Binance Announces the Altcoin It Selected for Launchpool and Its Listing Date!

Binance, the world's largest cryptocurrency exchange, announced which altcoin it chose for its 55th Launchpool project.

In the announcement published on June 6, Binance announced that the decentralized artificial intelligence computing platform IO.NET (IO) was selected as the 55th Launchpool project.

Binance announced that it will list the new altcoin IO with the "seed tag" on June 11 at 15:00 CET with trading pairs IO/BTC, IO/USDT, IO/BNB, IO/FDUSD and IO/TRY.

According to the information provided, Launchpool users will be able to farm for 4 days starting from June 7. Users who want to earn IO will need to stake either BNB or FDUSD.

20 million of the total supply of IO, which is 800 million, will be distributed as a reward at Launchpool. Additionally, 95 million IOs will be released to the market first. There will be two different pools in the reward program, and 85% of the reward will be in the BNB pool and 15% in the FDUSD pool.

17 million IO shares were allocated to users staking BNB and 3 million shares to users staking FDUSD.