Golden Finance reported that according to a research report on the decentralized artificial intelligence computing and cloud platform IO.NET released by Binance Research, io.net has raised $40 million through two rounds of private placements, with a latest valuation of $1 billion. This accounts for 36.24% of the Genesis token supply and 22.65% of the maximum token supply. The distribution of io.net's initial token supply (500 million) is as follows: 20% for seed investors, 16.24% for round A investors, 18.14% for core contributors, 25.61% for R&D and ecosystem, and 16% for the community. The distribution status when the maximum supply of 800 million has been reported before, when the community share will increase to 50%.