Altcoins built on the Solana blockchain and coins utilizing artificial intelligence (AI) technology have shown a significant increase in investment and value appreciation.
An outstanding victor is the native token IO of io.net, which rapidly rose past the $6.5 threshold and experienced a remarkable 60% jump just after Binance made a significant listing announcement.
The token was integrated into multiple platforms, including as Binance Simple Earn, Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest.
This announcement caused the listing to reach a new peak of $5.99, positioning it as one of the leading performers among tokens built on the Solana platform.
io.net’s objective is to create a cloud computing network that is accessible worldwide and decentralized. This network will offer economical, flexible, and unrestricted access to computing power.
The solution tackles the difficulties encountered by conventional cloud computing architecture by consolidating GPUs from underutilized sources, such as isolated data centers and idle crypto mining farms.
This system utilizes distributed computing libraries to enable parallel training and is compatible with reinforcement learning workloads through an open-source framework.
io.net employs a strategic approach to guarantee the consistent and regulated allocation of tokens, fostering the long-term stability and expansion of the ecosystem. Upon being listed on Binance, the initial circulating quantity of IO tokens is 95,000,000, which represents 19.00% of the total Genesis supply.
The total number of IO tokens available is capped at 800,000,000. These tokens are distributed across private sales, public launch, team and advisors, and ecosystem treasury.
The Solana-based cryptocurrency IO has achieved a market valuation of over $570 million, reflecting a substantial increase in investment into the recently created IO token. It is now trading at $5.97.
