io.net has launched its native token, $IO, on Binance, allowing users to farm it on Binance Launchpool by staking BNB and FDUSD.
Starting on June 7, the $IO farming program will begin, enabling users to stake BNB and FDUSD in separate pools. Participants can earn a share of the 20 million $IO tokens allocated for farming over four days. Specifically, 17 million $IO tokens are earmarked for the BNB pool, with the remaining 3 million tokens available in the FDUSD pool.
$IO Token Listing on Binance: Post-Farming Period
Following a successful farming period on Binance Launchpool, io.net will list its native token, $IO, on June 11 at 12:00 UTC. The token will be tradable against various pairs, including IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. Initially, 95 million $IO tokens, constituting 19% of the total supply, will be unlocked and available to the public upon listing.
The Binance Launchpool mechanism ensures a fair distribution of tokens, enabling participation from a diverse global community. This inclusive approach supports project decentralization by promoting equitable token ownership among stakeholders.
$IO Token: Utility and Governance in io.net
$IO token, with a fixed supply of 800 million tokens, is primarily distributed to suppliers and stakers who contribute to io.net’s decentralized AI compute network. Over a 20-year period, rewards are gradually distributed, starting with an 8% inflation rate in the first year and decreasing until the supply cap is reached.
Beyond its role as a trading asset, the $IO token plays a crucial role in governance within the io.net network. Token-holders wield decision-making power in shaping the protocol’s development and advancing the interests of its stakeholders. Collaborating with Binance Launchpool, io.net seeks to broaden the distribution of the $IO token, promoting decentralized participation across its ecosystem.
About io.net
io.net operates as a decentralized physical infrastructure network (DePIN) specializing in deploying and managing on-demand GPU clusters sourced from geographically distributed locations. The company aims to democratize access to GPU compute capacity, offering businesses and developers enhanced flexibility, reduced costs, and accelerated lead times.
By leveraging decentralized resources, io.net provides a robust ecosystem that expands choices for enterprises seeking scalable GPU computing solutions. This approach not only enhances accessibility but also supports innovation by lowering barriers to advanced computational capabilities across various industries.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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