io.net

Token

Launchpool

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Binance announced its 55th project on Binance Launchpool, IO.NET (IO).</li>
 <li>Users can farm IO by staking BNB and FDUSD.</li>
</ul>
<p>In an <a href="https://www.binance.com/en/support/announcement/introducing-io-net-io-on-binance-launchpool-farm-io-by-staking-bnb-and-fdusd-6556e3b5aae54c76adb0fd267b105a15?hl=en" rel="noopener noreferrer nofollow" target="_blank">official announcement</a>, Binance has just revealed its 55th project on Binance Launchpool, IO.NET (IO). This is a decentralized AI computing and cloud platform.</p>
<p>The exchange revealed that the webpage is estimated to be available in 5 hours, before the Launchpool starts.</p>
<p>Also, users will be able to stake their BNB and FDUSD into separate pools to farm IO tokens for four days. Farming is set to start on June 7, 00:00 (UTC).</p>
<p>Binance will list IO on June 11, 12:00 (UTC), and open trading with the following trading pairs:</p>
<ul>
 <li>IO/BTC</li>
 <li>IO/USDT</li>
 <li>IO/BNB</li>
 <li>IO/FDUSD</li>
 <li>IO/TRY</li>
</ul>
<p>The Seed Tag will be applied to IO. The Seed Tag, which replaced the Binance Innovation Zone, is a tag used to classify cryptos that are usually in their initial stages of development and may not yet have a working product or established user base.</p>
<p>Tokens with a Seed Tag on<a href="https://crypto.ro/en/news/binance-announces-54th-launchpool-project-notcoin-not/" rel="noopener noreferrer nofollow"> Binance</a> might exhibit higher volatility and investment risks when compared to other listed tokens.</p>
<h2 id="io-launchpool-details">IO Launchpool details</h2>
<ul>
 <li>Token Name: IO.NET (IO)</li>
 <li>Total Token Supply at Genesis: 500,000,000 IO tokens</li>
 <li>Max Token Supply: 800,000,000 IO tokens</li>
 <li>Launchpool Token Rewards: 20,000,000 IO (meaning 4% of the total token supply at Genesis)</li>
 <li>Initial Circulating Supply: 95,000,000 IO (meaning 19% of the total token supply at Genesis)</li>
 <li>Smart Contract: Solana</li>
 <li>Staking Terms: KYC required</li>
 <li>Hourly Hard Cap per User:&nbsp;17,708.33 IO in BNB pool and 3,125 IO in FDUSD pool</li>
</ul>
<h2 id="what-is-io-net-io">What is IO.NET (IO)?</h2>
<p>According to their <a href="https://io.net/" rel="noopener noreferrer nofollow" target="_blank">official website</a>, IO.NET is the world’s largest decentralized computing network that allows machine learning engineers to access scalable distributed clusters at a small fraction of the cost of comparable centralized services.</p>
<p>The team’s mission is to put together one million GPUs in a DePIN Decentralized physical infrastructure network.</p>
<p>Recently, IO.NET <a href="https://www.youtube.com/watch?v=_GvGW6iHgt8" rel="noopener noreferrer nofollow" target="_blank">announced</a> a <a href="https://aptosfoundation.org/ecosystem/project/ionet" rel="noopener noreferrer nofollow" target="_blank">collaboration</a> with Aptos with the goal of exploring how blockchain can provide a transparent and immutable record of AI-developed assets and creations.</p>
<p>IO.NET deployed its generative AI product BC8 on Aptos. Future new machine learning models will generate high-quality 3D models and AAA game assets.</p>

Binance Announces 55th Launchpool Project: IO.NET (IO)

Table of Contents

crypto.ro global

Other articles published on Jun 6, 2024

MoonBag’s 88 Percent APY Staking Outshines Render’s Bearish Trends and Dogeverse Issues

Frax Finance X Account Hacked, CEO Suspects Insider at Musk’s Office

VanEck’s Ethereum Price Prediction: ETH Price To Hit $22,000 by 2030 with ETF Boost

Ethereum Could Soar To $22K By 2030 On Revenue-Generating Power, VanEck Says

Dogecoin Bullish Outlook: Analyst Predicts 4x Surge, Eyeing New All-Time High

Iggy Azalea Mocks Ethereum's Buterin After Meme Coin Criticism

Join our free newsletter for daily crypto updates!