Binance Lists Io.Net: Everything You Need to Know
(note: the post contains data by BeInCrypto)
Binance has listed the IO token from the Decentralized Physical Infrastructure Network (DePin) project io.net. Trading of the IO token commenced on June 11 at 12:00 UTC.
This listing marks a pivotal moment for io.net, as the token currently trades at $3.78. It boasts a fully diluted valuation (FDV) of approximately $3 billion. The FDV is a product of the token’s current price and its maximum supply.
The IO token is the main currency within the io.net ecosystem and is used for services, transactions, and fees. Additionally, it is used to reward contributors for providing their Graphics Processing Unit (GPU) power, incentivizing participation, and supporting network growth.
Crypto investor Axel Bitblaze highlighted the potential of the IO token, comparing it with similar projects.
“Compared with similar projects like Render (RNDR), the FDV for io.net could range from $2.5 billion to $4 billion,” Axel Bitblaze said.
