Binance has announced its 55th project on Binance Launchpool: IONET (IO), a decentralized artificial intelligence computing and cloud platform. This initiative marks another significant step in supporting innovative projects within the cryptocurrency ecosystem, particularly those advancing AI and decentralized cloud solutions.
Trading for the IO token is scheduled to begin on June 11 at 12:00 UTC, with Binance being the first exchange to list it. This early listing underscores Binance's role in fostering new technologies and providing users with access to emerging digital assets.
IONET (IO) Token Farming Details
Starting June 7 at 00:00 UTC, users can stake BNB and FDUSD in separate pools to farm IO tokens over a four-day period. This farming opportunity allows participants to earn tokens before they become widely available on the market.
The total initial supply of IO tokens is 500 million, with a maximum supply capped at 800 million. Initially, 95 million IO tokens (19% of the initial supply) will be in circulation. The Launchpool mining volume is set at 20 million IO tokens, representing 4% of the initial total supply.
Pool Allocation and Limits
- BNB Pool: Allocated 17 million IO tokens (85% of the farming pool). The personal hourly mining limit is 17,708.33 IO.
- FDUSD Pool: Allocated 3 million IO tokens (15% of the farming pool). The personal hourly mining limit is 3,125 IO.
The official website will be updated within five hours of the announcement with detailed instructions and timelines. For those looking to participate, it's essential to understand the staking process and limits. 👉 Explore step-by-step farming guides
BNB Performance Amid Launchpool Excitement
Binance Coin (BNB) has recently reached an all-time high, surpassing the $700 mark. This price surge coincides with increased network activity and the announcement of the IONET Launchpool project.
Data from BscScan indicates a significant rise in BEP-20 token transfers, jumping from 6.62 million on May 19 to 10.29 million by June 3—a 56% increase in daily transfers. This growth reflects heightened utility and adoption of the BNB network.
As of the latest data, BNB is priced at $697.88 with a 24-hour trading volume of $1.2 billion. Although it experienced a minor decline of 0.82% in the past day, the token has gained 17.14% over the past week. With a circulating supply of 150 million BNB, its market capitalization stands at $107.3 billion.
Frequently Asked Questions
What is IONET (IO)?
IONET is a decentralized AI computing and cloud platform that aims to provide efficient, accessible solutions for artificial intelligence and cloud-based services. Its native token, IO, facilitates various functions within the ecosystem.
How can I participate in IO token farming?
To farm IO tokens, users need to stake BNB or FDUSD in the designated pools on Binance Launchpool between June 7 and June 11. Detailed instructions are available on the Binance website once updated.
What is the total supply of IO tokens?
The initial total supply is 500 million IO tokens, with a maximum supply of 800 million. The circulating supply at launch will be 95 million tokens.
Why did BNB price surge recently?
BNB's price increase is attributed to rising network activity, increased adoption, and excitement surrounding new Binance initiatives, including the Launchpool project with IONET.
Is IONET focused only on AI?
While decentralized AI computing is a core focus, IONET also provides cloud infrastructure solutions, making it a broader platform for decentralized services.
Where can I trade IO tokens?
IO tokens will be first available for trading on Binance starting June 11 at 12:00 UTC. Other exchanges may list the token subsequently. 👉 Check real-time trading platforms
Conclusion
The introduction of IONET as Binance's 55th Launchpool project highlights the exchange's continued support for innovative blockchain and AI integrations. With clear farming rules and a structured token distribution, users have a transparent opportunity to engage with this new project. The concurrent surge in BNB's value further emphasizes the growing interest and confidence in the Binance ecosystem. As always, participants should conduct their research and understand the risks involved in cryptocurrency investments.