Hi Guys, currently Binance is holding an IO.NET ($IO) launchpool event. Have you understood Binance Launchpool before?
Binance Launchpool
Binance Launchpool is a platform that allows users to earn new crypto tokens by staking their existing tokens. This is a fair way of token distribution, where users can participate and contribute to the decentralization of the crypto project.
Getting to know IO.NET (IO)
IO.NET (IO) is a decentralized AI computing platform & cloud platform. By pooling GPU supplies from underutilized sources, IO.NET creates a network that enables machine learning (ML) startups to access nearly unlimited computing power at a much lower cost compared to the traditional cloud. The project was created to build a globally accessible decentralized cloud computing network, providing affordable, flexible, and permissionless access to computing capacity.
IO.NET has successfully raised $40 million USD through a private sale, with the latest valuation reaching $1 billion USD. Where this can represent 36.24% of the genesis token supply and 22.65% of the maximum token supply.
Usage
Payment Currency, Payment & transaction costs in the io.net ecosystem, such as purchasing/supplying underutilized GPU computing power, GPU cluster deployment.
Staking (Staking directly or becoming a delegator), users can participate in network security & get a share of idle GPU rewards
Governance, The IO Token allows holders to participate in the governance of DAO proposals on IO by proposing, voting, and implementing approval proposals that guide the allocation of funds and strategic direction of the Internet of GPUs Foundation.
IO Ecosystem:
IO.NET: A development company that maintains the IOG Network and builds products and services on top of the network, such as: O Cloud (Cloud platform that allows developers to virtualize clusters) , IO Worker (Provides users with a comprehensive and user-friendly interface for managing GPU node operations ), and O ID (Universal identity management for the IO Ecosystem)
IOG Network, a decentralized physical infrastructure network consisting of independently operated, geographically distributed hardware nodes that provide permissionless access to on-demand computing.
IOG Framework, an open source, developer-friendly SDK that enables developers to deploy products and services on top of the Internet of GPUs.
Tokenomics IO:
Maksimum supply : 800M
Unlock at TGE : 500M
Emissions : 37,5%
Binance Launchpool : 2,5%
Early Backers (need sale) : 12,5%
Early Backers (series A sale) : 10,15%
Initial core contributors : 11,34%
R&D Ecosystem : 16,01%
Community : 10%
IO Business Development:
IO.NET has more than 50 commercial and business development partners.
Offerings: Aethir, Exabits, Hiveon, and Aurory.
Requests: Krea, Nibiru, Ritual, Space and Time, and Quai Network.
How to Farm $IO by Staking#BNBand $FDUSD
Starting June 7 2024, we can participate in the IO.NET farming program on Binance Launchpool. Here are the steps:
Visit Binance Launchpool
Select the desired pool: #Binance offers two pools for farming IO, namely pool $BNB and pool $FDUSD . We can choose one or both.
Stake token: Stake the desired amount of BNB or FDUSD into the selected pool.
Farming begins! After staking, the IO tokens you get will accumulate gradually during the farming period.
note :
- Stake BNB: 17,000,000 IO in rewards (85%) Link : https://launchpad.binance.com/en/launchpool/IO_BNB
- Stake FDUSD : 3,000,000 IO in rewards (15%) Link : https://launchpad.binance.com/en/launchpool/IO_FDUSD
- Farming Period: 2024-06-07 00:00 (UTC) to 2024-06-10 23:59 (UTC).
Reward Distribution
The IO.NET farming period will last for four days, starting on June 7 2024. A total of 20 million IO tokens (2.5% of the total supply) are allocated for this farming program. IO tokens will be distributed proportionally to participants based on the number of tokens used in staking.
Binance will release IO on 06-11-2024 at 19.00 WIB. with pairs:
I/BTC
I/USDT
I/BNB
IO/FDUSD
I/TRY
