I also want to talk about the recent hot topic, http://io.net. It has three major auras: AI, Depin, and Sol.

The three key elements of AI are data, algorithm models, and computing power. For large language simulations, data does not constitute a barrier. While algorithm models may differ, they each have their own strengths.

However, computing power is the scarce resource. Moore's Law tells us that the improvement in hardware performance takes about 18 months in the later stages. Although Moore's Law may not work well now, the supply of computing power is clearly unable to meet the explosive demand growth of AI.

Artificial intelligence is driving the transformation of human society. The first time AI amazed the world was in 2016 when Google's AlphaGo defeated world champion Lee Sedol, showing the world for the first time that AI's capabilities can surpass those of humans. However, at that time, it seemed that AI was still far from our daily lives. The launch of ChatGPT 3 in 2023 made people feel that the AI era has arrived and is closely related to us. We also realize that in the foreseeable future, the advancement of AI will be the main theme of technological progress for humanity.

Therefore, computing power will become the main bottleneck for the development of AI. The solution provided by http://io.net is to use blockchain to establish a distributed GPU network, providing unlimited computing power for ML applications, making computing more scalable, accessible, and efficient. On this decentralized network, http://io.net aggregates the power of three computing resources:

1) Unused computing power in independent data centers

2) Cryptocurrency miners

3) Consumer GPT, with consumers' GPUs accounting for over 90% of the total computing power.

In addition, it also cooperates with Filecoin or Render to fairly obtain computing power.

According to official data, over 800,000 GPUs have been connected to http://io.net, making it the largest GPU computing platform. It surpasses Render Network (rndr) and Akash Network by several orders of magnitude.

Compared to traditional cloud service providers like AWS, http://io.net has clear advantages:

1) Lower cost, about 90% cheaper than AWS and others.

2) Lower entry barriers, no need for KYC, no cumbersome contract process.

3) The decentralized network is open and transparent, allowing users to have real-time access to on-chain data.

Main Products of http://io.net

IO Cloud

IO Cloud is a simple, user-friendly, and visual platform created for users to access http://io.net's distributed GPU computing power. Users can customize GPU clusters according to the needs of their AI or machine learning models and manage them on a daily basis, including detailed information such as accelerators (GPUs), status, and progress.

IO Worker

As the name suggests, IO Worker is mainly for GPU computing power miners. Miners can connect their GPUs to the http://io.net network on the worker page and view their GPU's work status and historical data. It also provides information on miners' income and rewards.

IO Explorer

IO Explorer provides a data window for the operation of the http://io.net network. Like other blockchain browsers, it provides public and transparent data, including network activities, important statistics, data points, and reward transactions, allowing users to easily monitor, analyze, and understand the complex details of the http://io.net network.

Investment Institutions

According to the official token allocation, http://io.net should have received three rounds of investment. Only the latest round of financing has been disclosed, with a $30 million investment led by hack VC, valuing the company at $1 billion. Other participating institutions include Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, OKX Ventures, Foresight Ventures, Longhash, SevenX, ArkStream, Animoca Brands, Continue Capital, MH Ventures, Sandbox Games, and Sandbox, as well as industry leaders such as Solana founder Anatoly Yakovenk, Aptos founder Mo Shaikh and Avery Ching, Animoca Brands' Yat Siu and Sebatstien Borget of Sandbox Games.

Token Economics

The token of http://io.net is IO, with an initial total supply of 500 million, increasing by 12% annually in the first year.

The distribution plan for the 500 million tokens is as follows:

• Investment institutions: 37.5%
• Locked for 1 year, then released linearly over 24 months
• Core team: 12.5%
• Locked for 1 year, then released linearly over 36 months
• Community and incentives: 50%
• 40% unlocked at TGE, then released linearly

Token Use Cases

1) System payment tokens

2) Node staking

Becoming a node requires staking a certain amount of IO, and users can also stake to nodes to receive staking rewards.

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