What is io.net?

What is io.net?

io.net is an innovative decentralized computing platform offering global access to GPU resources at a fraction of traditional costs. By consolidating GPUs from independent data centers, crypto miners, and diverse hardware networks, it provides machine learning engineers with seamless, distributed infrastructure deployment. This model dramatically cuts expenses and boosts accessibility compared to conventional cloud services.

To democratize computational power, io.net leverages onchain technologies such as Ray.io for optimized resource distribution and Solana for rapid crypto-based payment solutions. By using Solana, io.net enables instant, secure transactions, making it easier for users to unlock compute resources quickly and efficiently.

The network supports various machine learning applications, including distributed training, hyperparameter tuning, and model serving. This enables AI startups and developers to achieve high performance, scalability, and security in their projects.

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io.net Products

io.net offers advanced solutions harnessing decentralized computing power for AI and machine learning applications. Here's a concise overview of their main products:

1. IO Cloud: This platform provides access to decentralized GPU and CPU resources with on-demand, scalable clusters and pre-configured machine learning stacks. It supports rapid workload deployment, real-time interactions, and payments via Solana and credit cards. Ideal for deploying machine learning models, parallel training, and batch inference.
2. IO Worker: A portal for GPU owners to monetize their computational power. It features a real-time earnings dashboard, streamlined GPU integration, and efficient resource utilization. IO Worker ensures hardware security and stability, allowing GPU owners to profit from unused resources while supporting the decentralized network.
3. IO Explorer: An analytical tool for comprehensive network monitoring. It provides detailed statistics, transparent supply and partner reputation scores, and an on-chain record of model inferences. IO Explorer enables users to track and evaluate the network's performance and reliability effectively.

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How io.net Works

Here's a high-level overview of how io.net provides a decentralized computing platform, offering scalable and cost-effective solutions for machine learning workloads:

1. Resource Aggregation: io.net collects GPUs from independent data centers, crypto miners, and other hardware networks, forming a decentralized pool of computational power.
2. Decentralized Infrastructure: The platform uses a Decentralized Physical Infrastructure Network (DePIN), allowing for seamless deployment of workloads across distributed nodes.
3. Efficient Resource Management: Leveraging Ray.io, an open-source library for distributed computing, io.net efficiently manages and allocates resources to optimize performance and reduce latency.
4. Crypto-Based Payments: Transactions are facilitated using Solana, which enables instant and secure payments through Solana Pay and quickly unlocks compute resources.
5. Scalability and Flexibility: The network auto-scales based on user demand, providing flexible and scalable clusters that adjust as the user base grows.
6. High Security: The platform ensures data integrity and privacy with SOC2 and HIPAA compliance and end-to-end encryption. io.net also employs IO Tunnels, a reverse tunnelling technology, to bypass firewalls and NAT restrictions securely, providing engineers with simplified access to remote resources.
7. Support for ML Tasks: The platform supports various machine learning applications, including distributed training, hyperparameter tuning, reinforcement learning, and model serving.

By integrating these elements, io.net provides a robust, decentralized, and crypto-enabled solution for computationally intensive AI and machine learning tasks.

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IO Coin Utility Explained

IO Coin ($IO) is the native currency of the IOG Network, facilitating economic incentives for GPU Renters (Users), GPU Owners (Suppliers), and IO Coin Holders (Community). Users utilize $IO to deploy GPU clusters and perform serverless model inferences, while Suppliers monetize their underutilized GPU power by receiving payments in $IO. Coin Holders help secure the network by staking $IO, aligning incentives for network growth and adoption.

Payments in the IO Ecosystem are made in $IO, even if users pay in fiat or USDC, creating demand for $IO. Payments in USDC incur a 2% fee, whereas $IO transactions are fee-free. $IO also ensures network security by requiring collateral staking for nodes to earn Idle Rewards and offering additional staking rewards for securing the network.

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IO Tokenomics

io.net's tokenomics ensure a sustainable and balanced ecosystem through a fixed supply, hourly rewards, and a burn mechanism.

• Fixed Supply: The total supply of $IO is capped at 800 million tokens. At launch, 500 million $IO tokens are distributed, while 300 million tokens are emitted as hourly rewards over 20 years.
• Hourly Rewards: Suppliers and their Stakers earn hourly rewards in a disinflationary model. Starting at 8% in the first year, the reward rate decreases by 1.02% monthly (~12% annually) until the supply cap is reached.
• Burn Mechanism: A programmatic coin burn system reduces the circulating supply. Revenue from fees is used to buy and burn $IO tokens, creating deflationary pressure and increasing token value.
• GPU Renter Fees: Reservation Fee: 0.25% of the reservation cost. Payment Fee: 2% for USDC payments; no fees for $IO payments.
• GPU Supplier Fees: Reservation Fee: 0.25% of the reservation cost, charged to Suppliers. Payment Fee: 2% for USDC payments; no fees for $IO payments.

This tokenomics model ensures a transparent, sustainable, and value-driven ecosystem for all participants.

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Can I Buy IO Coin?

Yes, you can purchase io.net's IO coin on major cryptocurrency exchanges such as Bybit and Binance. To invest, simply sign up on one of these platforms, complete the account verification process, and deposit fiat currency or transfer USDT to exchange for IO tokens. Upon its initial launch, IO had a circulating supply of 95,000,000 out of a total 800,000,000 tokens, representing 11.88% of the total supply.

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Bottom Line

io.net revolutionizes GPU access with a decentralized, cost-effective platform for machine learning workloads. Leveraging Ray.io for resource management and Solana for instant payments, io.net offers scalable and secure infrastructure. Its products, including IO Cloud, IO Worker, and IO Explorer, support diverse needs from ML model deployment to GPU monetization.