Binance has announced the addition of io.net (IO) token, a decentralized artificial intelligence (AI) computing network powered by Solana (SOL), to its Launchpool platform. This move marks the 55th crypto project to be supported on the platform, where users can deposit their coins into pools to earn assets from new projects.

Starting on June 7th, users will have the opportunity to stake BNB and FDUSD in separate pools to farm IO tokens over a four-day period, with IO set to be listed on June 11th. According to io.net, the network aims to provide an enterprise-grade decentralized computing solution for machine learning engineers to access distributed cloud clusters at a more affordable cost.

The io.net website states, “We believe that compute is this generation’s ‘digital oil,’ powering a never-before-seen technological industrial revolution. Our vision is to build IO as the currency of compute, enabling access to compute as a resource and asset.”

Binance will designate a seed tag to IO, indicating higher volatility and risks compared to other crypto assets on the platform. Investors are advised to conduct their due diligence before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not provide investment advice and participates in affiliate marketing.