$IO

🤔 What is io.net?

Io.net is a decentralized Physical Infrastructure Network (DePIN), offering AI machine learning engineers distributed solutions for accessing computing power. It acts as a computing power marketplace for machine learning engineers and network contributors, allowing users to provide their computing power and storage in exchange for rewards. On the other side, Io.net allows AI engineers to consume it for a fee paid in io.net coin ($IO) to the ionet crypto network.🪙 io.net token ($IO): #IO is the utility and governance token of the io.net crypto network, which is used for staking, delegating, paying fees by computing power consumers, rewarding node runners, and granting access to the DAO votings within the platform.The platform has already confirmed the token launch in its docs and colcluded first of three phases of the #IO airdrop campaign, allocating over 10% to the community. Later, on June 5th, 2024, the Binance exchange announced an IEO and listing of the #IO token on its platform on June 11th, 2024.The IEO will start on June 7th, 2024, and will last until the initial listing of the token on the Binance exchange. Considering the rising interest in the io.net crypto project and its token $IO, the CoinLaunch team researched the project and $IO IEO.

io.net crypto network (IO)

Past

Total Raise: $40,000,000

Date: 07 Jun - 11 Jun 2024

io.net is a decentralized AI computing and cloud platform that allows computing power providers to contribute to the network and receive rewards in $IO tokens while allowing machine learning startups to consume those resources. 

It is powered by the native #IO token, which acts as a main currency for payments within the network, rewarding node runners, providing users with access to the platform’s DAO, staking and delegating the tokens to NoOps.

Since its inception in 2022, the company has managed to raise an impressive $40M from top-tier funds including Delphi Ventures, Multicoin Capital, and others, while achieving a $296M valuation.