A day after Binance listed IO.NET ($IO) its price surged 47%

$IO, the native token of the new decentralized GPU network IO.NET, gained popular among users shortly after its introduction. The network gives users with processing capacity. Launched on Mainnet on June 11th, the cryptocurrency now has a market worth of $578M.

In just one day, investors saw a 47% rise. Cryptocurrency holders might receive rewards by donating liquidity to decentralized finance (DeFi) protocols after IO.NET's native farming token was introduced to the Binance launch pool on June 6.

The value of IO.NET hit its all-time high of $6.53 on June 12th, 2024, according to data. On the other hand, the token hit rock bottom on June 11th, dropping to $3.97.

Significant gains of 43.57% vs Ethereum and 41.09% versus Bitcoin were seen by IO compared to the same time last year. Also, in the 24 hours between June 11 and 12, $IO returned a fantastic 64% profit. During this cycle, $748.67 million worth of transactions were processed on the well-known Binance exchange.

Although there have been ups and downs, IO.NET assets are still a good bet for a potentially lucrative investment. This may also be attributable to the fact that on March 6th, this year, IO.NET secured $30 million in Series A financing from a group of investors including Hack VC, Multicoin Capital, and Solana Ventures. The network helps customers save money by consolidating GPU processing resources for AI and ML use cases.

The distributed nature of IO.NET's infrastructure is a major selling point; it allows for the smooth distribution of AI and Python programs with enhanced capabilities, optimized functionality, and better user experience—all while allaying concerns about centralized frameworks, resource management, and monitoring.

With the use of decentralized AI platforms like IOG, progressive AI scaling may be implemented worldwide with no restrictions. Everyone, not only huge IT companies, can become an AI trailblazer with instant access to the IO Cloud and ready-made code blueprints.

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