io.net is a decentralized AI computing network built on Solana, designed to aggregate underutilized GPU resources globally to power AI and machine learning applications. By leveraging a Decentralized Physical Infrastructure Network (DePIN), io.net connects independent data centers, crypto miners, and projects like Filecoin and Render to provide scalable, cost-effective computing power. Founded by Ahmad Shadid (later succeeded by Tory Green in 2024), the platform aims to democratize access to GPU resources, reducing costs by up to 90% compared to traditional cloud services.
## Key Features
- **Currency:** $IO (native token) and $IOSD (USD-pegged stablecoin).
- **Buying Currency:** Available on exchanges like Binance, where it was listed via a Launchpool campaign in June 2024.
- **Utility:**
- **Payments:** $IO is used to pay for GPU/CPU rentals and transaction fees; $IOSD offers stable pricing.
- **Staking:** Stake $IO to secure the network, earn block rewards, and participate in governance.
- **Governance:** $IO holders vote on protocol upgrades and ecosystem decisions.
- **Automation:**
- AI-driven dynamic resource allocation optimizes task distribution based on hardware specs, location, and cost.
- Smart contracts automate payments, slashing penalties, and reward distribution.
- **API:** Yes. Integrates with Ray and Kubernetes for scalable AI/ML workflows.
- **User Perspective:**
- **Developers:** Deploy AI models, access 1M+ GPUs, and use tools like IO Cloud for cluster management.
- **Providers:** Monetize idle GPUs/CPUs through hourly rewards and staking.
## How It Works
1.**Resource Aggregation:**
- GPU/CPU providers register devices on io.net, which are verified and pooled into a global network.
2.**Task Allocation:**
- Users submit compute jobs (e.g., AI training), and the platform dynamically assigns tasks to optimal hardware using smart scheduling algorithms.
3.**Execution & Payment:**
- Jobs run on distributed nodes, with results validated via test cases. Payments in $IO/$IOSD are automated via blockchain.
## Staking
- **Staking Requirements:**
- Minimum stake per GPU: 200 $IO. High-end GPUs (e.g., NVIDIA H100) require 10x multiplier (16,000 $IO for 8 H100s).
- 14-day cooldown period for unstaking.
- **Rewards:**
- **Block Rewards:** Distributed hourly—80% to GPU providers, 20% to CPU providers.
- **Slashing:** Malicious actors lose staked $IO; slashed tokens are burned after a 1-month appeal window.
## Documentation
For technical guides, tokenomics, and API integration:
Yes, io.net is designed to be user-friendly, with an intuitive interface and accessible documentation. It caters to both technical and non-technical users, making it an excellent choice for the average DePIN user.
2.**Can I pay with tokens to use the DePIN product offered by the project?**
Yes, io.net supports payment using its native token. Users can also utilize other common tokens such as ETH or USDT, enhancing flexibility.
3.**Can tokens be automatically switched from other standard tokens (e.g. ETH, BTC)?**
While io.net does not support automatic token switching natively, users can easily convert tokens like ETH or BTC to the native token through major exchanges, ensuring seamless integration.
4.**If I would provide the service, what is my ROI, do we need to stake, etc.?**
Providers can earn a competitive ROI by contributing resources. Staking the native token is typically required to participate, with rewards distributed based on contribution levels and market demand.
5.**Why does the project exist, why do the people and the planet need it?**
io.net aims to decentralize essential services, enhancing efficiency and sustainability. By optimizing resource utilization, it offers a greener alternative to traditional centralized solutions.
6.**Is it geo-aware?**
io.net supports global deployment, allowing users to leverage resources across different regions, ensuring flexibility and compliance with local regulations.
7.**Is it cost-effective?**
io.net is highly cost-effective, offering solutions that can be significantly cheaper than centralized alternatives, providing substantial savings.