How to Participate in Binance Launchpool?
To join the new coin mining (Launchpool) program:
- Visit the Binance Launchpad homepage
- Locate the mining pool section
- Select your preferred cryptocurrency to stake (BNB or FDUSD)
Project Details
- Token Name: IO.NET (IO)
- Initial Total Supply: 5,000,000 IO
- Maximum Token Supply: 800,000,000 IO
- Initial Circulation: 95,000,000 IO (19% of initial supply)
- Total Mining Allocation: 20,000,000 IO (4% of initial supply)
- Blockchain: Solana
- Requirements: KYC verification mandatory
Hourly Mining Caps:
- BNB Pool: 17,708.33 IO
- FDUSD Pool: 3,125 IO
Mining Pool Distribution
Available Mining Pools
- BNB Pool: 17,000,000 IO (85% allocation)
- FDUSD Pool: 3,000,000 IO (15% allocation)
Mining Period: June 7, 2024 (08:00 UTC+8) to June 11, 2024 (07:59 UTC+8)
IO.NET Project Overview
IO.NET is a decentralized AI computing and cloud platform that aggregates GPU resources to create an accessible network for machine learning startups.
Key Features:
- Decentralized GPU Network: Connects underutilized GPU resources worldwide
- Cost Efficiency: Offers computing power at 90% lower cost than traditional cloud providers
- AI/ML Focus: Specialized infrastructure for machine learning applications
IO Token Utility:
- Payment Currency: Used for transactions within the io.net ecosystem
- Staking: Participants can stake IO tokens to earn rewards
- Governance: Token holders can participate in platform decisions
👉 Learn more about decentralized computing
Technical Infrastructure
IO.net's platform supports four core functions:
- Batch Inference and Model Serving
- Parallel Training
- Hyperparameter Tuning
- Reinforcement Learning
The network leverages distributed computing libraries to optimize GPU resource utilization across its decentralized network.
Tokenomics
- Total Funding Raised: $40 million (Series A and B)
- Current Valuation: $1 billion
- Private Sale Allocation: 36.24% of genesis supply
- Token Release Schedule: Gradual unlocking according to project roadmap
Roadmap Highlights
Completed Milestones:
- Q2 2023: Seed funding secured
- Q3 2023: GPU clustering demonstration at Ray Summit
- Q4 2023: Public launch announcement at Solana Breakpoint
- Q4 2023: BC8.AI decentralized ML model launch
Key Partnerships:
IO.net has established 50+ commercial partnerships, including:
- Aethir (Decentralized cloud provider)
- Exabits (GPU supplier)
- Hiveon (Mining solutions)
- Krea (AI design platform)
- Ritual (Decentralized AI network)
Community Channels
FAQ
What is the minimum staking amount for Launchpool?
There is no minimum staking requirement - you can participate with any amount of BNB or FDUSD.
How often are mining rewards distributed?
Rewards are calculated hourly and distributed to your Binance spot wallet.
Can I stake both BNB and FDUSD simultaneously?
Yes, you can participate in both pools simultaneously to maximize your rewards.
When will IO tokens be listed for trading?
IO tokens will be listed shortly after the mining period ends on June 11, 2024.
What's the long-term vision for IO.NET?
The project aims to create a globally accessible decentralized cloud computing network that challenges traditional cloud providers.