I. What is IO.NET? 1/ How does it work?ย io.net offers a decentralized network of GPUs, providing scalable and affordable computing power for machine learning applications.ย Users can access a vast pool of GPUs from various sources worldwide, making it easier and cheaper to run ML workloads compared to traditional cloud services.ย Key benefits include lower costs, faster access, and high security, all while supporting global and sustainable computational resources 2/ What makes it so potential? Significant cost savings: The platform offers up to 90% cost savings compared to traditional cloud providers like AWS. This affordability makes it highly attractive for startups and organizations with substantial computational needs ๏ฟผ.Global GPU access: io.net provides GPU access across over 138 countries, ensuring a broad and diverse network of computational resources ๏ฟผ.Sustainable computing: Partnering with green-committed data centers, io.net offers sustainable GPU options, supporting environmental sustainability while providing powerful computing resources ๏ฟผ ๏ฟผ.High security standards: io.net prioritizes security with compliance standards such as SOC2 and HIPAA, ensuring that usersโ data and computations are protected to the highest standards ๏ฟผ.Credible backers: io.net raised $30M, led by Hack VC with the participation from multiple tier 1 ventures such as Multicoin Capital, Delphi Digital, Solana Ventures, Aptos,.... II. Launchpool & Token Use Cases
1/ Launchpool Information Token Name: IO.NET (IO)Launchpool Token Rewards: 20,000,000 IO (4% of max token supply)Initial Circulating Supply: 95,000,000 IO (19% of max token supply)Farming Period: 4 days, with farming starting from 2024-06-07 00:00 (UTC).Supported Pools: Stake BNB: 17,000,000 IO in rewards (85%) Stake FDUSD: 3,000,000 IO in rewards (15%)
2/ Token Use Cases Currency for payments: The $IO token is used to facilitate transactions for renting and using GPU resources within the io.net ecosystem. This includes payments by GPU renters and earnings for GPU owners.Staking and Rewards: Users can stake $IO tokens to secure the network and earn hourly rewards. These rewards are distributed following a disinflationary model, which decreases the reward rate over time to control inflation.Governance: Users can use $IO to participate in decision-making about the plan or the future of IO.NET through a voting mechanism. Donโt fade on IO.NET, participate in the launchpool now ๐ Join IO.NET Launchpool Now Donโt have an account? Register & Trade Now to Get a 10% Fee Discount ๐ Trade Now With a Permanent 10% Reduced Fee III. Launchpool & Token Use Cases
Based on the $1 billion FDV from the recent Series A funding round and comparing with similar projects like Render Network and Akash Network, the FDV for IO.NET could range from $2.5 billion to $4 billion. Therefore, the initial price could range between $5 to $8 per token.
Donโt fade on IO.NET, participate in the launchpool now ๐ Join IO.NET Launchpool Now Donโt have an account? Register & Trade Now to Get a 10% Fee Discount ๐ Trade Now With a Permanent 10% Reduced Fee IV. Our POV Factors for Success: Strong Community and User Base: Engaging the community through governance and incentive programs can drive long-term loyalty and participation ๏ฟผ. Technological Advancements: Continuous improvements and innovations in the platformโs infrastructure and services can attract more users and suppliers ๏ฟผ. Strategic Partnerships: Forming partnerships with key players in the AI and blockchain industries can enhance the platformโs credibility and market reach ๏ฟผ. Market Demand for AI Computing: The growing demand for AI and ML computing power can drive the adoption and utilization of IO.NETโs decentralized GPU network ๏ฟผ.
Factors for Failure: Inadequate Demand: Failure to generate sufficient demand for GPU resources could lead to underutilization and reduced profitability ๏ฟผ. Technological Failures: Issues with network stability, security breaches, or technological shortcomings can undermine user trust and disrupt services ๏ฟผ. Market Competition: Strong competition from established cloud providers and other decentralized computing projects could limit IO.NETโs market share and growth potential ๏ฟผ.
Donโt fade on IO.NET, participate in the launchpool now ๐ Join IO.NET Launchpool Now Donโt have an account? Register & Trade Now to Get a 10% Fee Discount ๐ Trade Now With a Permanent 10% Reduced Fee
๐ฃ EXCLUSIVE GIVEAWAY EVENT - BSC Daily ๐ค BC Game
Exciting news! We're thrilled to announce our next campaign with @BCGameOfficial to bring you the $200 USDT #Giveaway ๐ฅ
Rules:
1โฃ Register on BC Game - https://t.co/pBhAUdzwpA 2โฃ Follow @BCGameOfficial & @bsc_daily 3โฃ Like & RT this post 4โฃ Drop your UID in the comment section ๐
๐ IO NET Ann: https://www.binance.com/en/support/announcement/introducing-io-net-io-on-binance-launchpool-farm-io-by-staking-bnb-and-fdusd-6556e3b5aae54c76adb0fd267b105a15
๐ IO NET Research: https://www.binance.com/en/research/projects/ionet
๐จ Crypto Pulse: Last 24H Crypto News Recap!๐จ
$SAND - Value $1B $BORA - will release BORA 3.0 on June 11. $ADA - Argentina say yes in collaboration $MASK - Season 1 Staking $TAIKO - Upbit Listing $W - @wormhole Hint staking feature
๐
$SAND - @TheSandboxGame Ethereum Game Valued at $1 Billion With New Funding
$ADA - Creator Defends Cardanoโs Ecosystem from Heated Cryptomedia Backlash
$DYDX - hints at a major announcement tomorrow, surpassing their Android launch.
$MNT - @Bybit_Official now allows registration and authentication for users from China.
$OM - @MANTRA_Chain partnered with ZAND BANK, licensed by the UAE Central Bank.
Understanding Native and Isolated Liquid Restaking
When it arrived, Liquid Staking shaked the market by introducing a class of assets that allowed users to earn yield and simultaneously remain capital efficient. Now, thereโs a new shiny boy in town: Liquid Restaking has arrived and is poised for success. With Liquid Restaking, the process of staking and restaking is simplified, and rewards can be automatically compounded to maximize returns. Is there anything better than more yield for the same assets? In this post, we will do a deep dive into the different types of staking methods and what is the best choice for your investment needs. Native Liquid Restaking Tokens (nLRTs) What is Native Liquid Restaking? To understand native liquid restaking, letโs first start with what is restaking. Restaking is a new concept introduced by EigenLayer. It allows you to use your staked ETH or ETH liquid staking tokens (LSTs) to add security to another layer of smart contracts.
Native liquid restaking protocols have taken this a step further. By incorporating a staking and restaking module under the same roof, they allow users to enter EigenLayerโs platform with just one click. This makes the entire process much simpler for users, allowing them to earn two layers of rewards while managing only a single asset. Key Features of Native Restaking: Increased Liquidity: Unlike traditional staking, where tokens are locked and illiquid, nLRTs keep staked tokens liquid. This liquidity enables users to participate in various DeFi activities without the need to unstake their assets.Higher Yield: Utilizing nLRTs allows users to compound their staking rewards. The liquid nature of these tokens supports continuous participation in multiple staking opportunities, effectively multiplying potential returns.Interoperability: nLRTs are highly interoperable with different blockchain protocols, making them versatile tools in a multi-chain DeFi environment.
How Native Restaking Works Letโs take the example of InceptionLRT. When you stake their ETH, they receive inETH (Inceptions nLRT) representing their staked and restaked position of their ETH. Thus, you are earning both rewards with a single click. These tokens can be used across various DeFi protocols, such as collateral for loans, providing liquidity in decentralized exchanges (DEXs), or participating in yield farming strategies. Essentially, nLRTs simplify the user's ability to maximize returns while maintaining flexibility.
Isolated Liquid Restaking Tokens (iLRTs) What is Isolated Liquid Restaking? Unlike the liquid staking market, which only had ETH as the underlying asset, the LRT market offers a wide range of tokens for restaking. This includes native ETH, as we covered above, as well as LSTs like stETH or rETH, greatly expanding the number of assets available. Isolated Liquid Restaking Tokens (iLRTs) ensure that each staked asset is represented by a dedicated iLRT. This way, users receive a unique iLRT for each asset they restake, making it easy to track individual assets and providing the following benefits:
Key Features of Isolated Restaking Risk Management: iLRTs isolate restaking activities to mitigate risk. Each restaking action is compartmentalized, ensuring that issues in one of the underlying assets do not affect others.Security: By isolating restaking activities, iLRTs provide an added layer of security. Users can restake their assets without exposing their entire portfolio to potential vulnerabilities.Flexibility: iLRTs offer flexibility in managing multiple restaking positions. Users can independently manage and monitor each isolated stake, allowing for more precise control over their investments.
How Isolated Restaking Works With iLRTs, users stake their tokens in isolated pools. Each pool operates independently, meaning that the performance or failure of one pool does not impact the others.
This compartmentalization is crucial for users who wish to diversify their staking strategies without incurring undue risk. iLRTs are particularly beneficial for risk-averse investors who seek to leverage restaking rewards while maintaining stringent risk controls. Comparison: Isolated vs Basket Based Restaking Basket-based liquid restaking solutions, such as those offered by Kelp and Puffer, for example, aggregate multiple assets to provide diversified exposure. While it provides simplifying staking diversification, these solutions are susceptible to different types of risks such as: Asset Management Complexity: Managing the underlying LSTs within a basket and their weightings introduces additional layers of complexity, which can lead to an overall LRT depegging.Potential Performance Risks: The performance of a bLRT relies on the combined performance of its basket, making it more susceptible to unpredictable market swings. For investors seeking a balance between maximizing returns and managing risk, isolated restaking with iLRTs presents the most compelling solution. Isolated restaking focuses on transparency and individual asset tracking to empower users to make informed investments while mitigating potential risks. Read all about Isolated Liquid Restaking tokens, on InceptionLRTs Blogpost:
> https://www.inceptionlrt.com/blog/isolated-liquid-restaking-tokens-i-lr-ts-all-you-need-to-know/ Meet InceptionLRT: The Best of Both Worlds By understanding the distinct features and benefits of the different types of restaking, users can now better navigate the dynamic world of DeFi and tailor their staking strategies to meet their specific needs. The good news is that investors no longer have to choose between native or isolated restaking. Thanks to a recent merger between InceptionLRT and Genesis, investors can now manage both token types on the same protocol. The strategic merger has resulted in a pioneering Restaking SuperDapp, the first to integrate both native and isolated restaking services, designed to optimize restaking rewards while ensuring high security and liquidity.
Explore and enjoy the world of DeFi with InceptionLRT by your side helping you bring the best liquid restaking experience possible. InceptionLRT Expansion to BNB Chain
Understanding the potential of BNB Chain to become a pillar in the Restaking Industry, InceptionLRT has expanded to the BNB Chain through itโs own native brige. Users can now bridge their inETH and inwbETH tokens to BNB Chain, providing liquidity to Thena's inETH/ETH Pool and earning rewards in the form of BNB and other tokens.ย > https://www.inceptionlrt.com/app/bridge/
This Integration is an important milestone for InceptionLRT, as it continues to push the frontiers of DeFi and offer users new and exciting opportunities. In the future, users will also be able to directly Restake on BNB Chain, further improving the protocol's reach and providing even more prospects for growth and rewards.
๐ข Lista DAO Price Prediction Contest - BSC Daily
Predict the H1 candle's closed price of Lista DAO when $LISTA is listed on @Binance on June 20th to grabโคต๏ธ
๐ Prize: $100 USDT for 5 members who have the closet prediction in the comment section before the snapshot time will get the reward (maximum deviation percentage: 20%) ๐ค
Rulesโ
1. Like & Share the post on Binance Square: click here
2. Share this post with your price prediction & your EVM address on Binance Square to receive the prize:
Keep an eye out for these upcoming token unlocks on the following date ๐๏ธ
๐
June 3: @SuiNetwork June 8: @ensdomains, @tensor_hq June 9: @Stepnofficial June 10: @Cheelee_Tweet June 11: @goldfinch_fi, @dYdX June 12: @Aptos June 14: @highstreetworld, @Immutable , @rss3_ June 15: @SeiNetwork, @Starknet , @BuildOnCyber June 16: @arbitrum, @Uniswap June 17: @BoredApeYC June 18: @MantaNetwork June 19: @pixels_online June 22: @SpaceIDProtocol June 23: @coin98_wallet June 25: @H2O_Homes, @alt_layer June 26: @gate_io June 27: @YieldGuild, @axelarnetwork June 28: @POKTnetwork, @opencampus_xyz June 29: @Portalcoin
Predict the H1 candle's closed price of Notcoin when $NOT is listed on @Binance on May 16th to grabโคต๏ธ
๐ Prize: $100 USDT for 5 members who have the closet prediction in the comment section before the snapshot time will get the reward (maximum deviation percentage: 20%) ๐ค
Rulesโ
1. Like & Share the post on Binance Square: click here
2. Share this post with your price prediction Binance Square to receive the prize
๐ข Bounce Bit ($BB) Price Prediction Contest - BSC Daily
Predict the H1 candle's closed price of @BounceBit when $BB is listed on @Binance on May 13th to grabโคต๏ธ
๐ Prize: $100 USDT for 5 members who have the closet prediction in the comment section before the snapshot time will get the reward (maximum deviation percentage: 20%) ๐ค
Rulesโ
1. Like & Share the post on Binance Square: click here
2. Share this post with your price prediction & your EVM address on Binance Square to receive the prize:
๐ข Bounce Bit ($BB) Price Prediction Contest - BSC Daily
Predict the H1 candle's closed price of @BounceBit when $BB is listed on @Binance on May 13th to grabโคต๏ธ
๐ Prize: $100 USDT for 5 members who have the closet prediction in the comment section before the snapshot time will get the reward (maximum deviation percentage: 20%) ๐ค
Rulesโ
1. Like & Share the post on Binance Square: click here
2. Share this post with your price prediction & your EVM address on Binance Square to receive the prize:
๐ @RTFight_App is on the rise! Collaborating with Thundermark, a leader in AI venture funding, and bringing in Ryan Horn, ex-Binance NFT/Sports Director, as ambassador๐
With prominent VC & advisors backing, RTF is getting ready for a major CEX listing!