IONET CEO Steps Down Amid Growth and Allegations
Sunday, June 9, 2024 2:44 PM
174
![IONET CEO Steps Down Amid Growth and Allegations cover](https://cdn.depinscan.io/posts/cover/361957.png)
Ahmed Shadid, co-founder and CEO of IONET, a decentralized AI computing and cloud platform, has resigned amid allegations of fraudulent activities. Shadid’s decision aims to allow the company to grow without distractions. COO and co-founder Tory Green will assume the CEO role. Shadid expressed gratitude to the team and community, donating 1M IO tokens to the ecosystem. IONET’s unique tokenomics and recent selection by Binance as its 55th Launchpool project signal a promising future for the platform.
Related News
![Earning Rewards with Roam's Decentralized WiFi Network cover](https://cdn.depinscan.io/posts/cover/993715.png)
19 hours ago
Earning Rewards with Roam's Decentralized WiFi NetworkRoam is a decentralized network that transforms WiFi into a tool for earning rewards and contributing to a global infrastructure. It integrates millions of WiFi spots into a unified network, enhancing accessibility and offering a dynamic reward system for users. By using Roam, individuals can earn R
![Decentralized Smartphone APhone Boosts Capacity with Aethir Partnership cover](https://cdn.depinscan.io/posts/cover/993622.png)
3 days ago
Decentralized Smartphone APhone Boosts Capacity with Aethir PartnershipAPhone and Aethir have introduced a new scaling solution that significantly reduces costs and enhances the performance of decentralized smartphones. The solution is expected to increase APhone’s user capacity tenfold and provide substantial scalability for the decentralized physical infrastructure (
![Crypto Market Calm Before Potential Bull Run cover](https://cdn.depinscan.io/posts/cover/993618.png)
3 days ago
Crypto Market Calm Before Potential Bull RunThe crypto market is currently calm, with altcoins at an advantageous entry point for potential growth. Trends such as Real World Assets, Decentralized Physical Infrastructure Networks, and AI coins are gaining attention. CYBRO's presale has reached $1.3 million, offering investors significant retur
![DePIN: The New Era of Decentralized Infrastructure cover](https://cdn.depinscan.io/posts/cover/993612.png)
3 days ago
DePIN: The New Era of Decentralized InfrastructureThe emergence of Web3 is revolutionizing the access to computing power and storage, altering the internet's foundational connectivity. DePIN, shorthand for 'Decentralized Physical Infrastructure Networks', is a novel approach to managing infrastructure through blockchain, enhancing transparency, sec
![InfStones Launches Node-as-a-Service for DePINs cover](https://cdn.depinscan.io/posts/cover/993616.png)
4 days ago
InfStones Launches Node-as-a-Service for DePINsInfStones, a prominent blockchain infrastructure provider, has introduced a Node-as-a-Service (NaaS) product, simplifying the process of setting up nodes for Decentralized Physical Infrastructure Networks (DePINs). This innovative solution allows users to engage with DePIN communities effortlessly,
![Meltem Demirors Advocates for DePINs and Sensible Regulation in Crypto Space cover](https://cdn.depinscan.io/posts/cover/993619.png)
5 days ago
Meltem Demirors Advocates for DePINs and Sensible Regulation in Crypto SpaceMeltem Demirors, a prominent figure in the crypto industry, is advocating for the development of Decentralized Physical Infrastructure Networks (DePINs), predicting they will lead to the creation of numerous multi-billion-dollar companies within the crypto space. Demirors, who serves as the Chief St