Nodes.ai (GPU) - A Physical Asset Utility Token

Low market cap with room to run, can it beat out the competition?

April 28, 2024

The GPU rental space has a few large players, but there are number of new entrants to the market. Node.ai was one of the leaders to the market with a Token, and they have their network already deployed. This project is young, but has a lot of catalysts to push it higher as long as it can stand out from the crowd.

Age: 1yr

Current Market Cap: $100,000,000

Total Supply: 100,000,000 (deflationary)

Circulating Supply: 97,150,000 (51%)

Whale Holdings (> 5%): 10%

What is the project?

  • GPU rental for multiple applications

    • capability to launch AI modules via Python & Docker

  • ~350 GPUs currently on network

What is the product?

  • Consumer GPU Rentals

  • Business API product

  • Staking rewards

  • GPU Rental Use Cases:

    • AI training (differentiator from competitor Render)

    • Rendering

    • Scientific research

    • Gaming & VR

    • Healthcare Imaging

    • Edge Computing

    • Financial Modeling

Revenue potential

  • Report $500,000 /mth

  • Does not match GPU data & rates

    • (calculated revenue is max of $229,824 at 380 GPUs, so not good for valuation)

Tokenomics

  • Low supply and deflationary

  • 90% is circulating

    • 4% tax on Buy/Sell

Team & Community

  • Team is doxxed

  • Telegram is good, a lot of FUD and some concern from outsiders on the team

    • seems to be good community support for the team

Financial partners

  • None

Catalysts

  • AI & RWA narratives

    • Multiplier will increase through the bull cycle

    • GPU growth via individuals or data centers (team incentivized)

  • Tier 1 exchange listing

    • May timeline

    • On Uniswap now & one small exchange

  • Consumer GPU unit (Hardware)

    • Physical product

      • Great for marketing, bad for growth if cash spent on project

      • Cash needs to go to marketing

Risks & Downsides

  • Large investor sold

  • Low # of GPUs on network (new project)

  • Blockchain & traditional biz competition

  • Buy/Sell Tax (don’t trade)

Comparable Projects

Keep in mind, the GPU data is poor from projects like RNDR, although the market cap assigned to each GPU lines up well to the Market Cap of Node.ai. The first table below will help us value io.net (special newsletter SNEAK PEAK, haha) when they launch their token.

Scores & Market Cap Predictions

*Information is not intended to be financial advice to the reader.