- 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.
