If you are a former Ethereum miner and have a graphics card, currently the crypto airdrop of the Io.Net Depin project will be right for you.
Participating is free as well as very simple: all you have to do is create your own working node, and connect it to the Io.Net network to provide computing power in exchange for future rewards.
From May 1st, the “Season 2” of the incentive campaign for this project has been launched: we have until May 31st to obtain the highest possible token allocation.
All the details below.
What is and how does the DePin Io.Net project work?
Io.Net is a DePin (Decentralized Physical Infrastructure Network) project that is building a decentralized computer network aimed at offering low-cost computing power.
It operates similarly to Grass, acting as an intermediary for the buying and selling of hashpower, but with a more complex structure.
With the emergence of the trend of artificial intelligence and machine learning, the amount of verified data and the ability to process them are becoming very important factors for the future growth of a suite of new applications.
Io.Net supports this sector by encouraging owners of graphics processing cards, the same ones used for mining ETH during the “Proof of Work” era, to offer part of their computational power to the network.
It is no coincidence that on the official website’s home page, the project defines its infrastructure as “The Internet of GPUs“.
Already today over 550,000 GPUs are connected to the Io:net network, and many AI developers and engineers can take advantage of the computing power absorbed with a simple click, at a discounted price of 90% compared to other cloud providers. The team’s stated goal is to reach 1 million integrated hardware.
From a more technical point of view, it is worth mentioning how the network supports batch inference, parallel training, hyperparameter optimization, and reinforcement learning, optimizing performance on a GPU network for AI/ML workloads.
We remind you that Io.Net is a platform that lives on the Solana blockchain, being able to take advantage of the cost-effectiveness and fluidity of transactions. Solana
From May 1st until the end of the month, a crypto airdrop campaign is ongoing that will reward all users who have created their own working node and shared it with the rest of the network with a token allocation.
A total of 7,500,000 IO tokens have been allocated for this session, which will be assigned exclusively to ecosystem participants who have passed the proof of work verification (automatically performed every 6 hours) and to those who are active during the snapshot.
This will be randomly selected at any time during the month of May.
Regarding the specifications of graphics cards, you can delve into the requirements for bandwidth and other details on this doc.
We remind you that the DePin project is supported by VCs such as HackVC, Multicoin Capital, Sandbox, Delphi Digital, and Aptos, and has recently received funding for 30 million dollars.
Overall Io.Net is valued at 1 billion dollars. Most likely, the IO token’s FDV will be around this figure on the day of its launch on the crypto markets.
How to participate in the crypto airdrop by installing your own working node and using an unused graphics card
As already mentioned, participating in the Io.Net crypto airdrop is free, unless you don’t own a graphics card and have to spend money to buy one.
Actually, even without having a specific processor, it is possible to participate in the campaign in its social part, but we do not expect any particular economic rewards if a node is not created.
If you are still interested in “social farming” you can take a look at the initiative of Galxe X Discord: complete activities, participate in AMAs and get verified roles on Discord.
For former ETH miners, for gamers, or in general for owners of a GPU with specifications valid for the purpose in question, creating a working node and connecting it to the rest of the network is a piece of cake.
First of all, you need to go to the official website of the project and create your account. Then click on the logo “Io/worker” in the top left corner and select “worker“. Then proceed to “connect new worker” by adding the data of the device you are going to use.
Configure everything by indicating the operating system (Mac OS, Windows or Linux), the provider (Io.net or Render) and, finally, assign a unique name to your device and choose the type of device (GPU or CPU)
Once this is completed, to be eligible for the crypto airdrop you will need to download and configure Docker Desktop (guide for MAC), then start the binary.
In the mobile window, click on “containers“, then open the terminal and paste all 3 commands found on the previously opened web page and start each of them.
Wait for the configuration and click “refresh” occasionally: it may take about 48 hours.
After completing the configuration, simply type “docker ps” in the terminal and you’re good to go. The “CPU%” column will show the processing power of your processor.
Last advice, to set up the payment account click here and set up a Solana address using a wallet like Phantom.
Below is a guide (prepared directly by the Io.Net team) that shows step by step how to perform the steps just presented on a Windows operating system. In the same Youtube channel there is the same guide for MAC
Hurry up and join the Ai revolution with Io.Net: the crypto airdrop campaign ends on May 31st!