đŁ Binance Announces 55th Launchpool Project #IONET (IO)
đ Binance introduces its 55th Launchpool project, IO.NET (IO), a decentralized AI and cloud computing platform. Users can stake $BNB and $FDUSD to farm IO tokens before trading begins on June 11.
đ Initial Circulationđ
âœAt launch, 500 million $IO tokens, 62% of the total token supply, will be in circulation. The initial circulation supply is unprecedented compared to industry practices, which normally see 15% to 20% at launch. This supply will increase to 800 million over time through network rewards. The initial allocation is designed to balance the interests of early investors, core contributors, the R&D and Ecosystem fund, and the broader community.
âŸIo.net has secured a $30 million investment at a $1 billion valuation, demonstrating strong investor confidence in the project's potential to revolutionize the AI computing landscape.
âœIo.net is a decentralized computing network that aims to provide affordable, flexible, and accessible computing capacity for AI developers and enterprises. Its blockchain-based architecture ensures transparency, security, and fair compensation for all network participants.
âŠïžHIGHLIGHTSđ
âœBinance launches IO.NET (IO) as its 55th Launchpool project, with trading set to start on June 11 at 12:00 (UTC).
âŸUsers can stake #BNB and #FDUSDâŹâ© from June 7 to farm IO tokens, with detailed instructions available on the Binance website.
âœBNB surpasses $700, reflecting increased network usage and significant market activity.