The 55th project on Binance Launchpool: IO.NET (IO), a decentralized AI computing and cloud platform.

Starting from June 7, 2024, at 00:00 (UTC), users can stake their BNB and FDUSD into separate pools to farm IO tokens for four days. Create an account here.

Token Listing Details

Binance will officially list IO.NET on June 11, 2024, at 12:00 (UTC), enabling trading with the following pairs: IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. The “seed” tag will be applied to IO tokens.

About IO.NET

IO.NET is revolutionizing the AI and cloud computing landscape by pooling underutilized GPU resources, enabling machine learning startups to access extensive computing power at a fraction of traditional costs.

Utility of IO Tokens

Payment Currency: For transactions within the IO.NET ecosystem, including purchasing and supplying GPU computing power and deploying GPU clusters.

Staking: Users can participate in network security and earn rewards by either delegating IO tokens to a node or staking tokens to operate their own node.

Governance: Token holders can engage in governance through the IO Grants DAO, proposing and voting on fund allocation and strategic initiatives.

Key Components of the IO Ecosystem

io.net: Manages the IOG Network and develops products such as O Cloud, IO Worker, and O ID.

IOG Network

A decentralized infrastructure providing on-demand compute power via geo-distributed hardware nodes.

IOG Framework

An open-source SDK for developers to build on the Internet of GPUs.

Funding and Token Supply

io.net has raised $40 million USD from private sales, with a recent valuation of $1 billion USD. This accounts for 36.24% of the genesis token supply and 22.65% of the maximum token supply. As of June 6, 2024, the maximum supply is fixed at 800,000,000 tokens, with an initial circulating supply of 95,000,000 tokens (19% of the genesis supply).

Key Metrics (as of June 6, 2024):

Token Name: IO

Token Type: SPL

Initial Circulating Supply on Binance: 95,000,000 (19% of Genesis supply)

Genesis Token Supply at TGE: 500,000,000

Maximum Token Supply: 800,000,000

Binance Launchpool Allocation: 20,000,000 (4% of Genesis supply / 2.5% of Maximum supply)

Launchpool Start Date: June 7, 2024

What is io.net?

Mission: To establish a globally accessible, decentralized cloud computing network offering affordable and flexible compute capacity.

Value Proposition: By utilizing underutilized GPU resources, io.net provides computing power at significantly reduced costs compared to traditional cloud providers, addressing issues like GPU shortages and high expenses.

Technical Infrastructure

io.net is designed for:

Batch Inference and Model Serving: Parallelizing data processing across distributed GPUs.

Parallel Training: Overcoming memory limitations by leveraging distributed computing libraries.

Parallel Hyperparameter Tuning: Optimizing hyperparameter tuning experiments through distributed computing.

Reinforcement Learning: Supporting highly distributed RL workloads with simple APIs. For more information, visit here.

Disclaimer

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