IO.NET Lands on Binance Launchpool as Project 55
Binance has unveiled IO.NET (IO) as the latest addition to its Launchpool platform, marking the 55th project to join the program. IO.NET is a decentralized AI computing and cloud platform aiming to democratize access to AI processing power.
Farming IO Tokens
The Launchpool event allows users to farm IO tokens by staking their holdings of BNB (Binance Coin) and FDUSD (First Digital USD) in separate pools. This four-day farming period kicks off on June 7th and concludes on June 10th at 23:59 UTC. It's important to note that users can only stake their tokens in one pool at a time, but they can allocate their holdings between the two pools if they wish.
IO Tokenomics
With a total initial supply of 500 million IO tokens, only 19%, roughly 95 million tokens, will be released initially. The project has set a maximum supply of 800 million IO tokens. Additionally, 4% of the initial supply, 20 million tokens, have been allocated for mining purposes.
Binance Listing and Trading
Following the farming period, Binance will officially list the IO token. The exact date for trading to commence is set for June 11th at 15:00 UTC. The expected trading pairs include IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY.
A Step Forward for Decentralized AI
IO.NET's arrival on Binance Launchpool signifies a significant development for the project. This exposure will bolster IO.NET's position within the AI and cloud computing sectors. With its focus on decentralized solutions, IO.NET offers a glimpse into the future of accessible AI processing.