Buy io.net

With the increasing demand for powerful computing performance for AI applications, such as model training and inference, io.net (IO) addresses the global shortage of graphics processors (GPUs).

io.net is a decentralized network that provides computing power to companies and developers working with artificial intelligence (AI) and machine learning (ML). The project combines blockchain technology, AI, and decentralized physical infrastructure networks (DePIN) to offer a scalable, accessible, and efficient solution for the growing shortage of GPU computing power.

The network aggregates underutilized GPUs and CPUs from data centers, crypto miners, and consumer hardware into a decentralized network. This enables efficient utilization and broad accessibility for both large and small businesses.

Since its launch in November 2023, io.net has amassed nearly 19,000 GPUs and more than 6,000 CPUs, ready for use. It collaborates with other decentralized networks like Render Network and Filecoin, to provide additional capacity. This creates a scalable infrastructure suitable for the most demanding AI and ML applications.

A key component of io.net is IO Cloud, a platform that allows users to manage GPU clusters without purchasing hardware or maintaining infrastructure. By utilizing the open-source compute framework Ray, also used by OpenAI for GPT training, io.net offers a powerful solution that integrates seamlessly into existing workflows.

The platform supports payments via crypto (on the Solana blockchain) and credit cards. Users can pay in USDC or io.net’s own token, IO. By promoting payments in IO, the demand for the token is increased and transaction fees are reduced.

Who founded io.net?

io.net was founded by a team with a strong background in quantitative trading and financial technology. The founder and CEO, Ahmad Shadid, previously worked at the Ethereum Foundation. Other key team members include Garrison Yang, former VP Strategy at Avalanche, and Tory Green, formerly COO at Hum Capital.

The team based in New York with a location in San Francisco, comprises over 50 members. In 2022, the team transitioned from institutional trading to decentralized computing to reduce GPU service costs. The project has raised $30 million in investments so far from reputable entities such as Hack VC, Multicoin Capital, and Animoca Brands.

io.net offers a wide range of applications focused on end-users and developers, including:

• Model training: Speeding up AI model training with distributed GPU networks for scalability and efficiency.
• Inference: Processing large datasets faster and in parallel with shared GPU clusters.
• Hyperparameter tuning: Optimizing machine learning models with distributed frameworks for quicker experimentation.
• Reinforcement learning: Supporting complex workloads in a scalable production environment.
• Flexible resource management: Easily adjusting GPU and CPU clusters to meet project requirements.
• Cost savings: Reducing AI/ML expenses by up to 90% using the decentralized network.

io.net utilizes a decentralized network of GPUs and CPUs offered by providers worldwide. Providers can make unused computing power available through IO Worker, an interface that automates network management, security, and reward management. Users manage their resources via IO Cloud, which allows GPU clusters to be available on-demand.

Payments are processed via the Solana blockchain. Users can choose between payments with crypto or credit cards. Payments in the native IO token are free, while payments in USDC incur a small transaction fee.

IO Cloud

IO Cloud is the central platform through which users gain access to GPU clusters. It utilizes the Ray framework to support scalable AI and Python applications. By distributing GPUs worldwide through a CDN-like infrastructure, IO Cloud offers low latency and high performance.

Key features:

• Integration with IO SDK: Simplified integration for AI and ML projects.
• Cost savings: Up to 90% lower costs for GPU cloud usage compared to traditional providers.
• Flexibility: Scale resources up or down based on project needs.

IO Worker

IO Worker manages the hardware offered by suppliers. The platform provides tools for:

Activity Monitoring: Check temperature, consumption, and equipment performance.

Rewards Management: Track earnings and transactions with tools such as Solscan.

IO Explorer

The IO Explorer provides transparency within the network. Just as blockchain explorers offer insights into transactions, the IO Explorer displays data on GPU clusters, network performance, and rewards. This fosters trust and understanding of network usage.

The IO token plays a central role in the io.net ecosystem. It functions not only as a payment method within the network but also incentivizes GPU providers and contributes to network security. All transactions within the io.net ecosystem are processed in IO tokens behind the scenes, while users have the option to pay in USDC or other supported currencies. This creates a constant demand for the IO token.

GPU and CPU providers receive their rewards in IO tokens. Additionally, token holders can stake their IO to earn extra rewards. These rewards are distributed over a period of 20 years, contributing to stable value creation.

The total maximum supply of the IO token is set at 800 million tokens, of which 500 million were issued during the Token Generation Event (TGE). The remaining 300 million tokens will be gradually released as rewards. Additionally, io.net implements a disinflationary model, where tokens are bought back and burned with revenue from network fees. This mechanism reduces the total supply and creates deflationary pressure, which is beneficial for the long-term value of the token.

io.net stands out with its innovative approach and unique features specifically designed to tackle complex challenges and add value to both the AI and blockchain sectors. Five characteristics make io.net truly unique:

• Global decentralization of GPU clusters: io.net creates a worldwide network of underutilized GPUs, sourced from data centers, crypto miners, and consumer hardware. This democratizes computing power and makes it accessible to a wide range of users, from startups to large enterprises.
• Integration with Ray framework for advanced AI applications: Utilizing Ray, the same framework used by OpenAI, provides unparalleled support for scalable and complex AI and machine learning tasks. This gives io.net a significant technological advantage.
• IO tunnels for secure and direct connections: Through a unique implementation of reverse tunneling, users can easily connect to GPU resources without the hassle of complex network configurations or restrictions like firewalls. This enhances the platform’s accessibility and user-friendliness.
• Mesh VPN architecture for low latency: By employing a mesh VPN architecture, communication latency between nodes is minimized. This offers significant benefits for applications such as real-time AI training and inference, where speed is crucial.
• Targeted collaboration within the AI sector: io.net collaborates with renowned players like Render Network and Filecoin. The platform specifically focuses on solving computational challenges within the AI industry, setting it apart from more generic computing power providers.

Purchase io.net (IO) through Bitvavo. Our platform is suitable for both beginners and experienced investors. Follow these steps to get started:

1. Create an account or log in to your existing Bitvavo account.
2. Choose "Deposit" to transfer an amount using your preferred payment method.
3. Go to the io.net (IO) purchase page.
4. Enter your investment: decide how many euros you want to invest or how many IO tokens you wish to purchase, and click "Buy".

Want to securely store your IO tokens? This can be easily done through your Bitvavo account. The platform utilizes advanced security measures, such as cold storage, where the majority of customer funds are stored offline to protect them from cyberattacks. For additional security, we recommend enabling two-factor authentication (2FA). With 2FA, you add an extra verification step when logging in, making access to your account more secure.

If you prefer to store your tokens in an external wallet, carefully check the wallet address in your Bitvavo account to ensure the transaction proceeds correctly. After that, you can easily transfer your IO tokens to a software or hardware wallet that is compatible with the IO token.