The Rise of AI Altcoin IO Following Binance Support
A Solana (SOL)-based altcoin project with an artificial intelligence (AI) focus is making waves after receiving backing from Binance, the world’s largest crypto exchange.
Recently, Binance announced the listing of the decentralized AI computing network io.net (IO) for trading on its platform. This move has sparked excitement among investors and has contributed to the surge in IO’s value.
According to Binance, IO is now available on Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest. This increased accessibility has driven IO’s price up by nearly 52% in the last 24 hours, currently trading at $5.66 with a market cap of over $534 million.
The io.net project aims to revolutionize cloud computing by creating a decentralized network that provides machine learning engineers with cost-effective access to distributed cloud clusters. This innovative approach addresses the limitations of traditional cloud service providers, such as high costs and long wait times for accessing cloud resources.
The project team states, “Our vision is to build IO to be the currency of compute, powering an ecosystem of products and services that enable access to compute as a resource and as an asset.”
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