📣 Binance Announces 55th Launchpool Project #IONET (IO)
💠 Binance introduces its 55th Launchpool project, IO.NET (IO), a decentralized AI and cloud computing platform. Users can stake $BNB and $FDUSD to farm IO tokens before trading begins on June 11.
🌐 Initial Circulation👇
◽At launch, 500 million $IO tokens, 62% of the total token supply, will be in circulation. The initial circulation supply is unprecedented compared to industry practices, which normally see 15% to 20% at launch. This supply will increase to 800 million over time through network rewards. The initial allocation is designed to balance the interests of early investors, core contributors, the R&D and Ecosystem fund, and the broader community.
◾Io.net has secured a $30 million investment at a $1 billion valuation, demonstrating strong investor confidence in the project's potential to revolutionize the AI computing landscape.
◽Io.net is a decentralized computing network that aims to provide affordable, flexible, and accessible computing capacity for AI developers and enterprises. Its blockchain-based architecture ensures transparency, security, and fair compensation for all network participants.
♦️HIGHLIGHTS👇
◽Binance launches IO.NET (IO) as its 55th Launchpool project, with trading set to start on June 11 at 12:00 (UTC).
◾Users can stake #BNB and #FDUSD from June 7 to farm IO tokens, with detailed instructions available on the Binance website.
◽BNB surpasses $700, reflecting increased network usage and significant market activity.
