CoinIvy

Market weather: green · Bitcoin above its 20-week average (31 Oct 2026)

io.netIO

A marketplace that rents spare graphics chips (GPUs) to AI companies, paid in IO.

Rank #409Since June 2024
Price on 31 Oct 2026
C$0.1912 +2.3% since 31 Jul 2026 · 97.8% below its all-time high

The short version

io.net runs a decentralized GPU cloud: independent data centres, crypto miners and individuals rent out graphics chips to AI developers, with jobs and payments coordinated on Solana. Founder Ahmad Shadid has stepped back and Gaurav Sharma is CEO. Since June 2026 the network burns at least half of the post-payout revenue it receives in IO, a model built on an US$8M enterprise contract. On 31 Oct 2026 one IO cost C$0.1912. From 31 Jul 2026 to 31 Oct 2026 its price changed +2.3% in Canadian dollars, and it was 97.8% below its all-time high of C$8.81 set on 12 Jun 2024.[1]

Checked 31 Oct 2026 · 11 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.4711 (8 Nov 2025) · low C$0.1343 (6 Apr 2026) · -53.5%[1]

Month-end prices (table)
DateC$US$
31 Oct 2026C$0.1920US$0.1375
30 Sep 2026C$0.2240US$0.1574
31 Aug 2026C$0.1745US$0.1259
31 Jul 2026C$0.1908US$0.1360
30 Jun 2026C$0.2434US$0.1714
31 May 2026C$0.2646US$0.1918
30 Apr 2026C$0.1585US$0.1167
31 Mar 2026C$0.1482US$0.1066
28 Feb 2026C$0.2579US$0.1886
31 Jan 2026C$0.2693US$0.1996
31 Dec 2025C$0.2061US$0.1505
30 Nov 2025C$0.3106US$0.2215

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026
C$0.1912[1]
3-month change
+2.3% in C$ (31 Jul 2026 to 31 Oct 2026)[1]
From its high
97.8% below its high of C$8.81 (12 Jun 2024)[1]
Market rank
#409, market value about C$78.9M[1]
Kind
Token · Solana (SPL token)
Started
June 2024

Checks: the same 9 questions for every coin

Facts, not a rating
Can an admin key create new coins?NoThe Solana mint authority is revoked; supply is fixed at 800M[2, 3]
Can anyone freeze or take coins from holders?NoNo freeze authority on the Solana token[2]
Can the token's contract code be changed?NoStandard Solana token with no code of its own to change[2]
Is the supply capped?Yes800 million maximum[3]
Any scheduled unlocks in the next 12 months?YesAbout 105M IO, roughly 25% of circulating, plus network emissions[4]
Does a team or foundation hold over 10% of supply?YesInsiders were allocated 34%; insider and ecosystem tokens still vesting equal about 14%[4]
Do network fees reach coin holders?YesAt least half of post-payout IO revenue is burned since June 2026[5]
Main network hacked or halted in the past 2 years?NoNo io.net entry in DefiLlama's hacks list[6]
Is a regulator or court case targeting the coin itself?NoNo live regulator or court case found[5]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by
io.net team; CEO Gaurav Sharma, founder Ahmad Shadid (former CEO), co-founder Basem Oubah[7]
Backers
Hack VC led the US$30M Series A (Mar 2024); Multicoin, Delphi, OKX Ventures and Animoca joined[4]
Admin key
None: the Solana mint and freeze authorities are revoked (checked 1 Nov 2026)[2]

Supply

In circulation
413.32M IO of a 800.00M maximum (51.7%)[1]
Fully diluted value
1.93 times its current market value[1]
Unlocks
About 105M IO (about 25% of circulating) vest in the 12 months from 11 Nov 2026[4]
Emissions
37.5% of the 800M supply is allocated to network emissions[4]
Burns
At least 50% of post-payout revenue received in IO is burned; up to 12M IO in year one[5]

Use and fees

Main use
AI developers rent GPU clusters and pay in IO; GPU suppliers earn IO[3]
Revenue
Not tracked by DefiLlama; blogs cite US$15M+ annualized revenue, company-reported and unaudited[8]
Who gets fees
GPU suppliers are paid first; at least half of the remaining IO revenue is burned[5]

Trading

Daily trading
About C$14.7M a day on average, 31 Jul 2026 to 31 Oct 2026[1]
Daily turnover
Typically 15.88% of its market value changes hands each day[1]
20-week average
8.3% below its 20-week average price[1]
1-year change
-54.3% in C$[1][9]

History

Not a forecast

Coins ranked 201-500 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 8,067 cases, 1,187 coins

33% were higher a year later[10]

Typical result
Median -38% after a year; 33% higher after two years
Lost half or more
44% within a year
Against Bitcoin
11% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

1 red flag found
  • Red flag: About 105M IO, roughly 25% of circulating supply, is scheduled to unlock in the 12 months to Oct 2027, plus network emissions.[4]
  • Seed-sale tokens finish vesting on 11 May 2027; core-contributor tokens keep vesting until 11 May 2028.[4]
  • CoinGecko's circulating supply of IO grew about 13% between 31 Jul and 30 Oct 2026.[11]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

  1. CoinGecko market data, 31 Oct 2026
  2. GoPlus token security, 1 Nov 2026
  3. CoinMarketCap AI (what is io.net), Oct 2026
  4. DropsTab (io.net vesting), 31 Oct 2026
  5. CoinMarketCap AI (io.net updates, citing crypto.news), Oct 2026
  6. DefiLlama hacks, 31 Oct 2026
  7. CryptoRank (io.net team), 31 Oct 2026
  8. BlockEden (DePIN compute revenue), Mar 2026
  9. Bank of Canada USD/CAD rate, 31 Oct 2025
  10. CoinIvy history data: CoinMarketCap weekly rankings 2013-2026, dead coins included
  11. CoinGecko markets data, 31 Oct 2026

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.