We received a community request regarding an important DePin Project, IO.net. Here is our opinion.
Is the native token for io.net, $IO, a gem at current prices? That’s what we’ll be finding out today. But before we begin, let us introduce the project to you.
In short, io.net is a DePIN and AI project. It supports an “Internet of GPUs”, whereby users can access GPU clusters for computing power. Since the team’s inception in 2022, it has raised a total of over $40 million from VCs and backers. We will employ a 3-Point Checklist custom-made for IO.
First, let’s take a look at its Coingecko page here: https://www.coingecko.com/en/coins/io-net
Some key information for $IO:
Take a look at the chart above. $IO has fallen over 50% since its launch early last month. Currently, it’s near the ATLs at the $3.00 region.
From this alone, it seems like a gem, right?
Second, let’s take a look at $IO’s token allocations and sale prices. You can see the token allocations below from its website, io.net:
For the sale prices, you can refer to below: