When people don't see it, you see it. Binance's new coin mining project is launched. You can use bnb and fdusd to mine io.net (io)
Part 1: Project Introduction
io.net (Token Name: IO) is a decentralized AI computing and cloud platform. By aggregating GPU supply from underutilized sources, io.net creates a globally accessible, decentralized cloud computing network that provides affordable, flexible, and permissionless access to computing power.
Part 2: Token Functionality
IO is the native utility token of io.net and is used for the following functions:
1. Payment currency: Payment and transaction fees within the io.net ecosystem, such as purchasing/supplying underutilized GPUs
2. Computing power: deploy GPU clusters.
3. Pledge to earn interest
4. DAO Governance: IO tokens enable holders to participate in the governance of the IO Grants DAO by proposing, voting, and implementing grant proposals that guide the allocation of funds and the strategic direction of the GPU Internet Foundation.
Part III: Financing, Valuation and Circulation
io.net has raised $40 million in two private rounds at a recent valuation of $1 billion. This represents 36.24% of the genesis token supply and 22.65% of the maximum token supply. As of June 6, 2024, the fixed maximum supply is 800,000,000 tokens, and the genesis supply of the TGE is 500,000,000 tokens. The circulating supply after listing will be 95,000,000 (19.00% of the genesis token supply).
1. Project research report:
https://www.binance.com/en/research/projects/ionet
2. Official website:
https://io.net/
3. White Paper:
https://docs.io.net/
4. Official Twitter:
https://x.com/ionet
Binance download link: https://www.suitechsui.io/zh-CN/join?ref=73218734
