io.net

io.net is a decentralised computing network that provides access to on-demand GPU resources for artificial intelligence (AI) and machine learning applications. The platform aggregates underutilised GPUs from various sources, including independent data centres and decentralised networks such as Render and Filecoin. By offering distributed GPU clusters, io.net aims to provide an alternative to traditional cloud-based AI computing services.

The network is designed to support AI developers by reducing infrastructure costs and enabling large-scale model training and inference on a decentralised network. Users can deploy clusters of GPUs for AI workloads without relying on centralised providers.

io.net (IO) serves multiple purposes within its ecosystem:

• Transaction Fees: The IO token is used to pay for transaction fees on the io.net network. This includes fees for executing smart contracts and transferring tokens.

• Staking: Users can stake IO tokens to participate in the network’s consensus mechanism, which typically involves proof-of-stake or a variant thereof. Staking helps secure the network and provides rewards to participants.

• Governance: IO token holders can participate in the governance of the io.net platform. This includes voting on proposals related to network upgrades, changes to protocols, and other key decisions.

• Incentives: The IO token is used to incentivise developers and users to participate in the network. This includes rewards for developing dApps, providing liquidity, or other contributions that enhance the platform's ecosystem.

• dApp Development: IO tokens can be used within dApps built on the io.net platform, serving as a medium of exchange or as part of the functionality of various applications.