Binance, the world's leading cryptocurrency exchange, has announced IO NET as its 55th Launchpool project. This initiative enables users to farm IO tokens by staking Binance Coin (BNB) and First Digital USD (FDUSD). The farming period runs from June 7, 2024, to June 11, 2024, culminating in the token’s official listing on Binance.
👉 Discover how to maximize your staking rewards
What Is IO NET?
IO NET is a decentralized AI computing and cloud service platform built on the Solana Blockchain. It leverages Solana’s high-speed, low-cost infrastructure to deliver scalable solutions for AI development and cloud computing.
Key Innovations:
- Decentralized AI Computing: Democratizes access to GPU resources.
- Solana Integration: Ensures high transaction throughput and cost efficiency.
Key Dates & Participation Details
Farming Period
- Start: June 7, 2024 (03:00 UTC).
- Duration: 4 days.
Staking Pools:
- BNB Pool: Hourly cap of 17,708.33 IO.
- FDUSD Pool: Hourly cap of 3,125 IO.
Listing on Binance
- Date: June 11, 2024 (15:00 UTC).
- Trading Pairs: IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, IO/TRY.
👉 Learn more about Solana’s blockchain advantages
Tokenomics
| Metric | Details |
|----------------------|----------------------------------|
| Total Supply | 500 million IO (max: 800 million)|
| Launchpool Rewards| 20 million IO (4% of supply) |
| Initial Circulation | 95 million IO (19%) |
Blockchain: Solana (optimized for low-cost, high-speed transactions).
How to Participate
- Complete KYC Verification: Mandatory on Binance.
- Stake BNB or FDUSD: Allocate funds to the respective pools.
- Monitor Rewards: Track hourly distributions via Binance dashboard.
Pro Tip: IO NET’s website goes live 5 hours before Launchpool starts—check for detailed guides.
Potential Impact
- AI & Cloud Services: Disrupts centralized models with decentralized alternatives.
- Market Liquidity: Binance listing ensures robust trading volume.
FAQs
1. What’s the minimum stake for IO farming?
Binance hasn’t specified a minimum; rewards scale with stake size.
2. Can I unstake during the farming period?
Yes, but unclaimed rewards may be forfeited.
3. Is IO NET available outside Binance?
Initially exclusive to Binance Launchpool.
Conclusion
IO NET’s Launchpool debut signals a major advancement in decentralized AI infrastructure. With its Solana-backed efficiency and Binance’s liquidity, this project is poised for significant growth.
Ready to stake? Mark your calendar for June 7 and dive into the future of AI computing!
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