Binance has announced the launch of IO.NET (IO).
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Binance has announced the launch of the 55th project in the Binance Launchpool – IO.NET (IO), a decentralized AI computing and cloud platform.
IO list on Binance
Users can redeem their BNB and FDUSD in separate pools to mine IO tokens. A total of 20,000,000 IO (4% of the total token supply at Genesis) will be awarded.
After the farming period, Binance will list IO on June 11, 2024 at 12:00 UTC, and open trading with IO/BTC, IO/USDT, IO/BNB, IO/FDUSD and IO/TRY trading pairs.
Key details
Token Name: IO.NET (IO) Total Token Supply on Genesis: 500,000,000 IO Max Token Supply: 800,000,000 IO Launchpool Token Rewards: 20,000,000 IO (4% of Total Token Supply (4% on Genesis), Total Token Supply of 00IO09) (Genesis) Modern Contract Details: Solana Staking Terms: KYC Required
Terms and conditions
Snapshots of user balances and total pool balances are taken multiple times every hour at any hour to get average balances of users and calculate user rewards. User rewards are updated every hour. Tokens can only be stored in one pool. Users can withdraw their funds at any time without any delay and participate in any available pools instantly. Binance BNB Vault and locked products support Launchpool.
Users who win BNB on BNB Vault and locked products will participate in the Launchpool and receive new token rewards. Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please see the instructions on the Launchpool page.
About IO.NET (IO)
IO.NET is a decentralized AI computing and cloud platform that aggregates GPU provisioning from underutilized sources to create a network that enables machine learning startups to access computing power at a reduced cost.
A detailed research report on IO.NET (IO) will be available on Binance Research within 1 hour of this announcement.
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