Binance Unveils IO.NET as its 55th Launchpool Project
Binance has announced its latest project on Binance Launchpool, IO.NET (IO), which is a decentralized AI computing and cloud platform. This marks the 55th project to be featured on the platform.
Key Highlights
- Project Announcement: Binance has introduced IO.NET (IO) on its Launchpool, allowing users to farm IO tokens by staking BNB and FDUSD.
- Platform Functionality: IO.NET is designed to provide scalable and cost-effective decentralized computing power for machine learning engineers.
- Staking Period: Users can stake their BNB and FDUSD in separate pools to farm IO tokens starting from June 7, 00:00 (UTC), and the farming will last for four days.
- Token Listing: IO will be listed on Binance on June 11, 12:00 (UTC), with trading pairs including IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY.
- Seed Tag:** IO will carry the Seed Tag, indicating it is in the early stages of development with potential higher volatility and risks.
Detailed Information
- Token Name: IO.NET (IO)
- Total Token Supply at Genesis: 500,000,000 IO tokens
- Max Token Supply: 800,000,000 IO tokens
- Launchpool Token Rewards: 20,000,000 IO (4% of the total supply at Genesis)
- Initial Circulating Supply: 95,000,000 IO (19% of the total supply at Genesis)
- Smart Contract: Solana
- Staking Terms: KYC required
- Hourly Hard Cap per User:
- FDUSD Pool: 3,125 IO
About IO.NET (IO)
IO.NET positions itself as the world’s largest decentralized computing network, enabling machine learning engineers to leverage distributed clusters at a fraction of the cost of traditional centralized services. The platform aims to integrate one million GPUs into its decentralized physical infrastructure network (DePIN).
Recent Developments:
- Partnership with Aptos: IO.NET has collaborated with Aptos to explore the use of blockchain for transparent and immutable records of AI-developed assets and creations.
- Deployment on Aptos: IO.NET has launched its generative AI product BC8 on Aptos, with plans to create new machine learning models for high-quality 3D models and AAA game assets.
Trading Pairs on Binance:
- IO/USDT
- IO/BNB
- IO/TRY
Important Dates:
- Staking Start: June 7, 00:00 (UTC)
- Trading Start: June 11, 12:00 (UTC)
Staking Pools:
- BNB Pool: Stake BNB to farm IO tokens.
- FDUSD Pool: Stake FDUSD to farm IO tokens.
BNB Staking:
FDUSD Staking:
Conclusion
IO.NET's inclusion in Binance Launchpool highlights its potential in decentralized AI computing. With its innovative approach to scalable computing power and strategic partnerships, IO.NET aims to revolutionize the field of machine learning and AI development. Investors should be aware of the associated risks due to its Seed Tag classification and the early stage of the project.
#IOLAUNCHPOOL #BinanceLaunchPool #Solana_Blockchain
Project Details:
Website: https://io.net/
Whitepaper: https://developers.io.net/docs/io-coin-1
X: https://twitter.com/ionet
Telegram: https://t.me/io_net
