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.
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Compute job earnings:
- Payments in USDC: 2% fee.
- Payments in $IO: No fee.