The io.net Rewards Program: Earn Points for GPU Contributions
io.net, a decentralized physical infrastructure network (DePIN) protocol built on Solana, has announced its new rewards program called Ignition. This program will be launched on March 1 and will run until April 28, just before the token debut in April.
How does the io.net reward system work?
Through the Ignition program, users can earn points based on their contribution of graphics processing units (GPUs) to the network. The rewards algorithm takes into account various factors such as completed job hours, node bandwidth, GPU model, uptime, and GPU supplier activity since November 2023.
Ahmad Shadid, the CEO and founder of io.net, has not confirmed whether the rewards points will be convertible to the platform’s native IO token. However, he did mention that the IO token is expected to be launched on April 28.
io.net’s GPU Initiative
The idea for io.net came from Ahmad Shadid’s previous venture called Dark Tick, a machine learning (ML) and quant trading business that required significant computing resources. Recognizing the potential of a distributed GPU network for AI and ML companies, Shadid created io.net. The platform currently provides access to hundreds of thousands of GPUs, offering reduced costs and faster lead times.
Since its inception, io.net has experienced substantial growth with over 25,000 nodes, more than 47,000 compute hours served, and customer payments exceeding $300,000.
Ignition and the ‘Internet of GPUs’
io.net envisions an “Internet of GPUs” that can address the shortage of GPU compute capacity caused by the rapid expansion of the AI industry. By leveraging the Solana blockchain, io.net ensures transparent proof-of-compute with all transactions visible on-chain.
The upcoming Ignition rewards program is the project’s first step towards decentralization and community-driven governance.
🔥 Hot Take: Earn Rewards for Your GPU Contributions with io.net’s Ignition Program 🔥
io.net, a decentralized physical infrastructure network (DePIN) protocol built on Solana, has introduced a new rewards program called Ignition. This program allows you to earn points based on your contributions of graphics processing units (GPUs) to the network. By participating in Ignition, you can be part of io.net’s vision for an “Internet of GPUs” that addresses the GPU compute capacity shortage in the AI industry.
With over 25,000 nodes and more than 47,000 compute hours served, io.net has already established itself as a leading platform for accessing GPUs at reduced costs and faster lead times. The upcoming launch of the IO token on April 28 further enhances the platform’s value and potential.
By leveraging the power of the Solana blockchain, io.net ensures transparent proof-of-compute with all transactions visible on-chain. This transparency and accountability are crucial for building trust and attracting more participants to the network.
The Ignition rewards program marks an important milestone for io.net as it takes its first step towards decentralization and community-driven governance. As a participant, your contributions will not only earn you rewards but also contribute to the growth and success of the platform.
Don’t miss out on this opportunity to earn rewards for your GPU contributions. Join io.net’s Ignition program today!
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