A Solana (SOL)-based altcoin mission with a man-made intelligence (AI) focus is hovering after gaining assist from Binance, the world’s largest crypto trade.
In a brand new announcement, Binance says it’s itemizing decentralized AI computing community io.internet (IO) for buying and selling on its platform.
“Binance is happy to announce that io.internet (IO) has been added to Binance Easy Earn, ‘Purchase Crypto’ and Binance Convert. As well as, Binance will add IO on Binance Margin, Binance Futures and Binance Auto-Make investments at 2024-06-11 14:00 (UTC), 2024-06-11 14:00 (UTC) and 2024-06-13 10:00 (UTC) respectively.”
IO is buying and selling for $5.66 at time of writing, up practically 52% within the final 24 hours. The altcoin, with a market cap of simply over $534 million, reached an all-time excessive of $5.84 following the Binance announcement.
The io.internet mission goals to create a decentralized computing community that permits machine studying engineers to entry distributed cloud clusters at a decrease price. The intent is to deal with the challenges of conventional cloud service suppliers which have insufficient capability, creating issues reminiscent of excessive prices and longer wait instances to entry {hardware} with cloud companies.
Says the mission group,
“Our imaginative and prescient is to construct IO to be the forex of compute, powering an ecosystem of services that allow entry to compute as a useful resource and as an asset.”
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