(06-08 12:30) Correction: 3. Adjust the expected income of fdusd and bnb mining according to actual conditions.
Let’s simply calculate the expected return of this #Launchpool #新币挖矿 #io.net participation using $FDUSD and $BNB .
FDUSD current circulation: 3.277 billion (06-08 12:30), 3.102 billion (06-07 21:17), 2.977 billion (06-07 16:29), 2.836 billion (06-06 21:00)
The BNB users have in the “BNB Revenue Pool” and “BNB Regular Products” will automatically participate in this Launchpool.
Briefly: io.net is a decentralized AI computing and cloud platform. By aggregating GPU supply from underutilized resources, io.net creates a network that allows machine learning (ML) startups to access nearly unlimited computing power at a fraction of the cost of traditional clouds.
It should be the same track as $RNDR (shared GPU in DePIN). Rndr currently has a total market value of about $5.6 billion, but the direction is different. Rndr focuses on image rendering, while io.net focuses on using gpu for computing, such as using computing power for machine learning, using io.net's computing power to create a web3 version of chatgpt, etc. (mining should actually be possible, but the cost may be too high). In theory, it also belongs to the AI track.
$IO token purpose:
KNIFE.
Staking is used to maintain the integrity and security of the network and earn income at the same time, but there are two ways. One is to deploy nodes and stake tokens by yourself (a certain amount of IO must be staked to prevent malicious behavior); the other way is to delegate IO to other people's nodes for staking.
Payment currency. Payment and transaction fees within the io.net ecosystem, such as purchasing/providing underutilized GPU computing power and deploying GPU clusters. (There are also gas fees, but users may pay with other tokens, and suppliers will be compensated with io tokens of corresponding value)
io.net has raised $40 million in two private rounds, with a latest valuation of $1 billion. This represents 36.24% of the genesis token supply and 22.65% of the maximum token supply.
The price of perpetual futures on aevo is about $4.5 (the trading volume in the past 24 hours is about $44,200, 06-06)
The average off-market price on whales is about $ 4.3 (because it is the average price, the trading volume cannot be used as a reference)
The off-market price on bitget is about $4.5 (the transaction price in the last 24 hours is about $67,900, 06-06)
(It may be underestimated by me. After the last announcement of looking for high-quality project parties, the performance should not be bad. I am also optimistic about it, but the estimation is mainly stable. My mental price may be about twice the estimate.) Finally, assuming that the circulating market value after listing is about $250 million, the estimated currency price is about $2.631, and the initial total market value is about $1.315 billion.
(Please note: this mining will last for 4 days! From 08:00 on June 7, 2024 to 07:59 on June 11, 2024, Beijing time)
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FDUSD pool daily output: 750,000 (750,000) IO
Number of tokens deposited in the FDUSD pool: 2.41 billion.
Deposit 1000 FDUSD, and you will get: (1000 / 2,410,000,000) * 750,000 = 0.3112 IO per day
The expected daily return per 1000 FDUSD is: 0.3112 * 2.631 = 0.8187 $
The expected annualized rate of return of the FDUSD prize pool is: (0.8187 / 1000) * 365 = 29.88%
The expected return on capital of the FDUSD pool is: (0.8187 * 4) / 1000 = 0.327%
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BNB pool daily output: 4,250,000 (4.25 million) IO
Number of tokens deposited into the BNB pool: 18.5 million.
Deposit 1 BNB, and you will get: (1 / 18,500,000) * 4,250,000 = 0.2297 IO per day
The estimated daily income per 1 BNB is: 0.2297 * 2.631 = 0.604 $
BNB is calculated based on a reference price of $690
The expected annualized rate of return of the BNB reward pool is: (0.604 / 690) * 365 = 31.95%
The expected return on capital of the BNB prize pool is: (0.604 * 4) / 690 = 0.35%
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Trading opening time: Beijing time 2024-06-11 20:00
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Calculate the interest costs incurred during the pledge process and the asset impairment caused by exchange rate fluctuations that may occur after or even before the end of the activity
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The initial total supply is 500,000,000 IO (500 million), and the maximum supply is 800,000,000 (800 million). Because of the need to incentivize staking rewards to maintain the integrity and security of the network, there will be additional token "emissions" over a certain period of time until the maximum supply is reached.
Initial circulation: 19% (95,000,000 IO, 95 million). The Binance Launchpool prize pool accounts for 4% of the initial supply (20,000,000 IO, 20 million).
Reference data sources for this article
Tutorial on how to participate in Launchpool
Official documentation related to io tokens: https://docs.io.net/docs/io-coin
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The data is for reference only, please refer to the actual data!
