Ionet, a unicorn with a valuation of $1 billion, launched mining on Binance, pushing $BNB up to a new high of $720. With the support of Binance, how much market value can IO reach after it goes online? What is its origin? ——Interpretation series of @ionet

ionet may fundamentally reshape the way we access and use computing power in the Web3 era

It fills and enhances the gap in the field of decentralized GPU computing. From the current trend of AI development (the market demand for GPU computing power at the trillion level), its own capabilities and explorations are very valuable

IO background and attributes:

Through the A round of financing, Hack VC and others raised $30 million, with a valuation of $1 billion. The capital market is very optimistic about its prospects

DePin protocol, a decentralized artificial intelligence computing and cloud platform based on the Solana distributed GPU system

Project advantages:

io.net has created a decentralized GPU computing network. This aggregation method not only improves resource utilization, but also reduces the overall cost

1. By aggregating globally available GPU resources, it provides low-cost and efficient scalable computing power. To put it simply, it integrates and utilizes idle GPUs around the world to provide customers in need with very cost-effective computing power (relatively low cost. Unlike traditional GPU companies that have high costs that cannot be reduced, IO has significantly reduced the cost of this expenditure for companies in need. In this comparison, will the demand side consider adopting it?)

2. By introducing incentive mechanisms, we attract a wide range of participants to contribute computing power together, which is a closed-loop positive feedback between participants and users, forming a powerful decentralized computing network

3. Dynamic resource allocation and intelligent scheduling are realized to ensure that computing tasks can be quickly and efficiently allocated to the best GPU resources, thereby improving computing efficiency and response speed

4. The Web3 economic model and decentralized computing power potential provide ionet with a strong growth momentum, and realize efficient resource utilization and cost optimization to promote technological innovation, and also provide value for participants, with huge development potential and market space

Coin price estimation:

The maximum supply of tokens is 800 million, and the circulation after listing is 95 million. With the financing of large investment institutions, the project type belongs to AI, DePin track, the market value is relatively high, and the valuation of about 400-500 million is not excessive. The coin price is estimated to be 4.5 knives