IO. It emerged recently as one of the most promising projects in the sphere of cryptocurrencies – NET (IO for short). It has, of course, known by the name of Binance Launchpool’s 55th project. NET is an AI computing and cloud platform that is to function at a decentralised level. This pioneering project will endeavour to overhaul the paradigms concerning the accessibility and usage of AI and cloud computation.
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The following are the IO key facts:NET
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Function:
Special emphasis of the decentralized artificial intelligence computing and cloud platform

Project Significance:
Much more effective, easy to organize compared to central AI and cloud computing options.

Binance Launchpool Debut: IO
. It is the 55th project to be a launch on the Binance’s Launchpool.
Token Details:
An Amplified Futures multiple token — an amplified multiple token indicates a technological Multiple value derived from a Multiple asset – IO is the native token of the IO. NET platform.

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Trading Launch:
It will also be home to the IO token which will begin trading on June 11 th, 2024, at 12:00 UTC on the IO platform.

Trading Pairs:
Specifically, the new https://golink.io|IO trading pairs that will launch include IO/BTC, //IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY.

Farming IO Tokens

When IO has not begun trading, customers are allowed to stake on binance Launchpool to farm IO tokens. The farming period starts on June 7th, 2024, at 00:This corresponds to the kick-off date for the PSC application on December 00 UTC and ends on the 10th of June 2024 at 23:59 UTC. It is important to note that two different pools that you can use for staking are available.
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BNB Pool:
Hold BNB and be the one earning 85% (17,000,000 Ƣ) out of the total farming rewards.

FDUSD Pool:
Crypto enthusiasts can invest their FDUSD tokens to be capable of farming productively by receiving 15% of the farming rewards which totals 3,000,000 IO.

Benefits of IO. NET
While further research is yet to reveal the capacity, which IO. NET is yet to be fully explored, the project promises several advantages:NET is yet to be fully explored, the project promises several advantages:

Decentralization:
In contrast to conventional cloud services, IOaaS delivers infrastructure services and utilizes virtualization to support various tasks. In fact, NET uses a decentralized approach and therefore has a number of advantages over the traditional centralized manner of trading including, transparency, security, and control of the system.

Enhanced Accessibility:

IO. The goals of the NET are quite simple and clear: to provide individuals with AI computing resources and make them available for a great number of users and developers.
Increased Efficiency:
The fact that car ownership is personal and not tied to a particular organization is the main reason for the decentralization of IO. Proposed by the multiple layers of the Neural Equivalent Technology (NET), this concept can enable better rationing and usage of resources.

Important Note:

As per the current status, there is the possibility of fraudulent websites and applications who are planning to sell the IO token before the official release date on Binance, and thus, the investors need to be careful.

Further Resources:
For further information including the full profile of IO please read the following sections: NET and the IO token, you can refer to the official Binance announcements.
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The market itself spans across a lot of categories and comprises many projects that strive to attract investment. Of these tokens, some can be considered as having promising values because of the underlying technology, active communities behind the projects, and possible large fluctuations in their prices. Below are five such crypto coins which are present in the top 100 founded market capitalization and might be good investment areas for 2024.
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1. Toncoin

Current Price: $7. 391

Market Cap: $17. 84 billion1

Rank: 91

Toncoin is an utility token of The Open Network or TON project’s native cryptocurrency which envisions the creation of a blockchain ecosystem that is effective and accessible to the public. Since TON is a perfect candidate that attracts developers and users, it can have potential growth due to its relatively high throughput.

2. NEAR Protocol $NEAR
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Current Price: $7. 451

Market Cap: $8. 06 billion1

Rank: 171
Growing usability and adaptability are shown by NEAR Protocol as a competitive project in the context of blockchain solutions. Using it could be here due to the basic concept of its sharding technology, as well as the possibility of its further development by developers leading to its increasing adoption and, therefore, the increase in the price of its network.

3. Kaspa (KAS)

Current Price: $0. 181

Market Cap: $4. 33 billion1

Rank: 261

According to Kaspa, it’s considered to be the world’s fastest blockchain with the new blockDAG algorithm. As the project develops, it may become popular among users as a platform for decentralized applications and for purchasing in-game items and other goods for cryptocurrency, which would require fast and cheap operations.

4. Aptos (APT) $APT

Current Price: $9. 191

Market Cap: $4. 02 billion1

Rank: 281

Aptos is a Layer 1 blockchain whose key objectives are to ensure secure and highly scalable blockchain environments. It grabbed attention for the plans and the team that is behind it .
5. Arbitrum (ARB) $ARB
Current Price: $1.11Market Cap: $3.23 billionRank: 34
Arbitrum is a Layer 2 scaling solution for Ethereum that aims to improve its transaction speed and reduce costs. As Ethereum continues to grow, solutions like Arbitrum could become increasingly valuable.
This list of cryptocurrencies has been compiled by giving consideration to its market standing today, as well as the latest in technology and future prospect. But efficacy depends again on sufficient independent research on the client’s part and acceptance of the innate risk of the cryptocurrency markets. It is also essential to remind the audience that this chart only displays historical data, and new results may differ significantly, especially when investing in cryptocurrencies.

The cryptocurrency Shiba Inu, known for its dog theme, has been burning a lot of its tokens lately—192% more in just one day! This means millions of Shiba Inu tokens have been taken out of circulation on purpose, to make them rarer. A Twitter account dedicated to tracking these burns, Shibburn X, says that over 4.7 million SHIB tokens were burned, which is a huge jump of 207.81% from before.
Shib
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While all this burning is happening, people are waiting to see if Shiba Inu’s price will make a big move, especially since Bitcoin and other big cryptocurrencies aren’t doing much. Bitcoin’s price has been pretty flat, staying between $67,000 and $69,000, and this is happening at the same time as the stock market is having a tough time.
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Shiba Inu itself had a great run earlier, with its price jumping up 20% to $0.0000294 on May 29 after several days of gains. But now, it looks like some people are selling their Shiba Inu to make a profit, which has been happening for four days. Because of this selling, Shiba Inu’s price has dropped a little, by 2.18%, to $0.00002473.
What happens next with Shiba Inu’s price depends on whether enough people buy to stop the price from falling further. If they do, the price might stay the same or even go up again. But if more people keep selling, the price could drop to a point where it will be a real test to see if it can start climbing again. Right now, staying above $0.00002454 is important for Shiba Inu to keep its momentum and not lose more value.
$SHIB

IN the ever-evolving landscape of digital finance, the security of cryptocurrency exchanges remains a paramount concern. The recent breach at DMM Bitcoin, a prominent Japanese exchange, has sent shockwaves through the crypto community. On May 31, 2024, the exchange suffered a catastrophic hack, resulting in the loss of 4,502.9 BTC, valued at a staggering $305 million.
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The incident unfolded with surgical precision as the hackers orchestrated the transfer of the stolen bitcoins to ten distinct addresses, dispersing the funds in an attempt to obfuscate their trail. This meticulously planned attack not only signifies a substantial financial blow to DMM Bitcoin but also underscores the vulnerabilities that persist within the infrastructure of digital asset exchanges.
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In response to the breach, DMM Bitcoin has implemented stringent measures to halt further unauthorized transactions and has temporarily suspended all spot trading activities on its platform. The exchange has assured its clientele that the lost bitcoins will be fully compensated for, with the procurement of equivalent BTC supported by its group companies.
This heist ranks as the eighth-largest cryptocurrency theft in recorded history, a dubious distinction that highlights the ongoing battle between security experts and cybercriminals. As the investigation continues, the crypto world watches with bated breath, hoping for a resolution that will restore confidence in the security of their digital assets.
The DMM Bitcoin hack serves as a stark reminder of the risks inherent in the digital currency space. It is a call to action for exchanges worldwide to fortify their defenses and for investors to exercise due diligence in safeguarding their investments. The future of cryptocurrency may hinge on the industry’s ability to learn from such breaches and to develop more robust security measures that can withstand the ingenuity of cyber thieves.
For now, the DMM Bitcoin saga continues to unfold, with the crypto community rallying together in the face of adversity, determined to emerge stronger and more secure than ever before..

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