Token

Planet

<div class="intro-text">
 Binance has announced the launch and public trading of IO, a new token from its Launchpool. IO powers the IO.NET ecosystem, a decentralized AI and cloud computing platform, marking the 55th project in Binance’s incubator program. According to the<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&amp;ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial" rel="noopener noreferrer nofollow"> announcement</a>, trading for the new coin will be exclusive to Binance and begins today, June 6, 2024.
</div>
There will be an initial supply of 5 0 million IO coins, with a maximum supply of 800 million tokens. During the Launchpool, 20 million tokens were distributed as rewards, accounting for 4% of the total token supply at launch.
Binance informed its users that they can farm the $IO coin by staking i$BNB and $FDUSD. The crypto exchange also warned investors and traders to be cautious of any fake third parties claiming to provide access to the IO.NET coin before the official launch date.
The IO token has multiple uses within the IO.NET network. It can be used to pay for GPU computing power and launch GPU listeners. Furthermore, the network offers suppliers who provide their GPU resources on the network an option to receive payments via $IO tokens, which automatically converts to $USDC.&nbsp;
In the past month, Binance has been involved in several notable developments.<a style="color: #0000ff;" href="https://defi-planet.com/2024/05/cristiano-ronaldo-and-binance-release-new-nft-series-honoring-iconic-career-moments/" rel="noopener noreferrer nofollow"> One of these is the partnership with Cristiano Ronaldo</a> to release new non-fungible tokens (NFTs) in his “CR7 ForeverZone Collect on.”
Cristiano Ronaldo revealed the development in a recent post on X, noting that the new NFT series, titled “Forever Worldwide: The Road to Saudi Arabia,” launched on May 29 on the Binance exchange platform. Ronaldo’s post highlighted that the series’ NFTs allow fans to own exclusive access to some of the most legendary moments in his football career, along with unique virtual memorabilia.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/06/binance-launches-new-ai-powered-io-token-for-public-trading/" rel="noopener noreferrer nofollow">Binance Launches New AI-Powered IO Token for Public Trading</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Binance Launches New AI-Powered IO Token for Public Trading

DeFi Planet

Other articles published on Jun 6, 2024

Robinhood CEO Says Exchange Is Ready For Roaring Kitty Livestream Surge: 'We Are Prepared' For Ga...

Gora Network’s Commission System

MoonBag Crypto Wins the Meme Coin War, Leaving Behind Dogeverse and Dogecoin

Ethereum vs Solana: Which blockchain will dominate in 2024?

Mastercard Users Can Now Buy XRP, SHIB and Other Coins on Binance Once Again

AI Tokens Rise Alongside Bitcoin’s Surge

Join our free newsletter for daily crypto updates!