1. A new high-quality private sale has arrived in the XXX community. The date is 2024/03/10. See Figure 1.
Project: io.net
Total token supply: 1 billion
Unlock schedule: 3-month lock-up, followed by a 12-month release period
Listing time: Two to three weeks after the Bitcoin halving
Initial tier-1 exchanges: Binance and OKX
Minimum investment: 1500U
Private sale price: 0.6U
Project overview:
io.net is a decentralized GPU network designed to provide computing power for ML (machine learning). It aggregates computing power by assembling over 1 million GPUs from independent data centers, crypto miners, and projects like Filecoin or Render.
IO is a utility token. Its functions include distributing incentives to IO Workers, rewarding AI and ML deployment teams for continuously using the network, balancing supply and demand, pricing compute units for IO Workers, and community governance.
Most utility tokens have an initial circulating supply of around 15%, so IO’s circulating supply at launch should be limited. According to a previously leaked tokenomics model, the expected monthly supply of IO after listing is about 2.27%, halving every two years.
Price prediction:
Assuming 150 million IO tokens are in circulation right at launch, with an estimated initial market cap of 300 million, the IO token price would be 2U.
Factoring in other possible allocations, about 50%—roughly 500 million IO tokens—will be in circulation after one year. For an AI + DePIN + SOL track, a 2 billion valuation is very conservative, which would put the token price at 4U each.
The project is exceptionally high-quality overall. In its Series A, it secured 30 million USD in funding from top-tier institutions like Multicoin, Delphi, Solana Labs, and OKX. There will definitely be more funding rounds to come, and the ceiling is very high—a 5 billion market cap is within sight. I recommend everyone to participate.
The minimum investment is 1500U. If you want to invest, send me a direct message. Allocations are limited and available on a first-come, first-served basis.
2. Then, on 2024/04/28, a change notice was issued. This effectively changed the cost price to 0.75 U per token. See Figure 2.
To everyone who previously subscribed to io.net, we now need to notify you of the following:
Because IO has changed its tokenomics, the original total token supply has been reduced from 1 billion to 800 million. As a result, the shares delivered by the institution will also decrease proportionally by 20%. Rest assured, these tokens were not pocketed by us or the upstream institution. The fundamental reason is that at the institutional level, private sale subscriptions are based on a percentage rather than a fixed quantity. For example, if you subscribe to 10% of the total allocation, and the total supply is 1 billion, you receive 100 million tokens. If the total supply changes to 800 million, you receive 80 million tokens. We hope you understand.
The current OTC price of IO has reached 5U per token, while our VIP subscription price was 0.6U. In retrospect, our initial judgment was quite accurate. Recovering the cost within two months of unlocking is basically not an issue. If any friends find this change in subscription quantity unacceptable, you can contact me within a week, and I can help transfer your allocation to others within the community.
3. Ultimately, I subscribed to a 2500U allocation myself. See Figure 3.
4. On 2024/06/11, it was listed on centralized exchanges like Binance and Gate. On 2024/06/13, I noticed the price was 5.734 U per token. Therefore, the net profit is: (5.734 – 0.75) / 0.75 * 2500 = 16613 U. The net return rate is 6.65 times. See Figure 4.
5. The only concern right now is that the token price might drop later, so we need to find a way to lock in profits in advance. One option is to borrow a portion of io (the maximum amount of tokens you can borrow depends on your account asset value) and sell it. When the io tokens unlock and reach my hands later, I can repay the loan. This way, even if the token price falls later, the return rate is still guaranteed. However, if the token price continues to rise later, it will be a bit frustrating. In that case, you can sell a portion in advance instead of selling everything. I plan to sell 500 tokens when the price rises to 8.25 (i.e., a 10x increase) to recover the cost first. See Figure 5.
