Guides

Rewards & Wallets

This document explains the financial aspects of supplying compute power to the IO network.

Suggest Edits

Table of Contents

Rewards and Fees

All worker earnings are paid in IO Coin. IO Coin reduces friction in our payment system, bypassing the use of escrow, past-pay billing etc. At the same time, we balance this by creating a structural demand for $IO in the actual payment process. Every transaction in io.net creates $IO demand because Customers pay in USDC, but Suppliers are compensated with $IO tokens.

To learn more, see IO Coin.

Supplier Rewards & Fees

  • Block Rewards incur no fees.
  • All worker earnings incur a 0.25% fee.

Additionally, the Proof of Work (PoW) mechanism underpinning our ecosystem ensures that each transaction contributes to the network's security and integrity, further incentivizing the use of $IO tokens within the platform.

Add Wallet to Account

To ensure future cryptocurrency withdrawals, you must link your wallet to your account. You can find instructions on how to get it here, using the Phantom wallet as an example. You can connect a Solana or Aptos wallet to your account.

Follow the steps below to add a wallet to your account:

  1. Click on your icon in the upper right and select Account Settings.

  2. In the Solana Wallet section, click Add Wallet.

Withdraw Funds from Your Account

  1. Create a crypto wallet, such as Phantom, or use an existing wallet.

  2. In the upper-right of the screen, click USDC.

  3. On the Claim Rewards dialog, choose Custom to enter a specific amount or select the values to the right: 5, 20, 50, or 100.

  4. Click the Confirm Amount button.

  5. A dialog launches that indicates the payment is being processed, followed by a Success confirmation. You can also track the transaction on Soloscan immediately by clicking on the See on Soloscan link.

Earnings and Rewards Tab

The Earnings & Rewards tabs enable you to view and manage your earnings for various compute jobs.

In the upper-left, select the Earnings & Rewards tab.

On this page, you can monitor your earnings and track data such as:

  • Total Compute Hours Served
  • Claimable Earnings
  • Total Compute Jobs Served
  • Earnings graphs by month
  • Compute Jobs categorized by tasks

Block Rewards

Block Rewards are payments made to suppliers who provide their GPUs or CPUs to the our network. This incentivizes supply-side network growth. These rewards are distributed hourly in $IO, following a predefined emission schedule.

The Block Rewards tab in IO Explore provides a transparent view of io.net's Block Rewards and coin emissions. Users can consult this information to monitor worker nominations and their status. Users can track the performance and success rates for worker nominations and block completion. Information on coin emissions and block rewards provides transparency about io.net network’s health.

For more information, see Block Rewards.

Staking

At IO.net, we're committed to building a robust, secure, and decentralized platform for GPU and CPU supply and demand sides. Our staking program is designed to align incentives, ensure network integrity, and reward active participants in our ecosystem.

Staking is a crucial component of our network security and efficiency. Requiring suppliers to stake $IO allows us to:

  • Encourage long-term commitment to our platform.
  • Create an incentive for good behavior.
  • Establish a mechanism to discourage and penalize malicious actions.

To learn more about Staking, see IO Staking.

Updated 4 days ago