AI is growing fast—really fast. Thanks to something called Huang's Law, GPU performance doubles every two years.
That's even faster than the famous Moore's Law.
What does this mean?
It means AI needs more power, speed, and resources—and it needs them now.
To put the costs and demand into perspective, Chat GPT costs $700’000 per day to run.
There’s one project that is probably the BEST fit to meet this growing demand.
They have unique technology that no one else in the space has, they have 100k GPUs and they only cost a fraction of major cloud providers.
I’ll be doing a deep dive on this project and explaining why I’m incredibly bullish on it.
Not only that I’ll also share with you some key steps you can take to increase your chances of a potential airdrop.
Let’s dive into the GPU DePIN Project to rule them all
Enjoy!
Onchain Edge
Here’s the latest video i uploaded Will Ethena Crypto Lift off soon? (Ethena Price Prediction)
What's the Big Deal with IO.net?
You've probably heard influencers talking about IO.net. I even mentioned Io net in the DePin newsletter two weeks ago.
Here’s why I’m hyped about the project.
IO.net is a decentralized platform that aims to give affordable and scalable GPU power to AI and ML projects.
Think of it as the powerhouse for AI brains.
Here are the 4 main reasons that makes IO.net a game-changer:
It’s decentralized: This means instead of having all the machines in one big warehouse, they’re spread out. This setup reduces risks and boosts performance. It’s also straightforward to set up. You don’t need to KYC unlike with many major cloud providers.
Geographic clustering: IO.net is unique because it can connect machines across different locations super fast. It’s currently the only provider that can offer geographic clustering.
Loads of power: With over 100,000 GPUs, IO.net can handle huge AI demand at a fraction of the cost compared to giants like AWS and Google Cloud.
Saves you money: Because it's decentralized, IO.net cuts down a lot of overhead costs. On average, it costs 90% less than the centralized counterparties.
With the insane number of GPUS and their unique geographic clustering technology, the CEO is confident that IO net is not only a DePin project but will also be the DePin for DePins.
That means many other GPU projects will probably rely on IO net to cover the demand of their customers.
With its massive array of GPUs and pioneering geographic clustering technology, the CEO is confident that IO.net is not just a standout project—it's set to become the gold standard in the industry.
IO net will become the DePin (GPU provider) for DePins.
This groundbreaking approach positions IO.net as the backbone for numerous other GPU-intensive projects, which are likely to depend on its robust infrastructure to meet their customers' demands.
IO Net Token + Airdrop tasks
The CEO mentioned in the Blockmates podcast (a great listen) that the Io net token would launch on April 28th.
That definitely doesn’t give you a lot of time, but I still think you can get a decent airdrop by grinding various tasks.
They have set up a reward program called the Ignition Rewards:
These rewards are mutually exclusive, meaning if you just have the capacity to grind on Discord, then just do that.
On Galxe, you will find many social tasks you can do for IO net that have a good chance of qualifying you for the airdrop.
However, these campaigns involve many participants. It might be worth it to try running your own cluster for a few hours or renting out your GPU.
If you already have a crypto mining rig, it might be worth it.
Use your Crypto mining rig for AI clusters on IO net
If you have a lot of GPUs that are currently mining crypto, you can actually get a 15x Higher Returns renting it out on platforms like Io net. The earnings are much more predictable, and you don’t have to think about market cycles.
Below is a comparison between IO net and NH Ethhash mining marketplace.
By providing your GPU(s) you will also qualify for an upcoming airdrop.
Either way, if i get an airdrop or not I’m pretty bullish on this project and will look at the price action on launch.
Links that don’t suck
Market Updates:
Altcoin News:
Solana developers rush to address network congestion. source
TON airdrops $2.2 million to meme coin traders as Toncoin hits all-time high.
Project Development:
Funding Announcements:
Layer 1 network, Monad, raises $225M led by Paradigm to rival Ethereum and Solana. source (💧 airdrop opportunity)
BitKraft launches new $275 million gaming fund. source
Ellipsis Labs raises $20 million in Series A funding round. source
Jump Capital co-leads $7.5 million seed round for Web3 firm Raiinmaker. source
General News:
Ripple announces the launch of USD-backed stablecoin. source
Trade Idea: $ENA Update
Last week I shared $ENA at around $1.07, which went up to $1.58. With the BTC correction, ENA wicked all the way down to the support at $1.07
This may happen again, so if you want a good entry, you can place some buy orders there.
It’s always good to see which coins recover the fastest during corrections. Those will be the ones that will rally the strongest.
My trade was definitely a win. I sold $W at $1, and it is now trading at $0.61.
TAO - (price level I’m watching)
I’d love to buy some TAO at around $400. I’ll put some bids on binance and hope they get filled.
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Enjoy!
Onchain Edge
