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Cryptocurrency exchange Binance announced that IO.NET (IO), a decentralized artificial intelligence computing and cloud platform, is its 55th project on Binance Launchpool. This innovative project offers users the opportunity to farm IO tokens by staking their BNB (Binance Coin) and FDUSD (First Digital USD) in separate pools. The farming period will start on June 7, 2024, at 03:00 Turkey time and will last for four days.
Details About Launchpool
IO.NET‘s website will be accessible approximately five hours before the launch pool starts, providing users with detailed information about the project and how to participate. Binance will be the first platform to list the IO token, with trading set to begin on June 11, 2024, at 15:00 Turkey time.
Users should be cautious of offers to sell IO tokens before this official listing date, as these offers are likely to be fraudulent.
Details About IO.NET
IO.NET is set to revolutionize decentralized artificial intelligence computing and cloud services. Initially, the total token supply will be 500 million IO, with a maximum supply capped at 800 million IO. Twenty million IO tokens (equivalent to 4% of the total supply) will be allocated as Launchpool rewards. Additionally, the initial circulating supply will be 95 million IO, representing 19% of the total token supply at genesis.
IO tokens will be built on the Solana Blockchain, known for its high transaction volume and low transaction costs. To participate in the staking process, users need to complete Know Your Customer (KYC) verification. Binance has also implemented an hourly fixed cap per user to ensure fair distribution of the tokens. The cap for the BNB pool is set at 17,708.33 IO per hour, while the cap for the FDUSD pool is set at 3,125 IO per hour.
Following the farming period, Binance will list IO and open trading with multiple pairs, including IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. These diverse trading pairs will offer users extensive flexibility in trading IO tokens.
