Launchpool

<h4><b>Io.net, a DePIN project, launches its native token, IO, on Binance. </b></h4> 
<p>This project is launching its native token is an essential development in DeFi. <span style="font-weight: 400;">Let’s look over what IO.NET has to offer. </span></p> 
<h5><b>Farming on Binance Launchpool</b></h5> 
<p><span style="font-weight: 400;">The IO token will be live on the Binance launchpool. Like every other native token, it allows users to farm it. You can farm the IO token by staking <a href="https://www.coingecko.com/en/coins/bnb" target="_blank" rel="noopener">BNB</a> or <a href="https://www.coingecko.com/en/coins/first-digital-usd" target="_blank" rel="noopener">FDUSD</a>.&nbsp;</span></p> 
<p><span style="font-weight: 400;">To do this, you need to begin farming on June 7th, 2024. To accumulate the io token, you must stake the BNB or FDUSD tokens on the Binance launch pool. The farming period that will ensure you earn the io token is four days.</span><a href="https://x.com/ionet?s=21" target="_blank" rel="noopener"> <span style="font-weight: 400;">Io.net</span></a><span style="font-weight: 400;"> will distribute tokens to IO farmers.</span></p> 
<p><img decoding="async" class="wp-image-142542 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cvxdshku-300x287.png" alt="" width="487" height="466" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cvxdshku-300x287.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cvxdshku.png 394w" sizes="(max-width: 487px) 100vw, 487px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/binance/status/1798578340393300467" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><b>Token Allocation</b></h5> 
<p><span style="font-weight: 400;">4% IO supply, which is 20 million IO tokens, will be available for farming. It’s important to know that:</span></p> 
<ul> 
 <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">There are 17 million IO tokens reserved for those staking in the BNB pool.</span></li> 
 <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">There are a million IO tokens allocated to the FDUSD pool.</span></li> 
</ul> 
<p><span style="font-weight: 400;">The token distribution method in Binance Launchpool is fair, allowing users to trust the system enough to take part and earn.</span></p> 
<h5><b>Token Listing and Distribution Strategy</b></h5> 
<p><span style="font-weight: 400;">After the four-day farming period, Binance will list the IO token on June 11 at 12:00 UTC. The total supply of the IO tokens is 800,000,000. Within the next 20 years, stakers and contributors to</span> <span style="font-weight: 400;">io.net</span><span style="font-weight: 400;"> growth will receive 300 million out of 800 million tokens as <a href="https://www.altcoinbuzz.io/?s=rewards" target="_blank" rel="noopener">rewards</a>. </span></p> 
<p><span style="font-weight: 400;">The distribution rate will be 8% for the first year and decrease until it reaches the total supply cap. </span><span style="font-weight: 400;">As a token holder or staker, you also get a say in the governance decision of</span> <span style="font-weight: 400;">io.net</span><span style="font-weight: 400;">. You get to vote and voice your opinions concerning any development. You can see more info <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" target="_blank" rel="noopener">here</a>.</span></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/io-net-on-binance-launchpool-stake-bnb-and-farm-io/">IO.NET on Binance Launchpool. Stake BNB and Farm IO</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

IO.NET on Binance Launchpool. Stake BNB and Farm IO

Altcoin Buzz

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