Earn IO Tokens by Staking BNB and FDUSD: Binance Launchpool Introduces IO.NET AI Platform

  • Binance is set to unveil IO.NET (IO), a decentralized AI computing and cloud platform, as the 55th project on Binance Launchpool.
  • Participants can earn IO tokens by staking Binance Coin (BNB) and First Digital USD (FDUSD) in specified pools.
  • The farming period will commence on June 7, 2024, at 03:00 Turkey time, lasting for four days.

Learn about IO.NET, Binance’s newest Launchpool project, and how to earn tokens by staking BNB and FDUSD.

Launchpool Benefits and Offerings

The IO.NET information website will be available five hours before the farming begins, providing comprehensive insights about the project. Binance is scheduled to be the first exchange to list IO tokens, with trading starting on June 11, 2024, at 15:00 Turkey time. Users are advised to avoid any offers to sell IO tokens before their official listing date, as these are likely fraudulent.

Operational Mechanics of IO.NET

IO.NET seeks to revolutionize decentralized AI computing and cloud services with an initial token supply of 500 million IO, and a maximum supply of 800 million. Twenty million tokens, or 4% of the total supply, will be available as rewards in Launchpool. The starting circulating supply will be 95 million IO, constituting 19% of the total.

IO tokens will leverage the Solana Blockchain, known for its high transaction volumes and low fees. Participants must complete KYC verification to engage in staking. Additionally, an hourly cap per user ensures equitable distribution: 17,708.33 IO per hour for the BNB pool and 3,125 IO per hour for the FDUSD pool.

Essential Information for Users

Key points for participants include:

  • Earning IO tokens by staking BNB and FDUSD.
  • Accessing the IO.NET project information five hours before the farming begins.
  • Completing KYC verification for staking eligibility.
  • Being cautious of pre-listing token sales, as they may be scams.

After the farming period, Binance will launch IO trading with various pairs, including IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY, providing users with ample trading opportunities.

Conclusion

With IO.NET, Binance Launchpool introduces a new decentralized AI computing platform, offering ample opportunities for earning and trading IO tokens. Stake your BNB and FDUSD wisely, ensure KYC compliance, and stay vigilant against scams to maximize your benefits.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Michigan State Retirement Fund Invests $10 Million in Grayscale Ethereum Trust, Securing Major Stake

The Michigan State Retirement Fund has strategically positioned itself...

Grayscale Proposes Listing for Grayscale Digital Large Cap Fund (GDLC) as ETP with Bitcoin Dominating Holdings

On November 4, COINOTAG News reported that Grayscale has...

Fragmetric Completes Builder Round Financing to Enhance Solana Ecosystem Security and Liquidity

On November 4th, COINOTAG News reported that Fragmetric, a...

Vitalik Buterin Warns Against Exclusion of Russian Developers in Open Source Community

On November 4th, Vitalik Buterin, co-founder of Ethereum, took...

Bitcoin Volatility Soars Amid U.S. Election Impact on Crypto Markets

Bitcoin Volatility Surges as U.S. Election Heightens Stakes for...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img