July 11, 2024

io.net is a decentralized GPU network designed to provide unlimited computing power for machine learning (ML) applications. This innovative approach leverages a distributed and decentralized model that gives users more control and flexibility compared to traditional cloud computing services like AWS. io.net's mission is to provide fair access to computing power by pooling over one million GPUs from independent data centers, crypto miners, and crypto projects like Filecoin or Render. 

At the heart of io.net's unique approach is its Decentralized Physical Infrastructure Network (DePIN), which leverages blockchains, IoT, and the Web3 ecosystem to create, operate, and maintain real-world physical infrastructure. The network uses token incentives to coordinate, reward, and secure members of the network. io.net is optimized for machine learning, but applies to all GPU use cases, connecting computing power providers with users. 

What is the IO token?

The IO token is a critical component of the io.net ecosystem, designed to facilitate transactions and payments within the decentralized cloud computing network. Users pay for cloud computing services and data storage with IO tokens, and transaction fees are required to process transactions on the network. 

In addition, IO tokens can be used for staking, allowing users to lock their tokens and earn rewards. IO token holders also gain the right to vote on the future of the network, making them an integral part of the ecosystem. IO's tokenomics include a burning mechanism and a 20-year release schedule for rewards paid to suppliers and stakers, ensuring the long-term sustainability of the project.

Here are some other things you need to know about the token:

  • Trading Volume (24h): The trading volume of IO in the past 24 hours is $399,016,550.
  • Circulating Supply: The circulating supply of IO is 95,000,000 tokens.
  • Total Supply: The total supply of IO is 800,000,000 tokens.

Trade IO

To access the power of global GPU resources, all you need to do is buy your first IO tokens.

Head over to our trading page to claim your coins and begin your unlimited computing power journey. 

! Disclaimer

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Tom F.

Tom is one of the content managers here at Cryptology. While still fresh in his career he has been able to firmly place himself within the world of crypto and content creation, producing work for a number of publications including esports.net and The Times of Malta newspaper.