IO.NET (IO) Secures Spot on Binance Launchpool

Binance, one of the leading cryptocurrency exchanges in the world, has announced the 55th project on its Launchpool, IO.NET (IO).

Binance, the leading cryptocurrency exchange, has announced the 55th project on its Launchpool platform. The new project, IO.NET (IO), is a decentralized AI computing & cloud platform. Binance will be the first exchange to list the IO token, which will begin trading on June 11 at 12:00 (UTC).

Binance users will be able to stake their BNB and FDUSD stablecoins into separate pools to farm the IO token. The farming process will be carried out for four days, commencing on June 7 at 00:00 (UTC). The total Launchpool Token Rewards for IO is 20 million IO, which represents approximately 4% of the early token supply.

IO is a Solana-based project that provides decentralized AI computing & cloud services. The project has an early token supply of 500 million and a maximum token supply of 800 million. IO aims to build a decentralized cloud computing platform powered by the Solana blockchain.

Binance users will be able to accumulate their IO rewards hourly, which can be claimed to their spot account directly at any time. Users also have the option to unstake their funds at any time if they wish to participate in any other available pool on the platform.

However, it's important to note that users can only stake tokens in one pool at a time, meaning they cannot use the same token in two different pools simultaneously. The hourly hard cap for each user is specified at 17,708.33 IO in the BNB pool and 3,125 IO in the FDUSD pool.

For more information on the IO token listing and the Launchpool farming process, please visit the Binance announcement page.