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⭐⭐⭐Binance Announces 55th Launchpool Project: IO.NET (IO)
The 55th Binance Launchpool project is IO.NET (IO), a decentralized AI computing and cloud platform
⭐Key Points
The 55th Binance Launchpool project is IO.NET.
Staking BNB and FDUSD farms IO
Binance announced IO.NET, its 55th Launchpool project, in a formal statement. Decentralized AI computing and cloud platform.
The exchange said the website would be ready in 5 hours before Launchpool.
Users may stake BNB and FDUSD into different pools to farm IO tokens for four days. Farming begins June 7, 00:00 (UTC).
On June 11, 12:00 (UTC), Binance will list IO and trade these pairs:
IO/BTC
IO/USDT
IO/BNB
IO/FDUSD
IO/TRY
The Seed Tag will be applied to IO. The Seed Tag, which replaced the Binance Innovation Zone, is a tag used to classify cryptos that are usually in their initial stages of development and may not yet have a working product or established user base.
Tokens with a Seed Tag on Binance might exhibit higher volatility and investment risks when compared to other listed tokens.
IO Launchpool details
Token Name: IO.NET (IO)
Total Token Supply at Genesis: 500,000,000
IO tokensMax Token Supply: 800,000,000 IO tokens
Launchpool Token Rewards: 20,000,000 IO (meaning 4% of the total token supply at Genesis)
Initial Circulating Supply: 95,000,000 IO (meaning 19% of the total token supply at Genesis)Smart Contract: SolanaStaking Terms: KYC requiredHourly Hard Cap per User: 17,708.33 IO in BNB pool and 3,125 IO in FDUSD pool
IO.NET—what is it?
IO.NET, the world's biggest decentralized computing network, lets machine learning professionals use scalable distributed clusters for a tenth of the cost of centralized systems, according to their website.
A DePIN Decentralized physical infrastructure network with one million GPUs is the team's goal.
IO.NET and Aptos recently announced a cooperation to investigate how blockchain might offer a transparent and immutable record of AI-created assets and inventions.
The IO.NET generative AI product BC8 was implemented on Aptos.
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