Binance just announced the first time listing of the new cutting-edge project's token: io.net ! With $BNB reaching a new ATH high of $700, the buzz around the 55th project on Binance's Launchpoolis intensifying🚀
About io.net🌐
io.net positions itself as the world’s largest decentralized computing network designed to power up machine learning (ML) and AI applications at a fraction of the cost of centralized services.
Prior to June 2022, io.net was exclusively devoted to developing institutional-grade quantitative trading systems for the US stock market and the cryptocurrency market. In April 2023, after rebranding itself as the "internet of GPUs", io.net became one of the winners of the Solana Hackathon and launched the network in November.
Technically, io.net is a Solana-based DePIN project that aggregates the computing power of more than a million GPUs from independent data centers, crypto miners, and crypto projects such as Filecoin or Render. A Decentralized Physical Infrastructure Networks (DePIN), leverages blockchains, IoT and the greater Web3 ecosystem to create, operate and maintain real-world physical infrastructure. In a DePIN network, token incentives are used to coordinate, reward and safeguard members of the network.
Io.net uses the Solana blockchain to provide transparent proof-of-compute and make every transaction between supplier and consumer visible on-chain. The IO token, in turn, provides a unified transaction experience for users and enables incentive mechanisms for suppliers, customers, and users to participate and grow the network.

Prospects 👩‍💻
According to Ahmad Shadid, founder and CEO of io.net: "The demand for GPU compute capacity for AI applications is more than 2.5 times the capacity that exists in cloud services like AWS and Azure today, increasing costs and lead times for everyone." For this reason, io.net intends to disrupt the cloud computing market with its decentralized permissionless model: while it can take weeks to obtain GPU compute from traditional centralized cloud providers, such as AWS, io.net makes it possible to get access to distributed clusters in seconds.
The project is already backed by a solid ground of investors, including Solana Ventures, Multicoin Capital, and Hack VC. ⭐️⭐️⭐️
According to Shayon Sengupta from Multicoin Capital: GPUs are "the scarcest commodity in the world" and industry analysts are "still radically underestimating" how much computing power will be needed to fuel the next generation of AI apps. "Io.net has the potential to democratize GPU computing", he added.
According to Ed Roman from Hack VC: "Io.net saves customers up to 90% on their cloud AI costs. In an age where GPU chips are in high demand with global shortages, that is simply an incredible accomplishment."

Here’s your chance to get involved early and farm $IO tokens💰!
Launchpool Details 📅
The $IO token will first be issued on Binance Launchpool, where users will be able to farm it using staked BNB and FDUSD. Then, trading will open with IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY trading pairs.
🗓️ Key Dates:
Farming Starts: 2024-06-07 00:00 (UTC)Trading Opens: 2024-06-11 12:00 (UTC)
During the farming period, 4% of the total IO supply (20M tokens) will be available to earn:
17M IO for the BNB pool3M for the FDUSD pool
Upon listing, 19% of the total supply (95M IO) will be unlocked and available to the public.
IO has a max token supply of 800M, 300M of which will be emitted gradually for suppliers and stakers who contribute to io.net’s decentralized network. Rewards will be distributed over a period of 20 years with a disinflationary model beginning at 8% in the first year and decreasing gradually until the 800M cap is reached.

🚀Tokenomics:
Token Name: IO.NET (IO)Total Token Supply at Genesis: 500,000,000 IOMax Token Supply: 800,000,000 IOLaunchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis)Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis)
📝Terms and Details:
- Smart Contract Details: [SOL]
https://solscan.io/token/BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K
- Staking Terms: KYC required
💰 How to Participate:
1. Stake Your Tokens: Stake your BNB and FDUSD into separate pools.
2. Farming Period: From 2024-06-07 00:00 (UTC) to 2024-06-10 23:59 (UTC).
3. Hourly Hard Cap per User:
BNB Pool: 17,708.33 IOFDUSD Pool: 3,125 IO

Let's speculate on the IO token's price 🎯:
As seen above, there are many positive points for the IO project!
Also as said Ahmad Shadid, founder and CEO of io.net the demand for GPU compute capacity is extremly high! We can therefere expect that the recent hype around artificial intelligence (AI) and the huge enthusiasm surrounding GPU tokens should continue to be strong over time! 📈
Let's not forget to highlight "Nvidia shares passed a historic milestone on Wednesday, with a new record high of $1224.40, which pushed the capitalization above $3000 billion, allowing the AI chipmaker to pass Apple (NASDAQ:AAPL)"💥
So investors are out in force to speculate on these new technologies! With the large team behind the project and the many partnerships already built, IO token seems to be a solid choice for the long term!
Binance will be the very first platform to list the token. This also means lower selling pressure!
After some research, I discovered that the price of IO on a competitive pre-market place was around $4, with a peak of $4.89! [on 07-06-24]
Now let's see how realistic this price is in terms regarding the token economics:
Taking into account the 115 M tokens in circulation (Launchpad rewards + initial circulating supply):
115 000 000 x 4.00 $ (average price) = 460 000 000 Mcap!
Following my previous analyses on RENZO and NOT, this is even higher and confirms the strong demand for GPU tokens! 🚀
Unlike NOT coins, there will be little selling pressure, as there are no massive airdrops and few token holders.
So I think it's realistic for the price to explode on listing ($10...🎯?), then come back down to consolidate towards the reference price of 4$!

And you, what do you think about the IO token price? 👀

That's it, thanks for reading!
See you soon! 🐸

Project Links🔗:
IO.NET Website: https://io.net/Whitepaper: https://docs.io.net/X: https://x.com/ionetTelegram: https://t.me/io_net

#IOLAUNCHPOOL #ionet #io.net #BTC #BnbAth