Last month, I talked to you about IoNet in an article. In short, it’s a project built on Solana that plans to make access to GPU and CPU decentralized and cheaper than Web 2.0 counterparts such as AWS. Today, after a long wait, they officially announced the launch date !
The News
Today, IoNet officially announced the launch of their token on June 11th. It’s also important to note that $IO, the native token of IoNet, will be available to be earned on the Binance launchpool tomorrow on June 7th for 4 days until the mainnet on June 11th.
To participate in the launchpool, you will need to stake $BNB or $FDUSD. However, the pool of rewards is better for $BNB stakers:
Source : Binance
The Pre-Market
So, you may know that people can speculate around the price of $IO after the launch. People can try to buy or sell tokens at the price they want, and if someone agrees on your price, then you both put money as collateral in case one of you doesn’t make the deal as promised. In that case, the person who doesn’t make the deal loses their collateral for the benefit of the other person.
Whales Market is one of those platforms allowing you to make these Over-The-Counter (OTC) deals. Let’s see how much $IO is trading at :
This does not mean that $IO will go to $4.25 at launch, but it’s the consensus of the people who trade here. Here are the predictions of Whales Market for tokens that are actually live right now:
This is clearly not the perfect way to predict the future price of $IO, but it’s still an indication.
The Airdrop
So, as you may know, IoNet made a pre-mainnet campaign and will reward people who were involved in the project, for example, as “workers” by lending their GPU or CPU. But also active community members on Discord and those who have completed Galxe quests.
These ignition rewards are divided into 3 seasons. On the day of the launch of $IO, seasons 1 and 2 rewards will be distributed. That’s 25 million $IO for the workers and an additional 7.5 million $IO for Galxe and Discord:
Conclusion
Officially, Binance is the only exchange that will list the token $IO, but in reality, it’s sure that other exchanges will follow. It will be very interesting because all the airdrop rewards will also be distributed at launch, so there will be selling pressure.
As always thank you for reading !
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Disclaimer : This is not a financial advice, you need to do your own research !
