Cryptocurrency exchange Bithumb announced today that altcoin IO will be listed. Bithumb will add IO to the Korean won (KRW) pair. With this addition, users will be able to trade IO starting from August 7, 2024.
What is IO and What Does It Offer?
IO is a decentralized computing network platform. It provides an efficient and distributed physical infrastructure network (DEPIN) by utilizing unused GPU resources at a low cost. It offers cost-effective access to a distributed cloud cluster, especially for machine learning and artificial intelligence projects. The exchange announced the relevant dates and times as follows:
- Trading Start: August 7, 2024, at 23:00 Turkey time.
- Deposit Start: August 7, 2024, at 21:00 Turkey time.
IO provides users with more cost-effective computing resources through distributed networks. These resources are highly valuable for machine learning and artificial intelligence projects. IO tokens are cryptocurrencies used on the network and given as rewards to service providers. They are also used in payment fees.
Bithumb reminded that it offers a secure trading environment during the listing of new assets, stating that purchase transactions are restricted for the first 5 minutes after trading starts. It also reminded that restrictions will be imposed when the sale price is 10% below or 100% above the base price.
