zip

[io.net @ionet]

.@ionet introduces Virtual Machine as a Service (VMaaS)

GPU machines ready in minutes
Direct SSH access the moment they are live🧵

[io.net @ionet]

AWS: $156,034
GCP: $140,418
Azure: $88,618
https://t.co/WPMXYiQGVk: $11,299

Same GPUs. Same workload.
92.8% cheaper

[Gaurav_IO @Gaurav_ionet]

Discussions of DePIN as an alternative to global compute are outdated.

DePINs are the new foundation for global compute.

Sustainable growth in the agentic economy requires infrastructure that prioritizes:
💸 Cost efficiency
⚡ Elasticity
🛡️ Developer sovereignty

Thanks to @hackernoon for publishing my thoughts on the future of DePIN x Global Compute.

[Ben Zhou @benbybit]

Bybit Hack Forensics Report
As promised, here are the preliminary reports of the hack conducted by @sygnia_labs and @Verichains
Screenshotted the conclusion and here is the link to the full report: https://t.co/3hcqkXLN5U

[Arkham @arkham]

ALERT: $1B+ OUTFLOWS FROM BYBIT

$1.4B in ETH and stETH outflows from Bybit

The funds have begun to move to new addresses where they are being sold. So far $200M stETH has been sold.

Address: 0x47666Fab8bd0Ac7003bce3f5C3585383F09486E2

[io.net @ionet]

Co-staking is here.

Suppliers: Balance your working capital and block rewards return with co-staking to onboard more GPUs with lower personal stakes.

$IO holders: Co-stake and earn rewards today.

Check out the Co-Staking Marketplace now to stake your $IO and track your earnings:
https://t.co/Der5Hp8KJK

Create a Co-Staking Offer → Device suppliers can list offers here:
https://t.co/r1L8XuBlVW

@ionet accelerates AI

[io.net @ionet]

IO Intelligence is live.

Check it out: https://t.co/gdQtlLEGcE

[Vivek Galatage @vivekgalatage]

And here is a collection of all things CRDT - resources, papers, implementations, etc.!

https://t.co/Mc003PNO8u

Re-post to share with others... The exciting engineering behind all of these is worth spreading!

[io.net @ionet]

If you’re heading to Singapore for #TOKEN2049 and Solana Breakpoint 🇸🇬, you might run into some https://t.co/WLXlHkvE4z team members!
We’re also co-hosting a side event during @SolanaConf , so be sure to come by and say hi!
https://t.co/EnOeKfZo1R

[Awni Hannun @awnihannun]

If you're into federated learning / private ML, check-out Apple's PFL research framework by @Grananqvist and team.

It's a tool for simulating federated learning, and it has support for local training with MLX.

Code: https://t.co/uO5iUzaGf9
Docs: https://t.co/wKoZiVLdtX

[zip @izipik]

Hi. Download World App and visit an Orb to verify your account by Sunday to get 66 WLD in the next year, currently worth $2,847.78.

Enter my code in settings 2CFPLL6.
https://t.co/Uss4vKY2re

[Eli5DeFi @Eli5defi]

This is a significant update marking the next phase for @ionet IOG.

As I mentioned in my earlier posts, when the $IO rewards go live, providers will be encouraged to take part in the IOG:

→ More GPUs will be available.
→ There will be increased computing power within IOG.
→ Costs can be more efficient.
→ This will lead to greater demand.
→ The incentives will be attractive.
→ A sustainable economy will be established within IOG.
→ Don't forget the decreasing $IO emissions and burning.

[io.net @ionet]

Block Rewards are now live on @ionet!

Block Rewards are credited to Suppliers on an hourly basis for making their GPU or CPU available on IOG Network.

Payouts are made in $IO and adhere to a predetermined emission schedule. GPUs and CPUs are eligible for Block Reward nominations if:

- Uptime status is green for the past 5 hours
- POW status is green and was completed within the last hour.
- The account must have a valid wallet address.

For full information on Block Rewards and work eligibility, please visit our docs: https://t.co/FgmDu0oSnJ

[Binance @binance]

Take advantage with BNB Locked Products.

Lock your #BNB to earn triple rewards: $IO tokens, competitive APR, and access to launchpools & megadrops!

Get started ⤵️

[io.net @ionet]

The ionet team has touched down in Singapore for SuperAI.

[io.net @ionet]

Today

[zip @izipik]

@GauravTdhinait @blackbit Perfect solution. 🦾

[Eli5DeFi @Eli5defi]

🤖 IOG Network and IO-Nomics

⇒ You've been reading all the information about @ionet , and the TGE of $IO is just around the corner.

⇒ However, you're still trying to grasp how the IONet economy functions.

⇒ No need to worry! We've created a one-pager specifically for you, which provides a simple and easy-to-understand explanation of the IO-Nomics.

— 🟢 ONE PAGER

— 🔵  What is IOG Network?

⇒ IOG Network or Internet of GPUs is the core infrastructure created to enhance distribution of AI applications and makes advanced AI scaling accessible for builders around the globe.

⇒ IOG is permissionless, progressively decentralized, customizable and optimized to be integrated with lONet existing (such as IO Cloud) and future products/ infrastructure

⇒ IOG will be powered by millions of distributed nodes operated by consumers to crypto miners to independent enterprise grade data centers.

— 🔵 Why Is It Necessary?

⇒ With the growing demand for computing resources, especially in areas such as artificial intelligence and machine learning, IONet and IOG Network offer scalable solutions.

⇒ This transformational approach revolutionizes the accessibility, utilization, and sharing of compute resources, effectively meeting the evolving needs of industries and innovators worldwide.

— 🔵 So How The $IO Economic Works with IOG Network and $IO Now Integrated?

🟠 Supplier: Powering the Network

⇒ Suppliers form the backbone of the IOG Network, providing GPU computing power through independently operated nodes.

⇒ They earn revenue by offering their hardware for hire to users seeking computational resources.

⇒ Suppliers pay reservation fees to the network when their nodes are utilized, in addition to sharing a portion of their Availability Rewards and Hire Fee earnings with stakers who support the network through collateral.

⇒ IONet also partnering with several DePIN projects to onbord their idle GPU resources, such as:

> @rendernetwork
> @Filecoin
> @AethirCloud
> @exa_bits
> @GaiminIo

🟢 User: Accessing Compute Resources

⇒ Users, including machine learning engineers and individuals in need of GPU computing power, leverage the IOG Network to access on-demand compute resources.

⇒ They pay reservation fees for reserving computational power, with options to pay in either $USDC or $IO.

⇒ Users can choose to deploy GPU clusters, cloud gaming instances, and various computational workloads, benefiting from efficient access to cutting-edge technology.

⇒ IONet partnering with several AI project/ Blockchain to utilize GPU resources from IONet, such as:

> @NeuroMeshInfo
> @CryptoEternalAI / @BVMnetwork
> @WorldPlayLeague
> @dstackai
> @krea_ai
> @AlloraNetwork
> @ritualnet
> @QuaiNetwork , and more to come

🔵 Staker: Ensuring Network Integrity

⇒ Stakers play a crucial role in securing the network and maintaining its health. By staking $IO as collateral to node operators, stakers earn a share of the hourly Staking Rewards distributed by the network.

⇒ They also contribute to the network's stability by affirming commitments to suppliers and enforcing quality control measures.

⇒ Stakers share a portion of their $IO Rewards with suppliers, fostering a collaborative ecosystem where mutual benefits drive network growth.

— 🔵  Fees and Rewards in the IOG Network

1️⃣ Reservation Fees

> Users are charged a 0.25% fee on the total cost of reserving compute power.

> Suppliers are charged a fee of 0.25% to reserve their nodes. They paid the reservation fee once they start working or get hired for computation.

2️⃣ Payment Fees
Suppliers incur a 2% fee on earnings from compute jobs paid in USDC, while payments in $IO are fee-free.

3️⃣ Availability Rewards
Suppliers earn hourly rewards in $IO for making their hardware available, shared with stakers.

4️⃣ Hire Fee
Suppliers receive fees when their hardware is hired, with a portion shared with stakers supporting the network.

5️⃣ Staking Rewards
Stakers receive a share of Staking Rewards for securing the network and investing $IO collateral.

— 🔵  $IO Emission

⇒ The emission rate of $IO Coin is important for encouraging network contributors and maintaining a balanced economic system.

⇒ There will be a total of 800 million $IO coins. At the beginning, 500 million coins will be distributed, and the remaining 300 million will be given as rewards to suppliers and their stakers over a period of 20 years.

⇒ The emission will happen on an hourly basis and will gradually decrease over time. This emission strategy promotes network growth and keeps participants engaged.

— 🔵  Burn and Deflation

⇒ Integral to the deflationary nature of $IO is the burning mechanism.

⇒ Revenue generated from network operations is utilized to purchase and burn $IO coins, dynamically adjusting the quantity of tokens in circulation based on market conditions.

⇒ By reducing the outstanding supply of coins through systematic burns tied to network revenues, the burning mechanism creates deflationary pressure on $IO, promoting scarcity and value retention for all stakeholders.

— 🔴 Disclaimer

The information provided in this post is not intended as professional financial or tax advice, and we strongly recommend conducting your own research and consulting with a qualified advisor before making any financial or tax-related decisions.

— 🔴 Tagging my friend that bullish on IONet and DePIN x AI

> @JiraiyaReal
> @wacy_time1
> @Deebs_DeFi
> @Flowslikeosmo
> @CryptoKoryo
> @jake_pahor
> @hooeem
> @zerokn0wledge_
> @alpha_pls
> @OnChainWizard
> @web3_alina
> @MTorygreen
> @blackbit
> @0xHushky
> @rektdiomedes
> @Haylesdefi
> @Hercules_Defi
> @CryptoGideon_
> @thesaint_
> @DeRonin_
> @andrewmoh
> @blocmates
> @0xSalazar
> @2lambro
> @CryptMoose_
> @DefiIgnas
> @andyyy
> @splinter0n
> @matrixthesun
> @arndxt_xo
> @crypto_linn
> @stacy_muur
> @CryptoShiro_
> @0xFitz
> @ahboyash

[io.net @ionet]

ionet is now live on DePINscan by @iotex_io, contributing to a more vibrant DePIN X AI ecosystem.

Dive into transparent metrics at: https://t.co/XdpmbcaKEh

[io.net @ionet]

https://t.co/WLXlHkv6f1 and @exa_bits have entered into a strategic partnership. This collaboration aims to expand compute availability, empowering AI developers at all levels to push boundaries. Learn more: https://t.co/WymDX5kZTQ