Binance Report: io.net has raised $40 million through two rounds of private placements, with the latest valuation at $1 billion
2024-06-06 06:13:16
According to Binance Research Institute's research report on decentralized artificial intelligence computing and cloud platform IO.NET, io.net has raised $40 million through two rounds of private placements, with the latest valuation of $1 billion. This accounts for 36.24% of the genesis token supply and 22.65% of the maximum token supply. The distribution of io.net initial token supply (500 million) is as follows: Seed investors 20%, Series A investors 16.24%, core contributors 18.14%, R & D and ecosystem, 25.61%, community 16%. The distribution when the maximum supply 800 million has been previously reported, at which time the community share will increase to 50%.
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