Binance Unveils 55th Project on Binance Launchpool IO.NET (IO)

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As a seasoned crypto investor with a keen interest in innovative projects, I’m thrilled to see Binance adding yet another promising project to its platform – IO.NET. The decentralized AI computing and cloud platform has been making waves in the industry, and gaining Binance’s attention is a significant milestone for the team.

As a crypto investor, I’m excited to share that Binance, a top digital asset service provider, has revealed its 55th Launchpool project. This time around, it’s IO.NET (IO), a decentralized Artificial Intelligence computing and cloud platform, taking center stage. For IO, this is a significant leap forward as they aim to carve out a strong presence in the AI and cloud computing industries.

IO.NET Joins Notcoin, Ethena, And Others on Binance

As a researcher investigating various technologies, I can attest to IO.NET’s reputation for providing decentralized solutions. These solutions offer numerous benefits such as increased efficiency and improved accessibility.

As a trailblazing hub, attracting Binance’s notice is expected to lead to a significant shift for the IO token. The cryptocurrency exchange intends to add the IO token to its platform, making it the first to do so. Trading for IO on Binance is set to begin on June 11 at 12:00 (UTC).

The expected trading pairs are IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. The launch would utilize the Solana network as its smart contract platform. 

This Launchpool listing underscores Binance’s commitment to supporting innovation and creativity in the digital asset ecosystem. Since the beginning of 2024, the exchange has supported more than ten projects on its Launchpool program. A few of them are Xai (XAI), Manta (MANTA), AltLayer (ALT), Ethena (ENA), and Notcoin (NOT), the most recent before IO.NET. 

A Binance listing is typically viewed as a significant endorsement for cryptocurrency initiatives. With a vast user base numbering in the millions, IO.NET stands poised to reap the rewards of this engaged community and increased visibility. The listing is also likely to trigger a price surge upon its debut.

IO Farming and Mining to Commence in Earnest 

As a researcher studying the Launchpool initiatives, I can share that the farming of IO tokens will commence shortly. Binance users are invited to stake their BNB and FDUSD into various pools to earn IO tokens. This process is expected to begin around June 7 at midnight (UTC). Notably, this farming period aims to provide early access to IO tokens for users while also encouraging engagement with the IO.NET platform.

Detailed instructions and timelines for the commencement of mining activities are accessible through the website of the project. 

The project has set aside a total initial supply of 500,000,000 IO tokens, with the maximum supply capped at 800,000,000 tokens. For a start, only 19% of the initial supply, approximately 95,000,000 IO tokens, will be released into circulation. Then for mining, the total volume available is 20,000,000 IO tokens, representing 4% of the initial total supply.

The hourly mining limits for personal effort are pegged at 17,708.33 IO for the BNB mining pool and 3,125 IO for the FDUSD mining pool. According to the modalities set in place, the distribution of tokens across both pools is also specified. The BNB pool has the capacity to mine as much as 17,000,000 IOs, which is 85% of the total volume available for mining. On the other hand, the FDUSD pool can mine 3,000,000 IOs (15%).

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2024-06-06 12:06