Binance, the world's largest cryptocurrency exchange, announced the launch of its 55th Launchpool project called IONET (IO). Users can now purchase IO, the native token of this decentralized AI and cloud computing platform, using BNB and FDUSD.
According to the official statement from Binance, trading of IO tokens will begin on June 11, 2024 at 12:00 UTC. On this day, it will be possible to trade IO tokens in pairs with BTC, USDT, BNB, FDUSD and TRY.
Farming on Binance Launchpool will be available for four days, offering 4% of the total supply of IO tokens. 17 million IO tokens are allocated to the BNB pool, and 3 million to the FDUSD pool, for a total supply of 500 million tokens.
IONET recently partnered with Aptos Labs to provide transparent and immutable accounting of assets and developments created using artificial intelligence. IONET aims to revolutionize the fields of artificial intelligence and cloud computing with decentralized solutions.
According to the platform, the IO token is a “currency of computing power” that allows access to global computing resources. Avery Ching, co-founder and CTO of Aptos Labs, said: “Decentralized physical infrastructure networks like IONET provide the foundation we need to make artificial intelligence products and services available to everyone around the world.”
In other news, Binance reported reaching the 200 million user mark, doubling its user base in just two years. The platform thanked its community for its support and expressed its desire to attract 1 billion users.
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