Binance Announces IO.NET (IO), the 55th Project on Binance Launchpool

Table of Contents

Binance has announced the 55th project on Binance Launchpool – IO.NET (IO), a decentralized cloud and AI computing platform. The website is expected to be available five hours before the Launchpool begins.

Users can stake their BNB and FDUSD into separate pools to farm IO tokens for four days, with the farming period starting on June 7, 2024, at 00:00 (UTC).

Listing Binance will list IO at 12:00 (UTC) on June 11, 2024, and open trading with pairs IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. Seed tags will apply to IO.

Buy IO.Net Here

IO Launchpool Details

Token Name: IO.NET (IO)
Total Token Supply at Genesis: 500,000,000 IO
Maximum Token Supply: 800,000,000 IO
Launchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis)
Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis)
Smart Contract Details: Solana
Staking Terms: KYC required
Hourly Hard Cap per User:
- 17,708.33 IO in the BNB pool
- 3,125 IO in the FDUSD pool

Supported Pools

Stake BNB (website available after approximately 5 hours): 17,000,000 IO rewards (85%)
Stake FDUSD (website available after approximately 5 hours): 3,000,000 IO rewards (15%)

Farming Period: June 7, 2024, 00:00 (UTC) to June 10, 2024, 23:59 (UTC).

What is io.net?

io.net Cloud is an advanced decentralized computing network that enables machine learning engineers to access distributed cloud clusters at a fraction of the cost of traditional centralized services.

Modern machine learning models often rely on parallel and distributed computing, requiring the combined power of multiple cores across several systems to optimize performance and handle larger datasets and models. Training and inference processes typically involve a coordinated network of GPUs working in unison, rather than being confined to a single device.

What is io.net’s mission, and what are you working towards?

io.net is a decentralized GPU network designed to provide unlimited computing power for ML applications. Our goal is to make computing more scalable, accessible, and efficient. We aim to democratize access to computing power by assembling over 1 million GPUs from independent data centers, crypto miners, and projects like Filecoin or Render. Our mission is to ensure fair access to computing resources, empowering machine learning and AI innovation globally.