Coin-related
Price calculator
Price history
Price prediction
Technical analysis
Coin buying guide
Crypto category
Profit calculator
io.net priceIO
How do you feel about io.net today?
Price of io.net today
What is the highest price of IO?
What is the lowest price of IO?
io.net price prediction
When is a good time to buy IO? Should I buy or sell IO now?
What will the price of IO be in 2025?
What will the price of IO be in 2030?
io.net price history (USD)
io.net market information
io.net ratings
About io.net (IO)
What Is IO.NET?
IO.NET is a decentralized GPU network launched in November 2023. It is designed to provide the computational power necessary for machine learning and AI applications. By leveraging underutilized GPU resources from independent data centers, crypto miners, and consumer GPUs, IO.NET addresses the global shortage of GPU capacity. This innovative platform aims to democratize access to high-performance computing, making it more scalable, accessible, and cost-efficient for AI developers and researchers.
Built at the intersection of cryptocurrency, artificial intelligence, and decentralized physical infrastructure networks (DePIN), IO.NET gathers and utilizes GPU computing power from various sources. This approach not only increases the supply of GPUs but also enhances the efficiency of AI and machine learning operations. As of June 2024, IO.NET has successfully integrated over 20,000 GPUs and 6,000 CPUs into its network, showcasing its potential to meet the growing demands of the AI economy.
Resources
Official Documents: https://docs.io.net/
Official Website: https://io.net/
How Does IO.NET Work?
IO.NET operates through a combination of decentralized components that collectively ensure efficient and secure access to GPU resources. One of its core components is IO Cloud, which manages on-demand decentralized GPU clusters. This system allows users to quickly and efficiently access GPU resources without the need for significant hardware investments or complex infrastructure management. By leveraging the Ray framework, which is also used by OpenAI, IO Cloud ensures scalable and flexible resource management.
Another vital component is IO Worker, an interface for GPU suppliers to manage their computing power. IO Worker oversees real-time activity monitoring, temperature and power consumption tracking, security assessments, and profitability analysis. This ensures that the provided GPUs are utilized cost-effectively while scaling to meet the network's demands. Additionally, IO Explorer offers comprehensive insights into the network's operations, providing transparency and real-time data on supply volumes, active hardware, and market pricing.
Payments within the IO.NET ecosystem are facilitated through both cryptocurrency and traditional methods. Users can pay for GPU resources using crypto via the Solana blockchain or credit cards. GPU suppliers can receive payments in USDC or IO.NET’s native token, IO. This dual payment system, along with the strategic partnerships with Render Network and Filecoin, enhances the network's robustness and accessibility.
What Is IO Token?
IO is the native token of the IO.NET ecosystem, serving as the primary medium for transactions and incentives. This native cryptocurrency ensures the long-term sustainability of the project by incentivizing GPU suppliers and securing the network. The initial circulating supply of IO tokens is set at 95 million, with a total cap of 800 million tokens. These tokens are distributed among investors, core contributors, and the community, with a significant portion allocated for future research and development.
IO token holders can participate in the network by staking their tokens to earn rewards and contribute to network security. The tokenomics of IO.NET are designed to be deflationary, with a portion of IO tokens being bought back and burnt using the network's revenues. This reduces the overall token supply over time, creating upward pressure on the token’s value. The network also employs a strategic reward system for suppliers and stakers, released hourly over a span of 20 years, ensuring a steady and incentivized growth of the ecosystem.
Is IO.NET a Good Investment?
IO.NET presents a promising investment opportunity, particularly for those interested in the convergence of blockchain technology and artificial intelligence. By addressing the global shortage of GPU capacity and leveraging underutilized computing resources, IO.NET is well-positioned to meet the increasing demands of AI and machine learning applications. Its partnerships with established networks like Render Network and Filecoin, along with its innovative decentralized approach, enhance its potential for long-term growth and sustainability.
However, as with any investment, potential investors should carefully consider the associated risks. The cryptocurrency market is highly volatile, and the success of IO.NET depends on the widespread adoption of its platform and the continuous integration of new GPU resources. Thorough research and a balanced portfolio approach are recommended for those considering investing in IO.NET to mitigate these risks and maximize potential returns.
How to Buy IO.NET (IO)
Consider investing in IO.NET (IO)? It only takes 2 minutes to create an account on Bitget and start trading IO.
Related Articles about IO.NET:
io.net (IO): Changing Computing with Decentralized GPU Network
IO to local currency
- 1
- 2
- 3
- 4
- 5
How to buy io.net(IO)
Create Your Free Bitget Account
Verify Your Account
Buy io.net (IO)
Trade IO perpetual futures
After having successfully signed up on Bitget and purchased USDT or IO tokens, you can start trading derivatives, including IO futures and margin trading to increase your income.
The current price of IO is $2.88, with a 24h price change of +2.44%. Traders can profit by either going long or short onIO futures.
Join IO copy trading by following elite traders.
io.net news
Money talks. In cryptocurrency, it screams through megaphones and flies banners across stadium skies. The recent revelation of Polkadot’s $37 million marketing spend has reignited a familiar debate within the blockchain community. Their aggressive growth strategy, complete with influencer campaigns and sports sponsorships, mirrors a pattern seen throughout the industry’s evolution. Cryptocurrency projects have long … <a href="https://beincrypto.com/how-empty-marketing-and-growth-hacking-
Hong Kong's Securities and Futures Commission has approved four new virtual asset providers, expanding its regulatory framework and enhancing investor protection in the growing digital asset market.