{
 "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",
 "audit": true,
 "one_sentence_zh": "io.net 是去中心化 GPU 算力网络：AI/ML 客户用 USDC 或法币租用 GPU 集群，供应商以 IO 结算并需质押 IO；文档称网络收入用于回购销毁 IO，但找不到任何收入或销毁的公开数据。",
 "one_sentence_en": "io.net is a decentralized GPU network where AI/ML customers pay in USDC or fiat to rent clusters, suppliers are paid in IO and must stake IO; docs say network revenue buys and burns IO, but no public revenue or burn data could be found.",
 "red_lines": {
   "R1": {"hit": true, "note": "官网/博客/文档均无可复算的收入数据（仅周年博文提到 '$8 million in enterprise' 承诺，无细节）；DefiLlama 无条目。收入不可核实。", "sources": ["https://io.net/blog", "https://io.net/docs/guides/coin/io-tokenomics.md", "https://io.net/"]},
   "R2": {"hit": false, "note": "文档称回购销毁资金来自网络收入；未找到执行记录，也未找到来自卖币/增发的证据。", "sources": ["https://io.net/docs/guides/coin/io-tokenomics.md"]},
   "R3": {"hit": false, "unlock_12m_frac_of_circ": null, "note": "未找到解锁数据：分配页只列类别（Seed、Series A、核心贡献者、R&D、生态）不给百分比与解锁表；排放表只覆盖 2024-07~2025-06。流通 410M / 总量 798M，创世 500M 中仍有约 90M+ 未流通（含投资人/团队），比例不能排除 ≥25%。", "sources": ["https://io.net/docs/guides/coin/io-coin-allocation.md", "https://io.net/docs/guides/coin/ionet-monthly-token-emission-schedule.md", "https://api.coingecko.com/api/v3/coins/io?localization=false&tickers=false&community_data=true&developer_data=false"]},
   "R4": {"hit": false, "note": "IO 用于供应商结算、节点质押与奖励，有经济权利。", "sources": ["https://io.net/docs/guides/coin/io-coin.md"]},
   "R5": {"hit": false, "note": "一句话说得清（GPU 租赁，客户付 USDC/法币）。", "sources": ["https://io.net/docs/guides/coin/io-coin.md"]},
   "R6": {"hit": false, "note": "未发现被盗/下架/跑路（检索有限）。", "sources": ["https://io.net/blog"]}
 },
 "A_judge": {"mechanism_executing": null, "mechanism_desc": "文档：'Revenues from the IOG Network are used to purchase and burn $IO'，销毁量随价格动态调整。但未找到任何链上销毁记录、金额或看板，无法确认在执行。", "sources": ["https://io.net/docs/guides/coin/io-tokenomics.md"]},
 "B": {
   "one_sentence": {"score": 1.5, "evidence": "是什么、谁付钱（ML 客户付 USDC/法币）、为什么付（低价 GPU）清楚；但付费规模不可核。", "sources": ["https://io.net/docs/guides/coin/io-coin.md", "https://api.coingecko.com/api/v3/coins/io?localization=false&tickers=false&community_data=true&developer_data=false"]},
   "moat": {"score": 0.5, "evidence": "GPU 聚合无切换成本，面临 Akash/Render 及中心化云竞争；博客内容偏行业评论，无客户留存或利用率数据。", "sources": ["https://io.net/blog"]},
   "ten_years": {"score": 0.5, "evidence": "DePIN 算力有真实需求，但若没有它行业不会倒退；1 年价格 −70.9% 反映市场对商业化的怀疑。", "sources": ["https://api.coingecko.com/api/v3/coins/io?localization=false&tickers=false&community_data=true&developer_data=false"]},
   "people_governance": {"score": 0.5, "evidence": "分配比例与解锁表不公开（文档只有类别名），透明度差；20 年排放至 800M 上限（起始年化约 8%）。", "sources": ["https://io.net/docs/guides/coin/io-coin-allocation.md", "https://io.net/docs/guides/coin/io-tokenomics.md"]}
 },
 "C_judge": {
   "users_growth": {"score": 0.0, "evidence": "未找到证据（explorer 页面未开，无 90 天对比）。", "sources": []},
   "utility": {"score": 0.5, "evidence": "供应商必须质押 IO；客户端可用 USDC/法币，不需持币。", "sources": ["https://io.net/docs/guides/coin/io-coin.md"]},
   "culture": {"score": 0.0, "evidence": "未找到证据。", "sources": []},
   "web3_direction": {"score": 0.5, "evidence": "DePIN 算力是 web3 方向之一。", "sources": ["https://io.net/docs/guides/coin/io-tokenomics.md"]}
 },
 "confidence": "low",
 "notes": "证据弱：收入、销毁、解锁三项核心数据全部不可核；R1 命中。本次未能使用 WebSearch。"
}