirely new computing power delivery environment, helping machine engineers learning easily accesses GPU resources on the decentralized market.
With io.net, scaling workloads is no longer an issue, the system automatically handles deployment, scheduling and scaling so users can focus on their work without worry about technical and hardware issues.
Featured products of io.net
IO Worker
IO Worker is a platform for service providers, who own GPUs, so they can offer their GPUs for rent through io.net and earn income from this activity.
If you have the hardware and devices that meet the following requirements, you will be able to register to run a worker with the opportunity to receive future rewards from io.net:
GPU: GeForce RTX 4090 GeForce RTX 4080 GeForce RTX 4070 Ti GeForce RTX 4070 GeForce RTX 4060 Ti GeForce RTX 4060 GeForce RTX 3090 Ti GeForce RTX 3090 GeForce RTX 3080 Ti GeForce RTX 3080 GeForce RTX 3070 Ti GeForce RTX 3070 GeForce RTX 3060 Ti GeForce RTX 3060 RTX 8000 RTX A5000 RTX A6000 RTX A4000 RTX 5000 RTX 5000 Ada Generation A100 80GB PCIe A100-PCIE-40GB Tesla T4 A40 A10 GeForce RTX 4070 Laptop GPU GeForce RTX 3080 Laptop GPU GeForce RTX 3070 Ti Laptop GPU GeForce RTX 3070 Laptop GPU GeForce RTX 3060 Laptop GPU GeForce RTX 3050 Ti Laptop GPU GeForce RTX 3050 Laptop GPU
CPU: M1/M2/M3 Macs can run.
IO Cloud
IO Cloud is a cloud service that helps users deploy and manage GPU clusters easily. Users can choose cluster type, purpose, and deployment location, as well as connect to leading Machine Learning (ML) services like Tensorflow or PyTorch.
IO Explorer
IO Explorer is io.net's blockchain explorer, similar to the Ethereum network's Etherscan, that provides real-time metrics on GPU cluster deployments, computational work, and prices.
It provides detailed information about the health of the io.net network, active GPU clusters, and price comparisons of different GPU services.
In addition, io.net also provides services such as IO Marketplace, where users can buy and sell idle GPU resources, and IO Developer Tools, a toolkit for developers to build applications on the platform. io.net platform.
I Coin
IO is the governance token on the IOG network and plays an important role in creating growth momentum while balancing the needs of three main groups in the Io.net ecosystem:
GPU Tenants (also known as Users), include Machine Learning Engineers who need to purchase GPU computing power on the IOG Network. These engineers can use $IO to deploy GPU clusters, cloud gaming cases, and build pixel streaming applications for Unreal's Engine 5 (and similar platforms). Additionally, users can also include consumer individuals who want to perform serverless model inference on BC8.ai and the hundreds of applications and models that io.net will host in the future.
GPU Owners (also known as Vendors), including independent data centers, cryptocurrency mining farms, and professional miners, seeking to provide unlicensed GPU computing power. effective use on the IOG Network.
IO Token Holders (also known as the Community) participate in providing security and economic incentives for cryptocurrency to create a common balance of benefits and penalties between all parties, with the goal of network development and adoption.
Overview of tokenomics
Token Metrics
Token Name: io.net Token
Ticker: IO
Blockchain: Solana
Token Standard: SPL
Contract: Updating…
Loại token: Utility & Governance
Maximum total supply: 800,000,000 IO
Total Token Supply: 500,000,000 IO
Circulating supply: 95,000,000 IO
Token Allocation & Release Schedule
IO tokens are allocated as follows:
Early Backers (Seed Round): 12,5%
Early Backers (Series A): 10,2%
Initial Core Contributors: 11,3%
R&D Ecosystem: 16%
Community: 50%
The initial 500 million IO tokens will be allocated to Seed Investors, Series A Investors, Core Contributors, R&D, Ecosystem and Community. For details, you can see the table below:
Meanwhile, 300 million IO tokens used for rewards will be distributed hourly for 20 years to GPU providers and stakers. This bonus model follows the rule of decreasing inflation, starting at 8% in the first year and decreasing by 1.02% per month (equivalent to about 12% per year) until reaching the threshold of 800 million IO.
Information about Binance Launchpool io.net
Binance users can lock BNB, FDUSD to farm IO starting from 07:00 AM on June 7, 2024 (VN time) and ending in 4 days. Binance will then list the IO at 7:00 p.m. on June 11 (Vietnam time).
The parameters of the Launchpool IO session are as follows:
Token Name: IO.NET (IO)
Total Token Supply: 500,000,000 IO
Maximum total supply: 800,000,000 IO
Launchpool Token Reward: 20,000,000 IO (4% of total supply)
Total initial circulating supply: 95,000,000 IO (19% of total supply)
Stake conditions: KYC required
Maximum Limits Per User:
17,708.33 IO in BNB pool
3,125 IO in FDUSD pool
Supported pools:
Stake BNB (site will be available in about 4 hours): 17,000,000 IO (85%)
Stake FDUSD (site will be available in about 4 hours): 3,000,000 IO (15%)
Conclude
The above is reference information about the project, not investment advice. Thank you for reading the article and don't forget to subscribe to WeTAG's information channels!
