io.internet, a Solana-based decentralized bodily infrastructure community (DePIN) protocol, introduced a brand new rewards program forward of its token debut in April.
This system, named Ignition, is about to enter its preliminary part on March 1 and can proceed till April 28.
How does the io.internet reward system work?
Via Ignition, customers will earn factors based mostly on their contribution of graphics processing items (GPUs) to the community.
Different components, akin to accomplished job hours, node bandwidth, GPU mannequin, uptime, in addition to GPU provider exercise since its inception in November 2023 can even affect the rewards algorithm.
Ahmad Shadid, io.internet CEO and founder, avoided commenting on whether or not the rewards factors could be convertible to the platform’s native IO token, confirming solely the token’s anticipated launch on April 28.
io.internet’s GPU initiative
io.internet was born out of Ahmad Shadid’s first enterprise, Darkish Tick, a machine studying (ML), quant buying and selling enterprise requiring substantial computing assets.
Recognizing the potential of a distributed GPU community, significantly for synthetic intelligence (AI) and ML corporations, Shadid conceived of io.internet, which presently supplies entry to a whole bunch of 1000’s of GPUs, boasting lowered prices and accelerated lead occasions.
The platform has seen strong progress since its inception, with over 25,000 nodes, greater than 47,000 compute hours served, and buyer funds exceeding $300,000.
Ignition and the ‘Web of GPUs’
io.internet envisions an ‘Web of GPUs’ that may alleviate the GPU compute capability scarcity introduced by the AI business’s unprecedented growth.
By leveraging the Solana blockchain, io.internet ensures clear proof-of-compute with all transactions seen on-chain.
The upcoming Ignition rewards program marks the venture’s preliminary step towards decentralization and community-driven governance.
