PANews reported on June 6 that according to a research report on the decentralized artificial intelligence computing and cloud platform IO.NET released by Binance Research, io.net has raised $40 million through two rounds of private placements, with a latest valuation of $1 billion. This accounts for 36.24% of the Genesis token supply and 22.65% of the maximum token supply. The distribution of io.net's initial token supply (500 million) is as follows: 20% for seed investors, 16.24% for round A investors, 18.14% for core contributors, 25.61% for R&D and ecosystem, and 16% for the community. The distribution status when the maximum supply of 800 million has been reported previously, when the community share will increase to 50%.
Earlier today, Binance launched the 55th project of new coin mining, using BNB and FDUSD to mine IO.NET (IO). It is reported that IO.NET's IO token will be issued on the day when Binance launches the token spot trading, which is June 11.
