Encouraging users to earn through staking, Bitget has launched the IO Token, initiated from io.net on the PoolX Stake-to-Mine platform.
In Brief
The Bitget cryptocurrency exchange has incorporated the io.net platform, intending to feature the IO token in its Innovation, DePIN, AI, and Solana Ecosystem Zones.
Cryptocurrency exchange Bitget The announcement includes the rollout of a decentralized AI computing and cloud-based platform, signaling a noteworthy advancement in technology. io.net The IO token is set to be listed across Innovation, DePin, AI, and Solana Ecosystem Zones on the platform.
Currently, the deposit channel is active, and trading for this token will kick off at 12 PM UTC on June 11th, while withdrawals will be available from 12 PM UTC on June 12th.
In addition to this, Bitget is poised to unveil io.net on their stake-to-mine platform as early as tomorrow, allowing users the opportunity to stake IO tokens in exchange for rewards. The overall staking pool for IO tokens is valued at $100,000, with a potential cap of $300,000 IO for staking. The staking process is anticipated to commence at 8 AM UTC on June 12th and will continue until 8 AM UTC on June 22nd. PoolX Io.net is setting a precedent in transforming computing into a currency within blockchain architecture.
The platform revolves around the innovative idea of computing as a valuable currency, offering a suite of tools and services dedicated to the development, training, and deployment of machine learning models—all built on a blockchain foundation backed by Aptos and Solana. The IO token acts as a primary currency within this ecosystem, serving both as a utility and an asset.
The ecosystem of io.net With a total cap of 800 million IO tokens, the launch phase will see the distribution of 500 million, while the remaining 300 million will be created and rewarded to suppliers and stakers on an hourly basis.
io.net allocates 50% of the total token supply to the community, allocating specific percentages for ecosystem research and development, early backers during the Seed phase, initial core contributors, and early supporters from the Series A round. Once all rewards have been dispensed, the share held by the community is anticipated to rise to 50% approximately.
Based on IO token allocation It's crucial to understand that the details shared on this page are not meant to serve as legal, financial, or investment advice in any capacity. Always invest only what you can afford to lose, and when in doubt, consult with a financial professional. For more information, please refer to the terms of service and the support resources offered by the issuer or advertiser. MetaversePost strives for factual and impartial reporting, but please be aware that market dynamics can shift unexpectedly.
Disclaimer
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