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Financing status
ROOTDATA data shows that io.net has completed its second round of financing, with the latest valuation of US$1 billion and a total financing amount of US$40 million, as follows:
On May 1, 2023, the completion of a $10 million seed round of financing was announced;
On March 5, 2024, it was announced that it had completed a US$30 million Series A financing, led by Hack VC. Other participants included Multicoin Capital, Delphi Digital, Foresight Ventures, Animoca Brands, Continue Capital, Solana Ventures, Aptos, LongHash Ventures, OKX Ventures, Amber Group, SevenX Ventures and ArkStream Capital, among others.
According to the official document released by io.net, its native token is IO, the maximum supply of tokens is fixed at 800 million, and the initial supply is 500 million IO. Its specific distribution is as follows:
Community: 250,000,000 IO, accounting for 50.00% of the total supply;
R&D and Ecology: 80,000,000 IO, accounting for 16.00% of the total supply;
Seed investors: 62,000,000 IO, accounting for 12.50% of total supply;
Series A investors: 51,000,000 IO, accounting for 10.20% of the total supply;
Core contributors: 56,500,000 IO, accounting for 11.30% of total supply.