Binance, the world's leading cryptocurrency exchange, has unveiled its 55th Launchpool project: IO.NET (IO), a decentralized platform revolutionizing AI computing and cloud services through blockchain technology.
Key Details of IO.NET (IO) Launchpool
Token Farming Mechanics
- Staking Options: Users can stake BNB or FDUSD in dedicated pools to earn IO tokens.
- Total Rewards: 20,000,000 IO (4% of genesis supply).
- Farming Period: Ends before IO's official listing on Binance.
Tokenomics at a Glance
| Metric | Value |
|---|---|
| Token Name | IO.NET (IO) |
| Genesis Supply | 500,000,000 IO |
| Max Supply | 800,000,000 IO |
| Initial Circulation | 95,000,000 IO (19%) |
| Blockchain | Solana |
👉 Learn how to maximize your IO token rewards
Trading and Listing Schedule
Binance will list IO on June 11, 2024, at 12:00 UTC with the following trading pairs:
- IO/BTC
- IO/USDT
- IO/BNB
- IO/FDUSD
- IO/TRY
What Is IO.NET?
IO.NET aggregates underutilized GPU resources to create a decentralized network for:
- AI/ML startups: Access affordable computing power.
- GPU providers: Monetize idle hardware.
- Cost reduction: Up to 90% savings compared to traditional cloud services.
Staking Requirements
- KYC Verification: Mandatory for participation.
- Flexible Unstaking: Funds can be withdrawn anytime without delays.
FAQs About IO.NET Launchpool
Q: How are hourly rewards calculated?
A: Snapshots track average balances hourly to determine user allocations.
Q: Can I stake in multiple pools simultaneously?
A: No—tokens must be committed to one pool at a time.
Q: Is IO.NET’s supply inflationary?
A: Yes, with a capped max supply of 800M IO tokens.
👉 Discover why decentralized AI is the future
Why This Matters
- Democratizing AI: Lowers barriers for small-scale ML projects.
- Blockchain Integration: Ensures transparent resource allocation.
- Market Potential: Positions IO as a key player in decentralized infrastructure.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct independent research before investing.
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