What you should know about io.net – 55th Binance Launchpool Project
Following a loud Notcoin listing on Binance, WhiteBIT, and other top exchanges, Binance introduces io.net – the 55th project that uses the functionality of Binance’s Launchpool platform to initially distribute its tokens to the community before trading begins.
Thus, users have the opportunity to claim a share of assets before listing. The total IO supply (during the Genesis phase) is 500 million. 4% is allocated for the campaign, and 19% for the initial circulation.
The project has raised $30 million in a Series A funding round from Hack VC, Solana Ventures, OKX Ventures, and others.
Project Outline:
After the launch of the mining campaign, you need to staking BNB and/or FDUSD to claim a share of the IO token distribution. The maximum amount that can be distributed in one day is 5 million IO (4.25 million for BNB and 750,000 for FDUSD).
The functionality works in such a way that the reward decreases with the increase of users. Therefore, to maximize the reward, you need to join the farming at the very beginning, when there are fewer stakers. You can also make a deposit in advance to qualify for IO from the start.
A total of 20 million IOs will be distributed among the participants:
BNB pool: 17 million IO (85%);
fDUSD pool: 3 million IO (15%).
How to participate in io.net launchpool:
1. Select the desired token pool (FDUSD or BNB) and click on it
2. After familiarizing yourself with the details, click Stake
3. Specify the desired number of tokens and confirm
4. Wait for the distribution to be completed. The tokens will be automatically transferred to the participants’ spot account.
To potentially increase the number of tokens you receive, you need to make a deposit before the start or shortly after it.
