io.net (IO)

Use Cases of io.net

• GPU Computing Power Rental: io.net allows machine learning engineers, developers, and individual consumers to rent GPU computing power for tasks such as deploying GPU clusters, running cloud gaming instances, and building applications like Unreal Engine 5 pixel streaming.

• AI and Machine Learning Applications: The network provides decentralized GPU resources optimized for AI/ML operations, enabling users to run serverless AI model inferences and deploy AI workloads efficiently.

• Decentralized Compute Marketplace: io.net acts as a marketplace where independent data centers, crypto mining farms, and professional miners supply underutilized GPU computing power, which users can access on demand.

• Payment and Incentive System: The native token $IO is used for payments within the ecosystem, including renting GPU power, staking to secure the network, earning rewards, and participating in governance.

• Cloud Gaming and Application Hosting: Users can leverage io.net’s GPUs for cloud gaming and hosting applications that require high-performance graphics processing.

• AI Model Deployment and Inference: Platforms like BC8.ai use io.net for AI-generated content and model inference, supporting scalable and decentralized AI services.

• Efficient Resource Management: io.net provides tools for GPU suppliers to manage their hardware, monitor network difficulty, and optimize earnings through staking and diversification.

• Integration with Other Crypto Projects: io.net collaborates with projects like Filecoin and Render to integrate additional GPU resources, expanding the decentralized GPU network.

In summary, io.net provides a decentralized, permissionless, and cost-efficient platform for accessing and supplying GPU computing power, primarily targeting AI, machine learning, cloud gaming, and high-performance computing applications. The $IO token facilitates transactions, rewards, and governance within this ecosystem.

Advantages

• io.net is a decentralized Physical Infrastructure Network (DePIN) that aggregates over 1 million GPUs from independent data centers, crypto miners, and other projects, providing a large supply of computing power for AI and machine learning applications.
• It offers a marketplace where users can rent out their unused GPU power and earn $IO tokens as rewards.
• The $IO token serves multiple purposes: utility, governance, staking, paying fees, rewarding node runners, and accessing DAO voting.
• The platform supports easy onboarding, flexible hardware and geographic selection, and transparent pay-as-you-go pricing without long-term commitments.
• io.net aims to democratize high-performance computing by enabling access to decentralized GPU clusters on demand, potentially saving up to 70% compared to traditional cloud providers like AWS or GCP.
• It has partnerships with notable crypto projects such as Filecoin and Render, enhancing its ecosystem and hardware supply.
• The network includes tools for monitoring hardware performance, staking to increase rewards, and deploying AI workloads efficiently.
• Security is ensured through a consensus mechanism requiring majority node agreement and cryptographic encryption to protect data integrity.
• The project is supported by a growing global community and has integration plans for an end-to-end AI ecosystem with storage and developer tools.

Disadvantages

• The $IO token has experienced price declines and underperformance compared to the broader crypto market and similar portfolios.
• The market capitalization and trading volume show volatility, reflecting fluctuating investor interest and market activity.
• The project faces execution risks, including reliance on decentralized supplier participation and competition from centralized cloud providers.
• The relatively small market size means large holders ("whales") can significantly influence price movements.
• Some community members express skepticism or concerns about the project's legitimacy, reflecting mixed public perception.
• Regulatory scrutiny around AI-generated content and decentralized compute services could impact future development.
• The token price is subject to typical crypto market risks, including bearish cycles and price corrections.

Overall, io.net offers innovative decentralized GPU computing solutions with strong utility and community support but faces typical crypto market challenges and competitive risks.

Founders

The founders of io.net are Ahmad Shadid, Tory Green, Basem Oubah, and Matej Tomazin. Ahmad Shadid is recognized as the original founder and was the CEO before stepping down. Tory Green, also a founder, took over as CEO and was previously the Chief Operating Officer. Basem Oubah is a co-founder involved in AI, cryptocurrency, and decentralized computing solutions.

Leadership Roles

Ahmad Shadid played a key role in starting io.net and led the company as CEO until his recent departure. Tory Green, another founder, is currently the CEO and has been instrumental in guiding the project forward.

Backgrounds and Contributions

The founders come from diverse fields, contributing to the strong foundation of io.net. Their combined expertise supports the development of the world’s largest decentralized AI computing network, focusing on decentralized GPU computing and AI infrastructure.

Investors in io.net

The investors in io.net include a diverse group of venture capital firms and investment groups. Some of the notable investors are AlfaDAO, Ms2 Capital, 6th Man Ventures, and Amber Group. In total, there are 41 investors who have contributed to funding io.net. These investors support io.net’s decentralized GPU network project, which focuses on providing scalable computing power for AI and machine learning applications.

Halal Status of io.net

• No definitive Shariah certification found: There is no explicit mention of io.net having a Shariah Supervisory Board (SSB) approval or a fatwa confirming it as halal.
• General Islamic finance view on crypto: Cryptocurrencies are considered halal only if they comply with Islamic finance principles, such as avoiding interest (riba), gambling (maysir), and excessive uncertainty (gharar).
• Specific to io.net: It is a decentralized computing network powered by the $IO token, used for staking and transactions. However, no direct evidence shows it has been certified halal or complies fully with Shariah law.
• Conclusion: Based on available information, io.net is not confirmed halal because it lacks a Shariah compliance certification or fatwa.