io.web, a Solana-based decentralized bodily infrastructure community (DePIN) protocol, introduced a brand new rewards program forward of its token debut in April.
This system, named Ignition, is about to enter its preliminary section on March 1 and can proceed till April 28.
How does the io.web reward system work?
Via Ignition, customers will earn factors based mostly on their contribution of graphics processing models (GPUs) to the community.
Different elements, equivalent to accomplished job hours, node bandwidth, GPU mannequin, uptime, in addition to GPU provider exercise since its inception in November 2023 can even affect the rewards algorithm.
Ahmad Shadid, io.web CEO and founder, kept away from commenting on whether or not the rewards factors could be convertible to the platform’s native IO token, confirming solely the token’s anticipated launch on April 28.
io.web’s GPU initiative
io.web was born out of Ahmad Shadid’s first enterprise, Darkish Tick, a machine studying (ML), quant buying and selling enterprise requiring substantial computing assets.
Recognizing the potential of a distributed GPU community, notably for synthetic intelligence (AI) and ML corporations, Shadid conceived of io.web, which presently offers entry to tons of of hundreds of GPUs, boasting diminished prices and accelerated lead occasions.
The platform has seen strong development since its inception, with over 25,000 nodes, greater than 47,000 compute hours served, and buyer funds exceeding $300,000.
Ignition and the ‘Web of GPUs’
io.web envisions an ‘Web of GPUs’ that may alleviate the GPU compute capability scarcity introduced by the AI trade’s unprecedented enlargement.
By leveraging the Solana blockchain, io.web ensures clear proof-of-compute with all transactions seen on-chain.
The upcoming Ignition rewards program marks the undertaking’s preliminary step towards decentralization and community-driven governance.
