Altcoins
Solana-Based Altcoin AI Explodes After Getting Support From Crypto Exchange Binance
A Solana (GROUND) based on the altcoin and focused on artificial intelligence (AI), is taking off after gaining support from Binance, the world’s largest crypto exchange.
In a new announcement, Binance said it lists IA’s decentralized computing network io.net (I.O.) to trade on its platform.
“Binance is excited to announce that io.net (IO) has been added to Binance Simple Earn, “Buy Crypto” and Binance Convert. Additionally, Binance will add IOs on Binance Margin, Binance Futures and Binance Auto-Invest on 06/11/2024 at 2:00 p.m. (UTC), 06/11/2024 at 2:00 p.m. (UTC), and on 06/13/2024 10: 00 (UTC) respectively.
IO is trading at $5.66 at the time of writing, up almost 52% in the last 24 hours. The altcoin, with a market capitalization of just over $534 million, hit an all-time high of $5.84 following Binance’s announcement.
The io.net project aims to create a decentralized computing network that allows machine learning engineers to access distributed cloud clusters at a lower cost. The aim is to address the challenges of traditional cloud service providers having insufficient capacity, creating problems such as high costs and longer wait times to access hardware with cloud services.
Said the project team,
“Our vision is to make IO the currency of computing, powering an ecosystem of products and services that enable access to computing as a resource and as an asset. »
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