Binance Lists IO Token from DePin Project

Tuesday, June 11, 2024 1:10 PM
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Binance Lists IO Token from DePin Project cover

Binance has listed the IO token from the Decentralized Physical Infrastructure Network (DePin) project, trading since June 11th. The IO token, valued at around $3.78, has a fully diluted valuation of approximately $3 billion, making it a significant player in the ecosystem. It serves as the main currency for services, transactions, and fees within the io.net network, also rewarding contributors for their GPU power. Crypto analysts have compared IO tokens with similar projects like Render (RNDR), estimating a potential FDV for io.net between $2.5 to $4 billion. With io.net boasting 21,784 GPUs, surpassing competitors, the IO token shows promise for growth post-listing. The project’s decentralized computing network addresses the high costs of GPUs needed for AI model training by offering substantial computing power at reduced costs, positioning io.net as a potential leader in the ‘Internet of GPUs’.

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