The specific operation process of Binance's new coin mining on IO.NET (IO) is as follows:

1. **Mining time**: Users can invest BNB and FDUSD into the IO mining pool on the Launchpool website after 08:00 on June 7, 2024 (Eastern Time 8) to obtain IO rewards. The IO mining activity will last for 4 days.

2. **Mining pool**: The mining pool is divided into two parts, the BNB mining pool and the FDUSD mining pool. The BNB mining pool can mine a total of 17,000,000 IO (accounting for 85%), and the FDUSD mining pool can mine a total of 3,000,000 IO (accounting for 15%).

3. **Mining quota phase allocation**: The mining activity will be from 08:00 on June 7, 2024 to 07:59 on June 11, 2024, Eastern Time 8. The daily mining quota will be allocated according to UTC time.

4. **New Coin Listing**: Binance will list IO.NET (IO) at 20:00 (ET) on June 11, 2024, and open IO/BTC, IO/USDT, IO/BNB, IO/FDUSD and IO/TRY trading markets.

5. **Mining Rules**: Binance will randomly take multiple snapshots of user holdings and the total holdings of the mining pool every hour to calculate the user's average hourly holdings and mining. Users can withdraw the mined tokens to their spot accounts at any time, and the annualized income and total holdings of each mining pool will be updated in real time.

6. **Restrictions**: Users must complete identity verification (KYC) and are not on the list of restricted countries or regions to participate in this new coin mining. Currently, users living in Australia, Canada, Cuba, Crimea, Iran, Japan, New Zealand, the Netherlands, North Korea, Syria, the United States and its territories, and any non-government-controlled areas of Ukraine cannot participate in IO new coin mining.

7. **Other Notes**: Users can redeem tokens from a mining pool and transfer them to other mining pools at any time. After all the tokens in the mining pool are mined, the assets involved in mining and the tokens that have not been received will be automatically returned to the user's spot account. BNB transferred to the mining pool will still enjoy the holding statistics of BNB's standard rights, such as airdrops, Launchpad holding statistics, VIP rights, etc.

Please note that the specific operating procedures and rules may change. Users are advised to carefully read the latest announcements and rules released by Binance before participating. #第55期新币挖矿IO $BNB