IO

1. Project introduction

IO.NET supports the development, execution, and scaling of ML (machine learning) applications on the Solana blockchain. It leverages the world's largest GPU cluster, allowing machine learning engineers to access distributed cloud computing power at a fraction of the cost of centralized services. io.net engages users and computing power providers through three products, enhancing the user experience:

IO Cloud: A platform for deploying and managing decentralized GPU clusters.

IO Worker: Provides users with real-time insights into their computing, offering an operational overview of devices connected to the network. It enables users to monitor these devices and perform quick actions such as deleting or renaming devices.

IO Explorer: Offers a window into the internal workings of the network, providing complete visibility into network activities, key statistics, data points, and reward transactions.

IO is the native token and protocol token of the io.net network. The main utilities of the token include:

IO will serve as the primary payment method within the io.net ecosystem, such as for paying GPU deployment fees. Additionally, every model deployed on io.net must make a small IO transaction for inference.

IO tokens are used to reward GPU contributors.

2.Team introduction

Co-Founder/COO: Tory Green

https://www.linkedin.com/in/torygreen/

3.Investment institution

Hack VC，Multicoin Capital，OKX Ventures，Animoca Brands

4.Token application and distribution

Token application:

Deflationary Burn Mechanism: Revenue generated by the network is used to purchase and burn IO. The amount burned is adjusted according to the price of IO.

Staking Mechanism: To ensure network stability, each node is required to stake a minimum of 100 IO.

Token distribution:

Early Supporters - Seed Round Sale: 20%

Early Supporters - Series A Round Sale: 16.24%

Initial Core Contributors: 18.14%

R&D and Ecosystem: 25.61%

Community: 16%

Binance Launchpool: 4%