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 part on March 1 and can proceed till April 28.
How does the io.web reward system work?
By way of Ignition, customers will earn factors primarily based on their contribution of graphics processing models (GPUs) to the community.
Different elements, akin to accomplished job hours, node bandwidth, GPU mannequin, uptime, in addition to GPU provider exercise since its inception in November 2023 may even affect the rewards algorithm.
Ahmad Shadid, io.web CEO and founder, avoided commenting on whether or not the rewards factors can 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 sources.
Recognizing the potential of a distributed GPU community, notably for synthetic intelligence (AI) and ML firms, Shadid conceived of io.web, which presently gives entry to tons of of 1000’s of GPUs, boasting decreased prices and accelerated lead occasions.
The platform has seen strong progress 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 can alleviate the GPU compute capability scarcity introduced by the AI trade’s unprecedented growth.
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 venture’s preliminary step towards decentralization and community-driven governance.