Recently, Io.net is the next project announced by the Binance cryptocurrency exchange to launch through the Binance Launchpool platform. Users can trade IO coin starting from 12:00 (UTC) June 11, 2024.
Binance lists Io.net
Binance has just announced the 55th project on Binance Launchpool called Io.net (IO). This is a decentralized AI computing and cloud platform. As usual, users will be able to stake (stake) BNB and FDUSD into separate pools to farm IO coins over four days, with farming starting from 00:00 (UTC) on June 7, 2024 .
Overview of the Io.net project
What is Io.net?
Io.net is a project in the DePIN segment, developed on the Solana network (SOL). It was developed to address the provision of GPU computing capabilities to companies specializing in AI and ML. Expected to provide a cost-effective solution with a reasonable and transparent implementation time, Io.net sees this as a strength to attract attention from today's leading AI companies. now.
We see here two main points of Io.net. One is that Io.net provides a solution to optimize infrastructure costs for AI & ML companies. Simply put, Io.net builds a network with nodes that help provide computing services to customers. According to records, Io.net has established a network of 25,000 nodes and contributed more than 47,000 computing hours to its customer group.
Second, Io.net chose to build on the Solana blockchain as a way to ensure transparency in computational transactions while still facilitating seamless visibility of tasks and transactions between service providers and users. consumption on the blockchain ledger. The IO token that BeInCrypto introduces later will act as a catalyst to incentivize more network participants, including suppliers, customers, and users.
