- Binance has announced the addition of IO.NET to its roster as the 55th Launchpool project, showcasing AI computing power capabilities.
- IO.NET has partnered with Aptos to develop a blockchain aimed at enhancing AI application performance and security.
- Ahmed, the CEO of ION, emphasized that IO.NET aims to decentralize and democratize AI compute power, leveraging scalable GPU access via a decentralized cloud.
Discover how Binance’s latest Launchpool project, IO.NET, is set to transform the AI computing landscape by offering decentralized and scalable GPU access. Dive into the partnership with Aptos and the platform’s ambitious goals.
Binance Unveils IO.NET on Launchpool
Binance has officially launched IO.NET (IO) on its Launchpool, marking the 55th project to join this initiative. The platform is designed as a decentralized AI computing and cloud solution, allowing users to farm IO tokens by staking BNB and FDUSD. This launch is anticipated to greatly benefit users seeking scalable GPU access through decentralized means.
Details of the IO.NET Token Launch
Binance is set to list IO tokens, starting with an initial circulating supply of 95 million IO, which constitutes 19% of the total initial token supply. The genesis phase will feature 500 million IO tokens, aiming for a maximum supply of 800 million IO. The staking mechanism includes separate pools for BNB and FDUSD, with 17 million IO tokens allocated to the BNB pool and 3 million IO tokens to the FDUSD pool. The farming duration is scheduled from June 7 to June 10, 2024.
IO.NET’s Vision for AI Computing
Ahmed, the CEO of ION, stated that IO.NET is poised to revolutionize AI computing with the introduction of the Internet of GPUs (IOG)—the largest AI compute network globally. This innovative network aims to make GPU compute power as accessible as the internet itself. The platform’s focus on democratized and permissionless access to AI resources positions compute power as a central currency within its ecosystem.
Collaboration with Aptos
In an effort to enhance technical capabilities and support higher transaction rates, IO.NET has partnered with Aptos to build a more efficient and scalable blockchain for AI applications. Aptos’s robust infrastructure ensures that IO.NET can meet the growing demand for AI compute power. This collaboration is expected to significantly elevate IO.NET’s capabilities in addressing the needs of AI developers.
Promising Future Backed by Strong Funding
IO.NET has successfully raised over $40 million in Series A funding, reflecting solid support from prominent investors. This capital will be pivotal in furthering the platform’s growth and mission to provide scalable and affordable AI compute power. Endorsement from tech and Web3 industry leaders underscores IO.NET’s potential to make a significant impact on the AI computing market.
Conclusion
In summary, IO.NET’s inclusion in Binance’s Launchpool, its strategic partnership with Aptos, and the substantial funding it has secured are all indicative of its potential to disrupt the AI computing industry. The decentralized approach to providing scalable GPU access and democratized AI compute power positions IO.NET as a pioneering force, meeting the surging demands in this rapidly evolving sector.
