55th Launchpool Project Introduced on Binance Exchange

Binance has transferred a new pre-sale program to its users. Accordingly, the 55th Launchpool project IO.NET (IO), a decentralized artificial intelligence and cloud computing platform, was introduced.

Users can stake BNB and FDUSD to collect IO tokens before trading begins on June 11. Binance has come out with an exciting announcement announcing its 55th project on Binance Launchpool, a decentralized AI computing and cloud platform called IO.NET (IO). 

IO.NET (IO) is preparing to take important steps in the artificial intelligence and cloud computing sectors by offering an innovative platform and decentralized solutions that increase efficiency and accessibility.

Binance will be the first platform to list the IO token starting on June 11. This launch not only marks an important milestone for IO.NET. It also highlights Binance's commitment to supporting groundbreaking projects in the cryptocurrency space.

Launchpool details for Binance users have also been announced. They will have the opportunity to split their #BNB and #FDUSD into separate pools to collect IO tokens over a four-day period starting June 7.

The website is expected to be updated within five hours of this announcement, providing detailed instructions and timelines for the start of mining operations.

The initial supply of total IO.NET (IO) is set at 500,000,000 tokens. The maximum supply is capped at 800,000,000 coins. Of this, 95,000,000 IO tokens (19% of the initial total supply) will be in circulation initially. The total volume available for mining is 20,000,000 IO tokens, representing 4% of the initial total supply.

Personal hourly mining limits are set at 17,708.33 IO for the #BNB mining pool and 3,125 IO for the #FDUSD mining pool. The distribution of tokens between pools is also stated, with the #BNB pool able to mine a total of 17,000,000 IO (85%) and the FDUSD pool 3,000,000 IO (15%).