What you should know about io.net – 55th Binance Launchpool Project
Following a noisy listing of Notcoin on Binance, WhiteBIT and other major exchanges, Binance introduces io.net, the 55th project to use the functionality of Binance's Launchpool platform to initially distribute its tokens to the community before trading begins .
Therefore, users have the opportunity to claim a portion of the assets before going public. The total supply of IO (during the Genesis phase) is 500 million. 4% goes to the campaign and 19% to initial circulation.
The project has raised $30 million in a Series A funding round from Hack VC, Solana Ventures, OKX Ventures and others.
Project profile:
After the mining campaign launches, you must stake BNB and/or FDUSD to claim a portion of the IO token distribution. The maximum amount that can be distributed in one day is 5 million IO (4.25 million for BNB and 750,000 for FDUSD).
The functionality works in such a way that the reward decreases with the increase in users. Therefore, to maximize the reward, you should join farming early on, when there are fewer participants. You can also make an advance deposit to qualify for IO from the beginning.
A total of 20 million IO will be distributed among the participants:
BNB Group: 17 million IO (85%);
fDUSD Fund: 3 million IO (15%).
How to participate in the io.net launchpool:
1. Select the desired token pool (FDUSD or BNB) and click on it.
2. After familiarizing yourself with the details, click Stake
3. Specify the desired number of tokens and confirm.
4. Wait for the distribution to complete. The tokens will be automatically transferred to the participants' spot account.
To potentially increase the amount of tokens you receive, you must make a deposit before the start or shortly after.
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