{
 "symbol": "IO", "name": "io.net", "review_date": "2026-10-08",
 "reviewer": "AI", "model_id": "claude-fable-5-1", "logic_version": "value_v1", "prompt_sha256": "58434c62f807c2035cf603f7f93e6e22db880e9f4172968767efef7d1f326065",
 "one_sentence_zh": "io.net 是去中心化 GPU 算力市场，AI/ML 客户租用分布式 GPU 集群付费，GPU 供应方以 IO 领奖励；2026-06 上线的 Incentive Dynamic Engine 声称按网络收益程序化销毁/回购 IO（承诺 12 个月至少销毁 1,200 万枚），但未找到链上记录。",
 "one_sentence_en": "io.net is a decentralized GPU compute marketplace where AI/ML customers pay to rent distributed GPU clusters and suppliers earn IO; the Incentive Dynamic Engine launched June 2026 claims to burn/buy back IO from network earnings (min. 12M IO over 12 months), but no on-chain record was found.",
 "red_lines": {
   "R1": {"hit": true, "note": "收入只有公司自述（$8M 企业合同、月约 $650K '链上收益'进入 IDE），未找到链上地址、看板或可复算报表；DefiLlama 无条目、票池费用 $0；官方博客页抓取只返回标题。按'既无链上可查也无可复算报表'保守命中。", "sources": ["https://cryptodaily.co.uk/2026/07/io-net-july-unlock-gpu-demand", "https://io.net/blog", "https://tokenomist.ai/io/buyback"]},
   "R2": {"hit": false, "note": "IDE 销毁声称由网络收益驱动，未见国库卖币/增发做回购的证据；但销毁本身也未被核实。", "sources": ["https://cryptodaily.co.uk/2026/07/io-net-july-unlock-gpu-demand"]},
   "R3": {"hit": false, "unlock_12m_frac_of_circ": 0.22, "note": "每月 11 日解锁约 15.8M~15.9M IO（tokenomics.com 标为 Community 类，cryptodaily 称含团队/投资人/生态）。按分配表，种子 12.5% + A 轮 10.15% + 核心贡献者 11.34% = 34% × 8 亿 = 272M，若自 2025-06 起 36 个月线性归属则每月约 7.6M ⇒ 12 个月约 91M；流通按票池 FDV/市值 1.944 反推 ≈ 411M ⇒ 0.22（若按 tokenomics.com 口径流通 330M 则 0.27，越线）。属边界值，取票池分母判不命中，低置信。", "sources": ["https://app.tokenomics.com/tokenomics/io-net/unlocks", "https://tokenomist.ai/io/buyback", "https://cryptodaily.co.uk/2026/07/io-net-july-unlock-gpu-demand"]},
   "R4": {"hit": false, "note": "IO 用于节点质押（masternode/staking 占分配 37.5%）与算力支付结算，承载经济权利。", "sources": ["https://app.tokenomics.com/tokenomics/io-net/unlocks"]},
   "R5": {"hit": false, "note": "一句话可说清：GPU 算力市场，AI 客户付租金。", "sources": ["https://io.net/blog"]},
   "R6": {"hit": false, "note": "本次检索未发现被盗未赔付、强制下架或团队跑路证据。", "sources": ["https://cryptodaily.co.uk/2026/07/io-net-july-unlock-gpu-demand"]}
 },
 "A_judge": {"mechanism_executing": null, "mechanism_desc": "IDE 于 2026-06-11 上线（官方博客列出标题与日期），第三方称首次销毁已执行并承诺 12 个月至少销毁 12M IO，资金来自网络收益（月约 $650K）；但 tokenomist 回购页显示'无回购数据'，未找到销毁交易/地址，无法确认执行。", "sources": ["https://io.net/blog", "https://cryptodaily.co.uk/2026/07/io-net-july-unlock-gpu-demand", "https://tokenomist.ai/io/buyback"]},
 "B": {
   "one_sentence": {"score": 2.0, "evidence": "GPU 算力市场，AI 客户为算力付费，逻辑清楚；但付费规模（$8M 合同、月 $650K）相对 FDV $124M 偏小且未核实。", "sources": ["https://cryptodaily.co.uk/2026/07/io-net-july-unlock-gpu-demand", "https://tokenomist.ai/io/buyback"]},
   "moat": {"score": 0.5, "evidence": "去中心化 GPU 聚合无明显切换成本，与 Akash、Render 及中心化云商直接竞争；'数千 GPU' 规模对超大规模云商可忽略，未见护城河变宽证据。", "sources": ["https://io.net/blog"]},
   "ten_years": {"score": 0.5, "evidence": "运营三年、有企业合同，但去中心化算力需求是否能脱离代币补贴未证明；若消失行业不倒退。", "sources": ["https://io.net/blog"]},
   "people_governance": {"score": 0.5, "evidence": "每月持续解锁，历史解锁后 14 天平均最大跌幅 −11.3%；投资人+团队占分配 34%；IDE 承诺尚无公开兑现记录。", "sources": ["https://app.tokenomics.com/tokenomics/io-net/unlocks", "https://tokenomist.ai/io/buyback"]}
 },
 "C_judge": {
   "users_growth": {"score": 0, "evidence": "未找到证据（无 90 天活跃用户/GPU 供需对比数据）。", "sources": []},
   "utility": {"score": 0.5, "evidence": "节点质押与结算需要 IO，但客户可用法币/稳定币付费，刚需有限。", "sources": ["https://app.tokenomics.com/tokenomics/io-net/unlocks"]},
   "culture": {"score": 0, "evidence": "未找到证据。", "sources": []},
   "web3_direction": {"score": 0.5, "evidence": "DePIN/去中心化算力是 web3 方向之一，但采用未证明。", "sources": ["https://io.net/blog"]}
 },
 "confidence": "low",
 "notes": "R1 命中为保守判定：收入与销毁均只有公司或转载媒体的叙述，未找到链上证据；若后续能打开 IDE 原文并拿到销毁交易哈希，可改判 R1 并把 A 置 true。R3 处于 0.22~0.27 边界，分母口径决定是否越线。"
}