According to an official announcement, Binance announced that IO.NET (IO), a decentralized AI computing & cloud platform, will be the 55th project on Binance Launchpool. Users will have the opportunity to stake their BNB and FDUSD tokens to farm IO tokens over a four-day period beginning at 00:00 (UTC) on June 7, 2024.

The IO token will then be listed on Binance at 12:00 (UTC) on June 11, 2024 with trading pairs IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. IO will be the first seed-labelled token on the platform.

IO.NET (IO) Launchpool Information:

- Token Name: IO.NET (IO)

- Total Token Supply at Genesis: 500,000,000 IO

- Max Token Supply: 800,000,000 IO

- Launchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis)

- Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis)

- Smart Contract Details: Solana

- Staking Terms: KYC required

- Supported Pools: Stake BNB (rewards of 17,000,000 IO) and stake FDUSD (rewards of 3,000,000 IO).

The farming period will run from 00:00 (UTC) on June 7, 2024 to 23:59 (UTC) on June 10, 2024. Further details on IO.NET (IO) will be available in our research report.