IO.NET (IO) is the 55th project on Binance Launchpool. It is a decentralized artificial intelligence computing and cloud platform. This platform uses distributed GPU resources to solve computing challenges in the fields of AI and machine learning by aggregating underutilized computing resources such as independent data computing centers, cryptocurrency miners, and excess GPUs from crypto projects such as Filecoin and Render. IO.NET (IO) aims to provide a decentralized solution to improve efficiency and accessibility.
IO.NET uses blockchain technology to track and manage these resources through its technical implementation, ensuring transparency and fairness in resource allocation, and helping to automate payments and incentives for users who contribute additional computing power to the network. The initial total supply of IO.NET is 500,000,000 tokens, with a maximum supply cap of 800,000,000 tokens, of which 95,000,000 IO tokens will be circulated for the first time, accounting for 19% of the initial total supply.
Binance will be the first platform to list IO tokens, with trading set to begin at a specific time. This listing marks an important milestone for IO.NET and demonstrates Binance’s commitment to supporting innovative projects.
The details of IO token farming and mining have been announced. Users will have the opportunity to participate in mining by staking BNB and FDUSD, gain early access to IO tokens, and incentivize users to participate in the construction of the IO.NET ecosystem.
