BTC

$64814.981

-0.61%

ETH

$3390.4

-3.04%

BNB

$577.971

-3.23%

XRP

$0.489

-2.74%

News

Io.net’s Ignition Rewards Program Now Opens Claim Website For Users

June 11, 2024 - Around 2 mins mins to read

Key Points:

  • Users of io.net’s Ignition Rewards Program can claim their rewards from June 11 to June 18, 2024.
  • The project, valued at $1 billion after a $30 million funding round, will have its IO token listed on Binance starting June 11, 2024.
Solana-based DePIN project, io.net, has recently announced that users who are part of the Ignition Rewards Program can now claim their rewards on the official application website.
Io.net's Ignition Rewards Program Now Opens Claim Website For Users

Read More: io.net Review: Notable DePIN Project In The Solana Ecosystem

Io.net’s Ignition Rewards Program Announced Claim Period

Users who participate in io.net’s Ignition Rewards Program will have a claim period that starts at 11:00 UTC on June 11, 2024, and will end at 11:00 UTC on June 18, 2024.

io.net’s Ignition Rewards Program began back on March 1 and ended the first phase on April 28 while rewarding users with the supply of their GPU resources to the network. The program increases io.net’s ability to aggregate GPU resources as it works with companies focused on artificial intelligence and machine learning, which are vital for running these operations.

Set up in 2020 by Ahmad Shadid while building Dark Tick, an ML quant trading business, io.net has since undergone massive development. To run the Dark Tick models for trading stocks and cryptocurrencies, a significant amount of computing power is required, serving as the very foundation for the current infrastructure of io.net.

A signal of this pattern is the new $30 million Series A funding the project has just completed, led by Hack VC and Multicoin Capital. This has recently valued io.net’s DePIN project at circa $1 billion, indicative of its meteoric rise in the decentralized AI space.

Leadership Transition Before IO Token Launch

In a milestone-inducing move, Binance will be the first exchanges to list io.net’s IO token in trading pair format, with trading beginning at 12:00 UTC on June 11, 2024. Thew listing promises to be formative for the fortunes of the project, potentially driving growth in terms of visibility and accessibility.

Additionally, io.net is undergoing a leadership transition. CEO Ahmad Shadid recently announced his resignation. Shadid has handed over the CEO position to Tory Green.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Binance

DePIN

Ignition Rewards Program

io

Io.net

Solana

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Io.net’s Ignition Rewards Program Now Opens Claim Website For Users

Key Points:

  • Users of io.net’s Ignition Rewards Program can claim their rewards from June 11 to June 18, 2024.
  • The project, valued at $1 billion after a $30 million funding round, will have its IO token listed on Binance starting June 11, 2024.
Solana-based DePIN project, io.net, has recently announced that users who are part of the Ignition Rewards Program can now claim their rewards on the official application website.
Io.net's Ignition Rewards Program Now Opens Claim Website For Users

Read More: io.net Review: Notable DePIN Project In The Solana Ecosystem

Io.net’s Ignition Rewards Program Announced Claim Period

Users who participate in io.net’s Ignition Rewards Program will have a claim period that starts at 11:00 UTC on June 11, 2024, and will end at 11:00 UTC on June 18, 2024.

io.net’s Ignition Rewards Program began back on March 1 and ended the first phase on April 28 while rewarding users with the supply of their GPU resources to the network. The program increases io.net’s ability to aggregate GPU resources as it works with companies focused on artificial intelligence and machine learning, which are vital for running these operations.

Set up in 2020 by Ahmad Shadid while building Dark Tick, an ML quant trading business, io.net has since undergone massive development. To run the Dark Tick models for trading stocks and cryptocurrencies, a significant amount of computing power is required, serving as the very foundation for the current infrastructure of io.net.

A signal of this pattern is the new $30 million Series A funding the project has just completed, led by Hack VC and Multicoin Capital. This has recently valued io.net’s DePIN project at circa $1 billion, indicative of its meteoric rise in the decentralized AI space.

Leadership Transition Before IO Token Launch

In a milestone-inducing move, Binance will be the first exchanges to list io.net’s IO token in trading pair format, with trading beginning at 12:00 UTC on June 11, 2024. Thew listing promises to be formative for the fortunes of the project, potentially driving growth in terms of visibility and accessibility.

Additionally, io.net is undergoing a leadership transition. CEO Ahmad Shadid recently announced his resignation. Shadid has handed over the CEO position to Tory Green.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Visited 183 times, 11 visit(s) today