Review of $IO (io.net)
#55 Binance LanchPool
1. IO is the first product to continue to explode LaunchPool in June. After May, there was only one project that received LP, which is
$NOT , and NOT's x4-5 times story has given you a lot of hope to look forward to. wait at $IO this time.
However, the difference is that 1 coin is about games, community, 1 coin is about "Technology" but currently the meme is giving technology coins too much scorn, losing trust from users and retailers. So when coming to this coin, you must determine the Long-Term story.
2. The project raised capital of $40M and was valued at $1 billion. With the listing of 17% of tokens brought to the market by TGE, the valuation of this project, I personally think, is around 500M - 1.5 billion USD MarketCap. Equivalent to that, the price ranges from 6-15$ / token.
3. The CEO of DWF fund once had a post on X saying that if BTC is digital gold, then GPU is digital silver.
Moreover, now that AI is increasingly powerful, it is understandable that GPU will become the foundation. And IO is a GPU working project, helping users optimize idle GPUs and builders to take advantage of this idle GPU => trending project
4. Binance list of projects at this time, the ability to time for a long time in the AI and GPU fields is still quite a hot trend. Furthermore, after Nvidia's TC report at the beginning of the year showed that this company made large profits, this segment and AI are expected to lead the next bullrun trend if it occurs.
5. The project has good funds: many large funds invest in IO from early rounds, including all Tier1, and checking again, all funds have invested in
$WLD or $RNDR (2 fields related to AI and GPU)
6. My biggest question is the CEO resigning right before the listing date??
In short: good project, market dump => good dip soup