Binance Announces Launchpool for IO.NET (IO), a Decentralized AI Computing & Cloud Platform

Binance has announced the launch of the 55th project on Binance Launchpool – IO.NET (IO), a decentralized AI computing & cloud platform.

IO Listing on Binance

Users will be able to stake their BNB and FDUSD in separate pools to farm IO tokens. A total of 20,000,000 IO (4% of total token supply at Genesis) will be available as rewards.

Following the farming period, Binance will list IO at 12:00 UTC on June 11, 2024, 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 at Genesis: 500,000,000 IO
• Max Token Supply: 800,000,000 IO
• Launchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis)
• Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis)
• Smart Contract Details: Solana
• Staking Terms: KYC required

Terms & Conditions 

Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour.  Tokens can only be staked in one pool at a time. Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately. Binance BNB Vault and Locked Products will support the Launchpool.

Users who have staked their BNB in BNB Vault and Locked Products will automatically 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 refer to the instructions on the Launchpool page.

About IO.NET (IO)

IO.NET is a decentralized AI computing & cloud platform that aggregates GPU supply from underutilized sources to create a network for 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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