April 2024 was exceptional for Aethir and the community. It was marked by our successful historical checker node sale and a significant presence at the @token2049 Dubai event 🏝️
↓
We took a leap into the future, unveiling the @AethirEdge, a revolutionary edge computing device powered by the advanced Qualcomm® Snapdragon™ 865 chip, designed to redefine how we interact with technology.
↓
On 20th April, we launched the Testnet versions of the checker owner portal and the checker client GUI/CLI to enable checker node license NFT holders to familiarize themselves with the node operating mechanics.
↓
Our excitement continued as we introduced our Aethir Cloud Drop, aiming to decentralize ownership of our upcoming ATH token by distributing a portion of the token supply among the Aethir community and other dedicated Web 3.0 communities.
↓
We wrapped the month on a high note by launching our ecosystem, @AethirEco, fueled by Aethir's partners 🌐
↓
Visit our blog post to learn about the monthly recap of April month 👉 https://t.co/61zVERpAAs
Magic Eden and Aethir are joining forces 🪄☁️
Aethir's new partner is @MagicEden, the leading global multi-chain NFT platform. We are collaborating with Magic Eden to empower Web 3.0 gaming on a massive scale.
With @AethirCloud and Magic Eden uniting, the future of gaming is not just bright but global. Our partnership is dedicated to transforming blockchain gaming by making it more user-friendly, innovative, and scalable. Aethir's distributed GPU cloud platform provides the foundation to support the next generation of NFT games and to bring these features into blockchain gaming 🎮🌐
Aethir aims to support NFT gaming studios in integrating millions of users worldwide without any complications, ultimately making it accessible to all.
For all the partnership details, check our latest blog 👉 https://t.co/tmGw69czwy
Recap of Aethir Cloud Drop till now ☁️🪂
In just 38 hours,
🔹 more than 78000 members have joined the campaign and earned over 23000 badges
🔹 Aethir has distributed 3000+ additional checker node licenses, strengthening the decentralization of Aethir's DePIN stack.
These numbers demonstrate that the infrastructure ownership of Aethir rests with the community rather than centralized control 🌐
🤖 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
The long-awaited question of "Wen Airdrop?" has finally been answered. Aethir proudly presents the Aethir Cloud Drop to you all ☁️🪂
Launching today and continuing until May 12, this campaign will distribute a portion of the upcoming $ATH token supply to the community 🌍
The largest value creation event in the history of the web has been the monetization of attention — until now.
We're decentralizing this model to unleash an unprecedented $500B+ in value issuance to users.
Announcing the new @layer3xyz: distribution & ID for an omnichain future
ionet partners with @WOMBO to expand the use of Apple silicon chips in AI. This collaboration will leverage decentralized computing to power innovative ML applications and optimize GPU use. Find out more:
https://t.co/1q6kKgrygh
AI driven design platform @krea_ai is using @ionet to power it's innovative products like Real Time Prompting and other AI enabled design features.
Krea AI's powerful set of tools allow designers to instantly generate, edit, and create in real time.
https://t.co/VxmLjqXNzQ
🏀🔥 March Madness Vol 2 on Overtime! 🔥🏀
Get ready for the ultimate March Madness action on @arbitrum 🎉
We're dishing out 45,000 ARB and 50,000 THALES in prizes and rewards!
📈 Volume Rewards: Dive into the 2024 NCAA Men’s Division 1 Basketball Tournament on Arbitrum and snag a piece of the 30,000 ARB rewards pool! Play your positions and watch those rewards stack up! 📊
🏆 Brackets Competition: March 17th marks the start of something epic! Create your March Madness Bracket on Overtime and compete for big prizes, including 5,000 ARB for the top 20 brackets! 🧡💙
The more brackets are minted the higher the prize pool, so make sure to spread the word!
The Perfect Bracket Prize! We're awarding a special prize to anyone who mints a Perfect Bracket with all games predicted correctly- 50,000 THALES + 10,000 ARB! ✅
📅 Save the Date: Selection Sunday is around the corner! Get ready to join the madness at https://t.co/mUzyHukmiO. See you there! 🎉
📚 Dive deeper into the competition rules and prizes in our March Madness blog post: https://t.co/ztihk5kups
Introducing Saga Origins - the first and only web3 publishing house devoted to bringing cutting-edge, quality games to market.
Learn more: https://t.co/QVxXxSBIbm
📣 Heads up, Linea Park adventurers! We are starting Week 6 on March 28th - April 4th! Mark your calendars! 🗓️
Perfect planning just became a breeze. 💨 Zone 6 awaits - are you game? Let the adventures continue at Linea Park! 🎡 https://t.co/Yh4LshgVSp