IO.NET (IO) is the 55th project featured on Binance Launchpool.
Introducing IO.NET (IO) on Binance Launchpool!
Farm IO tokens by staking BNB and FDUSD on Binance Launchpool.
Project Overview:
IO.NET is a decentralized computing network that aggregates underutilized GPUs into a Decentralized Physical Infrastructure Network (DePIN) for AI and machine learning (ML) workloads. This network aims to provide accessible and affordable compute resources, democratizing AI and ML computing power.
Key Features:
Decentralized Computing: IO.NET offers a distributed cloud cluster for ML engineers, optimizing performance and reducing costs.Broad Hardware Support: Recently added support for Apple silicon chips, making it the first cloud service to enable clustering of these chips for AI/ML applications (Cointelegraph).AI/ML Functions: Supports batch inference, parallel training, hyperparameter tuning, and reinforcement learning.
Staking Details:
Staking Tokens: BNB and FDUSDFarming Period: Specific details about the farming period and reward distribution can be found on Binance's official announcement.
Backers and Funding:
IO.NET has raised $30 million in a Series A funding round, reaching a valuation of $1 billion. The project is backed by prominent investors such as Hack VC, Multicoin Capital, and Solana Ventures (Coinspeaker) (Boxmining).
Token Launch:
The IO token will facilitate transactions within the network, incentivizing suppliers, customers, and users. It aims to launch two to three weeks after the Bitcoin halving event (Binance).
For more information and to participate in the staking, visit Binance's Launchpool page (Binance).
