GPUnet (GPU)

$GPU @NodeAIETH phase 2 upgrade has rolled out

good to see these guys that keep iterating on the product, even more bullish the fact that at each iteration they are giving more utility to the $GPU token.

the GPU marketplaces has revenues and part of that is shared with $GPU token stakers.

on top of that now they are introducing another utility, GPU renting discounts for $GPU holders/stakers.

the token has no team allocations, and no vcs it stealth launched in Q1 2024.

it actually has a 5% trading fees that's where the team earns from.

i very much prefer this kind of tokenomics, instead of those big team allocations that unlock after a few months/ years and start to beled the charts.

the distribution of the token is fully transparent and onchain, liquidity is good, some whales like Becker are on it, but at these prices and market cap, that's not huge allocations.

i'm increasing my exposure here.

today bought back into $GPU spot

been trading this in Q1 2024 AI season, ran a 10x from 0.25 to 2.5$
sold most at the top

why going back here and now ?

I've been observing the development during the year, they increased their offering a lot, and I think that this meta ( GPU DePIN services ) is just going to grow with the increased demand from ZK markets like Succinct, Boundless, Fermah.

If you are in crypto and need to rent GPUs in cloud I think it makes sense to use crypto native GPU rentals cloud systems.

Usually $GPU moves well when $ETH moves well.

It's correcting due to a wave of fud cause the GPU rentals are currently down ( they are upgrading the system to offer a multi aggregator solution ).

Would have liked an entry below 0.3 but I started to fill orders here, let's see how this plays out in the coming months.