Binance is announcing to launch another new coin with the name #IO which will be then available for farming in the launchpool.
For your information, Binance launchpool is the place where you can farm new crypto coins which are going to list in the exchange. You can farm by staking #BNB or #FDUSD coin.
This is the 55th project in the binance launchpool and this time with another coin #IO, a decentralized AI computing & cloud platform.
Farming starting from 2024-06-07 00:00 (UTC) and it will continue for 4 days, which means after staking #BNB you will get rewards after every four hours and you can claim it.
The coin will be going to list at 2024-06-11 12:00 (UTC) and open trading with IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY trading pairs.
Complete name of the token is IO.NET (IO)
Total Token Supply at Genesis: 500,000,000 IO
Max Token Supply: 800,000,000 IO
Launchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis)
Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis)
Also one thing to share with you guys that when you farm new coin with #BNB you will get 85% of the profit as compared to staking with #FDUSD.
This is because #Binance surely support staking with their coin that is #BNB. If you are already invested in #BNB then its the best opportunity to farm #IO coin.
As per profit calculation, you will get around $16 worth of that new coin with holding 1BNB or putting it into stake. This is a rough calculation and may change with every new coin.
What do you people think about #Binance launchpool? Are you going take part in this staking pool? Will be glad to see your answers in the comment section.
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