IO token price prediction

The IO token is trading on the pre-market with prices ranging from $2 to $5 and is expected to rise to $10 when listed.

The event where Binance confirmed that IO.NET (IO token) has become the 55th project on Binance Launchpool is gaining significant attention from the community. Investors can stake BNB and FDUSD to farm IO tokens for four days, starting at 2024-06-07 00:00 (UTC) to 2024-06-10 23:59 (UTC).

Binance will list the IO token at 2024-06-11 12:00 (UTC), with trading available for the pairs IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY, and the project will be marked with a Seed Tag.

Whale Pro has launched the IO token in the pre-market to meet the growing demand from investors. Currently, IO is trading at $4.5, increased by 16% in the past 24 hours. The 24-hour trading volume reached 275,129.1 USD, an increase of 255.4%.

The total trading volume has reached $6,127,472.1. The highest selling price of IO is currently $4.9. Whales Market reports the average bid price of IO at $0.6571 and the average ask price at $4.29.

Most investors believe that the current price of IO does not yet reflect its full potential. Higher price levels have been suggested, showing the community’s high expectations for the project.

The GPU market is predicted to surge to a scale of $206.95 billion by 2030. Io.net is one of the companies providing GPUs at a cost lower than 90% compared to others. The project’s goal is to enhance computational power for consumers and offer computing power rentals at better prices than the current market.

Recent projects like Render and Filecoin have received positive support, with initial supplies not significantly different from IO. Additionally, io.net is highly regarded for its superior CPU and GPU network.

Compared to potential competitors, the community sees IO’s potential to reach $10 upon listing. This is the average price target agreed upon by many investors.

Higher price ranges from $11.9 to $16 could be achieved if the project’s market capitalization grows within the range of $2.39 billion to $3.21 billion. Conversely, IO’s price could fall to the range of $3.2 to $8, with a market capitalization between $654 million to $1.6 billion.

Io.net is a major project in the DePIN sector, valued at $1 billion after completing a $30 million fundraising round. Io.net strives to meet the increasing demand for GPU computing with efficient, sustainable, and highly scalable solutions. The project also actively builds partnerships to better support users.

The project has announced tokenomics with an initial supply of 500 million tokens. Over the next 20 years, the supply will gradually increase to 800 million IO. Additional tokens are used as rewards for providers and stakers. Rewards start at 8% in the first year and decrease by approximately 1.02% per month, equivalent to 12% per year until the maximum supply is reached. Community rewards go up to 50%.

Users can receive IO tokens by:

• Contributing hardware resources to the project and ensuring stable operations
• Providing services and receiving fees
• Staking IO

The project’s decentralized model gives users more choices, reduces costs, and mitigates resource scarcity. The project leverages GPUs from various sources such as independent data centers and crypto projects to provide abundant and stable computing power.

The project’s system automatically deploys, schedules, and scales, so users do not need to worry about technical and hardware issues.