HomeBinanceBinance Launchpool Introduces Support for New Altcoin Utilizing Solana-Based AI Computing

Binance Launchpool Introduces Support for New Altcoin Utilizing Solana-Based AI Computing

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Binance Launchpool Adds io.net (IO) Token: Stake BNB and FDUSD to Farm IO Tokens

Binance Adds Solana-Powered AI Computing Network Token to Launchpool

Binance, the world’s largest crypto exchange, is set to add the token of a Solana-powered decentralized artificial intelligence (AI) computing network to its Launchpool platform. IO, the token of io.net, will be the 55th crypto project on Binance Launchpool, offering users the opportunity to earn assets from new projects by depositing their coins into a pool of funds.

Starting on June 7th, users will be able to stake BNB and FDUSD into separate pools to farm IO tokens over four days. The IO token will then be listed on June 11th. Io.net aims to create an enterprise-grade decentralized computing network that allows machine learning engineers to access distributed cloud clusters at a lower cost.

The project seeks to address the challenges faced by traditional cloud service providers, such as high costs, limited choices, and longer waiting times to access hardware with cloud services. Io.net envisions IO as the currency of compute, powering an ecosystem of products and services that enable access to compute as a resource and an asset.

Binance has cautioned users that IO will have higher volatility and risks compared to other crypto assets listed on its platform. The addition of IO to Binance Launchpool highlights the growing interest in decentralized AI computing networks and the potential for innovative solutions in the space.

Stay tuned for the listing of IO on Binance on June 11th, and don’t miss out on the opportunity to farm IO tokens through the Launchpool platform. Subscribe to get email alerts and follow The Daily Hodl for the latest updates on crypto news and developments.

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