io.net on Binance Launchpool: get tokens for staking BNB or FDUSD
The decentralized platform io.net is represented by a new member on the Binance Launchpool platform. Earlier, the Icnrypted editorial team examined the activities in the protocol with a focus on airdrop. You can read more about the project here.
io.net is the 55th project that uses the functionality of Binance’s Launchpool platform to initially distribute its tokens to the community before trading begins.
Thus, users have the opportunity to claim a share of assets before listing. The total IO supply (during the Genesis phase) is 500 million. 4% is allocated for the campaign, and 19% for the initial circulation.
The project has raised $30 million in a Series A funding round from Hack VC, Solana Ventures, OKX Ventures, and others.
In this article, we will take a closer look at the campaign terms and show you how to register for participation.
More about the Launchpool
After the launch of the mining campaign, you need to staking BNB and/or FDUSD to claim a share of the IO token distribution. The maximum amount that can be distributed in one day is 5 million IO (4.25 million for BNB and 750,000 for FDUSD).
The functionality works in such a way that the reward decreases with the increase of users. Therefore, to maximize the reward, you need to join the farming at the very beginning, when there are fewer stakers. You can also make a deposit in advance to qualify for IO from the start.
A total of 20 million IOs will be distributed among the participants:
- bNB pool: 17 million IO (85%);
- fDUSD pool: 3 million IO (15%).
If you don’t have a Binance account, you can register with the exchange by following this link.
Important: the token will be listed on June 11, 2024 at 12:00 (UTC).
How to participate in the io.net Launchpool
Important: the opportunity to join the farming will open on June 7, 2024 at 00:00 (UTC). The farming period is 4 days.
Note: the steps shown in the screenshots below can be performed both before and during the campaign.
- Follow the link and log in. Select the desired token pool and click on it:
- After familiarizing yourself with the details, click Stake:
- Specify the desired number of tokens and confirm:
- Wait for the distribution to be completed. The tokens will be automatically transferred to the participants’ spot account.
Conclusion
To potentially increase the number of tokens you receive, you need to make a deposit before the start or shortly after it. Please consider all the risks if you decide to specifically purchase BNB for this campaign. For users who have owned a native BSC network token before, participation will only cost a liquidity lock for the duration of the campaign.
Highlights:
- staking until June 10, 23:59 (UTC);
- the farming period is 4 days.
Useful links: Website | X | Discord
If you have any questions, you can ask them in our Telegram chat.
All information is provided for informational purposes only and should not be used as a basis for making investment decisions, nor should it be considered as a recommendation or advice to participate in investment transactions. Do Your Own Research.
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