Binance Launchpool is a platform that allows Binance users to acquire new token rewards in exchange for staking existing cryptocurrencies. It serves as an innovative way for users to farm new tokens while promoting upcoming blockchain projects. By staking supported cryptocurrencies like BNB and FDUSD.
IO.NET (IO) is a decentralized AI computing & cloud platform. By aggregating GPU supply from underutilized sources, io.net creates a network that allows machine learning (ML) startups to access nearly unlimited computing power at a fraction of the cost of the traditional cloud.
IO is the native utility token of io.net, and used in the following functions:
Payment Currency: Payments & transactions fees within the io.net ecosystem, such as purchasing / supplying underutilized GPU computing power, deploying GPU clusters.
Staking: Users can participate in network security & earn share of idle GPU rewards, by either:
Delegate staking $IO tokens with a node of their choice.
Directly staking more $IO tokens to operate on their own node.
Governance: The IO token enables holders to participate in the governance of the IO Grants DAO by proposing, voting on, and implementing grant proposals that guide the allocation of funds and strategic direction of the Internet of GPUs Foundation.
How to farm Farm $IO by staking BNB and $FDUSD.
Go to Binance app.
Navigate to the Binance Launchpool.
Select IO Pool: Find the IO.NET (IO) farming pool.
Stake BNB and FDUSD: Choose the amount of BNB and FDUSD you wish to stake and confirm your participation.
Earn Rewards: Your staked assets will start generating IO tokens as rewards. The more you stake, the higher your potential rewards.
Reward distribution time
Daily Distribution: Rewards are usually calculated and distributed daily. Each day, based on your staking amount and duration, you will receive a proportion of the total daily reward pool.
Claiming Rewards: You can claim your accumulated rewards at any time. The rewards will be credited to your spot wallet.
Duration: The farming period varies for each project. For IO.NET (IO), check the specific details on the Launchpool page for the exact duration and end date.
🔸Link : https://www.binance.com/en/research/projects/ionet
🔸Users will be able to stake their BNB and FDUSD into separate pools to farm IO tokens over 4 days, with farming starting from 2024-06-07 00:00 (UTC)
🔸Binance will then list IO at 2024-06-11 12:00 (UTC) and open trading with IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY trading pairs. The seed tag will be applied to IO.
#BinanceLaunchPool🔥 #ionet #Launchpool #Binance55thProject(IO)
