Binance announced its 55th Launchpool project IO.NET (IO), a decentralized artificial intelligence and cloud computing platform. Users can stake BNB and FDUSD to obtain IO tokens starting June 7, and trading will begin on June 11. This move not only marks an important milestone for IO.NET, but also demonstrates Binance’s continued commitment to supporting innovative projects. Additionally, Binance Coin (BNB) price crossed $700, reflecting increased network usage and significant growth in market activity.

key point

- Binance launches IO.NET (IO) as its 55th Launchpool project, with trading starting on June 11.

- Users can stake BNB and FDUSD to obtain IO tokens starting from June 7th.

- IO.NET has an initial supply of 500 million tokens and a maximum supply of 800 million tokens.

- BNB price breaks above $700, showing increased network usage and significant growth in market activity.