Binance has announced the integration of IO.NET (IO) into its Launchpool platform, enabling users to stake BNB (Binance Coin) and FDUSD (First Digital USD) to farm IO tokens. This initiative marks the 55th project featured on Binance Launchpool, offering a streamlined way for participants to earn rewards.
Key Details of IO.NET (IO) Launchpool
Farming Period
- Start: June 7, 2024, at 00:00 UTC
- End: June 10, 2024, at 23:59 UTC
- Duration: 4 days
Token Distribution
- Total Rewards: 20,000,000 IO tokens (4% of total supply at Genesis)
- Initial Circulating Supply: 95,000,000 IO (19% of total supply)
Supported Staking Pools
- BNB Pool: 17,000,000 IO rewards (85% allocation)
- FDUSD Pool: 3,000,000 IO rewards (15% allocation)
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Trading and Listing Schedule
- Listing Date: June 11, 2024, at 12:00 UTC
Available Trading Pairs:
- IO/BTC
- IO/USDT
- IO/BNB
- IO/FDUSD
- IO/TRY
Note: IO tokens will carry a 'seed tag', indicating higher volatility and associated risks.
How Staking Works
- Reward Calculation: Hourly updates, with claims available anytime.
- Flexibility: Stake in one pool or distribute across multiple pools.
- Real-Time Metrics: APY and pool balances refresh dynamically.
- Unstaking: Instant withdrawal and pool switching permitted.
👉 Explore Binance Launchpool strategies
Eligibility and Restrictions
Users from the following regions cannot participate:
- Australia, Canada, Cuba, Iran, Japan, the United States, and others.
Binance may update this list periodically based on regulatory changes.
FAQs
1. What is Binance Launchpool?
Binance Launchpool allows users to stake cryptocurrencies like BNB or FDUSD to farm new tokens before they're listed, offering early access to emerging projects.
2. How are rewards distributed?
Rewards accumulate hourly and can be claimed manually or auto-transferred to your spot account post-farming.
3. Can I unstake tokens mid-farming?
Yes, unstaking is instant, and you can reallocate tokens to other pools immediately.
4. Why does IO have a 'seed tag'?
The seed tag highlights higher risk due to volatility, typical of new listings.
5. Are there fees for staking?
Binance does not charge staking fees, but standard trading fees apply post-listing.
6. How do I check my rewards?
Navigate to the Launchpool section on Binance for real-time reward tracking.
Final Notes
Participants are advised to research risks associated with digital assets. For official details, refer to Binance's announcement.