Solana
Binance Launchpool Rolls Out Support for New Solana-Based IT Altcoin
Binance adds the token of a Solana (GROUND)-powered by a decentralized artificial intelligence (AI) computer network to the list of supported crypto assets on its Launchpool platform.
In a statement, the world’s largest crypto exchange said that io.net (IO) will be the 55th crypto project on Binance Launchpool, which allows users to deposit their coins into a pool of funds to earn assets through new projects.
Binance says users will be able to stake BNB and the First Digital USD stablecoin (FDUSD) in separate pools to mine IO tokens over four days starting June 7. IO will then be listed on June 11.
According to io.net, it creates an enterprise-grade decentralized computing network that allows machine learning engineers to access distributed cloud clusters at a lower cost.
The goal is to address the challenges of relying on traditional cloud service providers that have 2.5 times less capacity than estimated market demand, leading to issues such as high costs, limited choices and delays longer wait times to access hardware with cloud services.
Read the io.net site,
“We believe that IT is the ‘digital oil’ of this generation, fueling an unprecedented technological industrial revolution. Our vision is to make IO the currency of computing, powering an ecosystem of products and services that enable access to computing as a resource and as an asset.
Binance says it will attach a seed tag to IO, which indicates that the token has higher volatility and risks than other crypto assets listed on its platform.
Don’t miss a beat – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Hodl Daily Blend
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway