Binance Adds IONET (IO) to Launchpool, Expanding AI Offerings

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Binance Adds IONET (IO) to Launchpool, Expanding AI Offerings
  • Binance announces the launch of its 55th Launchpool project, IONET.
  • The IO token will be launched on Binance and start trading from June 11, 2024.
  • IONET focuses on revolutionizing the AI and cloud computing sectors.

Binance, the world’s largest cryptocurrency exchange, has announced its 55th Launchpool project, IONET (IO). Users can now farm IO, the native token of this decentralized AI computing and cloud platform, using BNB and FDUSD.

As per Binance’s official announcement, IO token trading will begin on June 11, 2024, at 12:00 (UTC), with pairs including BTC, USDT, BNB, FDUSD, and TRY.

Farming on Binance Launchpool will continue for four days, offering 4% of the total IO token supply. 17 million and 3 million IO tokens are allocated to BNB and FDUSD pools, respectively, out of a total supply of 500 million tokens.

IONET recently partnered with Aptos Labs to provide a transparent, immutable record of AI-generated assets and creations. IONET aims to revolutionize AI and cloud computing through decentralized solutions.

The IO token represents the “currency of computing power,” unlocking global computing resources, according to the platform. Avery Ching, co-founder and CTO of Aptos Labs, stated, “Decentralized physical infrastructure networks like IONET are building the foundation we need to ensure that AI products and services are accessible to everyone around the world.”

In related news, Binance celebrated reaching 200 million users, doubling its user base in just over two years. The platform acknowledged its community’s support and expressed its ambition to reach 1 billion users.

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