This guide explores the financial mechanisms for supplying compute power to the IO network, covering rewards, wallets, withdrawals, and staking—all optimized for seamless participation in this decentralized ecosystem.
Key Financial Components of the IO Network
The IO network operates on a transparent reward system where all worker earnings are paid in IO Coin ($IO). This native cryptocurrency streamlines payments by:
- Eliminating escrow requirements
- Avoiding past-pay billing complexities
- Creating built-in demand for $IO tokens (customers pay in USDC, suppliers receive $IO)
Block rewards and staking further incentivize network participation while maintaining security through Proof of Work (PoW) validation.
Core Financial Features
Rewards Structure
- Block Rewards: 0% fees
- Worker Earnings: 0.25% transaction fee
Wallet Integration
- Supports Solana and Aptos wallets
- Phantom wallet recommended for Solana users
Earnings Tracking
- Real-time monitoring via Earnings & Rewards dashboard
Step-by-Step: Managing Your IO Network Finances
Adding a Wallet to Your Account
👉 Get started with Phantom Wallet
- Navigate to Account Settings (upper-right profile icon)
- Select Add Wallet in the Solana Wallet section
- Connect existing wallet or create new Phantom/Aptos wallet
Withdrawing Funds
- Click USDC balance (upper-right)
- Select Claim Rewards → Choose custom amount or preset values
- Confirm transaction → Track via Soloscan link
Earnings & Rewards Dashboard
Access this tab to analyze:
| Metric | Description |
|--------|-------------|
| Total Compute Hours | Cumulative active service time |
| Claimable Earnings | Available $IO balance |
| Job Categories | Task-specific performance data |
| Monthly Graphs | Visual earnings trends |
Block Rewards Explained
Hourly $IO distributions incentivize GPU/CPU suppliers through:
- Predefined emission schedule
- Transparent tracking via IO Explore
- Worker nomination status visibility
👉 Deep dive into Block Rewards
Staking for Network Security
IO.net's staking program ensures:
✔ Long-term supplier commitment
✔ Malicious activity deterrence
✔ Network integrity through $IO collateral
Key staking benefits:
- Earn additional rewards
- Boost worker priority
- Contribute to decentralization
FAQ
Q: Why does IO.net use its own cryptocurrency?
A: $IO tokens reduce payment friction while creating sustainable ecosystem demand through mandatory transaction usage.
Q: Can I use MetaMask instead of Phantom?
A: Currently only Solana (Phantom) and Aptos wallets are supported.
Q: How often are block rewards distributed?
A: Hourly, following the network's emission schedule.
Q: What’s the minimum stake amount?
A: Stake requirements vary by worker type—check IO Staking docs for specifics.
Q: Are earnings taxable?
A: Consult a tax professional—$IO rewards may constitute taxable income in your jurisdiction.
Last updated 6 months ago