Ionet : My Bet for This Bullrun
Artificial Intelligence is changing the world. However, to train it and develop better AI models, we need one critical thing : Compute Power
This indispensable resource powers machine learning models that will shape the AI of tomorrow. Today, we’ll look at Ionet, one of the leaders in the field of access to compute power.
Ionet Presentation
Those who have been reading my posts for a while know this isn’t the first time I’m talking about Ionet. I covered its launch and the airdrop in June. But let’s recap.
Ionet is part of what we call a Decentralized Physical Infrastructure Network (DePIN). Essentially, it’s a project that uses blockchain technology to operate real-world infrastructure. In this specific case, Ionet helps decentralize access to high-grade GPUs and CPUs, offering an alternative to Web 2.0 solutions like AWS or Microsoft Azure.
Source : https://io.net/
The advantage is simple : customers can borrow GPUs for their tasks at a lower cost and with easier access compared to Web 2.0 counterparts.
People or enterprises with unused GPUs or CPUs can lend them to the network and earn rewards for completing jobs. Even when there are no jobs, they earn “block rewards” paid monthly, which can vary between $1–$5 $IO per day depending on the hardware they provide.
Why I’m Betting On $IO
You may wonder : there are other projects offering access to compute power, so why choose $IO?
1. Network Revenue
The network’s revenue, which reflects its utilization, is huge !
Source : https://explorer.io.net/explorer/clusters
Right now it’s near $55k per day ! And the number keep increasing since the launch in June :
Source : https://x.com/JoestarCrypto/status/1867973640085794921
2. Strong team and Advisors
Another reason is the team behind Ionet, which includes founders from Solana and Aptos, among others.
Source : Ionet
3. Position Among Competitors
Ionet stands out among its Web 3 DePIN counterparts, such as Render and Akash.
It is far ahead in terms of revenue, demonstrating strong adoption of the project. Many partners, such as Leonardo AI, already utilize its infrastructure.
These numbers are even higher in reality due to Ionet’s very fast-growing revenue since launch.
Combine this with the fact that $IO has a market cap 10 times smaller than $RENDER, and there’s significant room for the token’s price to grow.
Source : Coingecko
However, a low market cap also means lower exposure to retail investors, which is crucial during a bull run. I’m not too concerned about this, though, because unlike other projects with similar market caps, $IO is listed on all major exchanges like Binance and Coinbase. This makes it easier for people to buy $IO.
Community
I must also mention Ionet’s wonderful community, which has remained active and supportive even after the airdrop phase. With over 500k members in the Discord server and on Twitter (X), Ionet boasts one of the largest communities in the space.
Don’t hesitate to join their Discord to meet other people and earn some $IO by participating in events and being active in your local community. Personally, I earned 50 $IO this way.
For French speakers, I’ll see you in the French channel !
Discord : https://discord.gg/Sx2EG2Am
Twitter (X) : https://x.com/ionet
As always thank you for reading !
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Disclaimer : This is not a financial advice, you need to do your own research !
Ionet : My Bet for This Bullrun was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.