io.net price (IO)

Price in CZK

24h change

Market Capitalization 49.09M USD

Circulating Supply 426,132,564

Maximum Supply 800,000,000

io.net (IO)

io.net is a decentralized platform focused on providing computational power through GPUs and CPUs, primarily intended for artificial intelligence (AI) and machine learning projects. The platform uses the concept of DePIN (Decentralized Physical Infrastructure Network) and operates on the Solana blockchain, enabling fast and low-cost transactions. The main goal of io.net is to increase the availability of computing resources and reduce their costs.

Use Cases

io.net enables:

Providers (IO Workers) to share their unused computational capacity,
Users (IO Cloud) to easily manage and utilize decentralized GPU clusters,
Payments for resource usage to be made in IO tokens or USDC, with IO token transactions being fee-free.

The IO token is a key element of the ecosystem:

It is used to reward providers of computational resources,
It incentivizes staking for protocol security and governance,
The total supply of IO tokens is 800 million, with 500 million issued during the Token Generation Event (TGE).

History and Origins

io.net was officially launched in November 2023. Since then, the project has gathered nearly 19,000 GPUs and over 6,000 CPUs available for deployment. The platform also collaborates with other projects like Render Network and Filecoin.

How Does io.net Work?

io.net runs on the Solana blockchain, allowing fast and low-cost transactions.
Providers connect their devices through IO Worker, while customers utilize computational power via IO Cloud.
Thanks to its decentralized model, there is no need to invest in expensive hardware, making AI infrastructure more accessible to a broader range of developers.

How Is io.net Different from Other Cryptocurrencies?

Unlike traditional cryptocurrencies like Bitcoin, which serve primarily as digital currencies, or Ethereum, which enables the creation of decentralized applications and DeFi projects, io.net focuses solely on providing decentralized computational power. Its goal is to create infrastructure for training and operating AI models by utilizing available GPU and CPU resources across the network.

Compared to similar projects like Render Network (focused on graphic computations) or Akash Network (decentralized cloud hosting), io.net specializes directly in AI computations within the DePIN (Decentralized Physical Infrastructure Network) model. This makes it a unique project, bringing a decentralized approach to computational capacity for machine learning and AI development.

Sources

Websites

Official website

Whitepaper

Blockchain explorer

Socials

io.net and what people ask most:

What is DePIN, and how does io.net fit into it?

DePIN refers to networks that use decentralized physical infrastructure, such as servers or GPUs. io.net is part of this trend, offering decentralized computational power for AI and Web3 projects.

How are payments handled on io.net?

Payments for the use of computational resources are made using the native IO token (with no fees) or the stablecoin USDC, ensuring flexibility for different types of users.

On which blockchain does io.net operate?

io.net utilizes the Solana blockchain due to its high speed and low transaction costs, making it ideal for the needs of a dynamic computational resource market.

Coinmate in numbers

2014

Our founding year. In crypto, a decade is a small eternity.

100 B CZK

The trading volume we've handled so far.

120 k+

Thousands of people from around the world trust us. Thank you.