In 2024, Solana airdrops = money printing machine.
I have uncovered a groundbreaking project merging Solana, AI, and DePin with a huge airdrop on the way.
Here's everything you need to know about ionet.
ionet is a decentralised cloud computing service built on the Solana network. Their aim is to provide vital computing power for large scale AI projects.
The project sits at the intersection of the DePin and AI narratives. Both of which are primed for explosive growth in 2024.
The project has already partnered with major players like Solana, Render, and Filecoin.
For more information on the project, its infrastructure, and my investment thesis, take a look at my in-depth analysis.
https://x.com/jake_pahor/status/1767687030052643225?s=20
In this thread, I want to outline the airdrop opportunity.
I'm going to run ionet through my airdrop framework to demonstrate why I believe it's one of the top airdrop opportunities worth exploring.
One major advantage is that you don't require any capital to take part; all you need is a Solana wallet and computer.
In early March 2024, @ionet_official successfully raised $30m in a series A funding round. Led by some top tier investors:
Hack VC
Multicoin Capital
M13
Delphi Digital
Solana Labs
Aptos Labs
On the 1st March, the team announced their 'Ignition Program'. There are two main ways that you can participate and I would highly recommend you do both.
Complete Galxe quests (e.g. visit website daily, social interactions).
Connect a device and supply compute power.
@ionet_official has already amassed over 160,000 worker nodes worldwide.
Anyone with a computer and an internet connection can set up their own worker node and begin earning rewards. Detailed guides on how to set up can be found in the project documentation.
Let's run some numbers. At it's current $1b valuation (conservative imo), $IO airdrop could easily be in the 8-9 figure range:
1% = $10m
5% = $50m
10% = $100m
There are currently 160k nodes setup and 227k participants in the Galxe quests. So overall, not too diluted yet.
There are a huge number of bullish catalysts propelling ionet forward:
Solana ecosystem
Intersection of AI + DePin
Integration with @GaiminIo
Partnership with @rendernetwork & @Filecoin
Ignition program and airdrop
Expansion to facilitate Apple M series chips
Setting up a worker node only takes about 15 minutes, and completing Galxe quests is relatively easy.
Daily quests like visiting websites and messaging the Discord will only take 5-10 minutes once your Galxe setup is ready.
Another benefit is that participating is free.
Overall, ionet earns a score of 6.70 on my airdrop assessment tool. Putting it in 8th position overall. This could easily be one of the biggest Solana airdrops of 2024.
Note: I am an early investor of @ionet_official as I am bullish on the project and the team.