- The world’s largest cryptocurrency exchange, Binance, has announced the listing of a new Launchpool project.
- Binance added the decentralized AI computing platform IO.NET as its 55th Launchpool project, featuring trading pairs IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY starting from 15:00 on June 11.
- IO.NET launched at $0.06 and skyrocketed to $5.88, marking an impressive initial gain of 9,300%.
Discover the groundbreaking new addition to Binance’s Launchpool: IO.NET. Explore its initial performance, future potential, and what this means for the cryptocurrency market.
Binance Lists IO.NET on Launchpool
Binance has introduced IO.NET, a decentralized AI computing platform, as its latest Launchpool project. The launch includes trading pairs with Bitcoin (BTC), Tether (USDT), Binance Coin (BNB), First Digital USD (FDUSD), and Turkish Lira (TRY). This significant addition to Binance’s portfolio was announced to commence at 15:00 on June 11.
Initial Market Performance of IO.NET
According to data from Binance, IO.NET was initially introduced at a price of $0.06. Remarkably, the altcoin surged to $5.88, reflecting a staggering 9,300% increase upon its debut. Despite a slight pullback, IO.NET was trading at approximately $3.92 at the time of writing.
Staking and Distribution
To earn IO, users needed to stake Binance Coin (BNB) or First Digital USD (FDUSD). With no prior pre-sale, the exact launching price of IO.NET remains undetermined. The total supply of IO.NET tokens is capped at 800 million, with 20 million distributed as rewards through Binance’s Launchpool.
Broader Market Availability
In addition to Binance, IO.NET is also listed on other prominent cryptocurrency exchanges, including Gate.io, HTX, and Bitget. This wider listing facilitates increased liquidity and broader market access for the altcoin.
Conclusion
The launch of IO.NET on Binance’s Launchpool exemplifies the growing intersection between artificial intelligence and decentralized finance. With a robust initial market performance and diverse trading pairings, IO.NET is positioned to capture significant investor interest. As the market continues to evolve, IO.NET’s performance will be a crucial barometer for future AI-centric decentralized projects.
