💸 Binance is excited to announce the 55th project on Binance Launchpool - IO.NET (IO), a decentralized AI computing & cloud platform.
Users will be able to stake their BNB and FDUSD into separate pools to farm IO tokens over four days, with farming starting from 2024-06-07 00:00 (UTC).
🤓 io.net is a decentralized AI computing & cloud platform. By aggregating GPU supply from underutilized sources, io.net creates a network that allows machine learning (ML) startups to access nearly unlimited computing power at a fraction of the cost of the traditional cloud.
IO is the native utility token of io.net, and used in the following functions:
1️⃣Payment Currency: Payments & transactions fees within the io.net ecosystem, such as purchasing / supplying underutilized GPU computing power, deploying GPU clusters.
2️⃣Staking: Users can participate in network security & earn share of idle GPU rewards, by either:
✳️Delegate staking $IO tokens with a node of their choice.
✳️Directly staking more $IO tokens to operate on their own node.
3️⃣Governance: The IO token enables holders to participate in the governance of the IO Grants DAO by proposing, voting on, and implementing grant proposals that guide the allocation of funds and strategic direction of the Internet of GPUs Foundation.
🔰IO Launchpool Details🔰
*Token Name: IO.NET (IO)
*Total Token Supply at Genesis: 500,000,000 IO
*Max Token Supply: 800,000,000 IO
*Launchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis)
*Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis)
*Smart Contract Details: Solana $SOL
*Staking Terms: KYC required
*Hourly Hard Cap per User:
17,708.33 IO in #BNB pool
3,125 IO in #FDUSD pool
🤑Supported Pools🤑
Stake $BNB (webpage will be available in around 5 hours): 17,000,000 IO in rewards (85%)
Stake $FDUSD (webpage will be available in around 5 hours): 3,000,000 IO in rewards (15%)
*Farming Period: 2024-06-07 00:00 (UTC) to 2024-06-10 23:59 (UTC).
