io.net
Binance Launchpool
Active: Jun 7, 2024 – Jun 11, 2024
Blockchain ⏩ Solana
Platform ⏩ Binance
Partners:
Solana
Aptos
The Render Network
Binance Launchpool Features IO.NET (IO) as 55th Project. Decentralized AI computing & cloud platform IO.NET features on Binance Launchpool as the 55th project.
Stake BNB and FDUSD on the Binance Launchpool and participate in the 20M IO distribution.
Overview:
io.net Cloud is a state-of-the-art decentralized computing network that allows machine learning engineers to access distributed Cloud clusters at a small fraction of the cost of comparable centralized services.
Binance users can farm the project’s native utility token, IO, over four days by staking their BNB and FDUSD into separate pools.
“Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B,”
Farming starts on June 7 and will run until June 10 at 23:59 (UTC). After that, Binance will become the first crypto exchange to list IO on 11 June and open trading with the IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY trading pairs.
While the maximum token supply for IO is 800 million, the announcement said the token supply at Genesis will be 500,000,000 IO. The Launchpool token rewards will feature 4% of IO’s supply at Genesis (20 million).
IO has a fixed supply of 800M, 300M of which will be emitted gradually for suppliers and stakers who contribute to io.net’s decentralized network for AI compute. Rewards will be distributed over a period of 20 years with a disinflationary model beginning at 8% in the first year and decreasing gradually until the 800M cap is reached.
Project Links:
Binance Announcement: https://www.binance.com/en/support/announcement/6556e3b5aae54c76adb0fd267b105a15
Website: https://io.net/
Whitepaper: https://developers.io.net/docs/io-coin-1
X: https://twitter.com/ionet
Telegram: https://t.me/io_net
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