Io.net, a decentralized physical infrastructure network (DePIN), launches its native token, IO, on Binance, marking a key DeFi development.
This project is launching its native token is an essential development in DeFi. Let’s look over what IO.NET has to offer.
The IO token will be live on the Binance launchpool. Like every other native token, it allows users to farm it. You can farm the IO token by staking BNB or FDUSD.
To do this, you need to begin farming on June 7th, 2024. To accumulate the io token, you must stake the BNB or FDUSD tokens on the Binance launch pool. The farming period that will ensure you earn the io token is four days. Io.net will distribute tokens to IO farmers.
4% IO supply, which is 20 million IO tokens, will be available for farming. It’s important to know that:
The token distribution method in Binance Launchpool is fair, allowing users to trust the system enough to take part and earn.
After the four-day farming period, Binance will list the IO token on June 11 at 12:00 UTC. The total supply of the IO tokens is 800,000,000. Within the next 20 years, stakers and contributors to io.net growth will receive 300 million out of 800 million tokens as rewards.
The distribution rate will be 8% for the first year and decrease until it reaches the total supply cap. As a token holder or staker, you also get a say in the governance decision of io.net. You get to vote and voice your opinions concerning any development. You can see more info here.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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