IO Coin

IO Coin ($IO) is the native cryptocurrency of the IOG Network, powering its ecosystem and facilitating seamless interactions between key participants. These participants include:

GPU Renters (Users):

Machine Learning Engineers, developers, and individual consumers who use $IO to rent GPU computing power for tasks like deploying GPU clusters, running cloud gaming instances, or building applications such as Unreal Engine 5 pixel streaming. Users can also leverage $IO for serverless AI model inferences via platforms like BC8.ai and other apps hosted on io.net.

GPU Owners (Suppliers):

Independent data centers, crypto mining farms, and professional miners supply underutilized GPU computing power to the network. They earn $IO tokens by providing this compute power.

$IO Coin Holders (Community):

Supporters who stake $IO to secure the network, earn rewards and align incentives across the ecosystem for sustainable growth and adoption.

These roles are flexible—anyone can participate in multiple capacities (e.g., a GPU owner can also be an $IO holder and a GPU renter).

Universal Payment System

The IOG Network’s payment system revolves around $IO. While users can pay in fiat (e.g., USD), USDC, or other supported cryptocurrencies, all payments are ultimately converted to $IO behind the scenes. This approach reduces friction in transactions and avoids traditional issues like escrow and delayed billing, while maintaining strong demand for $IO.

User Payments:

Customers can pay in USDC or fiat for GPU services.
Suppliers receive compensation in $IO, creating demand for the token.

Supplier Options:

Suppliers can opt to receive payments in native $IO or convert earnings into USDC, based on their preference.

Fee Structure: Incentivizing $IO Use

The network’s fee model encourages the use of $IO for transactions while charging minimal fees for critical operations like staking and rewards.

User Fees:

Payments in USDC: 2% facilitation fee.
Payments in $IO: No fee.

Supplier Fees:

Rewards earned through network emissions: No fee.
Compute job earnings:
- Payments in USDC: 2% fee.
- Payments in $IO: No fee.

This fee structure ensures that $IO remains the most cost-effective way to transact on the network.

Network Security and Collateralization

$IO is integral to securing and maintaining the network’s integrity. Two primary mechanisms achieve this:

Node Collateral Requirements:

A minimum amount of $IO must be staked to operate a node and earn idle rewards.

Staking for Rewards:

Additional $IO can be staked up to a maximum limit per node, allowing holders to earn rewards while contributing to the network’s security and reliability.

These mechanisms incentivize active participation and align interests across the network.

Why $IO Matters

$IO is more than just a transactional token—it’s the backbone of the IOG Network, driving economic activity and ensuring network health. Its design creates a dynamic, interconnected ecosystem that benefits Renters, Suppliers, and Holders alike.

By reducing payment friction, offering a flexible fee structure, and integrating network security features, $IO builds a sustainable framework for growth and innovation.

Call to Action

Explore the IOG Network and see how $IO can power your GPU-driven projects or help you monetize unused resources. Whether you’re an AI developer, a data center owner, or a blockchain enthusiast, $IO offers a unified, efficient, and scalable solution.