Binance has introduced its 55th Launchpool project, IO.NET (IO), a decentralized AI and cloud computing platform. Users can stake BNB and FDUSD to earn IO tokens before trading begins on June 11. This launch underscores Binance's support for innovative projects in the cryptocurrency sector.
The Launchpool event allows Binance users to allocate their BNB and FDUSD into separate pools to collect IO tokens over a four-day period starting June 7. The website will be updated within five hours to provide detailed instructions and timelines for the mining operations.
The initial supply of IO tokens is set at 500,000,000, with a maximum cap of 800,000,000 tokens. Initially, 95,000,000 tokens (19% of the total initial supply) will be in circulation. The total volume available for mining is 20,000,000 IO tokens, which is 4% of the initial total supply. The personal hourly mining limits are set at 17,708.33 IO for the BNB pool and 3,125 IO for the FDUSD pool. The token distribution between the pools is 17,000,000 IO (85%) for the BNB pool and 3,000,000 IO (15%) for the FDUSD pool.
