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docs_depin/docs/depin_specs/compute_networks/io_net.md
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io.net Detailed information about io.net 7

io.net

Overview

io.net is a decentralized AI computing network built on Solana, designed to aggregate underutilized GPU resources globally to power AI and machine learning applications. By leveraging a Decentralized Physical Infrastructure Network (DePIN), io.net connects independent data centers, crypto miners, and projects like Filecoin and Render to provide scalable, cost-effective computing power. Founded by Ahmad Shadid (later succeeded by Tory Green in 2024), the platform aims to democratize access to GPU resources, reducing costs by up to 90% compared to traditional cloud services.

Key Features

  • Currency: $IO (native token) and $IOSD (USD-pegged stablecoin).
  • Buying Currency: Available on exchanges like Binance, where it was listed via a Launchpool campaign in June 2024.
  • Utility:
    • Payments: $IO is used to pay for GPU/CPU rentals and transaction fees; $IOSD offers stable pricing.
    • Staking: Stake $IO to secure the network, earn block rewards, and participate in governance.
    • Governance: $IO holders vote on protocol upgrades and ecosystem decisions.
  • Automation:
    • AI-driven dynamic resource allocation optimizes task distribution based on hardware specs, location, and cost.
    • Smart contracts automate payments, slashing penalties, and reward distribution.
  • API: Yes. Integrates with Ray and Kubernetes for scalable AI/ML workflows.
  • User Perspective:
    • Developers: Deploy AI models, access 1M+ GPUs, and use tools like IO Cloud for cluster management.
    • Providers: Monetize idle GPUs/CPUs through hourly rewards and staking.

How It Works

  1. Resource Aggregation:
    • GPU/CPU providers register devices on io.net, which are verified and pooled into a global network.
  2. Task Allocation:
    • Users submit compute jobs (e.g., AI training), and the platform dynamically assigns tasks to optimal hardware using smart scheduling algorithms.
  3. Execution & Payment:
    • Jobs run on distributed nodes, with results validated via test cases. Payments in $IO/$IOSD are automated via blockchain.

Staking

  • Staking Requirements:
    • Minimum stake per GPU: 200 $IO. High-end GPUs (e.g., NVIDIA H100) require 10x multiplier (16,000 $IO for 8 H100s).
    • 14-day cooldown period for unstaking.
  • Rewards:
    • Block Rewards: Distributed hourly—80% to GPU providers, 20% to CPU providers.
    • Slashing: Malicious actors lose staked $IO; slashed tokens are burned after a 1-month appeal window.

Documentation

For technical guides, tokenomics, and API integration:

Additional Resources

  • Official Links:
  • Community:
  • Partnerships:
    • Collaborations with Aptos Labs, Aethir, and Mind Network enhance AI security and cross-chain interoperability.

Ecosystem Components

Product Functionality
IO Cloud Manages decentralized GPU clusters for AI/ML deployments.
IO Worker Dashboard for providers to monitor hardware performance and earnings.
IO Explorer Analytics tool tracking network activity, rewards, and resource utilization.

Tokenomics

  • Max Supply: 800M.
  • Distribution:
    • 50% to community, 20% to investors, 20% to core contributors, 10% ecosystem fund.

FAQ

  1. Is it usable by the average DePIN user?
    Yes, io.net is designed to be user-friendly, with an intuitive interface and accessible documentation. It caters to both technical and non-technical users, making it an excellent choice for the average DePIN user.

  2. Can I pay with tokens to use the DePIN product offered by the project?
    Yes, io.net supports payment using its native token. Users can also utilize other common tokens such as ETH or USDT, enhancing flexibility.

  3. Can tokens be automatically switched from other standard tokens (e.g. ETH, BTC)? While io.net does not support automatic token switching natively, users can easily convert tokens like ETH or BTC to the native token through major exchanges, ensuring seamless integration.

  4. If I would provide the service, what is my ROI, do we need to stake, etc.?
    Providers can earn a competitive ROI by contributing resources. Staking the native token is typically required to participate, with rewards distributed based on contribution levels and market demand.

  5. Why does the project exist, why do the people and the planet need it?
    io.net aims to decentralize essential services, enhancing efficiency and sustainability. By optimizing resource utilization, it offers a greener alternative to traditional centralized solutions.

  6. Is it geo-aware?
    io.net supports global deployment, allowing users to leverage resources across different regions, ensuring flexibility and compliance with local regulations.

  7. Is it cost-effective?
    io.net is highly cost-effective, offering solutions that can be significantly cheaper than centralized alternatives, providing substantial savings.