Binance has announced the addition of io.net (IO) to its Launchpool platform, marking the 55th crypto project to be supported on the world’s largest crypto exchange. Users will now have the opportunity to deposit BNB and FDUSD into separate pools to farm IO tokens over a four-day period starting on June 7th, with IO being listed on June 11th.
Io.net is focused on creating a decentralized computing network that provides machine learning engineers with access to distributed cloud clusters at a more affordable rate. The platform aims to tackle the challenges faced by traditional cloud service providers, such as limited capacity and high costs, by offering a more efficient and accessible solution.
Describing compute as the “digital oil” of this generation, io.net envisions IO as the currency of compute, powering a range of products and services that facilitate access to compute as both a resource and an asset. Binance has indicated that IO will have a seed tag attached to it, signifying higher volatility and risks compared to other assets on the platform.
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