- Binance announces its 55th Launchpool project, selecting IO.NET (IO) as the featured altcoin.
- IO.NET is a decentralized AI computing platform, now available for farming on Binance’s Launchpool.
- “We are excited to introduce IO.NET to our users as part of our Launchpool initiative,” said Binance in its official statement.
Discover the future of decentralized AI with IO.NET, Binance’s new Launchpool project, featuring exclusive staking opportunities and rewards.
Introduction of IO.NET on Binance Launchpool
On June 6, Binance, the world’s leading cryptocurrency exchange, revealed IO.NET as its 55th Launchpool project. IO.NET’s selection marks a significant milestone for the decentralized AI computing platform, which aims to revolutionize the industry with its sophisticated technology.
Launchpool Farming Opportunities and Details
Starting from June 7, users will be able to participate in farming IO tokens over a four-day period. To earn IO tokens, participants must stake either BNB or FDUSD. A total of 20 million IO tokens are allocated for rewards, with 17 million designated for BNB stakers and 3 million for FDUSD stakers.
Launch of IO Trading Pairs
Binance plans to list the new altcoin IO with trading pairs including IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. Trading will commence on June 11 at 15:00 UTC. The introduction of these trading pairs will provide various options for users to engage with IO.NET.
Total Supply and Initial Distribution
The total supply of IO tokens is capped at 800 million, with an initial release of 95 million tokens into the market. This strategic distribution is designed to support IO.NET’s growth and ensure broad availability of the token for future trading and staking activities.
User Incentives and Rewards
Binance is offering a 20% discount on trading fees for users who participate in the Launchpool project and stake their tokens. This incentive aims to attract a wider audience and encourage active involvement in the farming of IO tokens.
Conclusion
With the introduction of IO.NET on Binance Launchpool, Binance continues to expand its portfolio of innovative projects. This new addition underscores Binance’s commitment to supporting emerging technologies and providing users with valuable investment opportunities. Stay tuned for further developments and take advantage of the exciting staking rewards offered through Binance’s Launchpool.
