Introduction
Decentralized physical infrastructure network io.net has unveiled exciting developments for its native IO token, including farming opportunities on Binance Launchpool and an upcoming listing on Binance exchange. This initiative aims to broaden community participation and strengthen the project’s decentralized governance model.
Key Highlights
- Binance Launchpool Farming: Stake BNB or FDUSD to earn IO tokens starting June 7, 2024.
- Token Distribution: 4% of total IO supply (20M tokens) allocated for farming.
- Listing Details: IO token goes live on Binance June 11, 2024, with multiple trading pairs.
- Tokenomics: Fixed supply of 800M IO, with 300M reserved for network contributors over 20 years.
Farming Mechanics
Participants can farm IO tokens by staking assets in two separate pools:
| Pool | Allocation | Staking Options |
|-------------|-------------|-----------------|
| BNB Pool | 17M IO | Stake BNB |
| FDUSD Pool| 3M IO | Stake FDUSD |
👉 Learn how to stake and farm IO tokens
- Farming Period: June 7–11, 2024.
- Reward Structure: Disinflationary model starting at 8% annual emission, decreasing yearly.
Token Listing and Availability
On June 11, Binance will list IO with the following trading pairs:
- IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, IO/TRY.
At launch, 19% of the total supply (95M IO) will be unlocked for public trading.
Governance and Utility
- Decentralized Governance: IO holders vote on protocol upgrades and network decisions.
- Compute Rewards: 300M IO emitted over 20 years to GPU providers and stakers supporting io.net’s AI compute network.
About Io.Net
io.net is a DePIN (Decentralized Physical Infrastructure Network) specializing in on-demand GPU clusters for AI and machine learning workloads. By aggregating geo-distributed GPU resources, it offers:
- Cost Efficiency: Reduces compute expenses by up to 90%.
- Scalability: Instant access to decentralized GPU power.
- Flexibility: Supports developers and enterprises with tailored solutions.
👉 Explore io.net’s decentralized compute platform
FAQ
1. How do I participate in IO farming?
Stake BNB or FDUSD in Binance Launchpool between June 7–11, 2024. Rewards are distributed proportionally based on stake size.
2. What is IO’s total supply?
800 million tokens, with 300M allocated for long-term network incentives.
3. When will IO tokens be tradable?
June 11, 2024, at 12:00 UTC on Binance.
4. How does IO’s governance work?
Token holders propose and vote on network upgrades via decentralized governance.
5. What is io.net’s primary use case?
Decentralized GPU compute for AI, rendering, and other high-performance tasks.
Conclusion
The Binance Launchpool campaign and token listing mark significant milestones for io.net, enhancing accessibility and decentralization. With robust tokenomics and a clear governance framework, IO is poised to revolutionize decentralized AI infrastructure.
For media inquiries, contact:
Dan Edelstein
[email protected]
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