io.net

io.net is a decentralized cloud network that makes idle graphics processing unit (GPU) capacity held by data centers, miners and individual users available for rent for artificial intelligence and machine learning workloads. IO is the network's token issued on Solana.

Users set up the GPU clusters they need through the network and use them for tasks such as model training, fine-tuning and inference; worker nodes that supply capacity receive payments and network rewards in return for the service. The IO token is used to pay for compute services, for rewards distributed to providers and for staking by nodes to demonstrate their reliability. Burning IO with part of the network's income is also defined as part of the tokenomics model.

The IO price may be affected by GPU demand on the network, which shifts with fluctuations in the AI market, the supply created by emission rewards paid to providers, unlocks and price competition with centralized cloud providers. The price shown for io.net on Lzzo.com is derived from the value formed on the IO/USDT pair on Binance; it is converted into dollars at Coinbase Exchange's USDT/USD rate and displayed on the chart.