Do you understand the currency issuance of IO.NET in this article?

IO.NET is the world's largest decentralized computing network, which allows machine learning engineers to access scalable distributed clusters at a fraction of the cost of similar centralized services, aiming to leverage distributed GPU resources to solve AI and machine learning problems. Computational challenges in learning areas. As a GPU system, the progress of the project has attracted much attention. There have been rumors that the network will launch its own token, but there is no clear news yet, so many investors are wondering whether IO.NET has issued a token. According to the latest news, IO.NET has issued tokens and listed the token IO Coin on Binance Launchpool on June 7. This is explained in detail below.

Has IO.NET issued coins? IO.NET has issued a token. It is understood that the token promoted by IO.NET, IO Coin, was listed on Binance Launchpool on June 7, and began trading on June 11. The name of the token issued by IO.NET is IO Coin. It is the native application token of IO.NET and is the payment and transaction fee within the IO.NET ecosystem. Users can participate in network security and Earn idle GPU reward shares. Additionally, IO Tokens enable holders to participate in the governance of IOGrantsDAO by proposing, voting, and implementing funding proposals that guide the GPU Internet Foundation’s funding allocation and strategic direction. IO.NET was created to build a globally accessible decentralized cloud computing network that provides affordable, flexible, and permissionless access to computing power. With the rise of artificial intelligence, GPU computing capabilities have increased significantly, but there is a serious shortage of GPUs in public clouds. This creates problems such as long wait times, limited selection and high costs. By aggregating GPUs from underutilized sources such as standalone data centers, idle crypto mining farms, and consumers, IO.NET can provide up to 90% less computing power than centralized cloud providers. What is IO.NET? IO.NET is a distributed GPU system based on Solana, Render, Ray, and Filecoin. IO.NET aggregates underutilized computing resources, such as independent data computing centers, cryptocurrency miners, Filecoin and Render and other encryption projects. Redundant GPUs solve the problem of insufficient computing resources, allowing engineers to obtain a large amount of computing power in an easily accessible, customizable and low-cost system. IO.NET introduces a distributed physical infrastructure network (DEPIN) that combines resources from a variety of providers to enable engineers to obtain large amounts of computing power in a way that is customizable, cost-effective, and easy to implement. Iocloud now has more than 95,000 GPUs and more than 1,000 CPUs, supports rapid deployment, choice of hardware, geographical location, and provides a transparent payment process. IO.NET's decentralized resource aggregation is one of its core functions, which enables the platform to utilize distributed GPU resources around the world to provide necessary computing support for AI and machine learning tasks. The goal of this resource aggregation strategy is to optimize resource usage, reduce costs, and provide broader accessibility.

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