o.net has revealed that its native token will officially debut on the renowned crypto exchange, Binance. The IO token is set to be launched on the Binance Launchpool, allowing participants to engage in farming by staking BNB and FDUSD to earn rewards.

The IO farming initiative is scheduled to kick off on Binance Launchpool on June 7, permitting users to stake BNB or FDUSD in dedicated pools. This farming window will span four days, offering an opportunity to acquire 4% of the overall IO token supply (20 million tokens) during this period. Notably, 17 million IO tokens are allocated for the BNB pool, while 3 million are designated for the FDUSD pool.

Subsequent to the farming phase, Binance is slated to list the IO token on June 11 at 12:00 UTC, featuring trading pairs including IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. At the time of listing, 95 million IO tokens, constituting 19% of the total supply, will be accessible to the public.

The utilization of Binance Launchpool's framework ensures an equitable method of distributing tokens, fostering broad participation from a diverse global community. This approach plays a pivotal role in promoting decentralization by ensuring widespread ownership of tokens.

With a fixed total supply of 800 million tokens, IO tokens will be released gradually over time to suppliers and stakers contributing to io.net's decentralized AI compute network. Token rewards will be disbursed over a 20-year period, following a disinflationary model that starts at 8% in the first year and decreases steadily until the 800 million cap is reached.

Moreover, the IO token serves a governance role within the network, granting token-holders decision-making power to drive improvements for the protocol and its stakeholders. Through collaboration with Binance Launchpool, io.net aims to expand the distribution of IO tokens to a broader community, advancing decentralization efforts for the network.

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