io.net
Crypto Overview
Overview
io.net (IO) is a decentralized infrastructure protocol designed to provide computing resources for AI and other intensive computational workloads. The project aims to create a marketplace where users can rent out their computing power to others who need it for AI model training and inference.
Purpose and Utility
The primary utility of the IO token is to facilitate payments between computing power providers and users within the io.net network. The token also serves as a governance mechanism for protocol decisions. The project is still in development, with the mainnet launch expected in 2024.
Business Model
The business model revolves around creating a decentralized marketplace for computing resources, particularly focused on AI applications. This model appears to be based on legitimate value exchange, where parties trade real computing resources for compensation.
Development Activity
The project shows active development with regular GitHub commits and technical updates. The team includes experienced developers from established tech companies and has secured partnerships with notable AI companies.
Token Distribution
The token distribution includes allocations for the team, early investors, and ecosystem development. While specific percentages are not publicly available yet, the project has announced plans for vesting schedules to align long-term incentives.
Crypto Impact
To assign a comfort level investing in io.net from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to io.net.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.