According to an official announcement, Binance announced that IO.NET (IO), a decentralized AI computing & cloud platform, will be the 55th project on Binance Launchpool. Users will have the opportunity to stake their BNB and FDUSD tokens to farm IO tokens over a four-day period beginning at 00:00 (UTC) on June 7, 2024.

The IO token will then be listed on Binance at 12:00 (UTC) on June 11, 2024 with trading pairs IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. IO will be the first seed-labelled token on the platform.

IO.NET (IO) Launchpool Information:

- Token Name: IO.NET (IO)

- Total Token Supply at Genesis: 500,000,000 IO

- Max Token Supply: 800,000,000 IO

- Launchpool 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)

- Smart Contract Details: Solana

- Staking Terms: KYC required

- Supported Pools: Stake BNB (rewards of 17,000,000 IO) and stake FDUSD (rewards of 3,000,000 IO).

The farming period will run from 00:00 (UTC) on June 7, 2024 to 23:59 (UTC) on June 10, 2024. Further details on IO.NET (IO) will be available in our research report.

Curious about the potential of IO.NET? 
Read this post and don’t miss your chance to invest in potentially one of the biggest AI projects in crypto!

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I. What is IO.NET?
1/ How does it work? 
io.net offers a decentralized network of GPUs, providing scalable and affordable computing power for machine learning applications. Users can access a vast pool of GPUs from various sources worldwide, making it easier and cheaper to run ML workloads compared to traditional cloud services. Key benefits include lower costs, faster access, and high security, all while supporting global and sustainable computational resources
2/ What makes it so potential?
Significant cost savings: The platform offers up to 90% cost savings compared to traditional cloud providers like AWS. This affordability makes it highly attractive for startups and organizations with substantial computational needs .Global GPU access: io.net provides GPU access across over 138 countries, ensuring a broad and diverse network of computational resources .Sustainable computing: Partnering with green-committed data centers, io.net offers sustainable GPU options, supporting environmental sustainability while providing powerful computing resources  .High security standards: io.net prioritizes security with compliance standards such as SOC2 and HIPAA, ensuring that users’ data and computations are protected to the highest standards .Credible backers: io.net raised $30M, led by Hack VC with the participation from multiple tier 1 ventures such as Multicoin Capital, Delphi Digital, Solana Ventures, Aptos,....
II. Launchpool & Token Use Cases

1/ Launchpool Information
Token Name: IO.NET (IO)Launchpool Token Rewards: 20,000,000 IO (4% of max token supply)Initial Circulating Supply: 95,000,000 IO (19% of max token supply)Farming Period: 4 days, with farming starting from 2024-06-07 00:00 (UTC).Supported Pools: Stake BNB: 17,000,000 IO in rewards (85%) Stake FDUSD: 3,000,000 IO in rewards (15%)

2/ Token Use Cases
Currency for payments: The $IO token is used to facilitate transactions for renting and using GPU resources within the io.net ecosystem. This includes payments by GPU renters and earnings for GPU owners.Staking and Rewards: Users can stake $IO tokens to secure the network and earn hourly rewards. These rewards are distributed following a disinflationary model, which decreases the reward rate over time to control inflation.Governance: Users can use $IO to participate in decision-making about the plan or the future of IO.NET through a voting mechanism.
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III. Launchpool & Token Use Cases

Based on the $1 billion FDV from the recent Series A funding round and comparing with similar projects like Render Network and Akash Network, the FDV for IO.NET could range from $2.5 billion to $4 billion. Therefore, the initial price could range between $5 to $8 per token.

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IV. Our POV
Factors for Success:
Strong Community and User Base:
Engaging the community through governance and incentive programs can drive long-term loyalty and participation .
Technological Advancements:
Continuous improvements and innovations in the platform’s infrastructure and services can attract more users and suppliers .
Strategic Partnerships:
Forming partnerships with key players in the AI and blockchain industries can enhance the platform’s credibility and market reach .
Market Demand for AI Computing:
The growing demand for AI and ML computing power can drive the adoption and utilization of IO.NET’s decentralized GPU network .

Factors for Failure:
Inadequate Demand:
Failure to generate sufficient demand for GPU resources could lead to underutilization and reduced profitability .
Technological Failures:
Issues with network stability, security breaches, or technological shortcomings can undermine user trust and disrupt services .
Market Competition:
Strong competition from established cloud providers and other decentralized computing projects could limit IO.NET’s market share and growth potential .

Don’t fade on IO.NET, participate in the launchpool now 👇
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Trade Now With a Permanent 10% Reduced Fee