55th Launchpool Project Introduced on Binance Exchange

Binance has transferred a new pre-sale program to its users. Accordingly, the 55th Launchpool project IO.NET (IO), a decentralized artificial intelligence and cloud computing platform, was introduced.

Users can stake BNB and FDUSD to collect IO tokens before trading begins on June 11. Binance has come out with an exciting announcement announcing its 55th project on Binance Launchpool, a decentralized AI computing and cloud platform called IO.NET (IO). 

IO.NET (IO) is preparing to take important steps in the artificial intelligence and cloud computing sectors by offering an innovative platform and decentralized solutions that increase efficiency and accessibility.

Binance will be the first platform to list the IO token starting on June 11. This launch not only marks an important milestone for IO.NET. It also highlights Binance's commitment to supporting groundbreaking projects in the cryptocurrency space.

Launchpool details for Binance users have also been announced. They will have the opportunity to split their #BNB and #FDUSD into separate pools to collect IO tokens over a four-day period starting June 7.

The website is expected to be updated within five hours of this announcement, providing detailed instructions and timelines for the start of mining operations.

The initial supply of total IO.NET (IO) is set at 500,000,000 tokens. The maximum supply is capped at 800,000,000 coins. Of this, 95,000,000 IO tokens (19% of the initial total supply) will be in circulation initially. The total volume available for mining is 20,000,000 IO tokens, representing 4% of the initial total supply.

Personal hourly mining limits are set at 17,708.33 IO for the #BNB mining pool and 3,125 IO for the #FDUSD mining pool. The distribution of tokens between pools is also stated, with the #BNB pool able to mine a total of 17,000,000 IO (85%) and the FDUSD pool 3,000,000 IO (15%).

What you should know about io.net – 55th Binance Launchpool Project

Following a loud Notcoin listing on Binance, WhiteBIT, and other top exchanges, Binance introduces io.net – the 55th project that uses the functionality of Binance’s Launchpool platform to initially distribute its tokens to the community before trading begins.

Thus, users have the opportunity to claim a share of assets before listing. The total IO supply (during the Genesis phase) is 500 million. 4% is allocated for the campaign, and 19% for the initial circulation.

The project has raised $30 million in a Series A funding round from Hack VC, Solana Ventures, OKX Ventures, and others.

Project Outline:

After the launch of the mining campaign, you need to staking BNB and/or FDUSD to claim a share of the IO token distribution. The maximum amount that can be distributed in one day is 5 million IO (4.25 million for BNB and 750,000 for FDUSD).

The functionality works in such a way that the reward decreases with the increase of users. Therefore, to maximize the reward, you need to join the farming at the very beginning, when there are fewer stakers. You can also make a deposit in advance to qualify for IO from the start.

A total of 20 million IOs will be distributed among the participants:
BNB pool: 17 million IO (85%);
fDUSD pool: 3 million IO (15%).

How to participate in io.net launchpool:

1. Select the desired token pool (FDUSD or BNB) and click on it

2. After familiarizing yourself with the details, click Stake

3. Specify the desired number of tokens and confirm

4. Wait for the distribution to be completed. The tokens will be automatically transferred to the participants’ spot account.

To potentially increase the number of tokens you receive, you need to make a deposit before the start or shortly after it.

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$BNB $FDUSD